Acorah Software Products - Accounts Production 15.0.600 false true false 1 December 2022 31 December 2023 31 December 2023 14518652 Mr Man Kwok iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14518652 2022-11-30 14518652 2023-12-31 14518652 2022-12-01 2023-12-31 14518652 frs-core:CurrentFinancialInstruments 2023-12-31 14518652 frs-core:ShareCapital 2023-12-31 14518652 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 14518652 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-12-31 14518652 frs-bus:FilletedAccounts 2022-12-01 2023-12-31 14518652 frs-bus:SmallEntities 2022-12-01 2023-12-31 14518652 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-12-31 14518652 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-12-31 14518652 frs-bus:Director1 2022-12-01 2023-12-31 14518652 frs-bus:Director1 2022-11-30 14518652 frs-bus:Director1 2023-12-31 14518652 frs-countries:EnglandWales 2022-12-01 2023-12-31
Registered number: 14518652
Smart Glocal Limited
Unaudited Financial Statements
For the Period 1 December 2022 to 31 December 2023
Green Oak Accountants Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14518652
31 December 2023
Notes £ £
CURRENT ASSETS
Debtors 4 76,397
Cash at bank and in hand 803,379
879,776
Creditors: Amounts Falling Due Within One Year 5 (1,055,109 )
NET CURRENT ASSETS (LIABILITIES) (175,333 )
TOTAL ASSETS LESS CURRENT LIABILITIES (175,333 )
NET LIABILITIES (175,333 )
CAPITAL AND RESERVES
Called up share capital 6 1,000
Profit and Loss Account (176,333 )
SHAREHOLDERS' FUNDS (175,333)
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Man Kwok
Director
06/11/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Smart Glocal Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14518652 . The registered office is Dept 906, 196 High Road, Wood Green, London, N22 8HH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Debtors
31 December 2023
£
Due within one year
Trade debtors 75,397
Other debtors 1,000
76,397
5. Creditors: Amounts Falling Due Within One Year
31 December 2023
£
Trade creditors 837,401
Other creditors 6,035
Taxation and social security 211,673
1,055,109
Page 2
Page 3
6. Share Capital
31 December 2023
£
Allotted, Called up and fully paid 1,000
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2022 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Man Kwok - 1,000 - - 1,000
The above loan is unsecured, interest free and repayable on demand.
Page 3