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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
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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
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Smart Data Centre Solutions Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
22,931 
232,124 
Current assets
Inventories
165,446 
86,171 
Debtors
776,946 
766,743 
Cash at bank and in hand
595,299 
189,539 
1,537,691 
1,042,453 
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 
Capital and reserves
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
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Smart Data Centre Solutions Limited Notes to the Accounts for the period from 1 December 2022 to 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Motor vehicles
25% cost
Fixtures & fittings
20% cost
Turnover
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
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.
Leased assets
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.
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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 
Depreciation
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 
Net book value
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 
5
Debtors
2023 
2022 
£ 
£ 
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 
776,946 
766,743 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
8,000 
8,000 
VAT
22,306 
73,764 
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 
Other creditors
- 
2,201 
Loans from directors
1,191 
75,189 
Accruals
2,899 
7,181 
824,938 
665,385 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
13,246 
21,333 
Obligations under finance leases and hire purchase contracts
- 
5,674 
13,246 
27,007 
8
Average number of employees
During the period the average number of employees was 11 (2022: 12).
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