Company Registration No. 12727810 (England and Wales)
SMARTECH ELEC LTD
Unaudited accounts
for the year ended 31 July 2023
SMARTECH ELEC LTD
Unaudited accounts
Contents
SMARTECH ELEC LTD
Company Information
for the year ended 31 July 2023
Directors
Andrew Marsden
Darren Edwards
Philip Conway
Company Number
12727810 (England and Wales)
Registered Office
245 SPEKE ROAD
WOOLTON
LIVERPOOL
L25 0LB
ENGLAND
SMARTECH ELEC LTD
Statement of financial position
as at 31 July 2023
Tangible assets
15,164
1,868
Cash at bank and in hand
108
2,634
Creditors: amounts falling due within one year
(29,932)
(8,832)
Net current assets
28,448
49,126
Called up share capital
3
3
Profit and loss account
43,609
50,991
Shareholders' funds
43,612
50,994
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by
Darren Edwards
Director
Company Registration No. 12727810
SMARTECH ELEC LTD
Notes to the Accounts
for the year ended 31 July 2023
SMARTECH ELEC LTD is a private company, limited by shares, registered in England and Wales, registration number 12727810. The registered office is 245 SPEKE ROAD, WOOLTON, LIVERPOOL, L25 0LB, 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:
Computer equipment
20% on reducing balance basis
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
564
163
1,141
1,868
Additions
3,044
11,000
-
14,044
At 31 July 2023
3,608
11,163
1,141
15,912
Charge for the year
585
163
-
748
At 31 July 2023
585
163
-
748
At 31 July 2023
3,023
11,000
1,141
15,164
At 31 July 2022
564
163
1,141
1,868
Amounts falling due after more than one year
Trade debtors
26,095
23,267
Other debtors
32,177
32,057
SMARTECH ELEC LTD
Notes to the Accounts
for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
19,090
-
Trade creditors
29,470
28,932
Taxes and social security
13,000
7,919
Other creditors
(23,648)
(26,898)
Loans from directors
(9,737)
(1,673)
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).