Company Registration No. 07439269 (England and Wales)
Smart-Telecom Ltd
Unaudited accounts
for the year ended 31 May 2024
Smart-Telecom Ltd
Unaudited accounts
Contents
Smart-Telecom Ltd
Company Information
for the year ended 31 May 2024
Director
Mohammed Niraz Buhari
Company Number
07439269 (England and Wales)
Registered Office
ASHLEY COURT 32 MAIN STREET
ASHLEY
MARKET HARBOROUGH
LEICESTERSHIRE
LE16 8HF
UNITED KINGDOM
Accountants
Master Accounting Limited
The Stables, Ashley Court
32 Main Street, Ashley
Market Harborough
Leicestershire
LE16 8HF
Smart-Telecom Ltd
Statement of financial position
as at 31 May 2024
Intangible assets
10,004
10,004
Cash at bank and in hand
277
2,967
Creditors: amounts falling due within one year
(128,209)
(113,594)
Net current liabilities
(8,198)
(27,673)
Total assets less current liabilities
1,806
(17,669)
Creditors: amounts falling due after more than one year
(32,590)
(37,763)
Net liabilities
(30,784)
(55,432)
Called up share capital
2
2
Profit and loss account
(30,786)
(55,434)
Shareholders' funds
(30,784)
(55,432)
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 7 April 2025 and were signed on its behalf by
Mohammed Niraz Buhari
Director
Company Registration No. 07439269
Smart-Telecom Ltd
Notes to the Accounts
for the year ended 31 May 2024
Smart-Telecom Ltd is a private company, limited by shares, registered in England and Wales, registration number 07439269. The registered office is ASHLEY COURT 32 MAIN STREET, ASHLEY, MARKET HARBOROUGH, LEICESTERSHIRE, LE16 8HF, UNITED KINGDOM.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% - Straight line
Fixtures & fittings
20% - Straight line
Computer equipment
33% - Straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Smart-Telecom Ltd
Notes to the Accounts
for the year ended 31 May 2024
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
6,970
7,000
23,401
37,371
At 31 May 2024
6,970
7,000
23,401
37,371
At 1 June 2023
6,970
7,000
23,401
37,371
At 31 May 2024
6,970
7,000
23,401
37,371
Amounts falling due within one year
Other debtors
119,734
82,954
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,172
4,940
Trade creditors
10,000
10,000
Other creditors
93,996
80,141
Loans from directors
18,033
18,033
8
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).