Company Registration No. 13029676 (England and Wales)
Smart Circuit Solutions Ltd
Unaudited accounts
for the year ended 31 October 2025
Smart Circuit Solutions Ltd
Statement of financial position
as at 31 October 2025
Cash at bank and in hand
307
2,924
Creditors: amounts falling due within one year
(25,958)
(42,927)
Net current liabilities
(17,095)
(36,656)
Net liabilities
(17,095)
(11,596)
Called up share capital
100
100
Profit and loss account
(17,195)
(11,696)
Shareholders' funds
(17,095)
(11,596)
For the year ending 31 October 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 26 July 2026 and were signed on its behalf by
Siavash Esfahani
Director
Company Registration No. 13029676
Smart Circuit Solutions Ltd
Notes to the Accounts
for the year ended 31 October 2025
Smart Circuit Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 13029676. The registered office is 28 High Street, Bidford-on-Avon, Alcester, Warks, B50 4AA, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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:
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.
Smart Circuit Solutions Ltd
Notes to the Accounts
for the year ended 31 October 2025
4
Tangible fixed assets
Motor vehicles
Amounts falling due within one year
Deferred tax asset
8,556
3,347
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
108
118
Loans from directors
24,885
42,018
7
Deferred taxation
2025
2024
Accelerated capital allowances
-
(3,347)
Tax losses carried forward
(8,556)
-
Provision at start of year
(3,347)
-
Credited to the profit and loss account
(5,209)
(3,347)
Provision at end of year
(8,556)
(3,347)
Smart Circuit Solutions Ltd
Notes to the Accounts
for the year ended 31 October 2025
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Post balance sheet events
It is the intention of the owner of Smart Circuit Solutions Ltd to cease trading and to apply for the company to be dissolved immediately after the Balance Sheet date of 31 October 2025.
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).