SMART HISTORY LIMITED

SMART HISTORY LIMITED

SMART HISTORY LIMITED - Company Information

Print Friendly Version

SMART HISTORY LIMITED

Company Registration Number:
SC505093 (Scotland)

Unaudited abridged accounts for the year ended 31 July 2021

Period of accounts

Start date: 01 August 2020

End date: 31 July 2021

SMART HISTORY LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2021

Balance sheet
Notes

SMART HISTORY LIMITED

Balance sheet

As at 31 July 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 11,685 0
Total fixed assets: 11,685 0
Current assets
Debtors:   23,467 15,672
Cash at bank and in hand: 12,477 1,457
Total current assets: 35,944 17,129
Creditors: amounts falling due within one year:   (45,029) (25,425)
Net current assets (liabilities): (9,085) (8,296)
Total assets less current liabilities: 2,600 (8,296)
Total net assets (liabilities): 2,600 (8,296)
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 2,590 (8,306)
Shareholders funds: 2,600 (8,296)

The notes form part of these financial statements

SMART HISTORY LIMITED

Balance sheet statements

For the year ending 31 July 2021 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 31 July 2022
and signed on behalf of the board by:

Name: Dr Alan Miller
Status: Director

The notes form part of these financial statements

SMART HISTORY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2021

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 is measured at the fair value of the consideration received or receivable for services rendered,net of discounts and Value Added Tax.Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent the expenses recognised are recoverable.

Tangible fixed assets and depreciation policy

Tangible assets are initially measured at cost, and are subsequently measured at cost less anyaccumulated depreciation and accumulated impairment losses or at a revalued amount.Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluationless any subsequent accumulated depreciation and subsequent accumulated impairment losses.An increase in the carrying amount of an asset as a result of a revaluation is recognised in othercomprehensive income and accumulated in capital and reserves. However, the increase is recognisedin profit or loss to the extent that it reverses a revaluation decrease of the same asset previouslyrecognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluationis recognised in other comprehensive income to the extent of any previously recognised revaluationincrease accumulated in capital and reserves. If a revaluation decrease exceeds the accumulatedrevaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognisedin profit or loss.Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, overthe useful economic life of that asset as follows:Plant and machinery 33.33% straight line

SMART HISTORY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2021

2. Employees

2021 2020
Average number of employees during the period 6 4

SMART HISTORY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2021

3. Tangible Assets

Total
Cost £
At 01 August 2020 0
Additions 13,145
At 31 July 2021 13,145
Depreciation
At 01 August 2020 0
Charge for year 1,460
At 31 July 2021 1,460
Net book value
At 31 July 2021 11,685
At 31 July 2020 0