SO SMART MEDIA LIMITED

SO SMART MEDIA LIMITED

SO SMART MEDIA LIMITED - Company Information

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SO SMART MEDIA LIMITED

Company Registration Number:
03727318 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

SO SMART MEDIA LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

SO SMART MEDIA LIMITED

Balance sheet

As at 31 March 2023


Notes
2023
2022


£
£
Fixed assets
Tangible assets: 3 3,785 4,649
Total fixed assets: 3,785 4,649
Current assets
Debtors:   30,261 27,677
Cash at bank and in hand: 53,312 54,575
Total current assets: 83,573 82,252
Creditors: amounts falling due within one year: 4 (30,549) (54,304)
Net current assets (liabilities): 53,024 27,948
Total assets less current liabilities: 56,809 32,597
Provision for liabilities: (935) (873)
Total net assets (liabilities): 55,874 31,724
Capital and reserves
Called up share capital: 3 3
Profit and loss account: 55,871 31,721
Shareholders funds: 55,874 31,724

The notes form part of these financial statements

SO SMART MEDIA LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 23 December 2023
and signed on behalf of the board by:

Name: T W HOPE
Status: Director

The notes form part of these financial statements

SO SMART MEDIA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the value of goods sold and services rendered, excluding VAT, up to the balance sheet date.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.Computer Equipment and Similar - 25% reducing balance basisFixtures, Fittings and Equipment - 25% reducing balance basis

Other accounting policies

Taxation:Taxation represents the sum of tax currently payable and deferred tax. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.Debtors and Creditors Receivable/Payable Within One Year:Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.Foreign Currencies:Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet. All differences are taken to the profit and loss account.

SO SMART MEDIA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

SO SMART MEDIA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 16,832
Additions 387
At 31 March 2023 17,219
Depreciation
At 01 April 2022 12,183
Charge for year 1,251
At 31 March 2023 13,434
Net book value
At 31 March 2023 3,785
At 31 March 2022 4,649

SO SMART MEDIA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Creditors: amounts falling due within one year note

There are no secured creditors.