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REGISTERED NUMBER: 10838889 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Smart Power (Northern) Limited

Smart Power (Northern) Limited (Registered number: 10838889)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Smart Power (Northern) Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr A M Drinkall





REGISTERED OFFICE: 66 Beck Bank
Cottingham
HU16 4LH





REGISTERED NUMBER: 10838889 (England and Wales)





ACCOUNTANTS: JT Accountancy Services Limited
Office 506, K2 Building
Hull
Humberside
HU1 3EN

Smart Power (Northern) Limited (Registered number: 10838889)

Abridged Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,070 57,378

CURRENT ASSETS
Stocks 49,795 53,486
Debtors 87,539 128,751
Cash at bank 24,051 -
161,385 182,237
CREDITORS
Amounts falling due within one year 135,506 183,316
NET CURRENT ASSETS/(LIABILITIES) 25,879 (1,079 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,949

56,299

CREDITORS
Amounts falling due after more than one
year

63,547

56,194
NET ASSETS 8,402 105

CAPITAL AND RESERVES
Called up share capital 5 100 100
Revaluation reserve 13,250 -
Retained earnings (4,948 ) 5
SHAREHOLDERS' FUNDS 8,402 105

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Smart Power (Northern) Limited (Registered number: 10838889)

Abridged Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 February 2024 and were signed by:





Mr A M Drinkall - Director


Smart Power (Northern) Limited (Registered number: 10838889)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Smart Power (Northern) 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 as modified by the revaluation of certain assets.

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 - 20% on cost
Fixtures and fittings - 33% on cost
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 year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

Smart Power (Northern) Limited (Registered number: 10838889)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 December 2022 109,494
Additions 774
Disposals (19,944 )
Revaluations 13,250
At 30 November 2023 103,574
DEPRECIATION
At 1 December 2022 52,116
Charge for year 12,720
Eliminated on disposal (7,332 )
At 30 November 2023 57,504
NET BOOK VALUE
At 30 November 2023 46,070
At 30 November 2022 57,378

Cost or valuation at 30 November 2023 is represented by:

Totals
£   
Valuation in 2023 13,250
Cost 90,324
103,574

Smart Power (Northern) Limited (Registered number: 10838889)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

6. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A M Drinkall.