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REGISTERED NUMBER: 09016362 (England and Wales)












REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2023

FOR

SMARTLITE LIMITED

SMARTLITE LIMITED (REGISTERED NUMBER: 09016362)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023




Page

Company Information 1

Report of the Director 2

Balance Sheet 3

Notes to the Financial Statements 4


SMARTLITE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2023







DIRECTOR: C Minnette





REGISTERED OFFICE: Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP





REGISTERED NUMBER: 09016362 (England and Wales)





ACCOUNTANTS: Cook & Partners Limited
Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

SMARTLITE LIMITED (REGISTERED NUMBER: 09016362)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 30TH APRIL 2023

The director presents his report with the financial statements of the company for the year ended 30th April 2023.

DIRECTOR
C Minnette held office during the whole of the period from 1st May 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





C Minnette - Director


20th September 2023

SMARTLITE LIMITED (REGISTERED NUMBER: 09016362)

BALANCE SHEET
30TH APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,096 27,489

CURRENT ASSETS
Debtors 5 137,976 45,618
Cash at bank 438,192 363,785
576,168 409,403
CREDITORS
Amounts falling due within one year 6 108,274 154,700
NET CURRENT ASSETS 467,894 254,703
TOTAL ASSETS LESS CURRENT
LIABILITIES

493,990

282,192

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 493,880 282,082
SHAREHOLDERS' FUNDS 493,990 282,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th September 2023 and were signed by:





C Minnette - Director


SMARTLITE LIMITED (REGISTERED NUMBER: 09016362)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023

1. STATUTORY INFORMATION

Smartlite Limited 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

Accounting convention
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.

Going Concern Justification
The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 30 April 2023 have been prepared using the going concern basis of accounting.

Revenue
Revenue - Described as turnover - is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.

Revenue is recognised on the provision of services once completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SMARTLITE LIMITED (REGISTERED NUMBER: 09016362)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st May 2022 18,312 3,748 18,500 10,763 51,323
Additions - - - 1,081 1,081
At 30th April 2023 18,312 3,748 18,500 11,844 52,404
DEPRECIATION
At 1st May 2022 - 2,213 14,878 6,743 23,834
Charge for year - 307 724 1,443 2,474
At 30th April 2023 - 2,520 15,602 8,186 26,308
NET BOOK VALUE
At 30th April 2023 18,312 1,228 2,898 3,658 26,096
At 30th April 2022 18,312 1,535 3,622 4,020 27,489

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 137,976 45,618

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 64,670 58,648
VAT 24,084 38,862
Other creditors 4,500 3,500
Directors' current accounts 12,020 50,690
Accrued expenses 3,000 3,000
108,274 154,700

7. OTHER FINANCIAL COMMITMENTS

The company has committed to paying £5,184 within the 12 months after 30th April 2023. The company has also committed to paying £9,538 within 2 to 5 years after 30th April 2023.