Registered number
05147628
Smurk Investments Limited
Filleted Accounts
30 June 2024
Smurk Investments Limited
Registered number: 05147628
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 334,652
Current assets
Debtors 4 - 5,908
Cash at bank and in hand 420,086 24,031
420,086 29,939
Creditors: amounts falling due within one year 5 (3,000) (110,238)
Net current assets/(liabilities) 417,086 (80,299)
Total assets less current liabilities 417,086 254,353
Creditors: amounts falling due after more than one year 6 (6,908) (134,605)
Net assets 410,178 119,748
Capital and reserves
Called up share capital 2 2
Profit and loss account 410,176 119,746
Shareholders' funds 410,178 119,748
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Nayyar
Director
Approved by the board on 22 August 2024
Smurk Investments Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 100 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 July 2023 412,929 12,971 425,900
Disposals (412,929) (12,971) (425,900)
At 30 June 2024 - - -
Depreciation
At 1 July 2023 78,448 12,800 91,248
On disposals (78,448) (12,800) (91,248)
At 30 June 2024 - - -
Net book value
At 30 June 2024 - - -
At 30 June 2023 334,481 171 334,652
4 Debtors 2024 2023
£ £
Other debtors - 5,908
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 600 679
Taxation and social security costs 2,400 4,726
Other creditors - 104,833
3,000 110,238
6 Creditors: amounts falling due after one year 2024 2023
£ £
Trade creditors 6,908 -
Other creditors - 134,605
6,908 134,605
7 Controlling party
The company was under the control of M Nayyar during the accounting period who acted as managing director, Sanjay Nayyar creased to be a director during the accounting period and resigned on the 5th April 2024
8 Other information
Smurk Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Karmjit House
Balliol Business Park
Benton Lane
Tyne & Wear
NE12 8EW
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