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REGISTERED NUMBER: 10027846 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Smartronic Midlands Limited

Smartronic Midlands Limited (Registered number: 10027846)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Smartronic Midlands Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: M P Reeves
Mrs T Reeves





REGISTERED OFFICE: 29 Silvercourt
Brownhills
Walsall
West Midlands
WS8 6HA





REGISTERED NUMBER: 10027846 (England and Wales)





ACCOUNTANTS: Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Smartronic Midlands Limited (Registered number: 10027846)

Balance Sheet
28 February 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 1,530 1,108

CURRENT ASSETS
Debtors 6 2,384 5,771
Cash at bank 71,000 68,110
73,384 73,881
CREDITORS
Amounts falling due within one year 7 (17,381 ) (22,717 )
NET CURRENT ASSETS 56,003 51,164
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,533

52,272

CREDITORS
Amounts falling due after more than one
year

8

(900

)

(1,300

)
NET ASSETS 56,633 50,972

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 56,533 50,872
SHAREHOLDERS' FUNDS 56,633 50,972

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Smartronic Midlands Limited (Registered number: 10027846)

Balance Sheet - continued
28 February 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2023 and were signed on its behalf by:





M P Reeves - Director


Smartronic Midlands Limited (Registered number: 10027846)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Smartronic Midlands 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There are no material departures from the Standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

4. EMPLOYEES AND DIRECTORS

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

Smartronic Midlands Limited (Registered number: 10027846)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 1,139
Additions 1,069
At 28 February 2023 2,208
DEPRECIATION
At 1 March 2022 31
Charge for year 647
At 28 February 2023 678
NET BOOK VALUE
At 28 February 2023 1,530
At 28 February 2022 1,108

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,384 5,771

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 400 400
Trade creditors 168 1,168
Taxation and social security 2,455 6,684
Other creditors 14,358 14,465
17,381 22,717

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 900 1,300

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
75 Ordinary A Shares £1 75 75
25 Ordinary B Shares £1 25 25
100 100

Smartronic Midlands Limited (Registered number: 10027846)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. CALLED UP SHARE CAPITAL - continued

The ordinary A shares and ordinary B shares are separate classes of shares for the purpose of declaring dividends.

In all other respects, the shares rank pari passu.

10. RELATED PARTY DISCLOSURES

M P Reeves, a director of this company conducts a freelance trade as an independent operation. An amount of £2,384 (2022 - £5,771) was due to the company from this business at 28 February 2023. This amount is payable on demand, is unsecured and there are no specific terms regarding payment of interest.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Smartronic Midlands Limited

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Smartronic Midlands Limited for the year ended 28 February 2023 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Smartronic Midlands Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Smartronic Midlands Limited and state those matters that we have agreed to state to the Board of Directors of Smartronic Midlands Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Smartronic Midlands Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Smartronic Midlands Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Smartronic Midlands Limited. You consider that Smartronic Midlands Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Smartronic Midlands Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


11 October 2023