Company Registration No. 09053587 (England and Wales)
Smarter Appliances Ltd
Unaudited accounts
for the year ended 31 May 2023
Smarter Appliances Ltd
Unaudited accounts
Contents
Smarter Appliances Ltd
Company Information
for the year ended 31 May 2023
Company Number
09053587 (England and Wales)
Registered Office
136-137 HIGH STREET
ILFRACOMBE
EX34 9EZ
ENGLAND
Accountants
RLJB Business Consulting Limited
14 Winchester Road
Andover
Hampshire
SP10 2EG
Smarter Appliances Ltd
Statement of financial position
as at 31 May 2023
Tangible assets
126,434
155,704
Cash at bank and in hand
1,016,116
894,743
Creditors: amounts falling due within one year
(418,835)
(416,710)
Net current assets
1,236,828
943,215
Total assets less current liabilities
1,363,262
1,098,919
Creditors: amounts falling due after more than one year
(62,366)
(119,378)
Provisions for liabilities
Other provisions
(396,907)
(174,548)
Net assets
903,989
804,993
Called up share capital
100
100
Profit and loss account
903,889
804,893
Shareholders' funds
903,989
804,993
For the year ending 31 May 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 February 2024 and were signed on its behalf by
Tim Stedeford
Director
Company Registration No. 09053587
Smarter Appliances Ltd
Notes to the Accounts
for the year ended 31 May 2023
Smarter Appliances Ltd is a private company, limited by shares, registered in England and Wales, registration number 09053587. The registered office is 136-137 HIGH STREET, ILFRACOMBE, EX34 9EZ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
72,500
49,844
109,058
231,402
At 31 May 2023
72,500
49,844
109,058
231,402
At 1 June 2022
-
12,461
63,237
75,698
Charge for the year
-
12,461
16,809
29,270
At 31 May 2023
-
24,922
80,046
104,968
At 31 May 2023
72,500
24,922
29,012
126,434
At 31 May 2022
72,500
37,383
45,821
155,704
Amounts falling due within one year
Trade debtors
606,687
462,963
Accrued income and prepayments
1,436
2,219
Smarter Appliances Ltd
Notes to the Accounts
for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
191,189
185,557
Taxes and social security
140,095
160,947
Other creditors
1,115
12,154
Loans from directors
-
185
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
34,388
38,527
8
Provisions for liabilities
£
Additional provisions made during the period
222,359
9
Average number of employees
During the year the average number of employees was 20 (2022: 18).