Registered number
06025235
Smartohms Limited
Filleted Accounts
31 December 2023
Smartohms Limited
Registered number: 06025235
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 117 203
Current assets
Stocks 625 650
Debtors 4 3,320 -
Cash at bank and in hand 8,281 16,733
12,226 17,383
Creditors: amounts falling due within one year 5 (49,314) (39,933)
Net current liabilities (37,088) (22,550)
Total assets less current liabilities (36,971) (22,347)
Creditors: amounts falling due after more than one year 6 (6,311) (10,311)
Net liabilities (43,282) (32,658)
Capital and reserves
Called up share capital 1 1
Profit and loss account (43,283) (32,659)
Shareholders' funds (43,282) (32,658)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr P F Billington
Director
Approved by the board on 3 April 2024
Smartohms Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Tools and equipment over 5 years
Motor vehicles over 4 years
Computer equipment over 3 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 6,215 20,077 26,292
At 31 December 2023 6,215 20,077 26,292
Depreciation
At 1 January 2023 6,013 20,076 26,089
Charge for the year 86 - 86
At 31 December 2023 6,099 20,076 26,175
Net book value
At 31 December 2023 116 1 117
At 31 December 2022 202 1 203
4 Debtors 2023 2022
£ £
Trade debtors 3,320 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 4,000 4,000
Taxation and social security costs 751 751
Other creditors 44,563 35,182
49,314 39,933
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 6,311 10,311
7 Other information
Smartohms Limited is a private company limited by shares and incorporated in England. Its registered office is:
149 Cromwell Road
Ribbleton
Preston
Lancashire
PR2 6YE
Smartohms Limited 06025235 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts April 2024 Mr P F Billington No description of principal activity 06025235 2022-01-01 2022-12-31 06025235 core:WithinOneYear 2022-12-31 06025235 core:AfterOneYear 2022-12-31 06025235 core:ShareCapital 2022-12-31 06025235 core:RetainedEarningsAccumulatedLosses 2022-12-31 06025235 2023-01-01 2023-12-31 06025235 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06025235 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 06025235 bus:Director40 2023-01-01 2023-12-31 06025235 1 2023-01-01 2023-12-31 06025235 2 2023-01-01 2023-12-31 06025235 core:PlantMachinery 2023-01-01 2023-12-31 06025235 core:Vehicles 2023-01-01 2023-12-31 06025235 countries:England 2023-01-01 2023-12-31 06025235 bus:FRS102 2023-01-01 2023-12-31 06025235 bus:FilletedAccounts 2023-01-01 2023-12-31 06025235 2023-12-31 06025235 core:WithinOneYear 2023-12-31 06025235 core:AfterOneYear 2023-12-31 06025235 core:ShareCapital 2023-12-31 06025235 core:RetainedEarningsAccumulatedLosses 2023-12-31 06025235 core:PlantMachinery 2023-12-31 06025235 core:Vehicles 2023-12-31 06025235 2022-12-31 06025235 core:PlantMachinery 2022-12-31 06025235 core:Vehicles 2022-12-31 iso4217:GBP xbrli:pure