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
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
SMARTFIX U.K. LIMITED
Statement of financial position
as at 30 April 2024
Cash at bank and in hand
135,232
64,070
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)
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
SMARTFIX U.K. LIMITED
Notes to the Accounts
for the year ended 30 April 2024
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.
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.
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.
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 (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 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.
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.
SMARTFIX U.K. LIMITED
Notes to the Accounts
for the year ended 30 April 2024
4
Intangible fixed assets
Other
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
At 30 April 2024
8,275
8,688
5,741
22,704
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
At 30 April 2024
-
-
3,827
3,827
Amounts falling due within one year
Trade debtors
195,650
187,484
Accrued income and prepayments
7,849
7,849
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
15,654
8,018
Trade creditors
106,949
169,450
Taxes and social security
-
(17,685)
Loans from directors
82,842
79,944
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
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).