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Company Registration No. 09980453 (England and Wales)
Smartte Limited Unaudited accounts for the year ended 29 February 2024
Smartte Limited Unaudited accounts Contents
Page
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Smartte Limited Company Information for the year ended 29 February 2024
Director
A Olaru
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
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Smartte Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
28,687 
19,335 
Current assets
Debtors
169,772 
71,676 
Cash at bank and in hand
519 
38,061 
170,291 
109,737 
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 
Capital and reserves
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
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Smartte Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
3
Accounting policies
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.
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.
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 
Depreciation
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 
Net book value
At 29 February 2024
824 
25,368 
2,495 
28,687 
At 28 February 2023
1,099 
14,494 
3,742 
19,335 
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Smartte Limited Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
27,432 
42,470 
Other debtors
142,340 
29,206 
169,772 
71,676 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,061 
2,974 
VAT
49,888 
32,660 
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 
Loans from directors
- 
76 
167,471 
61,772 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,085 
7,095 
Obligations under finance leases and hire purchase contracts
27,702 
15,741 
31,787 
22,836 
8
Average number of employees
During the year the average number of employees was 4 (2023: 3).
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