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Registered Number: 12458651
England

 

 

 

SMART PHONES SERVICES LTD


Abridged Accounts
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
Accountant’s report
You consider that the company is exempt from an audit for the year ended 29 February 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
MHB & Co Certified Accountants
29 February 2024



....................................................

MHB & Co Certified Accountants

IFA
125C St Agathas Road
Birmingham
B8 2TT
27 November 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 3,325    4,962 
3,325    4,962 
Current assets      
Stocks 4,950    4,322 
Creditors: amount falling due within one year (14,129)   (12,253)
Net current assets (9,179)   (7,931)
 
Total assets less current liabilities (5,854)   (2,969)
Net assets (5,854)   (2,969)
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (5,954)   (3,069)
Shareholders' funds (5,854)   (2,969)
 


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 27 November 2024 and were signed by:


-------------------------------
Naseeb Khan
Director
2
General Information
Smart Phones Services Ltd is a private company, limited by shares, registered in England, registration number 12458651, registration address 464 Alum Rock Road, Birmingham, B8 3HU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 33 Reducing Balance
Computer Equipment 33 Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 March 2023 16,000    500    16,500 
Additions    
Disposals    
At 29 February 2024 16,000    500    16,500 
Depreciation
At 01 March 2023 11,188    350    11,538 
Charge for year 1,588    49    1,637 
On disposals    
At 29 February 2024 12,776    399    13,175 
Net book values
Closing balance as at 29 February 2024 3,224    101    3,325 
Opening balance as at 01 March 2023 4,812    150    4,962 


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