So Smart Financial Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10175270 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

So Smart Financial Services Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

D A Jones

M A Mann

Secretary:

M A Mann

Registered office:

2nd Floor Poplar House

Park West Business Park

Sealand Road

Chester

CH1 4RN

Registered number:

10175270 (England and Wales)

Accountants:

Ellis & Co

Chartered Accountants

114-120 Northgate Street

Chester

CH1 2HT

Current assets

Debtors

4

110,568

110,000

Cash at bank

1,512

1,370

112,080

111,370

Creditors

Amounts falling due within one year

5

108,339

110,448

Net current assets

3,741

922

Total assets less current liabilities

3,741

922

Capital and reserves

Called up share capital

100

100

Retained earnings

3,641

822

Shareholders' funds

3,741

922

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 December 2020 and were signed on its behalf by:

D A Jones - Director

1.	Statutory information

So Smart Financial Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

3.	Employees and directors

The average number of employees during the year was 2 (2019 - 2 ) .

4.

Debtors: amounts falling due within one year

31/3/20

31/3/19

£

£

Other debtors

568

-

Prepayments and accrued income

110,000

110,000

110,568

110,000

5.

Creditors: amounts falling due within one year

31/3/20

31/3/19

£

£

Trade creditors

2,558

-

Tax

675

276

Other creditors

844

-

Accruals and deferred income

104,262

110,172

108,339

110,448