Company Registration No. 9848146 (England and Wales)
SmartCare Analytics Ltd
Unaudited accounts
for the year ended 31 October 2020
SmartCare Analytics Ltd
Unaudited accounts
Contents
SmartCare Analytics Ltd
Company Information
for the year ended 31 October 2020
Directors
Joachim Behar
Jonathan Daly
Niclas Palmius
Company Number
9848146 (England and Wales)
Registered Office
27 Old Gloucester Street
London
WC1N 3AX
United Kingdom
SmartCare Analytics Ltd
Statement of financial position
as at
31 October 2020
Tangible assets
967
1,615
Cash at bank and in hand
1,121
1,253
Creditors: amounts falling due within one year
(7,441)
(4,324)
Net current assets/(liabilities)
1,705
(889)
Profit and loss account
2,672
726
Shareholders' funds
2,672
726
For the year ending 31 October 2020 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2021 and were signed on its behalf by
Niclas Palmius
Director
Company Registration No. 9848146
SmartCare Analytics Ltd
Notes to the Accounts
for the year ended 31 October 2020
SmartCare Analytics Ltd is a private company, limited by shares, registered in England and Wales, registration number 9848146. The registered office is 27 Old Gloucester Street, London, WC1N 3AX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
3 years
Expenditure on research and development is written off in the year in which it is incurred.
SmartCare Analytics Ltd
Notes to the Accounts
for the year ended 31 October 2020
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Finished goods
2,611
1,899
6
Debtors: amounts falling due within one year
2020
2019
Accrued income and prepayments
55
54
7
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
616
8
Loans from directors
6,797
4,284
8
Share capital
2020
2019
Allotted, called up and fully paid:
45 Ordinary shares of £0.01 each
0.45
0.45
9
Transactions with related parties
During the period, loans amounting to £2513 were made from a director to the company. The full amount is outstanding at the end of the period and is included in loans from directors in note 7.
All loans from the directors are unsecured, interest free and repayable on demand.
SmartCare Analytics Ltd
Notes to the Accounts
for the year ended 31 October 2020
10
Average number of employees
During the year the average number of employees was 0 (2019: 0).