Company Registration No. 09981623 (England and Wales)
SmarterQueue Ltd
Unaudited accounts
for the year ended 28 February 2026
SmarterQueue Ltd
Company Information
for the year ended 28 February 2026
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
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 2026
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 2026 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 loss 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
22 October 2026
SmarterQueue Ltd
Statement of financial position
as at 28 February 2026
Tangible assets
44,189
50,917
Investments
152,292
122,715
Cash at bank and in hand
560,731
851,216
Creditors: amounts falling due within one year
(43,738)
(77,627)
Net current assets
552,967
795,610
Total assets less current liabilities
749,448
969,242
Provisions for liabilities
Deferred tax
(11,047)
(9,674)
Net assets
738,401
959,568
Called up share capital
1
1
Profit and loss account
738,400
959,567
Shareholders' funds
738,401
959,568
For the year ending 28 February 2026 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 22 October 2026 and were signed on its behalf by
Claude Schneider
Director
Company Registration No. 09981623
SmarterQueue Ltd
Notes to the Accounts
for the year ended 28 February 2026
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.
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.
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.
The accounts are presented in £ sterling.
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.
Expenditure on research and development is written off in the year in which it is incurred.
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 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%
SmarterQueue Ltd
Notes to the Accounts
for the year ended 28 February 2026
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 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 2025
5,914
60,450
9,074
75,438
At 28 February 2026
5,914
60,450
11,305
77,669
At 1 March 2025
3,253
17,631
3,637
24,521
Charge for the year
1,183
6,045
1,731
8,959
At 28 February 2026
4,436
23,676
5,368
33,480
At 28 February 2026
1,478
36,774
5,937
44,189
At 28 February 2025
2,661
42,819
5,437
50,917
5
Investments
Other investments
Valuation at 1 March 2025
122,715
Fair value adjustments
29,577
Valuation at 28 February 2026
152,292
Amounts falling due within one year
Amounts due from group undertakings etc.
15,475
15,475
Other debtors
11,381
6,546
SmarterQueue Ltd
Notes to the Accounts
for the year ended 28 February 2026
7
Creditors: amounts falling due within one year
2026
2025
Trade creditors
12,816
20,790
Taxes and social security
-
4,042
Loans from directors
10,621
9,622
The director's loan account is non-interest bearing and repayable on demand.
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 (2025: 1).