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REGISTERED NUMBER: 11212604 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

SMART ELECTRICAL INSTALLATIONS LIMITED

SMART ELECTRICAL INSTALLATIONS LIMITED (REGISTERED NUMBER: 11212604)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SMART ELECTRICAL INSTALLATIONS LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTORS: S Gibbons
T A Higgins





REGISTERED OFFICE: Mitre House
Pitt Street West
Stoke-On-Trent
Staffordshire
ST6 3JW





REGISTERED NUMBER: 11212604 (England and Wales)

SMART ELECTRICAL INSTALLATIONS LIMITED (REGISTERED NUMBER: 11212604)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,074 19,324

CURRENT ASSETS
Stocks 8,000 4,014
Debtors 5 296,633 261,996
Cash at bank and in hand 119,092 49,757
423,725 315,767
CREDITORS
Amounts falling due within one year 6 362,368 274,742
NET CURRENT ASSETS 61,357 41,025
TOTAL ASSETS LESS CURRENT LIABILITIES 85,431 60,349

CREDITORS
Amounts falling due after more than one year 7 (18,017 ) (27,417 )

PROVISIONS FOR LIABILITIES (4,574 ) (1,064 )
NET ASSETS 62,840 31,868

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 62,640 31,668
62,840 31,868

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

SMART ELECTRICAL INSTALLATIONS LIMITED (REGISTERED NUMBER: 11212604)

BALANCE SHEET - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:




S Gibbons - Director



T A Higgins - Director


SMART ELECTRICAL INSTALLATIONS LIMITED (REGISTERED NUMBER: 11212604)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Smart Electrical Installations 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SMART ELECTRICAL INSTALLATIONS LIMITED (REGISTERED NUMBER: 11212604)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 19,879 1,610 8,495 2,246 32,230
Additions 2,460 6,782 - 2,072 11,314
At 30 June 2023 22,339 8,392 8,495 4,318 43,544
DEPRECIATION
At 1 July 2022 7,339 481 3,817 1,269 12,906
Charge for year 3,288 1,190 1,170 916 6,564
At 30 June 2023 10,627 1,671 4,987 2,185 19,470
NET BOOK VALUE
At 30 June 2023 11,712 6,721 3,508 2,133 24,074
At 30 June 2022 12,540 1,129 4,678 977 19,324

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 181,877 204,808
Other debtors 114,756 57,188
296,633 261,996

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,400 9,400
Trade creditors 106,013 91,293
Taxation and social security 93,897 77,259
Other creditors 153,058 96,790
362,368 274,742

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 18,017 27,417