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Company Registration No. 09250528 (England and Wales)
Smartstats Limited Unaudited accounts for the year ended 31 October 2024
Smartstats Limited Company Information for the year ended 31 October 2024
Director
Ian Stansfield
Company Number
09250528 (England and Wales)
Registered Office
177 Cardiff Road Dinas Powys Vale Of Glamorgan CF64 4JW
Accountants
Debbie Howard 12 Plantation Drive Sutton Coldfield West Midlands B75 7JQ
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Smartstats Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
927 
1,236 
Tangible assets
13,418 
20,590 
14,345 
21,826 
Current assets
Debtors
2,622 
1,028 
Cash at bank and in hand
5,059 
1,704 
7,681 
2,732 
Creditors: amounts falling due within one year
(7,108)
(4,121)
Net current assets/(liabilities)
573 
(1,389)
Total assets less current liabilities
14,918 
20,437 
Provisions for liabilities
Deferred tax
(2,549)
(3,912)
Net assets
12,369 
16,525 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
12,367 
16,523 
Shareholders' funds
12,369 
16,525 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 November 2024 and were signed on its behalf by
Ian Stansfield Director Company Registration No. 09250528
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Smartstats Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Smartstats Limited is a private company, limited by shares, registered in England and Wales, registration number 09250528. The registered office is 177 Cardiff Road, Dinas Powys, Vale Of Glamorgan, CF64 4JW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% straight line
Motor vehicles
25% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Smartstats Limited Notes to the Accounts for the year ended 31 October 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2023
1,545 
At 31 October 2024
1,545 
Amortisation
At 1 November 2023
309 
Charge for the year
309 
At 31 October 2024
618 
Net book value
At 31 October 2024
927 
At 31 October 2023
1,236 
The Director has indicated a useful life of 5 years for a cherished number plate on the Company Van shown as an intangible asset
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
3,607 
24,795 
28,402 
At 31 October 2024
3,607 
24,795 
28,402 
Depreciation
At 1 November 2023
2,130 
5,682 
7,812 
Charge for the year
973 
6,199 
7,172 
At 31 October 2024
3,103 
11,881 
14,984 
Net book value
At 31 October 2024
504 
12,914 
13,418 
At 31 October 2023
1,477 
19,113 
20,590 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
129 
Trade debtors
2,280 
480 
Accrued income and prepayments
342 
419 
2,622 
1,028 
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Smartstats Limited Notes to the Accounts for the year ended 31 October 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
533 
- 
Trade creditors
10 
- 
Taxes and social security
253 
- 
Loans from directors
312 
46 
Accruals
6,000 
4,075 
7,108 
4,121 
8
Loans to directors
The Directors' loan is repayable on demand and as such is shown in current liabilities . It is measured at transaction value as it is a loan from a natural person who is a shareholder in the Company.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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