SMART RESIDENTIAL LIMITED

SMART RESIDENTIAL LIMITED - Company Information

2022-04-012023-03-312023-03-31false05790827SMART RESIDENTIAL LIMITED2023-12-04iso4217:GBPxbrli:pure057908272022-04-01057908272023-03-31057908272022-04-012023-03-31057908272021-04-01057908272022-03-31057908272021-04-012022-03-3105790827bus:SmallEntities2022-04-012023-03-3105790827bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3105790827bus:FullAccounts2022-04-012023-03-3105790827bus:PrivateLimitedCompanyLtd2022-04-012023-03-3105790827core:WithinOneYear2023-03-3105790827core:AfterOneYear2023-03-3105790827core:WithinOneYear2022-03-3105790827core:AfterOneYear2022-03-3105790827core:ShareCapital2023-03-3105790827core:SharePremium2023-03-3105790827core:RevaluationReserve2023-03-3105790827core:OtherReservesSubtotal2023-03-3105790827core:RetainedEarningsAccumulatedLosses2023-03-3105790827core:ShareCapital2022-03-3105790827core:SharePremium2022-03-3105790827core:RevaluationReserve2022-03-3105790827core:OtherReservesSubtotal2022-03-3105790827core:RetainedEarningsAccumulatedLosses2022-03-3105790827core:LandBuildings2023-03-3105790827core:PlantMachinery2023-03-3105790827core:Vehicles2023-03-3105790827core:FurnitureFittings2023-03-3105790827core:OfficeEquipment2023-03-3105790827core:NetGoodwill2023-03-3105790827core:IntangibleAssetsOtherThanGoodwill2023-03-3105790827core:ListedExchangeTraded2023-03-3105790827core:UnlistedNon-exchangeTraded2023-03-3105790827core:LandBuildings2022-03-3105790827core:PlantMachinery2022-03-3105790827core:Vehicles2022-03-3105790827core:FurnitureFittings2022-03-3105790827core:OfficeEquipment2022-03-3105790827core:NetGoodwill2022-03-3105790827core:IntangibleAssetsOtherThanGoodwill2022-03-3105790827core:ListedExchangeTraded2022-03-3105790827core:UnlistedNon-exchangeTraded2022-03-3105790827core:LandBuildings2022-04-012023-03-3105790827core:PlantMachinery2022-04-012023-03-3105790827core:Vehicles2022-04-012023-03-3105790827core:FurnitureFittings2022-04-012023-03-3105790827core:OfficeEquipment2022-04-012023-03-3105790827core:NetGoodwill2022-04-012023-03-3105790827core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3105790827core:ListedExchangeTraded2022-04-012023-03-3105790827core:UnlistedNon-exchangeTraded2022-04-012023-03-3105790827core:MoreThanFiveYears2022-04-012023-03-3105790827core:Non-currentFinancialInstruments2023-03-3105790827core:Non-currentFinancialInstruments2022-03-3105790827dpl:CostSales2022-04-012023-03-3105790827dpl:DistributionCosts2022-04-012023-03-3105790827core:LandBuildings2022-04-012023-03-3105790827core:PlantMachinery2022-04-012023-03-3105790827core:Vehicles2022-04-012023-03-3105790827core:FurnitureFittings2022-04-012023-03-3105790827core:OfficeEquipment2022-04-012023-03-3105790827dpl:AdministrativeExpenses2022-04-012023-03-3105790827core:NetGoodwill2022-04-012023-03-3105790827core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3105790827dpl:GroupUndertakings2022-04-012023-03-3105790827dpl:ParticipatingInterests2022-04-012023-03-3105790827dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3105790827core:ListedExchangeTraded2022-04-012023-03-3105790827dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3105790827core:UnlistedNon-exchangeTraded2022-04-012023-03-3105790827dpl:CostSales2021-04-012022-03-3105790827dpl:DistributionCosts2021-04-012022-03-3105790827core:LandBuildings2021-04-012022-03-3105790827core:PlantMachinery2021-04-012022-03-3105790827core:Vehicles2021-04-012022-03-3105790827core:FurnitureFittings2021-04-012022-03-3105790827core:OfficeEquipment2021-04-012022-03-3105790827dpl:AdministrativeExpenses2021-04-012022-03-3105790827core:NetGoodwill2021-04-012022-03-3105790827core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3105790827dpl:GroupUndertakings2021-04-012022-03-3105790827dpl:ParticipatingInterests2021-04-012022-03-3105790827dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3105790827core:ListedExchangeTraded2021-04-012022-03-3105790827dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3105790827core:UnlistedNon-exchangeTraded2021-04-012022-03-3105790827core:NetGoodwill2023-03-3105790827core:IntangibleAssetsOtherThanGoodwill2023-03-3105790827core:LandBuildings2023-03-3105790827core:PlantMachinery2023-03-3105790827core:Vehicles2023-03-3105790827core:FurnitureFittings2023-03-3105790827core:OfficeEquipment2023-03-3105790827core:AfterOneYear2023-03-3105790827core:WithinOneYear2023-03-3105790827core:ListedExchangeTraded2023-03-3105790827core:UnlistedNon-exchangeTraded2023-03-3105790827core:ShareCapital2023-03-3105790827core:SharePremium2023-03-3105790827core:RevaluationReserve2023-03-3105790827core:OtherReservesSubtotal2023-03-3105790827core:RetainedEarningsAccumulatedLosses2023-03-3105790827core:NetGoodwill2022-03-3105790827core:IntangibleAssetsOtherThanGoodwill2022-03-3105790827core:LandBuildings2022-03-3105790827core:PlantMachinery2022-03-3105790827core:Vehicles2022-03-3105790827core:FurnitureFittings2022-03-3105790827core:OfficeEquipment2022-03-3105790827core:AfterOneYear2022-03-3105790827core:WithinOneYear2022-03-3105790827core:ListedExch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Registered Number
05790827
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

