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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
Page
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Smarter Appliances Ltd Company Information for the year ended 31 May 2023
Director
Tim Stedeford
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
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Smarter Appliances Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
126,434 
155,704 
Current assets
Debtors
639,547 
465,182 
Cash at bank and in hand
1,016,116 
894,743 
1,655,663 
1,359,925 
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 
Capital and reserves
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
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Smarter Appliances Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 May 2023
72,500 
24,922 
29,012 
126,434 
At 31 May 2022
72,500 
37,383 
45,821 
155,704 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
606,687 
462,963 
Accrued income and prepayments
1,436 
2,219 
Other debtors
31,424 
- 
639,547 
465,182 
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Smarter Appliances Ltd Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
86,436 
56,467 
Trade creditors
191,189 
185,557 
Taxes and social security
140,095 
160,947 
Other creditors
1,115 
12,154 
Loans from directors
- 
185 
Accruals
- 
1,400 
418,835 
416,710 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
27,978 
80,851 
Obligations under finance leases and hire purchase contracts
34,388 
38,527 
62,366 
119,378 
8
Provisions for liabilities
£ 
At 1 June 2022
174,548 
Additional provisions made during the period
222,359 
At 31 May 2023
396,907 
Bad Debt Provision
9
Average number of employees
During the year the average number of employees was 20 (2022: 18).
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