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Company registration number: 04369649
Smart Planning Limited
Unaudited filleted financial statements
31 December 2024
Smart Planning Limited
Contents
Balance sheet
Notes to the financial statements
Smart Planning Limited
Balance sheet
31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 260,094 269,614
_______ _______
260,094 269,614
Current assets
Debtors 6 218,504 130,838
Cash at bank and in hand 17,594 11,125
_______ _______
236,098 141,963
Creditors: amounts falling due
within one year 7 ( 480,882) ( 382,453)
_______ _______
Net current liabilities ( 244,784) ( 240,490)
_______ _______
Total assets less current liabilities 15,310 29,124
Creditors: amounts falling due
after more than one year 8 ( 5,252) ( 15,723)
Provisions for liabilities ( 5,912) ( 6,885)
_______ _______
Net assets 4,146 6,516
_______ _______
Capital and reserves
Called up share capital 1,002 1,002
Profit and loss account 3,144 5,514
_______ _______
Shareholder funds 4,146 6,516
_______ _______
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.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Income Statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 24 March 2025 , and are signed on behalf of the board by:
John Russell Forde
Director
Smart Planning Limited
Notes to the financial statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Old School House, Rettendon Turnpike, Battlesbridge, Essex, SS11 7QL.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - 2 % straight line
Fittings fixtures and equipment - 20 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 13 (2023: 13 ).
5. Tangible assets
Freehold property Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 292,359 182,053 6,146 480,558
Additions - 1,422 - 1,422
_______ _______ _______ _______
At 31 December 2024 292,359 183,475 6,146 481,980
_______ _______ _______ _______
Depreciation
At 1 January 2024 48,726 157,013 5,206 210,945
Charge for the year 5,847 4,859 235 10,941
_______ _______ _______ _______
At 31 December 2024 54,573 161,872 5,441 221,886
_______ _______ _______ _______
Carrying amount
At 31 December 2024 237,786 21,603 705 260,094
_______ _______ _______ _______
At 31 December 2023 243,633 25,040 940 269,613
_______ _______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 123,189 50,105
Other debtors 95,315 80,733
_______ _______
218,504 130,838
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 35,212 20,821
Trade creditors 67,312 47,511
Corporation tax 13,251 14,330
Social security and other taxes 48,519 76,632
Other creditors 316,588 223,159
_______ _______
480,882 382,453
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 5,252 15,723
_______ _______
9. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
John Russell Forde ( 196,952) ( 93,476) ( 290,428)
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
John Russell Forde ( 113,540) ( 83,412) ( 196,952)
_______ _______ _______