SMART RESIDENTIAL LIMITED

Company Information
for the year from 1 April 2022 to 31 March 2023


Director	SMART, William James Kaye


Registered Address	1 Welburn Drive
	Leeds
	LS16 5QD


Registered Number	05790827 (England and Wales)

SMART RESIDENTIAL LIMITED

Statement of Financial Position
31 March 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	7		111		147
			111		147
Current assets
Debtors	9	26,955		30,135
		26,955		30,135
Creditors amounts falling due within one year	10	(22,155)		(24,858)
Net current assets (liabilities)			4,800		5,277
Total assets less current liabilities			4,911		5,424
Creditors amounts falling due after one year	11		(13,733)		(13,739)
Net assets			(8,822)		(8,315)
Capital and reserves
Called up share capital			6		6
Profit and loss account			(8,828)		(8,321)
Shareholders' funds			(8,822)		(8,315)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Director on 4 December 2023, and are signed on its behalf by:

SMART, William James Kaye
Director
Registered Company No. 05790827

SMART RESIDENTIAL LIMITED

Notes to the Financial Statements
for the year ended 31 March 2023

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Principal activities
	The principal activity of the company continues to be that of construction and consultancy.

3.	Basis of measurement used in financial statements
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

4.	Accounting policies

	Functional and presentation currency policy
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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 rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

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 rendering of services.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Property, plant and equipment policy

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:

	Taxation policy
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Government grants and other government assistance policy
	Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.

Government grants and other government assistance policy

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. 

Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.

	Valuation of financial instruments policy
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Valuation of financial instruments policy

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

5.	Critical estimates and judgements
	In the application of the company's accounting policies, the director is required to make judgments, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical estimates and judgements

In the application of the company's accounting policies, the director is required to make judgments, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

6.	Employee information


		2023		2022
	Average number of employees during the year	1		1

7.	Property, plant and equipment

	Fixtures & fittings	Total
	£	£
Cost or valuation
At 01 April 22	1,294	1,294
At 31 March 23	1,294	1,294
Depreciation and impairment
At 01 April 22	1,147	1,147
Charge for year	36	36
At 31 March 23	1,183	1,183
Net book value
At 31 March 23	111	111
At 31 March 22	147	147

8.	Directors advances, credits and guarantees
	As at 31 March 2023, a director of the company owed the company £18,555. This was repaid to the company after the year-end. The amount is included within the "other debtors" note.

9.	Debtors

	2023	2022
	£	£
Other debtors	26,955	30,135
Total	26,955	30,135

10.	Creditors within one year

	2023	2022
	£	£
Bank borrowings and overdrafts	6,400	5,894
Taxation and social security	14,355	17,705
Other creditors	1,400	1,259
Total	22,155	24,858

11.	Creditors after one year

	2023	2022
	£	£
Bank borrowings and overdrafts	13,733	13,739
Total	13,733	13,739