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Intersmooth Developments Limited
Registered Number:08367182
For the year ended 31 March 2024
England and Wales
Report of the Directors and Unaudited Financial Statements
2
For the year ended 31 March 2024
Intersmooth Developments Limited
Contents Page
Company Information
1
2
Directors' Report
3
Independent Accountants' Report
4
Income Statement
5
Other Comprehensive Income
6
Statement of Financial Position
7
Statement of Changes in Equity
8 to 10
Notes to the Financial Statements
3
For the year ended 31 March 2024
Intersmooth Developments Limited
Company Information
Mr Ferhat Bulent Bayram
Directors
Mrs Natalie Bayram
08367182
Registered Number
93 Woodside Avenue
Registered Office
Chiselhurst
Kent
BR7 6BT
St James Bookkeeping Limited
Accountants
Flat 6 Taddington House
Taddington Road
Eastbourne
East Sussex
BN22 7EB
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4
For the year ended 31 March 2024
Intersmooth Developments Limited
Directors' Report
The directors present their report and financial statements for the year ended 31 March 2024.
Principal activities
The principal activity of the company continued to be that of plumbing and heating engineers
Directors
The directors who served the company throughout the year were as follows:
Mr Ferhat Bulent Bayram
Mrs Natalie Bayram
Mr Ferhat Bulent Bayram
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Date:
26 November 2024
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5
For the year ended 31 March 2024
Intersmooth Developments Limited
Independent Accountants' Report
Report to the directors on the preparation of the unaudited statutory financial statements of Intersmooth Developments
Ltd.
In order to assist you to fulfil your duties under Companies Act 2006, we present for your approval the financial
statements of Intersmooth Developments Limited for the year ended 31 March 2024; which comprises of the Income
Statement, Statement of Other Comprehensive Income, Trading Profil & Loss, the Statement of Financial Position, the
Statement of Changes in Equity and the related notes to the financial statements. These have been prepared from
the the company's accounting records and from information and explanations you have given us.
As a practising firm of the Association of Chartered Certified Accountants we are subject to its ethical and other
professional requirements which detailed at http://rulebook.accaglobal.com.
This report is made solely to the Board of Directors of Intersmooth Developments Limited, as a body, in accordance
with the terms of our engagement letter dated 1st April 2024. Our work has been undertaken solely to prepare for your
approval the financial statements of Intersmooth Developments Limited and state those matters that we have agreed
to state to the Board of Directors of Intersmooth Developments Limited.
It is your duty to ensure that Intersmooth Developments Limited has kept adequate accounting records and to prepare
statutory accounts that give a true and fair view of assets, liabilities, financial position and profit of Intersmooth
Developments Limited. You consider that Intersmooth Developments Limited is exempt from the statutory audit
requirement for the year.
Jeremy F Kennerley
FCA (ICAEW)
Signed:
Dated 15th November 2024
St James Bookkeeping Limited
Flat 6 Taddington House
Taddington Road
Eastbourne
East Sussex
BN22 7EB
Date:
15 November 2024
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6
For the year ended 31 March 2024
Intersmooth Developments Limited
Income Statement
2023
£
2024
£
Turnover
296,521
350,037
(209,385)
Cost of sales
(193,150)
140,652
Gross profit
103,371
Distribution costs
(10,837)
(15,650)
Administrative expenses
(104,998)
(99,789)
(12,464)
25,213
Operating loss
(12,464)
25,213
Other interest receivable and similar income
883
-
Interest payable and similar charges
(1,741)
(1,010)
(13,322)
24,203
Loss before taxation
-
(4,691)
Taxation
(13,322)
Loss for the financial year
19,512
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7
For the year ended 31 March 2024
Intersmooth Developments Limited
Other Comprehensive Income
2024
2023
£
£
(13,322)
19,512
Profit/Loss for the financial year
Total comprehensive income since last annual report
(13,322)
19,512
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8
Registered Number :
08367182
As at 31 March 2024
Intersmooth Developments Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
-
584
2
-
584
Current assets
Trade and other receivables
34,226
57,179
3
59,170
Cash and cash equivalents
6,763
63,942
93,396
Trade and other payables: amounts falling due within one
year
(18,855)
(24,217)
4
74,541
39,725
Net current assets
Total assets less current liabilities
39,725
75,125
Trade and other payables: amounts falling due after more
than one year
(34,277)
(39,341)
5
384
Net assets
40,848
Capital and reserves
Called up share capital
100
100
Retained earnings
284
40,748
384
40,848
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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 in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Ferhat Bulent Bayram
Mrs Natalie Bayram
These financial statements were approved and authorised for issue by the Board on 26 November 2024 and were signed by:
The notes form part of these financial statements
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9
For the year ended 31 March 2024
Intersmooth Developments Limited
Statement of Changes in Equity
Share Capital
Retained
earnings
Total
£
£
£
Balance at 01 April 2022
100
119,101
119,201
19,512
19,512
Profit/Loss for the year
Dividends
(97,865)
(97,865)
Balance at 31 March 2023 and 01 April 2023
40,848
40,748
100
(13,322)
(13,322)
Loss for the year
Dividends
(27,142)
(27,142)
Balance at 31 March 2024
100
284
384
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10
For the year ended 31 March 2024
Intersmooth Developments Limited
Notes to the Financial Statements
Statutory Information
Intersmooth Developments Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 08367182.
Registered address:
93 Woodside Avenue
Chiselhurst
Kent
BR7 6BT
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, 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 of 18% reducing basis for Capital Allowances.
20 Straight line
Furniture and Fittings
2. Property, plant and equipment
Furniture and
Fittings
£
Cost or
valuation
At 01 April 2023
11,286
At 31 March 2024
11,286
Provision for depreciation and impairment
At 01 April 2023
10,702
Charge for year
584
At 31 March 2024
11,286
At 31 March 2024
Net book value
-
At 31 March 2023
584
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For the year ended 31 March 2024
Intersmooth Developments Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Trade debtors
41,698
14,158
Amounts owed by directors
-
2,363
Taxation and social security
1,344
14,427
Other debtors
14,137
3,278
34,226
57,179
The debtors above include the following amounts falling due after more than one year:
Other debtors
2,500
2,500
Other debtors include an amount of £11,637 owed from House of Hounds BR5 Limited, which is a related party. The full receivable amount is due within 12 months.
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
9,701
10,028
Taxation and social security
516
5,222
Other creditors
14,000
3,605
24,217
18,855
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
23,333
33,333
Accruals and deferred income
998
944
Other creditors
15,010
-
39,341
34,277
6. Related party transactions
House of Hounds BR5 Limited is an incorporated company 100% owned by the same two directors as Intersmooth
Developments Limited.
During the year Intersmooth Developments Limited provided payment for materials and other costs during the start
up period for House of Hounds BR5 Limited.
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12
For the year ended 31 March 2024
Intersmooth Developments Limited
Notes to the Financial Statements Continued
7. Average number of persons employed
During the year the average number of employees was 2 (2023 : 3)
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