IRIS Accounts Production v24.2.0.383 10027846 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false Ordinary A Shares 1.00000 Ordinary B Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh100278462023-02-28100278462024-02-29100278462023-03-012024-02-29100278462022-02-28100278462022-03-012023-02-28100278462023-02-2810027846ns15:EnglandWales2023-03-012024-02-2910027846ns14:PoundSterling2023-03-012024-02-2910027846ns10:Director12023-03-012024-02-2910027846ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2910027846ns10:SmallEntities2023-03-012024-02-2910027846ns10:AuditExemptWithAccountantsReport2023-03-012024-02-2910027846ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2910027846ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2910027846ns10:FullAccounts2023-03-012024-02-2910027846ns10:OrdinaryShareClass12023-03-012024-02-2910027846ns10:OrdinaryShareClass22023-03-012024-02-2910027846ns10:Director22023-03-012024-02-2910027846ns10:RegisteredOffice2023-03-012024-02-2910027846ns5:CurrentFinancialInstruments2024-02-2910027846ns5:CurrentFinancialInstruments2023-02-2810027846ns5:Non-currentFinancialInstruments2024-02-2910027846ns5:Non-currentFinancialInstruments2023-02-2810027846ns5:PlantMachinery2023-02-2810027846ns5:PlantMachinery2023-03-012024-02-2910027846ns5:PlantMachinery2024-02-2910027846ns5:PlantMachinery2023-02-2810027846ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2910027846ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2810027846ns10:OrdinaryShareClass12024-02-2910027846ns10:OrdinaryShareClass22024-02-29
REGISTERED NUMBER: 10027846 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Smartronic Midlands Limited

Smartronic Midlands Limited (Registered number: 10027846)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Smartronic Midlands Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: M P Reeves
Mrs T Reeves





REGISTERED OFFICE: 29 Silvercourt
Brownhills
Walsall
West Midlands
WS8 6HA





REGISTERED NUMBER: 10027846 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Smartronic Midlands Limited (Registered number: 10027846)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 1,362 1,530

CURRENT ASSETS
Debtors 6 2,453 2,384
Cash at bank 74,177 71,000
76,630 73,384
CREDITORS
Amounts falling due within one year 7 (16,479 ) (17,381 )
NET CURRENT ASSETS 60,151 56,003
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,513

57,533

CREDITORS
Amounts falling due after more than one
year

8

(500

)

(900

)
NET ASSETS 61,013 56,633

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 60,913 56,533
SHAREHOLDERS' FUNDS 61,013 56,633

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Smartronic Midlands Limited (Registered number: 10027846)

Balance Sheet - continued
29 February 2024


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 and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2024 and were signed on its behalf by:





M P Reeves - Director


Smartronic Midlands Limited (Registered number: 10027846)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Smartronic Midlands 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There are no material departures from the Standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Smartronic Midlands Limited (Registered number: 10027846)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 2,208
Additions 999
Disposals (1,139 )
At 29 February 2024 2,068
DEPRECIATION
At 1 March 2023 678
Charge for year 724
Eliminated on disposal (696 )
At 29 February 2024 706
NET BOOK VALUE
At 29 February 2024 1,362
At 28 February 2023 1,530

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,453 2,384

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 400 400
Trade creditors 31 168
Taxation and social security 2,251 2,455
Other creditors 13,797 14,358
16,479 17,381

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 500 900

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
75 Ordinary A Shares £1 75 75
25 Ordinary B Shares £1 25 25
100 100

Smartronic Midlands Limited (Registered number: 10027846)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. CALLED UP SHARE CAPITAL - continued

The ordinary A shares and ordinary B shares are separate classes of shares for the purpose of declaring dividends.

In all other respects, the shares rank pari passu.

10. RELATED PARTY DISCLOSURES

M P Reeves, a director of this company conducts a freelance trade as an independent operation. An amount of £2,453 (2023 - £2,384) was due to the company from this business at 28 February 2024. This amount is payable on demand, is unsecured and there are no specific terms regarding payment of interest.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Smartronic Midlands Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Smartronic Midlands Limited for the year ended 29 February 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Smartronic Midlands Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Smartronic Midlands Limited and state those matters that we have agreed to state to the Board of Directors of Smartronic Midlands Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Smartronic Midlands Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Smartronic Midlands Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Smartronic Midlands Limited. You consider that Smartronic Midlands Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Smartronic Midlands Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


5 August 2024