SMART INSIGHT LIMITED - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 05236550 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

SMART INSIGHT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R W Lloyd

Mrs T - J Lloyd

SECRETARY:

Mrs T - J Lloyd

REGISTERED OFFICE:

The Edge

Bucklands End

Nailsea

Bristol

North Somerset

BS48 4PN

REGISTERED NUMBER:

05236550 (England and Wales)

ACCOUNTANTS:

Douglas Crook Accountancy Services

92 Nore Road

Portishead

Bristol

BS20 8DX

FIXED ASSETS

Tangible assets

4

18,823

25,096

Investments

5

94,947

98,981

113,770

124,077

CURRENT ASSETS

Debtors

6

72,919

40,352

Cash at bank

74,603

68,620

147,522

108,972

CREDITORS

Amounts falling due within one year

7

73,910

67,562

NET CURRENT ASSETS

73,612

41,410

TOTAL ASSETS LESS CURRENT LIABILITIES

187,382

165,487

CREDITORS

Amounts falling due after more than one year

8

40,726

53,452

NET ASSETS

146,656

112,035

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

145,656

111,035

146,656

112,035

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 14 December 2023 and were signed on its behalf by:

R W Lloyd - Director

1.	STATUTORY INFORMATION

SMART INSIGHT 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

and 31 March 2023

34,179

DEPRECIATION

At 1 April 2022

9,083

Charge for year

6,273

At 31 March 2023

15,356

NET BOOK VALUE

At 31 March 2023

18,823

At 31 March 2022

25,096

5.	FIXED ASSET INVESTMENTS

Value of listed investments as at 31 March 2023 were £94947 after revaluations.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

72,919

40,352

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

9,000

9,000

Hire purchase contracts

3,977

3,977

Trade creditors

1,214

1,200

Taxation and social security

46,371

36,779

Other creditors

13,348

16,606

73,910

67,562

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

21,296

30,044

Hire purchase contracts

19,430

23,408

40,726

53,452