| Smartchoice Solutions International Limited |
| Registered Number:13018655 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2024
Smartchoice Solutions International Limited
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
Smartchoice Solutions International Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
2,817
5,271
2
2,817
5,271
| Trade and other receivables |
1,397,548
1,948,889
3
25,271
| Cash and cash equivalents |
129,996
2,078,885
1,422,819
| Trade and other payables: amounts falling due within one |
| year |
(1,380,518)
(2,054,096)
4
42,301
24,789
Net current assets
| Total assets less current liabilities |
27,606
47,572
(1,316)
(1,316)
| Provisions for liabilities |
26,290
Net assets
46,256
1
1
26,289
46,255
26,290
46,256
Shareholders' funds
| For the year ended 31 December 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 of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mr Gavin Peter Patrick Linehan Director |
| These financial statements were approved and authorised for issue by the Board on 24 September 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 December 2024
Smartchoice Solutions International Limited
Notes to the Financial Statements
Statutory Information
| Smartchoice Solutions International Limited is a private limited company, limited by shares, domiciled in England and |
| Wales, registration number 13018655. |
23 Porters Wood
St Albans
Hertfordshire
AL3 6PQ
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Property, plant and equipment
| Property, plant and equipment, 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
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Foreign currencies
| Transactions in foreign currencies are translated into sterling using the spot rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.At each year end foreign currency monetary items are translated using the closing rate |
Pension costs and other post-retirement benefits
| The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 December 2024
Smartchoice Solutions International Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
12,270
12,270
| Provision for depreciation and impairment |
6,999
Charge for year
2,454
9,453
2,817
5,271
| 3. Trade and other receivables |
2023
2024
517,544
628,342
1,431,345
769,206
1,397,548
1,948,889
| 4. Trade and other payables: amounts falling due within one year |
2023
2024
446,074
455,010
560,677
355,494
| Taxation and social security |
315,947
232,805
| Accruals and deferred income |
593,668
207,024
137,730
130,185
2,054,096
1,380,518
The bank overdrafts are secured by a fixed and floating charge.
| 5. Related party transactions |
At the year end the director owed the company £154,593 (2023: £154,593).
| 6. Average number of persons employed |
During the year the average number of employees was 0
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