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Company Registration No. 09981623 (England and Wales)
SmarterQueue Ltd Unaudited accounts for the year ended 28 February 2025
SmarterQueue Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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SmarterQueue Ltd Company Information for the year ended 28 February 2025
Director
Claude Schneider
Company Number
09981623 (England and Wales)
Registered Office
27 Old Gloucester Street London WC1N 3AX
Accountants
Barnes & Scott 86-90 Paul Street London EC2A 4NE
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of SmarterQueue Ltd for the year ended 28 February 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SmarterQueue Ltd for the year ended 28 February 2025 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of SmarterQueue Ltd, as a body, in accordance with the terms of our engagement letter dated 3 September 2019. Our work has been undertaken solely to prepare for your approval the accounts of SmarterQueue Ltd and state those matters that we have agreed to state to the Board of Directors of SmarterQueue Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SmarterQueue Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SmarterQueue Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SmarterQueue Ltd. You consider that SmarterQueue Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SmarterQueue Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Barnes & Scott Chartered Accountants 86-90 Paul Street London EC2A 4NE 6 November 2025
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SmarterQueue Ltd Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
50,917
55,773
Investments
5
122,715
80,425
173,632
136,198
Current assets
Debtors
6
22,021
18,279
Cash at bank and in hand
851,216
956,080
873,237
974,359
Creditors: amounts falling due within one year
7
(77,627)
(81,682)
Net current assets
795,610
892,677
Total assets less current liabilities
969,242
1,028,875
Provisions for liabilities
Deferred tax
(9,674)
(12,270)
Net assets
959,568
1,016,605
Capital and reserves
Called up share capital
8
1
1
Profit and loss account
959,567
1,016,604
Shareholders' funds
959,568
1,016,605
For the year ending 28 February 2025 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 November 2025 and were signed on its behalf by
Claude Schneider Director Company Registration No. 09981623
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SmarterQueue Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
SmarterQueue Ltd is a private company, limited by shares, registered in England and Wales, registration number 09981623. The registered office is 27 Old Gloucester Street, London, WC1N 3AX.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Presentation currency
The accounts are presented in £ sterling.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Investments
Investments in listed equities are shown at fair value.
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:
Plant & machinery
Straight line method - 20%
Motor vehicles
Straight line method - 10%
Computer equipment
Straight line method - 25%
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SmarterQueue Ltd Notes to the Accounts for the year ended 28 February 2025
Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.
Deferred taxation
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.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
5,914
60,450
6,080
72,444
Additions
-
-
6,002
6,002
Disposals
-
-
(3,008)
(3,008)
At 28 February 2025
5,914
60,450
9,074
75,438
Depreciation
At 1 March 2024
2,070
11,586
3,015
16,671
Charge for the year
1,183
6,045
497
7,725
On disposals
-
-
125
125
At 28 February 2025
3,253
17,631
3,637
24,521
Net book value
At 28 February 2025
2,661
42,819
5,437
50,917
At 29 February 2024
3,844
48,864
3,065
55,773
5
Investments
Other investments
£
Valuation at 1 March 2024
80,425
Additions
7,808
Fair value adjustments
34,482
Valuation at 28 February 2025
122,715
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Amounts due from group undertakings etc.
15,475
13,502
Other debtors
6,546
4,777
22,021
18,279
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SmarterQueue Ltd Notes to the Accounts for the year ended 28 February 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
16,489
9,659
Trade creditors
20,790
13,990
Taxes and social security
4,042
18,136
Loans from directors
9,622
9,347
Accruals
26,684
30,550
77,627
81,682
The director's loan account is non-interest bearing and repayable on demand.
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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