Accounts Submission

Accounts Submission

SMARTER VENUES LIMITED - Company Information

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SMARTER VENUES LIMITED

Company Registration Number:
07376557 (England and Wales)

Unaudited statutory accounts for the year ended 29 July 2019

Period of accounts

Start date: 01 August 2018

End date: 29 July 2019

Page 1

SMARTER VENUES LIMITED

Contents of the Financial Statements

for the Period Ended 29 July 2019

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

Page 2

SMARTER VENUES LIMITED

Company Information

for the Period Ended 29 July 2019




Registered office: 10
Tiberius Road
Keynsham
Bristol
GBR
BS31 2FF
Company Registration Number: 07376557 (England and Wales)

Page 3

SMARTER VENUES LIMITED

Profit and Loss Account

for the Period Ended 29 July 2019


Notes
2019
£
2018
£
Turnover 1,193,028 1,445,385
Cost of sales (545,697) (1,303,369)
Gross Profit or (Loss) 647,331 142,016
Administrative Expenses (1,014,110) (1,110,302)
Operating Profit or (Loss) (366,779) (968,286)
Interest Payable and Similar Charges (1,809) (342,600)
Profit or (Loss) Before Tax (368,588) (1,310,886)
Tax on Profit (0) (0)
Profit or (Loss) for Period (368,588) (1,310,886)

The notes form part of these financial statements

Page 4

SMARTER VENUES LIMITED

Balance sheet

As at 29 July 2019


Notes
2019
£
2018
£
Fixed assets
Tangible assets: 4 41,615 83,842
Total fixed assets: 41,615 83,842
Current assets
Debtors: 5 203,902 212,177
Cash at bank and in hand: 30,725 71,829
Total current assets: 234,627 284,006
Prepayments and accrued income: 20,859 130,259
Creditors: amounts falling due within one year: 6 ( 244,156 ) ( 150,906 )
Net current assets (liabilities): 11,330 263,359
Total assets less current liabilities: 52,945 347,201
Creditors: amounts falling due after more than one year: 7 ( 2,385,000 ) ( 1,900,000 )
Provision for liabilities: ( 14,620 ) ( 2,773 )
Accruals and deferred income: ( 740,285 )
Total net assets (liabilities): ( 2,346,675 ) ( 2,295,857 )

The notes form part of these financial statements

Page 5

SMARTER VENUES LIMITED

Balance sheet continued

As at 29 July 2019


Notes
2019
£
2018
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: ( 2,346,775 ) ( 2,295,957 )
Shareholders funds: ( 2,346,675 ) ( 2,295,857 )

For the year ending 29 July 2019 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 15 May 2020
And Signed On Behalf Of The Board By:

Name: Corey Kirby
Status: Director

The notes form part of these financial statements

Page 6

SMARTER VENUES LIMITED

Notes to the Financial Statements

for the Period Ended 29 July 2019

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover represents amounts receivable for goods and services net of VAT and trade discounts

Page 7

SMARTER VENUES LIMITED

Notes to the Financial Statements

for the Period Ended 29 July 2019

  • 2. Employees


    2019
    2018
    Average number of employees during the period 8 5

Page 8

SMARTER VENUES LIMITED

Notes to the Financial Statements

for the Period Ended 29 July 2019

  • 3. Off balance sheet disclosure

    No

Page 9

SMARTER VENUES LIMITED

Notes to the Financial Statements

for the Period Ended 29 July 2019

4. Tangible assets

Fixtures & fittings Office equipment Total
Cost £ £ £
At 01 August 2018 3,516,423 169,526 3,685,949
Additions 6,299 5,895 12,194
Disposals - - -
Revaluations - - -
Transfers - - -
At 29 July 2019 3,522,722 175,421 3,698,143
Depreciation
At 01 August 2018 3,439,480 162,627 3,602,107
Charge for year 105 471 576
On disposals - - -
Other adjustments 53,845 - 53,845
At 29 July 2019 3,493,430 163,098 3,656,528
Net book value
At 29 July 2019 29,292 12,323 41,615
At 31 July 2018 76,943 6,899 83,842

Page 10

SMARTER VENUES LIMITED

Notes to the Financial Statements

for the Period Ended 29 July 2019

5. Debtors


2019
£
2018
£
Trade debtors 203,902 205,094
Other debtors 7,083
Total 203,902 212,177

Page 11

SMARTER VENUES LIMITED

Notes to the Financial Statements

for the Period Ended 29 July 2019

6.Creditors: amounts falling due within one year note


2019
£
2018
£
Trade creditors 244,156 150,906
Total 244,156 150,906

Page 12

SMARTER VENUES LIMITED

Notes to the Financial Statements

for the Period Ended 29 July 2019

7.Creditors: amounts falling due after more than one year


2019
£
2018
£
Other creditors 2,385,000 1,900,000
Total 2,385,000 1,900,000

Page 13