Smartfix IT Limited Filleted Accounts Cover |
Company No. 04855443 | |||||||||
Smartfix IT Limited Directors Report Registrar |
The Director presents his report and the accounts for the year ended 31 August 2022. | |||||||||
Principal activities | |||||||||
Director | |||||||||
The Director who served at any time during the year was as follows: | |||||||||
R. James | |||||||||
Signed on behalf of the board | |||||||||
R. James | |||||||||
Director | |||||||||
26 May 2023 |
Smartfix IT Limited Balance Sheet Registrar |
at | ||||||||||
Company No. | Notes | 2022 | 2021 | |||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Tangible assets | 4 | |||||||||
Current assets | ||||||||||
Stocks | 5 | |||||||||
Debtors | 6 | |||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 7 | ( | ( | |||||||
Net current assets | ||||||||||
Total assets less current liabilities | ||||||||||
Net assets | ||||||||||
Capital and reserves | ||||||||||
Called up share capital | ||||||||||
Profit and loss account | 8 | |||||||||
Total equity | ||||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on 26 May 2023 | ||||||||||
And signed on its behalf by: | ||||||||||
R. James | ||||||||||
Director | ||||||||||
26 May 2023 |
Smartfix IT Limited Notes to the Accounts Registrar |
for the year ended 31 August 2022 | ||||||||||||||
1 | General information | |||||||||||||
Its registered number is: 04855443 | ||||||||||||||
Its registered office is: | ||||||||||||||
2 | Accounting policies | |||||||||||||
Turnover | ||||||||||||||
Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. | ||||||||||||||
Tangible fixed assets and depreciation | ||||||||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. | ||||||||||||||
Furniture, fittings and equipment | ||||||||||||||
Stocks | ||||||||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs. Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses. | ||||||||||||||
Trade and other debtors | ||||||||||||||
Trade and other creditors | ||||||||||||||
3 | Employees | |||||||||||||
2022 | 2021 | |||||||||||||
Number | Number | |||||||||||||
The average monthly number of employees (including directors) during the year was: | ||||||||||||||
4 | Tangible fixed assets | |||||||||||||
Fixtures, fittings and equipment | Total | |||||||||||||
£ | £ | |||||||||||||
Cost or revaluation | ||||||||||||||
At 1 September 2021 | ||||||||||||||
Additions | ||||||||||||||
At 31 August 2022 | ||||||||||||||
Depreciation | ||||||||||||||
At 1 September 2021 | ||||||||||||||
Charge for the year | ||||||||||||||
At 31 August 2022 | ||||||||||||||
Net book values | ||||||||||||||
At 31 August 2022 | ||||||||||||||
At 31 August 2021 | ||||||||||||||
5 | Stocks | |||||||||||||
2022 | 2021 | |||||||||||||
£ | £ | |||||||||||||
Finished goods | ||||||||||||||
6 | Debtors | |||||||||||||
2022 | 2021 | |||||||||||||
£ | £ | |||||||||||||
Trade debtors | ||||||||||||||
Prepayments and accrued income | ||||||||||||||
7 | Creditors: | |||||||||||||
amounts falling due within one year | ||||||||||||||
2022 | 2021 | |||||||||||||
£ | £ | |||||||||||||
Bank loans and overdrafts | ||||||||||||||
Trade creditors | ||||||||||||||
Corporation tax | ||||||||||||||
Other taxes and social security | ||||||||||||||
Loans from directors | ||||||||||||||
8 | Reserves | |||||||||||||
9 | Dividends | |||||||||||||
2022 | 2021 | |||||||||||||
£ | £ | |||||||||||||
Dividends for the period: | ||||||||||||||
Dividends paid in the period | 29,000 | 23,000 | ||||||||||||
23,000 | ||||||||||||||
Dividends by type: | ||||||||||||||
Equity dividends | ||||||||||||||
29,000 | 23,000 | |||||||||||||