1 1 Smart Plan Trading Limited 12195982 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is Online retailer Digita Accounts Production Advanced 6.30.9574.0 true 12195982 2023-10-01 2024-09-30 12195982 2024-09-30 12195982 core:RetainedEarningsAccumulatedLosses 2024-09-30 12195982 core:ShareCapital 2024-09-30 12195982 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 12195982 core:FurnitureFittingsToolsEquipment 2024-09-30 12195982 bus:SmallEntities 2023-10-01 2024-09-30 12195982 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 12195982 bus:FilletedAccounts 2023-10-01 2024-09-30 12195982 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12195982 bus:RegisteredOffice 2023-10-01 2024-09-30 12195982 bus:Director1 2023-10-01 2024-09-30 12195982 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12195982 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 12195982 core:OfficeEquipment 2023-10-01 2024-09-30 12195982 countries:EnglandWales 2023-10-01 2024-09-30 12195982 2023-09-30 12195982 core:FurnitureFittingsToolsEquipment 2023-09-30 12195982 2022-10-01 2023-09-30 12195982 2023-09-30 12195982 core:RetainedEarningsAccumulatedLosses 2023-09-30 12195982 core:ShareCapital 2023-09-30 12195982 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 12195982 core:FurnitureFittingsToolsEquipment 2023-09-30 xbrli:pure iso4217:GBP

Registration number: 12195982

Smart Plan Trading Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Smart Plan Trading Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Smart Plan Trading Limited

Company Information

Director

J A Blythe

Registered office

3 Underwood End
Sandford
Winscombe
Somerset
BS25 5RT

Accountants

Four Fifty Partnership
Chartered Accountants
34 Boulevard
Weston-super-Mare
North Somerset
BS23 1NF

 

Smart Plan Trading Limited

(Registration number: 12195982)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

380

749

Current assets

 

Stocks

5

15,838

5,226

Cash at bank and in hand

 

62,122

82,079

 

77,960

87,305

Creditors: Amounts falling due within one year

6

(69,942)

(78,982)

Net current assets

 

8,018

8,323

Total assets less current liabilities

 

8,398

9,072

Provisions for liabilities

(72)

(142)

Net assets

 

8,326

8,930

Capital and reserves

 

Called up share capital

1

1

Retained earnings

8,325

8,929

Shareholders' funds

 

8,326

8,930

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Smart Plan Trading Limited

(Registration number: 12195982)
Balance Sheet as at 30 September 2024

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 6 January 2025
 

.........................................
J A Blythe
Director

 

Smart Plan Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Smart Plan Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

2

Accounting policies (continued)

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Smart Plan Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

33% Straight Line

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.
 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Smart Plan Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Computer equipment
£

Total
£

Cost or valuation

At 1 October 2023

1,518

1,518

At 30 September 2024

1,518

1,518

Depreciation

At 1 October 2023

769

769

Charge for the year

369

369

At 30 September 2024

1,138

1,138

Carrying amount

At 30 September 2024

380

380

At 30 September 2023

749

749

 

Smart Plan Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5

Stocks

2024
£

2023
£

Closing stock

15,838

5,226

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

12,543

24,098

Accruals

3,134

7,221

Other creditors

54,265

47,663

69,942

78,982