Company Registration No. 11070077 (England and Wales)
Smart Data Centre Solutions Limited
Unaudited accounts
for the period from 1 December 2022 to 31 December 2023
Smart Data Centre Solutions Limited
Unaudited accounts
Contents
Smart Data Centre Solutions Limited
Company Information
for the period from 1 December 2022 to 31 December 2023
Directors
J Knowles
P Howell
Company Number
11070077 (England and Wales)
Registered Office
Unit 7, Gabwell Business Centre
Quadrant Way
Hardwicke
Gloucestershire
GL2 2JH
Accountants
Anthony Smith Accountancy Services
2 Tylea Close
The Reddings
Cheltenham
Gloucestershire
GL51 6RB
Smart Data Centre Solutions Limited
Statement of financial position
as at 31 December 2023
Tangible assets
22,931
232,124
Inventories
165,446
86,171
Cash at bank and in hand
595,299
189,539
Creditors: amounts falling due within one year
(824,938)
(665,385)
Net current assets
712,753
377,068
Total assets less current liabilities
735,684
609,192
Creditors: amounts falling due after more than one year
(13,246)
(27,007)
Net assets
722,438
582,185
Called up share capital
1,000
2
Profit and loss account
721,438
582,183
Shareholders' funds
722,438
582,185
For the period ending 31 December 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 20 May 2024 and were signed on its behalf by
J Knowles
Director
Company Registration No. 11070077
Smart Data Centre Solutions Limited
Notes to the Accounts
for the period from 1 December 2022 to 31 December 2023
Smart Data Centre Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 11070077. The registered office is Unit 7, Gabwell Business Centre, Quadrant Way, Hardwicke, Gloucestershire, GL2 2JH.
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 period, 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:
Land & buildings
Property Improvements 20% cost
Fixtures & fittings
20% cost
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Smart Data Centre Solutions Limited
Notes to the Accounts
for the period from 1 December 2022 to 31 December 2023
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2022
41,274
234,863
96,169
6,121
378,427
Disposals
-
(180,126)
(2,120)
(2,248)
(184,494)
At 31 December 2023
41,274
54,737
94,049
3,873
193,933
At 1 December 2022
33,020
37,762
73,481
2,040
146,303
Charge for the period
8,255
6,008
11,648
1,398
27,309
On disposals
-
(1,437)
(424)
(749)
(2,610)
At 31 December 2023
41,275
42,333
84,705
2,689
171,002
At 31 December 2023
(1)
12,404
9,344
1,184
22,931
At 30 November 2022
8,254
197,101
22,688
4,081
232,124
Amounts falling due within one year
Trade debtors
484,712
734,339
Amounts due from group undertakings etc.
259,753
-
Other debtors
32,481
32,404
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
8,000
8,000
Obligations under finance leases and hire purchase contracts
5,472
5,472
Trade creditors
671,241
291,497
Taxes and social security
113,829
202,081
Loans from directors
1,191
75,189
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
5,674
8
Average number of employees
During the period the average number of employees was 11 (2022: 12).