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REGISTERED NUMBER: 11045678 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SMARTPARC LIMITED

SMARTPARC LIMITED (REGISTERED NUMBER: 11045678)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SMARTPARC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs J Wild
Mr M A McDonnell





REGISTERED OFFICE: Chalfont Park House
Chalfont Park
Gerrards Cross
Buckinghamshire
SL9 0DZ





REGISTERED NUMBER: 11045678 (England and Wales)





ACCOUNTANTS: Cube Partners Limited
Chartered Accountants
5 Giffard Court
Millbrook Close
Northampton
Northamptonshire
NN5 5JF

SMARTPARC LIMITED (REGISTERED NUMBER: 11045678)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 80,955 65,238
Investments 5 90,913 -
171,868 65,238

CURRENT ASSETS
Stocks 1,222,253 902,006
Debtors 6 11,548,273 8,827,024
Cash at bank 84,955 350,384
12,855,481 10,079,414
CREDITORS
Amounts falling due within one year 7 10,498,417 9,891,227
NET CURRENT ASSETS 2,357,064 188,187
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,528,932

253,425

PROVISIONS FOR LIABILITIES 17,558 13,175
NET ASSETS 2,511,374 240,250

CAPITAL AND RESERVES
Called up, fully paid share capital 100 100
Retained earnings 2,511,274 240,150
2,511,374 240,250

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2024 and were signed on its behalf by:





Mrs J Wild - Director


SMARTPARC LIMITED (REGISTERED NUMBER: 11045678)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

SmartParc 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. 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.

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 - 10% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks represents work in progress at the year end which is valued at the lower of cost and net realiseable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 14 (2022 - 12 ) .

SMARTPARC LIMITED (REGISTERED NUMBER: 11045678)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 56,690 15,043 16,906 - 88,639
Additions - 3,621 - 26,347 29,968
At 31 December 2023 56,690 18,664 16,906 26,347 118,607
DEPRECIATION
At 1 January 2023 12,755 7,265 3,381 - 23,401
Charge for year 5,669 3,368 2,706 2,508 14,251
At 31 December 2023 18,424 10,633 6,087 2,508 37,652
NET BOOK VALUE
At 31 December 2023 38,266 8,031 10,819 23,839 80,955
At 31 December 2022 43,935 7,778 13,525 - 65,238

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 90,913
At 31 December 2023 90,913
NET BOOK VALUE
At 31 December 2023 90,913

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 488,363 139,271
Amounts owed by group undertakings 1,403,334 340,844
Other debtors 9,656,576 8,346,909
11,548,273 8,827,024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 162,595 260,971
Taxation and social security 103,782 114,041
Other creditors 10,232,040 9,516,215
10,498,417 9,891,227