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REGISTERED NUMBER: 05568065 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Smart System Limited

Smart System Limited (Registered number: 05568065)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Smart System Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: M Kuziuta





SECRETARY: Mrs M Kuziuta





REGISTERED OFFICE: 110 Carlton Avenue East
Wembley
Middlesex
HA9 8LY





REGISTERED NUMBER: 05568065 (England and Wales)

Smart System Limited (Registered number: 05568065)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 4,311 4,311

CURRENT ASSETS
Debtors 5 142,384 142,384
Cash at bank 57,779 57,779
200,163 200,163
CREDITORS
Amounts falling due within one year 6 147,946 147,946
NET CURRENT ASSETS 52,217 52,217
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,528

56,528

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 56,428 56,428
SHAREHOLDERS' FUNDS 56,528 56,528

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 director acknowledges his 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.

Smart System Limited (Registered number: 05568065)

Balance Sheet - continued
30 September 2024


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 director and authorised for issue on 20 June 2025 and were signed by:





M Kuziuta - Director


Smart System Limited (Registered number: 05568065)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Smart System 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 NIL (2023 - NIL).

Smart System Limited (Registered number: 05568065)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023
and 30 September 2024 13,964 15,169 7,377 13,601 50,111
DEPRECIATION
At 1 October 2023
and 30 September 2024 12,134 14,339 7,259 12,068 45,800
NET BOOK VALUE
At 30 September 2024 1,830 830 118 1,533 4,311
At 30 September 2023 1,830 830 118 1,533 4,311

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 72,678 72,678
Other debtors 69,706 69,706
142,384 142,384

Included in other debtors are amounts in respect of work carried out but not billed.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 593 593
Tax 31,031 31,031
Social security and other taxes 18,507 18,507
VAT 22,598 22,598
Directors' loan accounts 54,685 54,685
Accruals and deferred income 20,532 20,532
147,946 147,946

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director.