Smart It Resources Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 04253465 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 July 2023

for

SMART IT RESOURCES LIMITED

Page

Company Information

1

Report of the Accountants

2

Abridged Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

Mr D R McCain

Mr D R McCain

REGISTERED OFFICE:

4th Floor

Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

REGISTERED NUMBER:

04253465 (England and Wales)

ACCOUNTANTS:

Nyman Linden, a division of JSA Services

4th Floor, Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 July 2023 set out on pages three to five and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Nyman Linden, a division of JSA Services

4th Floor, Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

Date: .............................................

CURRENT ASSETS

Debtors

14,572

30,885

Cash at bank

296

-

14,868

30,885

CREDITORS

Amounts falling due within one year

(3,091

)

(1,568

)

NET CURRENT ASSETS

11,777

29,317

TOTAL ASSETS LESS CURRENT LIABILITIES

11,777

29,317

CAPITAL AND RESERVES

Called up share capital

6

200

200

Retained earnings

11,577

29,117

SHAREHOLDERS' FUNDS

11,777

29,317

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 July 2023 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2023 and were signed on its behalf by:

Mr D R McCain - Director

1.	STATUTORY INFORMATION

Smart It Resources Limited 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 29 July 2022

and 28 July 2023

9,593

DEPRECIATION

At 29 July 2022

and 28 July 2023

9,593

NET BOOK VALUE

At 28 July 2023

-

At 28 July 2022

-

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

200

Ordinary

£1

200

200

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 July 2023 and 28 July 2022:

2023

2022

£

£

Mr D R McCain

Balance outstanding at start of year

17,100

17,654

Amounts advanced

724

944

Amounts repaid

(20,915

)

(1,498

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(3,091

)

17,100

8.	RELATED PARTY DISCLOSURES

Other debtors includes Accountancy fees paid of £8,227 on behalf of Gill's Independent Eye care limited in which t Mr David McCain is a director and a significant shareholder.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr D R McCain.

The ultimate controlling party is Mr D R McCain.