THE SMART MAGAZINE COMPANY LIMITED

Company Registration Number:
14507621 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2024

Period of accounts

Start date: 01 December 2023

End date: 30 November 2024

THE SMART MAGAZINE COMPANY LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

THE SMART MAGAZINE COMPANY LIMITED

Company Information

for the Period Ended 30 November 2024




Director: Justine Maynard
Registered office: West Wing Studios
The Mall
Luton
England
LU1 2TL
Company Registration Number: 14507621 (England and Wales)

THE SMART MAGAZINE COMPANY LIMITED

Directors' Report Period Ended 30 November 2024

The directors present their report with the financial statements of the company for the period ended 30 November 2024

Principal Activities

Magazine & Book Publishing

Company policy on the employment of disabled persons

Equal Opportunities

Directors

The directors shown below have held office during the whole of the period from 01 December 2023 to 30 November 2024
Justine Maynard

This report was approved by the board of directors on 7 March 2025
And Signed On Behalf Of The Board By:

Name: Justine Maynard
Status: Director

THE SMART MAGAZINE COMPANY LIMITED

Profit and Loss Account

for the Period Ended 30 November 2024


Notes

2024
£

2023
£
Turnover 20,788 27,810
Cost of sales ( 21,445 ) ( 21,860 )
Gross Profit or (Loss) ( 657 ) 5,950
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 2,969 ) ( 2,099 )
Administrative Expenses ( 3,647 ) ( 4,280 )
Operating Profit or (Loss) ( 7,273 ) ( 429 )
Interest Payable and Similar Charges ( 113 ) ( 0 )
Profit or (Loss) Before Tax ( 7,386 ) ( 429 )
Profit or (Loss) for Period ( 7,386 ) ( 429 )

The notes form part of these financial statements

THE SMART MAGAZINE COMPANY LIMITED

Balance sheet

As at 30 November 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 4 28,500 11,400
Tangible assets: 5 28,500 2,100
Total fixed assets: 57,000 13,500
Current assets
Stocks: 450 300
Debtors: 6 649 526
Cash at bank and in hand: 49 14
Total current assets: 1,148 840
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 7 ( 23,800 ) ( 0 )
Net current assets (liabilities): ( 22,652 ) 840
Total assets less current liabilities: 34,348 14,340
Creditors: amounts falling due after more than one year: 8 ( 15,500 ) ( 1,400 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 1,714 )
Total net assets (liabilities): 18,848 11,226

The notes form part of these financial statements

THE SMART MAGAZINE COMPANY LIMITED

Balance sheet continued

As at 30 November 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 18,848 11,226
Revaluation reserve: 9 0 0
Profit and loss account: 0 0
Shareholders funds: 18,848 11,226

For the year ending 30 November 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 7 March 2025
And Signed On Behalf Of The Board By:

Name: Justine Maynard
Status: Director

The notes form part of these financial statements

THE SMART MAGAZINE COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

THE SMART MAGAZINE COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 2

THE SMART MAGAZINE COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 3. Off balance sheet disclosure

    No

THE SMART MAGAZINE COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Intangible assets

Other Total
Cost £ £
At 01 December 2023 11,400 11,400
Additions 17,100 17,100
Disposals - -
Revaluations - -
Transfers - -
At 30 November 2024 28,500 28,500
Amortisation
Amortisation at 01 December 2023 - -
Charge for year - -
On disposals - -
Other adjustments - -
Amortisation at 30 November 2024 - -
Net book value
Net book value at 30 November 2024 28,500 28,500
Net book value at 30 November 2023 11,400 11,400

THE SMART MAGAZINE COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

5. Tangible assets

Office equipment Total
Cost £ £
At 01 December 2023 2,100 2,100
Additions 26,400 26,400
Disposals ( 0 ) ( 0 )
Revaluations - -
Transfers 0 0
At 30 November 2024 28,500 28,500
Depreciation
At 01 December 2023 0 0
Charge for year 0 0
On disposals ( 0 ) ( 0 )
Other adjustments 0 0
At 30 November 2024 0 0
Net book value
At 30 November 2024 28,500 28,500
At 30 November 2023 2,100 2,100

THE SMART MAGAZINE COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

6. Debtors


2024
£

2023
£
Trade debtors 649 526
Total 649 526
Debtors due after more than one year: 649 526

Sales

THE SMART MAGAZINE COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

7.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 15,000 0
Other creditors 8,800 0
Total 23,800 0

share holders funds

THE SMART MAGAZINE COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

8.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 1,500 1,000
Other creditors 14,000 400
Total 15,500 1,400

Funds in from shareholders

THE SMART MAGAZINE COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

9. Revaluation reserve


2024
£
Balance at 01 December 2023 0
Surplus or deficit after revaluation 0
Balance at 30 November 2024 0