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Registered Number: 08478125
England and Wales

 

 

 

SMART BITS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 May 2023

End date: 30 April 2024
Director Gurbir Singh
Registered Number 08478125
Registered Office 18 Brandan House
Sovereign Place, Harrow
England
HA1 2FN
Accountants 3E'S Accountants Limited
231 Kenton Road
Harrow
Middlesex
England
HA3 0HD
1
  2024   2023
    £ £   £ £
Fixed assets   2      2 
Current assets 64,133      63,037   
Creditors: amount falling due within one year (8,265)     (7,293)  
Net current assets   55,868      55,744 
Total assets less current liabilities   55,870      55,746 
Net assets   55,870      55,746 
 

         
Capital and reserves   55,870      55,746 
 
NOTES TO THE ACCOUNTS

General Information
Smart Bits Ltd is a private company, limited by shares, registered in England and Wales, registration number 08478125, registration address 18 Brandan House, Sovereign Place, Harrow, England, HA1 2FN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33.33% Straight Line
2.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 May 2023 2,977    2,977 
Additions  
Disposals  
At 30 April 2024 2,977    2,977 
Depreciation
At 01 May 2023 2,975    2,975 
Charge for year  
On disposals  
At 30 April 2024 2,975    2,975 
Net book values
Closing balance as at 30 April 2024 2    2 
Opening balance as at 01 May 2023 2    2 


3.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).


For the year ended 30 April 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 17 April 2025 and were signed by:


--------------------------------
Gurbir Singh
Director
2