REGISTERED NUMBER: 13091168 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

SMART AUTHENTICATION LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

N R Corbett

C K Dobson

R A Fulton

R V Warman

E J May

Secretary:

N R Corbett

Registered office:

3rd Floor

86-90 Paul Street

London

EC2A 4NE

Registered number:

13091168 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69 - 73 Theobalds Road

London

WC1X 8TA

Current assets

Debtors

4

725

725

Cash at bank

40

20

765

745

Creditors

Amounts falling due within one year

5

13,947

5,770

Net current liabilities

(13,182

)

(5,025

)

Total assets less current liabilities

(13,182

)

(5,025

)

Capital and reserves

Called up share capital

6

1,000

1,000

Retained earnings

(14,182

)

(6,025

)

Shareholders' funds

(13,182

)

(5,025

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

N R Corbett - Director

1.	Statutory information

Smart Authentication Ltd 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.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation

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

Current 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.

Going concern

The financial statement have been prepared on the going concern basis. The directors have reviewed the company's cashflows over the next twelve months from the date of signing the financial statements and considers that, based on the continued support of the directors, the company will be able to meet its debts as and when they fall due.

3.	Employees and directors

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

4.

Debtors: amounts falling due within one year

2024

2023

£

£

Other debtors

725

725

5.

Creditors: amounts falling due within one year

2024

2023

£

£

Other creditors

13,947

5,770

6.	Called up share capital

Allotted and issued:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Called up share capital

1

1,000

1,000