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REGISTERED NUMBER: 11510404 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 SEPTEMBER 2022 TO 30 AUGUST 2023

FOR

SMART TRAX ELECTRICAL LIMITED

SMART TRAX ELECTRICAL LIMITED (REGISTERED NUMBER: 11510404)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 30 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SMART TRAX ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 SEPTEMBER 2022 TO 30 AUGUST 2023







DIRECTORS: P R Barraclough
S A Webber
J Bentley





REGISTERED OFFICE: Drill Hall
11 Eastgate
Barnsley
South Yorkshire
S70 2EU





REGISTERED NUMBER: 11510404 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

SMART TRAX ELECTRICAL LIMITED (REGISTERED NUMBER: 11510404)

BALANCE SHEET
30 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,773 14,105

CURRENT ASSETS
Stocks 5 1,150 1,200
Debtors 6 25,222 13,708
Cash at bank 7,117 23,480
33,489 38,388
CREDITORS
Amounts falling due within one year 7 38,513 41,994
NET CURRENT LIABILITIES (5,024 ) (3,606 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,749

10,499

CREDITORS
Amounts falling due after more than one
year

8

(4,034

)

(6,233

)

PROVISIONS FOR LIABILITIES 10 (2,426 ) (2,680 )
NET ASSETS 1,289 1,586

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 289 586
SHAREHOLDERS' FUNDS 1,289 1,586

SMART TRAX ELECTRICAL LIMITED (REGISTERED NUMBER: 11510404)

BALANCE SHEET - continued
30 AUGUST 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 August 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 August 2023 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.

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 Profit & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:




S A Webber - Director J Bentley - Director




P R Barraclough - Director


SMART TRAX ELECTRICAL LIMITED (REGISTERED NUMBER: 11510404)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 30 AUGUST 2023

1. STATUTORY INFORMATION

Smart Trax Electrical 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.
Plant and machinery - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit & Loss Account and Retained Earnings, 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

SMART TRAX ELECTRICAL LIMITED (REGISTERED NUMBER: 11510404)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 30 AUGUST 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 - - 31,498 608 32,106
Additions 667 334 - 606 1,607
At 30 August 2023 667 334 31,498 1,214 33,713
DEPRECIATION
At 1 September 2022 - - 17,851 150 18,001
Charge for period 17 8 2,729 185 2,939
At 30 August 2023 17 8 20,580 335 20,940
NET BOOK VALUE
At 30 August 2023 650 326 10,918 879 12,773
At 31 August 2022 - - 13,647 458 14,105

5. STOCKS
2023 2022
£    £   
Stocks 1,150 1,200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,144 5,468
Other debtors 7,015 7,142
Directors' current accounts 17,063 1,098
25,222 13,708

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 2,200 2,200
Trade creditors 3,630 5,871
Tax 15,766 14,284
Social security and other taxes 169 -
VAT 2,718 4,367
Other creditors - 1,290
Accrued expenses 14,030 13,982
38,513 41,994

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 4,034 6,233

SMART TRAX ELECTRICAL LIMITED (REGISTERED NUMBER: 11510404)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 30 AUGUST 2023

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 2,200 2,200

Amounts falling due between one and two years:
Bank loans - 1-2 years 2,200 2,200

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,834 4,033

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,426 2,680

Deferred
tax
£   
Balance at 1 September 2022 2,680
Provided during period (254 )
Balance at 30 August 2023 2,426

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
400 Ordinary 1 400 400
300 Ordinary B 1 300 300
300 Ordinary C 1 300 300
1,000 1,000

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 August 2023 and the year ended 31 August 2022:

2023 2022
£    £   
J Bentley and P R Barraclough
Balance outstanding at start of period 1,098 684
Amounts repaid (1,098 ) (684 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 17,063 1,098