No, 'smart' doesn't mean 'beautiful' in any form of English.
In British English, 'smart' is a way of dressing. As in Chris's dictionary definition, it relates to being neat and well-groomed. For a man, dressing smartly would involve a well-cut suit, shirt and tie, with polished leather shoes; for a woman, it would be a stylish dress/skirt or trousers, sheer tights, high heels etc. Many businesses require their staff to be smartly dressed for work.
There's also a category of dressing known as 'smart casual'. For a man, this might be something like chinos with an open-necked shirt and loafers.
'Smart' can also refer to things, such as a smart new car or a smart new building. The connotation here is that they look good and are reasonably expensive, such as a shiny, hi-spec car or an elegant office building.
[Just curious. How would American speakers refer to these ideas? 'Smart' seems to be such a handy all-purpose word.]