SME ANALYTICS & TECHNOLOGIES LIMITED - Accounts

SME ANALYTICS & TECHNOLOGIES LIMITED - Accounts

SME ANALYTICS & TECHNOLOGIES LIMITED - Company Information

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Registered Number: 12592114
England and Wales

 

 

 

SME ANALYTICS & TECHNOLOGIES LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 June 2022

End date: 31 December 2022

SME ANALYTICS & TECHNOLOGIES LIMITED
Contents Page
For the period ended 31 December 2022
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 December 2022 . 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 December 2022



....................................................
S0LUTI0NS OFR LTD
1 St James Close
Baildon
Bradford
BD17 6HF
03 August 2023
1
 
 		 Notes
 		 2022
£		   2022
£
Fixed assets      
Intangible fixed assets 3 1,640,710    1,550,317 
1,640,710    1,550,317 
Current assets      
Debtors 3,389    200 
Cash at bank and in hand 642    423 
4,031    623 
Creditors: amount falling due within one year (2,374,354)   (1,708,218)
Net current liabilities (2,370,323)   (1,707,595)
 
Total assets less current liabilities (729,613)   (157,278)
Net liabilities (729,613)   (157,278)
 

Capital and reserves 		     
Called up share capital 200    200 
Special Reserves 4 1,108,926    1,108,926 
Profit and loss account (1,838,739)   (1,266,404)
Shareholder's funds (729,613)   (157,278)
 


For the period ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 board of directors on 03 August 2023 and were signed on its behalf by:


-------------------------------
James Kaberry
Director
2
General Information
SME ANALYTICS & TECHNOLOGIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12592114, registration address 5th Floor, 101 Wigmore Street, LONDON, W1U 1QU.

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 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.
Intellectual Property
Acquired IP is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the IP 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 0 (2022 : 0).
3.

Intangible fixed assets

Cost Other   Total
  £   £
At 01 June 2022 2,227,822    2,227,822 
Additions 375,419    375,419 
Disposals -    - 
At 31 December 2022 2,603,241    2,603,241 
Amortisation
At 01 June 2022 677,505    677,505 
Charge for period 285,026    285,026 
On disposals -    - 
At 31 December 2022 962,531    962,531 
Net book values
At 31 December 2022 1,640,710    1,640,710 
At 31 May 2022 1,550,317    1,550,317 


4.

Special Reserves

2022
£		   2022
£
Capital Contribution from SMESH 1,108,926    1,108,926 
1,108,926    1,108,926 

3