Company Registration No. 5319610 (England and Wales)
SmartWisdom Ltd
Unaudited accounts
for the year ended 31 December 2024
SmartWisdom Ltd
Unaudited accounts
Contents
SmartWisdom Ltd
Company Information
for the year ended 31 December 2024
Company Number
5319610 (England and Wales)
Registered Office
13 Shelton Street
LONDON
WC2H9JN
ENGLAND
Accountants
Lateral Accounting Ltd
2 Chestnut Road
Kingston Upon Thames
KT2 5AP
SmartWisdom Ltd
Statement of financial position
as at 31 December 2024
Intangible assets
6,735
9,702
Cash at bank and in hand
(57)
232
Creditors: amounts falling due within one year
(230,261)
(220,777)
Net current liabilities
(229,944)
(220,171)
Net liabilities
(223,209)
(210,469)
Called up share capital
1,000
1,000
Profit and loss account
(224,209)
(211,469)
Shareholders' funds
(223,209)
(210,469)
For the year ending 31 December 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 31 January 2025 and were signed on its behalf by
KEMP, Jonathan
Director
Company Registration No. 5319610
SmartWisdom Ltd
Notes to the Accounts
for the year ended 31 December 2024
SmartWisdom Ltd is a private company, limited by shares, registered in England and Wales, registration number 5319610. The registered office is 13 Shelton Street, LONDON, WC2H9JN, 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.
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
25% on reducing balance basis
Fixtures & fittings
25% on reducing balance basis
Computer equipment
33% straight-line method
Other tangible fixed assets
10% straight-line method
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
4
Intangible fixed assets
Other
At 31 December 2024
29,966
At 31 December 2024
23,231
SmartWisdom Ltd
Notes to the Accounts
for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
8,836
2,050
25,448
36,334
At 31 December 2024
8,836
2,050
25,448
36,334
At 1 January 2024
8,836
2,050
25,448
36,334
At 31 December 2024
8,836
2,050
25,448
36,334
At 31 December 2024
-
-
-
-
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
230,198
220,483
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).