Mr Smart Security Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 12290467 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2022

for

Mr Smart Security Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

I Gill

Mrs S L Gill

REGISTERED OFFICE:

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

REGISTERED NUMBER:

12290467 (England and Wales)

ACCOUNTANTS:

Lawrence & Company

Chartered Certified Accountants

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

FIXED ASSETS

Tangible assets

4

174

349

CURRENT ASSETS

Debtors

5

9,412

-

Cash at bank

5,737

30,881

15,149

30,881

CREDITORS

Amounts falling due within one year

6

6,451

17,438

NET CURRENT ASSETS

8,698

13,443

TOTAL ASSETS LESS CURRENT LIABILITIES

8,872

13,792

CREDITORS

Amounts falling due after more than one year

7

8,000

11,000

NET ASSETS

872

2,792

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9

772

2,692

SHAREHOLDERS' FUNDS

872

2,792

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 December 2022 and were signed on its behalf by:

I Gill - Director

1.	STATUTORY INFORMATION

Mr Smart Security Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 November 2021

and 31 October 2022

699

DEPRECIATION

At 1 November 2021

350

Charge for year

175

At 31 October 2022

525

NET BOOK VALUE

At 31 October 2022

174

At 31 October 2021

349

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.22

31.10.21

£

£

Trade debtors

9,412

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.22

31.10.21

£

£

Bank loans and overdrafts (see note 8)

3,000

3,000

Trade creditors

289

-

Taxation

919

7,520

Social security and other taxes

1,043

3,478

Directors' current accounts

-

2,000

Accrued expenses

1,200

1,440

6,451

17,438

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.22

31.10.21

£

£

Bank loans (see note 8)

8,000

11,000

8.

LOANS

An analysis of the maturity of loans is given below:

31.10.22

31.10.21

£

£

Amounts falling due within one year or on demand:

Bank loans

3,000

3,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

3,000

3,000

31.10.22

31.10.21

£

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

5,000

8,000

9.

RESERVES

Retained

earnings

£

At 1 November 2021

2,692

Profit for the year

3,580

Dividends

(5,500

)

At 31 October 2022

772

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £5,500 (2021 - £33,730) were paid to the directors .

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2022 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Lawrence & Company

Chartered Certified Accountants

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

14 December 2022