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REGISTERED NUMBER: 11147043 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

SMARTECH BUSINESS SOLUTIONS LIMITED

SMARTECH BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 11147043)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SMARTECH BUSINESS SOLUTIONS LIMITED

COMPANY INFORMATION
for the Year Ended 31 JANUARY 2024







DIRECTORS: M B Radcliffe
Mrs G Radcliffe





REGISTERED OFFICE: 327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 21HN





REGISTERED NUMBER: 11147043 (England and Wales)





ACCOUNTANTS: Whitehead & Howarth
327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN

SMARTECH BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 11147043)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 675 900
Investments 5 14,436 -
15,111 900

CURRENT ASSETS
Debtors 6 129,053 140,799
Cash at bank 105,553 146,035
234,606 286,834
CREDITORS
Amounts falling due within one year 7 57,613 47,899
NET CURRENT ASSETS 176,993 238,935
TOTAL ASSETS LESS CURRENT
LIABILITIES

192,104

239,835

CREDITORS
Amounts falling due after more than one
year

8

13,423

23,023
NET ASSETS 178,681 216,812

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 178,671 216,802
SHAREHOLDERS' FUNDS 178,681 216,812

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

SMARTECH BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 11147043)

BALANCE SHEET - continued
31 JANUARY 2024


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 20 February 2024 and were signed on its behalf by:





M B Radcliffe - Director


SMARTECH BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 11147043)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2024

1. STATUTORY INFORMATION

Smartech Business Solutions 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

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.
Equipment - 25% on reducing balance

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.

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.

Investments
The company acquires holdings of precious metals for investment purposes. These investments assets are stated at market value at the balance sheet date. Surpluses and deficits on the revaluation of such investments are charged or credited to profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

SMARTECH BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 11147043)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 February 2023
and 31 January 2024 2,134
DEPRECIATION
At 1 February 2023 1,234
Charge for year 225
At 31 January 2024 1,459
NET BOOK VALUE
At 31 January 2024 675
At 31 January 2023 900

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.1.24 31.1.23
£    £   
Precious metals additions 15,489 -
Precious metals revaluation (1,053 ) -
14,436 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 21,315 19,488
Directors' current accounts 107,738 120,443
Tax - 868
129,053 140,799

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 9,454 9,308
Tax 36,649 25,993
VAT 10,310 11,398
Accruals and deferred income 1,200 1,200
57,613 47,899

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 13,423 23,023

SMARTECH BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 11147043)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
M B Radcliffe
Balance outstanding at start of year 120,443 30,879
Amounts advanced 107,738 120,443
Amounts repaid (120,443 ) (30,879 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 107,738 120,443

10. RELATED PARTY DISCLOSURES

Control

The company is controlled by Mr M B Radcliffe, a director.

Transactions

The company paid dividends in the year under review of £90,000 (2023: £48,000) to Mr M B Radcliffe, a director and £60,000 (2023: £32,000) to Mrs G Radcliffe, a director.