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
Smarter Savings Limited
Company Information
for the year ended 31 May 2024
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
Smarter Savings Limited
Statement of financial position
as at 31 May 2024
Intangible assets
73,613
87,556
Cash at bank and in hand
1,273
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)
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
Smarter Savings Limited
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
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
Charge for the year
13,943
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
At 1 June 2023
177
747
924
Charge for the year
47
105
152
At 31 May 2024
224
852
1,076
At 31 May 2023
143
316
459
Amounts falling due within one year
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
8
Creditors: amounts falling due after more than one year
2024
2023
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).