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Company Registration No. 12131008 (England and Wales)
SMAGGS VENTURES LTD Unaudited accounts for the year ended 31 July 2024
SMAGGS VENTURES LTD Unaudited accounts Contents
Page
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SMAGGS VENTURES LTD Company Information for the year ended 31 July 2024
Directors
OLAREWAJU-DAVID, MAGGIE OLAREWAJU-DAVID, OLUWAGBENGA SAWGEE
Company Number
12131008 (England and Wales)
Registered Office
4TH FLOOR 18 ST CROSS STREET LONDON EC1N 8UN ENGLAND
Accountants
Certified Accountants Ltd 3 Woodman Parade Woodman Street London ESSEX E16 2LL
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SMAGGS VENTURES LTD Statement of financial position as at 31 July 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
1,049 
Current assets
Cash at bank and in hand
1,607 
Creditors: amounts falling due within one year
(300)
Net current assets
1,307 
Total assets less current liabilities
2,356 
Creditors: amounts falling due after more than one year
(3,619)
Net liabilities
(1,263)
Capital and reserves
Called up share capital
2,000 
Profit and loss account
(3,263)
Shareholders' funds
(1,263)
For the year ending 31 July 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 6 February 2025 and were signed on its behalf by
OLAREWAJU-DAVID, MAGGIE Director Company Registration No. 12131008
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SMAGGS VENTURES LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
SMAGGS VENTURES LTD is a private company, limited by shares, registered in England and Wales, registration number 12131008. The registered office is 4TH FLOOR 18 ST CROSS STREET, LONDON, EC1N 8UN, 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 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.
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:
Plant & machinery
20%
Fixtures & fittings
20%
Computer equipment
20%
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
1,530 
130 
772 
2,432 
At 31 July 2024
1,530 
130 
772 
2,432 
Depreciation
At 1 August 2023
572 
80 
468 
1,120 
Charge for the year
192 
10 
61 
263 
At 31 July 2024
764 
90 
529 
1,383 
Net book value
At 31 July 2024
766 
40 
243 
1,049 
5
Creditors: amounts falling due within one year
2024 
£ 
Accruals
300 
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SMAGGS VENTURES LTD Notes to the Accounts for the year ended 31 July 2024
6
Creditors: amounts falling due after more than one year
2024 
£ 
Loans from directors
3,619 
7
Average number of employees
During the year the average number of employees was 0.
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