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REGISTERED NUMBER: 09814889 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

HOWSMART LIMITED

HOWSMART LIMITED (REGISTERED NUMBER: 09814889)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOWSMART LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr B A Ranson





REGISTERED OFFICE: Suite 11 Ensign House
Admirals Way
London
E14 9XQ





REGISTERED NUMBER: 09814889 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

HOWSMART LIMITED (REGISTERED NUMBER: 09814889)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 98,019 98,019

CURRENT ASSETS
Debtors 5 146 92
Cash at bank 5 115
151 207
CREDITORS
Amounts falling due within one year 6 95,143 85,247
NET CURRENT LIABILITIES (94,992 ) (85,040 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,027

12,979

CREDITORS
Amounts falling due after more than one year 7 22,066 29,649
NET LIABILITIES (19,039 ) (16,670 )

CAPITAL AND RESERVES
Called up share capital 8 1,200 1,200
Retained earnings (20,239 ) (17,870 )
SHAREHOLDERS' FUNDS (19,039 ) (16,670 )

HOWSMART LIMITED (REGISTERED NUMBER: 09814889)

BALANCE SHEET - continued
31 JANUARY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 October 2024 and were signed by:





Mr B A Ranson - Director


HOWSMART LIMITED (REGISTERED NUMBER: 09814889)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Howsmart Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

INTANGIBLE ASSETS
Intangible assets are initially recognised at cost.After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not excess ten year.

Application developments are reviewed for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

GOING CONCERN
The company meets its day-to-day working capital requirements through the support of the director and other related parties. The director believes it is appropriate to prepare the financial statements on a going concern basis which assumes that the company will continue in operational existence with the support of the director and other related parties.

HOWSMART LIMITED (REGISTERED NUMBER: 09814889)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
Cost
At 1 February 2023
and 31 January 2024 98,019
Net book value
At 31 January 2024 98,019
At 31 January 2023 98,019

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 146 92

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 9,983 9,983
Trade creditors 141 141
Other creditors 85,019 75,123
95,143 85,247

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 22,066 29,649

HOWSMART LIMITED (REGISTERED NUMBER: 09814889)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
120,000 Ordinary 1p 1,200 1,200

9. RELATED PARTY DISCLOSURES

At the year end Howsmart Limited owed Ranson (UK) Ltd £55,732 (2023: £55,732). Ranson (UK) Ltd is a company that is under the same ownership and control as Howsmart Limited.

At the year end Howsmart Limited owed Ranson Property Short Term Limited £50 (2023: £49). Ranson Property Short Term Limited is a company that is under the same ownership and control as Howsmart Limited.

At the year end Howsmart Limited owed Ranson Property Ltd £600 (2023: £600). Ranson Property Ltd is a company that is under the same ownership and control as Howsmart Limited.

At the year end Howsmart Limited owed Saracen London Limited £527.42 (2023: £527.42). Saracen London Limited is a company that is under the same ownership and control as Howsmart Limited.