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Company Registration No. 04192860 (England and Wales)
SMARTFIX U.K. LIMITED Unaudited accounts for the year ended 30 April 2024
SMARTFIX U.K. LIMITED Unaudited accounts Contents
Page
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SMARTFIX U.K. LIMITED Company Information for the year ended 30 April 2024
Directors
Matthew Peter WORTLEY Richard James WHEELER
Company Number
04192860 (England and Wales)
Registered Office
7-8 RITZ PARADE WESTERN AVENUE LONDON W5 3RA
Accountants
Accountancy SOS 21 Gorsehill Road Poole, DORSET BH15 3QH
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SMARTFIX U.K. LIMITED Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,827 
- 
Current assets
Inventories
57,000 
38,000 
Debtors
203,499 
236,167 
Cash at bank and in hand
135,232 
64,070 
395,731 
338,237 
Creditors: amounts falling due within one year
(307,782)
(310,647)
Net current assets
87,949 
27,590 
Total assets less current liabilities
91,776 
27,590 
Creditors: amounts falling due after more than one year
- 
(16,155)
Net assets
91,776 
11,435 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
91,676 
11,335 
Shareholders' funds
91,776 
11,435 
For the year ending 30 April 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 directors acknowledge their 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 of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by
Matthew Peter WORTLEY Director Company Registration No. 04192860
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SMARTFIX U.K. LIMITED Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
SMARTFIX U.K. LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04192860. The registered office is 7-8 RITZ PARADE, WESTERN AVENUE, LONDON, W5 3RA.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Motor vehicles
25% per Annum - Reducing balance basis
Fixtures & fittings
15% per Annum - Reducing balance basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Patents Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 10 years.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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SMARTFIX U.K. LIMITED Notes to the Accounts for the year ended 30 April 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 May 2023
9,275 
At 30 April 2024
9,275 
Amortisation
At 1 May 2023
9,275 
At 30 April 2024
9,275 
Net book value
At 30 April 2024
- 
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2023
8,275 
8,688 
- 
16,963 
Additions
- 
- 
5,741 
5,741 
At 30 April 2024
8,275 
8,688 
5,741 
22,704 
Depreciation
At 1 May 2023
8,275 
8,688 
- 
16,963 
Charge for the year
- 
- 
1,914 
1,914 
At 30 April 2024
8,275 
8,688 
1,914 
18,877 
Net book value
At 30 April 2024
- 
- 
3,827 
3,827 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
40,834 
Trade debtors
195,650 
187,484 
Accrued income and prepayments
7,849 
7,849 
203,499 
236,167 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
15,654 
8,018 
VAT
100,853 
70,020 
Trade creditors
106,949 
169,450 
Taxes and social security
- 
(17,685)
Other creditors
559 
- 
Loans from directors
82,842 
79,944 
Accruals
925 
900 
307,782 
310,647 
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SMARTFIX U.K. LIMITED Notes to the Accounts for the year ended 30 April 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
16,155 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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