REGISTERED NUMBER: 06837634 (England and Wales)

SMART AUDIO VISUAL SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

17,265

20,665

17,265

20,665

CURRENT ASSETS

Debtors

6

62,598

49,269

Cash at bank

-

2,314

62,598

51,583

CREDITORS

Amounts falling due within one year

7

61,279

37,617

NET CURRENT ASSETS

1,319

13,966

TOTAL ASSETS LESS CURRENT LIABILITIES

18,584

34,631

CREDITORS

Amounts falling due after more than one year

8

27,228

32,932

PROVISIONS FOR LIABILITIES

1,188

1,700

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

(9,932

)

(101

)

SHAREHOLDERS' FUNDS

(9,832

)

(1

)

18,584

34,631

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 17 October 2025 and were signed on its behalf by:

D L Chapman - Director

1.	STATUTORY INFORMATION

Smart Audio Visual Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06837634

Registered office:

7-8

Portmill Lane

Hitchin

Hertfordshire

SG5 1DJ

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.

Going concern

The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover

Turnover is derived from Installation of audio visual and video conference systems. Turnover is recorded at the fair value of the consideration received or receivable, and excludes value added tax and rebates.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of one years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures, fittings & office equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 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 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

800

AMORTISATION

At 1 May 2024

and 30 April 2025

800

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

& office

Motor

equipment

vehicles

Totals

£

£

£

COST

At 1 May 2024

51,969

9,200

61,169

Additions

1,979

-

1,979

At 30 April 2025

53,948

9,200

63,148

DEPRECIATION

At 1 May 2024

38,201

2,303

40,504

Charge for year

3,655

1,724

5,379

At 30 April 2025

41,856

4,027

45,883

NET BOOK VALUE

At 30 April 2025

12,092

5,173

17,265

At 30 April 2024

13,768

6,897

20,665

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,976

15,774

Other debtors

55,622

33,495

62,598

49,269

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

20,863

4,768

Trade creditors

-

6,599

Taxation and social security

18,897

20,727

Other creditors

21,519

5,523

61,279

37,617

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

27,228

32,932

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

6,320

12,623

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100

10.

RESERVES

Retained

earnings

£

At 1 May 2024

(101

)

Profit for the year

21,069

Dividends

(30,900

)

At 30 April 2025

(9,932

)

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

2025

2024

£

£

D L Chapman

Balance outstanding at start of year

14,387

14,785

Amounts advanced

29,636

18,602

Amounts repaid

(15,450

)

(19,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

28,573

14,387

P A Arnold

Balance outstanding at start of year

16,751

13,182

Amounts advanced

22,627

22,569

Amounts repaid

(15,450

)

(19,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

23,928

16,751

During the year interest was paid amounting to £697 (2024: £287) in respect of the director's loan account.

Interest is charged at the official rate on an annual basis and there are no repayment terms.