SMART-TECH DESIGNS LTD

Company Registration Number:
12406911 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2023

Period of accounts

Start date: 1 February 2022

End date: 31 January 2023

SMART-TECH DESIGNS LTD

Contents of the Financial Statements

for the Period Ended 31 January 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SMART-TECH DESIGNS LTD

Profit And Loss Account

for the Period Ended 31 January 2023

2023 2022


£

£
Turnover: 1,762,893 1,113,621
Cost of sales: ( 827,942 ) ( 553,892 )
Gross profit(or loss): 934,951 559,729
Distribution costs: ( 38,928 ) ( 26,738 )
Administrative expenses: ( 183,290 ) ( 137,436 )
Other operating income: 43,472 38,948
Operating profit(or loss): 756,205 434,503
Profit(or loss) before tax: 756,205 434,503
Tax: ( 128,562 ) ( 87,457 )
Profit(or loss) for the financial year: 627,643 347,046

SMART-TECH DESIGNS LTD

Balance sheet

As at 31 January 2023

Notes 2023 2022


£

£
Called up share capital not paid: 10,000 10,000
Fixed assets
Intangible assets: 3 12,887 26,738
Tangible assets: 4 844,397 328,392
Investments: 5 1,387,392 745,193
Total fixed assets: 2,244,676 1,100,323
Current assets
Stocks: 6 122,641 85,193
Debtors: 7 29,846 37,284
Cash at bank and in hand: 181,673 162,581
Investments: 8 821,000 471,837
Total current assets: 1,155,160 756,895
Creditors: amounts falling due within one year: 9 ( 8,749 ) ( 2,649 )
Net current assets (liabilities): 1,146,411 754,246
Total assets less current liabilities: 3,401,087 1,864,569
Creditors: amounts falling due after more than one year: 10 ( 39,427 ) ( 33,728 )
Provision for liabilities: ( 550,000 ) ( 2,831 )
Total net assets (liabilities): 2,811,660 1,828,010
Capital and reserves
Called up share capital: 10,000 10,000
Share premium account: 1,161,000 387,000
Other reserves: 658,081 469,833
Profit and loss account: 982,579 961,177
Total Shareholders' funds: 2,811,660 1,828,010

The notes form part of these financial statements

SMART-TECH DESIGNS LTD

Balance sheet statements

For the year ending 31 January 2023 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.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 25 September 2023
and signed on behalf of the board by:

Name: A Anuzis
Status: Director

The notes form part of these financial statements

SMART-TECH DESIGNS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SMART-TECH DESIGNS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 17 11

SMART-TECH DESIGNS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 February 2022 26,738 26,738
Additions
Disposals ( 13,851 ) ( 13,851 )
Revaluations
Transfers
At 31 January 2023 12,887 12,887
Amortisation
At 1 February 2022 0 0
Charge for year
On disposals
Other adjustments
At 31 January 2023 0 0
Net book value
At 31 January 2023 12,887 12,887
At 31 January 2022 26,738 26,738

SMART-TECH DESIGNS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2022 223,652 21,738 14,932 18,873 49,197 328,392
Additions 400,000 25,230 14,887 14,693 61,195 516,005
Disposals
Revaluations
Transfers
At 31 January 2023 623,652 46,968 29,819 33,566 110,392 844,397
Depreciation
At 1 February 2022
Charge for year
On disposals
Other adjustments
At 31 January 2023
Net book value
At 31 January 2023 623,652 46,968 29,819 33,566 110,392 844,397
At 31 January 2022 223,652 21,738 14,932 18,873 49,197 328,392

SMART-TECH DESIGNS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

5. Fixed assets investments note

Total fixed assets investments currently stand at £2,244,676

SMART-TECH DESIGNS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

6. Stocks

2023 2022
£ £
Stocks 122,641 85,193
Total 122,641 85,193

SMART-TECH DESIGNS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

7. Debtors

2023 2022
£ £
Trade debtors 29,846 37,284
Total 29,846 37,284

SMART-TECH DESIGNS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

8. Current assets investments note

Total current assets investments stand at £1,155,160

SMART-TECH DESIGNS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

9. Creditors: amounts falling due within one year note

2023 2022
£ £
Amounts due under finance leases and hire purchase contracts 8,749 2,649
Total 8,749 2,649

SMART-TECH DESIGNS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

10. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 39,427 33,728
Total 39,427 33,728