Acorah Software Products - Accounts Production 15.0.500 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 12552279 Mr James Madden Mr Andrew Spence iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12552279 2023-04-30 12552279 2024-04-30 12552279 2023-05-01 2024-04-30 12552279 frs-core:CurrentFinancialInstruments 2024-04-30 12552279 frs-core:Non-currentFinancialInstruments 2024-04-30 12552279 frs-core:BetweenOneFiveYears 2024-04-30 12552279 frs-core:MotorVehicles 2024-04-30 12552279 frs-core:MotorVehicles 2023-05-01 2024-04-30 12552279 frs-core:MotorVehicles 2023-04-30 12552279 frs-core:WithinOneYear 2024-04-30 12552279 frs-core:ShareCapital 2024-04-30 12552279 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 12552279 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12552279 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 12552279 frs-bus:SmallEntities 2023-05-01 2024-04-30 12552279 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 12552279 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 12552279 frs-bus:Director1 2023-05-01 2024-04-30 12552279 frs-bus:Director2 2023-05-01 2024-04-30 12552279 frs-countries:EnglandWales 2023-05-01 2024-04-30 12552279 2022-04-30 12552279 2023-04-30 12552279 2022-05-01 2023-04-30 12552279 frs-core:CurrentFinancialInstruments 2023-04-30 12552279 frs-core:Non-currentFinancialInstruments 2023-04-30 12552279 frs-core:BetweenOneFiveYears 2023-04-30 12552279 frs-core:WithinOneYear 2023-04-30 12552279 frs-core:ShareCapital 2023-04-30 12552279 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 12552279
SMARTPROJEX LTD
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12552279
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 81,445 46,570
81,445 46,570
CURRENT ASSETS
Debtors 5 730,368 121,775
Cash at bank and in hand 896,594 285,302
1,626,962 407,077
Creditors: Amounts Falling Due Within One Year 6 (1,261,269 ) (362,313 )
NET CURRENT ASSETS (LIABILITIES) 365,693 44,764
TOTAL ASSETS LESS CURRENT LIABILITIES 447,138 91,334
Creditors: Amounts Falling Due After More Than One Year 7 (24,213 ) (34,610 )
NET ASSETS 422,925 56,724
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 422,923 56,722
SHAREHOLDERS' FUNDS 422,925 56,724
Page 1
Page 2
For the year ending 30 April 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James Madden
Director
Mr Andrew Spence
Director
12/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SMARTPROJEX LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12552279 . The registered office is 17 Blake Drive, Cramlington, NE23 1DL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
Page 3
Page 4
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 May 2023 63,415
Additions 52,958
Disposals (4,836 )
As at 30 April 2024 111,537
Depreciation
As at 1 May 2023 16,845
Provided during the period 13,247
As at 30 April 2024 30,092
Net Book Value
As at 30 April 2024 81,445
As at 1 May 2023 46,570
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 719,146 121,775
Prepayments and accrued income 11,222 -
730,368 121,775
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,196 8,196
Trade creditors 912,391 225,731
Corporation tax 110,286 22,654
Other taxes and social security 292 198
VAT 226,223 103,452
Other creditors 1,800 -
Directors' loan accounts 2,081 2,082
1,261,269 362,313
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 24,213 34,610
Page 4
Page 5
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,196 8,196
Later than one year and not later than five years 24,213 34,610
32,409 42,806
32,409 42,806
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5