Smarter Venues Limited
Smarter Venues Limited
Registered number: 07376557
Unaudited Financial Statements
For the Period
30 July 2019
to
31 December 2020
Smarter Venues Limited
Unaudited Financial Statements
For the Period
30 July 2019
to
31 December 2020
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—4 |
Smarter Venues Limited
Balance Sheet
As at
31 December 2020
Balance Sheet
Registered number:
07376557
For the period ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
31 December 2020 | 29 July 2019 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 3 |
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CURRENT ASSETS | |||||
Debtors | 4 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 5 |
( |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
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Creditors: Amounts Falling Due After More Than One Year | 6 |
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NET LIABILITIES |
( |
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CAPITAL AND RESERVES | |||||
Called up share capital | 7 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | (548,073) | (2,346,675) | |||
Page 1
Smarter Venues Limited
Balance Sheet (continued)
As at
31 December 2020
Directors' responsibilities
-
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges 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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Smarter Venues Limited
Notes to the Financial Statements
For the Period
30 July 2019
to
31 December 2020
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings |
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Computer Equipment |
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1.4.
Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 10 (2019: 8)
3.
Tangible Assets
Fixtures & Fittings | Computer Equipment | Total | |
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£ | £ | £ | |
Cost | |||
As at
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Additions |
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Disposals |
( |
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( |
As at
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Depreciation | |||
As at
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Provided during the period |
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Disposals |
( |
( |
( |
As at
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Net Book Value | |||
As at
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As at
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Page 3
Smarter Venues Limited
Notes to the Financial Statements (continued)
For the Period
30 July 2019
to
31 December 2020
4.
Debtors
31 December 2020 | 29 July 2019 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Amounts owed by group undertakings | 403,573 | - | |
Other debtors | 7,206 | 20,859 | |
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5.
Creditors: Amounts Falling Due Within One Year
31 December 2020 | 29 July 2019 | ||
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£ | £ | ||
Trade creditors |
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Bank loans and overdrafts |
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Amounts owed by group undertakings | 746,167 | - | |
Other creditors | 39,609 | 2,439 | |
Taxation and social security | 22,867 | 12,181 | |
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6.
Creditors: Amounts Falling Due After More Than One Year
31 December 2020 | 29 July 2019 | ||
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£ | £ | ||
Bank loans |
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Other creditors | - | 2,385,000 | |
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Page 4