2023-04-012024-03-312024-03-31false12890341SMART PROCUREMENT SOLUTIONS LTD2024-06-2270229iso4217:GBPxbrli:pure128903412023-04-01128903412024-03-31128903412023-04-012024-03-31128903412022-04-01128903412023-03-31128903412022-04-012023-03-3112890341bus:SmallEntities2023-04-012024-03-3112890341bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3112890341bus:AbridgedAccounts2023-04-012024-03-3112890341bus:PrivateLimitedCompanyLtd2023-04-012024-03-3112890341core:WithinOneYear2024-03-3112890341core:AfterOneYear2024-03-3112890341core:WithinOneYear2023-03-3112890341core:AfterOneYear2023-03-3112890341core:ShareCapital2024-03-3112890341core:SharePremium2024-03-3112890341core:RevaluationReserve2024-03-3112890341core:OtherReservesSubtotal2024-03-3112890341core:RetainedEarningsAccumulatedLosses2024-03-3112890341core:ShareCapital2023-03-3112890341core:SharePremium2023-03-3112890341core:RevaluationReserve2023-03-3112890341core:OtherReservesSubtotal2023-03-3112890341core:RetainedEarningsAccumulatedLosses2023-03-3112890341core:LandBuildings2024-03-3112890341core:PlantMachinery2024-03-3112890341core:Vehicles2024-03-3112890341core:FurnitureFittings2024-03-3112890341core:OfficeEquipment2024-03-3112890341core:NetGoodwill2024-03-3112890341core:IntangibleAssetsOtherThanGoodwill2024-03-3112890341core:ListedExchangeTraded2024-03-3112890341core:UnlistedNon-exchangeTraded2024-03-3112890341core:LandBuildings2023-03-3112890341core:PlantMachinery2023-03-3112890341core:Vehicles2023-03-3112890341core:FurnitureFittings2023-03-3112890341core:OfficeEquipment2023-03-3112890341core:NetGoodwill2023-03-3112890341core:IntangibleAssetsOtherThanGoodwill2023-03-3112890341core:ListedExchangeTraded2023-03-3112890341core:UnlistedNon-exchangeTraded2023-03-3112890341core:LandBuildings2023-04-012024-03-3112890341core:PlantMachinery2023-04-012024-03-3112890341core:Vehicles2023-04-012024-03-3112890341core:FurnitureFittings2023-04-012024-03-3112890341core:OfficeEquipment2023-04-012024-03-3112890341core:NetGoodwill2023-04-012024-03-3112890341core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3112890341core:ListedExchangeTraded2023-04-012024-03-3112890341core:UnlistedNon-exchangeTraded2023-04-012024-03-3112890341core:MoreThanFiveYears2023-04-012024-03-3112890341core:Non-currentFinancialInstruments2024-03-3112890341core:Non-currentFinancialInstruments2023-03-3112890341dpl:CostSales2023-04-012024-03-3112890341dpl:DistributionCosts2023-04-012024-03-3112890341core:LandBuildings2023-04-012024-03-3112890341core:PlantMachinery2023-04-012024-03-3112890341core:Vehicles2023-04-012024-03-3112890341core:FurnitureFittings2023-04-012024-03-3112890341core:OfficeEquipment2023-04-012024-03-3112890341dpl:AdministrativeExpenses2023-04-012024-03-3112890341core:NetGoodwill2023-04-012024-03-3112890341core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3112890341dpl:GroupUndertakings2023-04-012024-03-3112890341dpl:ParticipatingInterests2023-04-012024-03-3112890341dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3112890341core:ListedExchangeTraded2023-04-012024-03-3112890341dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3112890341core:UnlistedNon-exchangeTraded2023-04-012024-03-3112890341dpl:CostSales2022-04-012023-03-3112890341dpl:DistributionCosts2022-04-012023-03-3112890341core:LandBuildings2022-04-012023-03-3112890341core:PlantMachinery2022-04-012023-03-3112890341core:Vehicles2022-04-012023-03-3112890341core:FurnitureFittings2022-04-012023-03-3112890341core:OfficeEquipment2022-04-012023-03-3112890341dpl:AdministrativeExpenses2022-04-012023-03-3112890341core:NetGoodwill2022-04-012023-03-3112890341core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3112890341dpl:GroupUndertakings2022-04-012023-03-3112890341dpl:ParticipatingInterests2022-04-012023-03-3112890341dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3112890341core:ListedExchangeTraded2022-04-012023-03-3112890341dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3112890341core:UnlistedNon-exchangeTraded2022-04-012023-03-3112890341core:NetGoodwill2024-03-3112890341core:IntangibleAssetsOtherThanGoodwill2024-03-3112890341core:LandBuildings2024-03-3112890341core:PlantMachinery2024-03-3112890341core:Vehicles2024-03-3112890341core:FurnitureFittings2024-03-3112890341core:OfficeEquipment2024-03-3112890341core:AfterOneYear2024-03-3112890341core:WithinOneYear2024-03-3112890341core:ListedExchangeTraded2024-03-3112890341core:UnlistedNon-exchangeTraded2024-03-3112890341core:ShareCapital2024-03-3112890341core:SharePremium2024-03-3112890341core:RevaluationReserve2024-03-3112890341core:OtherReservesSubtotal2024-03-3112890341core:RetainedEarningsAccumulatedLosses2024-03-3112890341core:NetGoodwill2023-03-3112890341core:IntangibleAssetsOtherThanGoodwill2023-03-3112890341core:LandBuildings2023-03-3112890341core:PlantMachinery2023-03-3112890341core:Vehicles2023-03-3112890341core:FurnitureFittings2023-03-3112890341core:OfficeEquipment2023-03-3112890341core:AfterOneYear2023-03-3112890341core:WithinOneYear2023-03-3112890341core:Liste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SMART PROCUREMENT SOLUTIONS LTD

Registered Number
12890341
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

SMART PROCUREMENT SOLUTIONS LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

Gareth Hugh Evans
Anna Chapman

Registered Address

17 Lincoln Crescent
Biggleswade
SG18 8HP

Registered Number

12890341 (England and Wales)
SMART PROCUREMENT SOLUTIONS LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets385447
85447
Current assets
Debtors3,2071,080
Cash at bank and on hand17,49852,230
20,70553,310
Creditors amounts falling due within one year(14,499)(35,583)
Net current assets (liabilities)6,20617,727
Total assets less current liabilities6,29118,174
Net assets6,29118,174
Capital and reserves
Profit and loss account6,29118,174
Shareholders' funds6,29118,174
The financial statements were approved and authorised for issue by the Board of Directors on 22 June 2024, and are signed on its behalf by:
Gareth Hugh Evans
Director
Registered Company No. 12890341
SMART PROCUREMENT SOLUTIONS LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
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.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment2
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 231,631
At 31 March 241,631
Depreciation and impairment
At 01 April 231,185
Charge for year361
At 31 March 241,547
Net book value
At 31 March 2485
At 31 March 23447