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Company Registration No. 11985572 (England and Wales)
Smarter Savings Limited Unaudited accounts for the year ended 31 May 2024
Smarter Savings Limited Unaudited accounts Contents
Page
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Smarter Savings Limited Company Information for the year ended 31 May 2024
Director
Mr M Hull
Company Number
11985572 (England and Wales)
Registered Office
20 Old Kiln Lane Bolton Lancashire BL1 5PD England
Accountants
J F Balshaw & Co 20 Old Kiln Lane Heaton Bolton Lancashire BL1 5PD
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Smarter Savings Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
73,613 
87,556 
Tangible assets
307 
459 
73,920 
88,015 
Current assets
Debtors
29 
- 
Cash at bank and in hand
1,273 
14,141 
1,302 
14,141 
Creditors: amounts falling due within one year
(26,945)
(29,791)
Net current liabilities
(25,643)
(15,650)
Total assets less current liabilities
48,277 
72,365 
Creditors: amounts falling due after more than one year
(36,163)
(42,717)
Net assets
12,114 
29,648 
Capital and reserves
Called up share capital
3 
3 
Share premium
274,045 
274,045 
Profit and loss account
(261,934)
(244,400)
Shareholders' funds
12,114 
29,648 
For the year ending 31 May 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 12 February 2025 and were signed on its behalf by
Mr M Hull Director Company Registration No. 11985572
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Smarter Savings Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Smarter Savings Limited is a private company, limited by shares, registered in England and Wales, registration number 11985572. The registered office is 20 Old Kiln Lane, Bolton, Lancashire, BL1 5PD, England.
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Fixtures & fittings
33.3% reducing balance
Computer equipment
33.3% reducing balance
4
Intangible fixed assets
Other 
£ 
Cost
At 1 June 2023
139,428 
At 31 May 2024
139,428 
Amortisation
At 1 June 2023
51,872 
Charge for the year
13,943 
At 31 May 2024
65,815 
Net book value
At 31 May 2024
73,613 
At 31 May 2023
87,556 
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Smarter Savings Limited Notes to the Accounts for the year ended 31 May 2024
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
320 
1,063 
1,383 
At 31 May 2024
320 
1,063 
1,383 
Depreciation
At 1 June 2023
177 
747 
924 
Charge for the year
47 
105 
152 
At 31 May 2024
224 
852 
1,076 
Net book value
At 31 May 2024
96 
211 
307 
At 31 May 2023
143 
316 
459 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
29 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,190 
6,190 
Trade creditors
8,649 
9,312 
Taxes and social security
- 
1,493 
Other creditors
11,633 
11,850 
Loans from directors
- 
33 
Accruals
473 
913 
26,945 
29,791 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
36,163 
42,717 
9
Transactions with related parties
The company owes a balance of £11,633 (2023 £11,850) to FRSR Limited, a company under the control of Mr A Fraser.
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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