Company Registration No. in England and Wales
15179433
SMART JOINERY LTD
UNAUDITED FINANCIAL STATEMENTS
31 October 2024
SMART JOINERY LTD
Registered number: 15179433
Balance Sheet
as at 31 October 2024
Notes 2024
£
Fixed assets
Tangible assets 3 114,112
Current assets
Debtors 4 26,901
Cash at bank and in hand 10,031
36,932
Creditors: amounts falling due within one year 5 3,700
Net current assets 40,632
Total assets less current liabilities 154,744
Creditors: amounts falling due after more than one year 6 (136,303)
Net assets 18,441
Capital and reserves
Called up share capital 100
Profit and loss account 18,341
Shareholder's funds 18,441
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Grzegorz Horodenski
Director
Approved by the board on 21 June 2025
SMART JOINERY LTD
Notes to the Accounts
for the period from 2 October 2023 to 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment Nil
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
No liability to corporation tax arose on ordinary activities for the period.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024
Number
Average number of persons employed by the company 0
3 Tangible fixed assets
Fixture, Fitting & Equipments
£
Cost
Additions 114,112
At 31 October 2024 114,112
Depreciation
At 31 October 2024 -
Net book value
At 31 October 2024 114,112
4 Debtors 2024
£
Trade debtors 21,901
Other debtors 5,000
26,901
5 Creditors: amounts falling due within one year 2024
£
Taxation and social security costs (1,496)
Other creditors (2,204)
(3,700)
6 Creditors: amounts falling due after one year 2024
£
Obligations under finance lease and hire purchase contracts 23,461
Intra-company loan 112,842
136,303
7 Controlling party
Smart Joinery Ltd is a wholly owned subsidiary of Smart Conversion Ltd.
The ultimate controlling parties are Mr Grzegorz Horodenski and Mrs Anna M Horodenska, who each hold a 50% shareholding in Smart Conversion Ltd. Accordingly, Mr Horodenski and Mrs Horodenska together exercise ultimate control over Smart Joinery Ltd.
8 Other information
SMART JOINERY LTD is a private company limited by shares and incorporated in England. Its registered office is:
KNIGHT CHADWICK
243 Elgin Avenue
London
W9 1NJ
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