Company Registration No. 09980453 (England and Wales)
Smartte Limited
Unaudited accounts
for the year ended 29 February 2024
Smartte Limited
Unaudited accounts
Contents
Smartte Limited
Company Information
for the year ended 29 February 2024
Company Number
09980453 (England and Wales)
Registered Office
86-90 Paul Street
London
EC2A 4NE
Accountants
Practical Bookkeeping, Accounting & Taxation Services
34 Clarence Street
Southend on Sea
Essex
SS1 1BD
Smartte Limited
Statement of financial position
as at 29 February 2024
Tangible assets
28,687
19,335
Cash at bank and in hand
519
38,061
Creditors: amounts falling due within one year
(167,471)
(61,772)
Net current assets
2,820
47,965
Total assets less current liabilities
31,507
67,300
Creditors: amounts falling due after more than one year
(31,787)
(22,836)
Provisions for liabilities
Deferred tax
(1,999)
(3,674)
Net (liabilities)/assets
(2,279)
40,790
Called up share capital
100
100
Profit and loss account
(2,379)
40,690
Shareholders' funds
(2,279)
40,790
For the year ending 29 February 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 29 November 2024 and were signed on its behalf by
A Olaru
Director
Company Registration No. 09980453
Smartte Limited
Notes to the Accounts
for the year ended 29 February 2024
Smartte Limited is a private company, limited by shares, registered in England and Wales, registration number 09980453. The registered office is 86-90 Paul Street, London, EC2A 4NE.
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.
These financial statements for the year ended 29 February 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
25% Reducing Balance
Motor vehicles
25 % Reducing Balance
Computer equipment
25 % Straight Line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
1,465
19,325
4,989
25,779
Additions
-
19,330
-
19,330
At 29 February 2024
1,465
38,655
4,989
45,109
At 1 March 2023
366
4,831
1,247
6,444
Charge for the year
275
8,456
1,247
9,978
At 29 February 2024
641
13,287
2,494
16,422
At 29 February 2024
824
25,368
2,495
28,687
At 28 February 2023
1,099
14,494
3,742
19,335
Smartte Limited
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
27,432
42,470
Other debtors
142,340
29,206
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,061
2,974
Obligations under finance leases and hire purchase contracts
6,990
3,107
Taxes and social security
65,393
20,960
Other creditors
42,139
1,995
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
27,702
15,741
8
Average number of employees
During the year the average number of employees was 4 (2023: 3).