REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2022 |
FOR |
SMARTLOUVRE TECHNOLOGY LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2022 |
FOR |
SMARTLOUVRE TECHNOLOGY LIMITED |
SMARTLOUVRE TECHNOLOGY LIMITED (REGISTERED NUMBER: 03671995) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 DECEMBER 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
SMARTLOUVRE TECHNOLOGY LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 DECEMBER 2022 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
and Chartered Tax Advisers |
Larch House |
Parklands Business Park |
Denmead |
Hampshire |
PO7 6XP |
SMARTLOUVRE TECHNOLOGY LIMITED (REGISTERED NUMBER: 03671995) |
BALANCE SHEET |
30 DECEMBER 2022 |
30.12.22 | 30.12.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges his 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. |
SMARTLOUVRE TECHNOLOGY LIMITED (REGISTERED NUMBER: 03671995) |
BALANCE SHEET - continued |
30 DECEMBER 2022 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved and authorised for issue by the director and authorised for issue on |
SMARTLOUVRE TECHNOLOGY LIMITED (REGISTERED NUMBER: 03671995) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 DECEMBER 2022 |
1. | STATUTORY INFORMATION |
Smartlouvre Technology Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements show a net current liability and a net liability position at the balance sheet date. This position is due to amounts owed to a connected company. The connected company has agreed not to seek repayment of the money owed unless the company has sufficient funds to do so. The director, on this basis, has prepared the financial statements on the going concern basis. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
Stocks of raw materials and work in progress are valued at the lower of cost and net realisable value. The cost of raw materials is calculated on a first in first out basis. Cost of work in progress includes all direct expenditure and an appropriate proportion of fixed and variable overheads. Net realisable value is the estimated proceeds from the sale of stock less all further costs to completion and less all costs to be incurred in marketing, selling and distributing directly related to the item in question. |
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. |
SMARTLOUVRE TECHNOLOGY LIMITED (REGISTERED NUMBER: 03671995) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 DECEMBER 2022 |
2. | ACCOUNTING POLICIES - continued |
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. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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 |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 31 December 2021 |
and 30 December 2022 |
AMORTISATION |
At 31 December 2021 |
Charge for year |
At 30 December 2022 |
NET BOOK VALUE |
At 30 December 2022 |
At 30 December 2021 |
SMARTLOUVRE TECHNOLOGY LIMITED (REGISTERED NUMBER: 03671995) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 DECEMBER 2022 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 31 December 2021 |
Additions |
At 30 December 2022 |
DEPRECIATION |
At 31 December 2021 |
Charge for year |
At 30 December 2022 |
NET BOOK VALUE |
At 30 December 2022 |
At 30 December 2021 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.12.22 | 30.12.21 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.12.22 | 30.12.21 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.12.22 | 30.12.21 |
£ | £ |
Bank loans |
Bank loans included above represents a Bounce Back loan. |
SMARTLOUVRE TECHNOLOGY LIMITED (REGISTERED NUMBER: 03671995) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 DECEMBER 2022 |
9. | RELATED PARTY DISCLOSURES |
During the year the company received management and other recharges from a company under common control totalling £6,600 (30.12.21: £6,600). |
The aggregate amount owed to the director at the balance sheet date is £2,773 (30.12.21: £3,647). |
The aggregate amount due to a company under common control at the balance sheet date is £930,534 (30.12.21: £998,918). |
10. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |