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REGISTERED NUMBER: 08674617 (England and Wales)










SMART BI CONSULTING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






SMART BI CONSULTING LIMITED (REGISTERED NUMBER: 08674617)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SMART BI CONSULTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr P S S Hayer
Mr B S Hayer





REGISTERED OFFICE: Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB





REGISTERED NUMBER: 08674617 (England and Wales)





ACCOUNTANTS: Shah & Co (Accountants) Ltd
Chartered Certified Accountants
Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB

SMART BI CONSULTING LIMITED (REGISTERED NUMBER: 08674617)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,914 4,605

CURRENT ASSETS
Debtors 5 1,082,216 913,951
Cash at bank 14,987 11,842
1,097,203 925,793
CREDITORS
Amounts falling due within one year 6 (182,097 ) (172,863 )
NET CURRENT ASSETS 915,106 752,930
TOTAL ASSETS LESS CURRENT
LIABILITIES

919,020

757,535

CAPITAL AND RESERVES
Called up share capital 7 540 540
Retained earnings 8 918,480 756,995
SHAREHOLDERS' FUNDS 919,020 757,535

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2025 and were signed on its behalf by:





Mr P S S Hayer - Director


SMART BI CONSULTING LIMITED (REGISTERED NUMBER: 08674617)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Smart BI Consulting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

SMART BI CONSULTING LIMITED (REGISTERED NUMBER: 08674617)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 392 8,058 8,450
DEPRECIATION
At 1 October 2023 151 3,694 3,845
Charge for year 36 655 691
At 30 September 2024 187 4,349 4,536
NET BOOK VALUE
At 30 September 2024 205 3,709 3,914
At 30 September 2023 241 4,364 4,605

5. DEBTORS
30.9.24 30.9.23
£    £   
Amounts falling due within one year:
Other debtors 1,654 1,654

Amounts falling due after more than one year:
Other debtors 1,080,562 912,297

Aggregate amounts 1,082,216 913,951

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Taxation and social security 143,678 144,767
Other creditors 38,419 28,096
182,097 172,863

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:


No.

Class
Nominal
Value

30.09.2020

30.09.2019
500 Ordinary Shares £1 £500 £500
10 'A' Ordinary Shares £1 £10 £10
10 'B' Ordinary Shares £1 £10 £10
20 'C' Ordinary Shares £1 £20 £20

SMART BI CONSULTING LIMITED (REGISTERED NUMBER: 08674617)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. RESERVES
Retained
earnings
£   

At 1 October 2023 756,995
Profit for the year 162,485
Dividends (1,000 )
At 30 September 2024 918,480

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within the other creditors, the amount owed to the director is £ 33,891 (2023: £ 24,784). The amount is non interest bearing and has no fixed date of repayment.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 (2023 - £46,440) were paid to the directors .

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr P S S Hayer.