Company Registration No. 10396433 (England and Wales)
Smart Brick Limited
Unaudited accounts
for the year ended 30 September 2024
Smart Brick Limited
Unaudited accounts
Contents
Smart Brick Limited
Company Information
for the year ended 30 September 2024
Director
MrWaleed Al-Singary
Company Number
10396433 (England and Wales)
Registered Office
44 LAVINGTON ROAD
BROADWATER
WORTHING
BN14 7SN
ENGLAND
Accountants
Maxwell-Gumbleton & Co.
1 West Street
Lewes
East Sussex
BN7 2NZ
Smart Brick Limited
Statement of financial position
as at 30 September 2024
Investment property
920,000
880,000
Cash at bank and in hand
416,659
47,386
Creditors: amounts falling due within one year
(1,004,001)
(653,593)
Net current liabilities
(581,160)
(600,475)
Total assets less current liabilities
338,840
279,525
Provisions for liabilities
Deferred tax
(70,739)
(60,739)
Net assets
268,101
218,786
Called up share capital
1,000
1,000
Profit and loss account
267,101
217,786
Shareholders' funds
268,101
218,786
For the year ending 30 September 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 6 June 2025 and were signed on its behalf by
MrWaleed Al-Singary
Director
Company Registration No. 10396433
Smart Brick Limited
Notes to the Accounts
for the year ended 30 September 2024
Smart Brick Limited is a private company, limited by shares, registered in England and Wales, registration number 10396433. The registered office is 44 LAVINGTON ROAD, BROADWATER, WORTHING, BN14 7SN, ENGLAND.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover represents the total value of rents receivable during the year and derives from the provision of services falling within the company's ordinary activities.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
not depreciated
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 October 2023
880,000
Net gain from fair value adjustments
40,000
At 30 September 2024
920,000
The Investment properties were valued by the director, on an open market value basis.
Smart Brick Limited
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
1,000,814
650,814
Loans from directors
1,637
1,229
7
Deferred taxation
2024
2023
Revaluation of land and buildings
70,739
60,739
Provision at start of year
60,739
-
Charged to the profit and loss account
10,000
60,739
Provision at end of year
70,739
60,739
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
The immediate parent company and also the ultimate parent undertaking is Al-Singary Medical Limited, a company incorporated in the United Kingdom, into which the results of the company are consolidated. The ultimate controlling party of Al-Singary Medical Limited is Waleed Al-Singary.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).