SME ANALYTICS & TECHNOLOGIES LIMITED - Accounts

SME ANALYTICS & TECHNOLOGIES LIMITED - Accounts

SME ANALYTICS & TECHNOLOGIES LIMITED - Company Information

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Registered Number: 12592114


 

 

 

SME ANALYTICS & TECHNOLOGIES LIMITED


Abridged Accounts
 


Period of accounts

Start date: 07 May 2020

End date: 31 May 2021

SME ANALYTICS & TECHNOLOGIES LIMITED
Contents Page
For the period ended 31 May 2021
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 May 2021 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
S0LUTI0NS OFR LTD
31 May 2021



....................................................
S0LUTI0NS OFR LTD
1 St James Close
Baildon
Bradford
BD17 6HF
23 August 2021
1
 
 		 Notes
 		 2021
£
Fixed assets    
Intangible fixed assets 1,318,633 
1,318,633 
Current assets    
Debtors 200 
Creditors: amount falling due within one year (769,619)
Net current liabilities (769,419)
 
Total assets less current liabilities 549,214 
Net assets 549,214 
 

Capital and reserves 		   
Called up share capital 200 
Special Reserves 1,108,926 
Profit and loss account (559,912)
Shareholders funds 549,214 
 


For the period ended 31 May 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 23 August 2021 and were signed by:


--------------------------------
James Kaberry
Director
2
General Information
SME ANALYTICS & TECHNOLOGIES LIMITED is a private company, limited by shares, registered in , registration number 12592114, registration address 8TH FLOOR, 1 KNIGHTSBRIDGE GREEN, LONDON, SW1X 7NE

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
Computer software development costs
Development costs of computer software are capitalised once a detailed program design has been established and are amortised on a straight line basis over 10 years.
2.

Average number of employees

Average number of employees during the period was 15.
3.

Intangible fixed assets

Cost Other   Goodwill   Total
  £   £   £
At 07 May 2020 -    -    - 
Additions 499,971    1,108,926    1,608,897 
Disposals -    -    - 
At 31 May 2021 499,971    1,108,926    1,608,897 
Amortisation
At 07 May 2020 -    -    - 
Charge for period 49,997    240,267    290,264 
On disposals -    -    - 
At 31 May 2021 49,997    240,267    290,264 
Net book values
At 31 May 2021 449,974    868,659    1,318,633 
At 06 May 2020 -    -    - 


4.

Special Reserves

2021
£
Capital Contribution from SMESH 1,108,926 
1,108,926 

3