Just Smart Thinking Limited Filleted accounts for Companies House (small and micro)

JUST SMART THINKING LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: SC493145

Just Smart Thinking Limited

Filleted Unaudited Financial Statements

For the year ended

31 December 2020

Just Smart Thinking Limited

Statement of Financial Position

31 December 2020

	2020	2019
Note	£	£

Current assets

Cash at bank and in hand	1,291	1,506

Creditors: amounts falling due within one year	5	21,721	20,450
		--------	--------
Net current liabilities		20,430	18,944
		--------	--------
Total assets less current liabilities		( 20,430)	( 18,944)
		--------	--------
Net liabilities		( 20,430)	( 18,944)
		--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 20,530)	( 19,044)
	--------	--------
Shareholders deficit	( 20,430)	( 18,944)
	--------	--------

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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 26 September 2021 , and are signed on behalf of the board by:

Mr A Murtagh
Director

Company registration number: SC493145

Just Smart Thinking Limited

Notes to the Financial Statements

Year ended 31 December 2020

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is c/o Nelson Gilmour Smith, Mercantile Chambers, 53 Bothwell Street, Glasgow, G2 6TB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2019: 1 ).

5. Creditors: amounts falling due within one year

	2020	2019
	£	£
Other creditors	21,721	20,450
	--------	--------

6. Related party transactions

The company was under the control of Mr Murtagh throughout the current period. Mr Murtagh is the managing director and sole shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.