IRIS Accounts Production v24.3.0.553 03171445 Board of Directors Board of Directors 1.8.23 31.7.24 31.7.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh031714452023-07-31031714452024-07-31031714452023-08-012024-07-31031714452022-07-31031714452022-08-012023-07-31031714452023-07-3103171445ns15:EnglandWales2023-08-012024-07-3103171445ns14:PoundSterling2023-08-012024-07-3103171445ns10:Director12023-08-012024-07-3103171445ns10:Director22023-08-012024-07-3103171445ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3103171445ns10:SmallEntities2023-08-012024-07-3103171445ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3103171445ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3103171445ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3103171445ns10:FullAccounts2023-08-012024-07-310317144512023-08-012024-07-3103171445ns10:RegisteredOffice2023-08-012024-07-3103171445ns5:CurrentFinancialInstruments2024-07-3103171445ns5:CurrentFinancialInstruments2023-07-3103171445ns5:ShareCapital2024-07-3103171445ns5:ShareCapital2023-07-3103171445ns5:CapitalRedemptionReserve2024-07-3103171445ns5:CapitalRedemptionReserve2023-07-3103171445ns5:RetainedEarningsAccumulatedLosses2024-07-3103171445ns5:RetainedEarningsAccumulatedLosses2023-07-3103171445ns5:ComputerSoftware2023-08-012024-07-3103171445ns5:FurnitureFittings2023-08-012024-07-3103171445ns5:MotorVehicles2023-08-012024-07-3103171445ns5:ComputerEquipment2023-08-012024-07-3103171445ns5:ComputerSoftware2023-07-3103171445ns5:ComputerSoftware2024-07-3103171445ns5:ComputerSoftware2023-07-3103171445ns5:LandBuildings2023-07-3103171445ns5:FurnitureFittings2023-07-3103171445ns5:MotorVehicles2023-07-3103171445ns5:ComputerEquipment2023-07-3103171445ns5:LandBuildings2023-08-012024-07-3103171445ns5:LandBuildings2024-07-3103171445ns5:FurnitureFittings2024-07-3103171445ns5:MotorVehicles2024-07-3103171445ns5:ComputerEquipment2024-07-3103171445ns5:LandBuildings2023-07-3103171445ns5:FurnitureFittings2023-07-3103171445ns5:MotorVehicles2023-07-3103171445ns5:ComputerEquipment2023-07-3103171445ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3103171445ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-31031714451ns10:Director12023-07-31031714451ns10:Director12022-07-31031714451ns10:Director12023-08-012024-07-31031714451ns10:Director12022-08-012023-07-31031714451ns10:Director12024-07-31031714451ns10:Director12023-07-3103171445ns10:Director222023-07-3103171445ns10:Director222022-07-3103171445ns10:Director222023-08-012024-07-3103171445ns10:Director222022-08-012023-07-3103171445ns10:Director222024-07-3103171445ns10:Director222023-07-31
REGISTERED NUMBER: 03171445 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Smart Computers Limited

Smart Computers Limited (Registered number: 03171445)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Smart Computers Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr T Potts
Mr W J Rendell





REGISTERED OFFICE: Unit 22 Enterprise Way
Cheltenham Trade Park
Cheltenham
Gloucestershire
GL51 8LZ





REGISTERED NUMBER: 03171445 (England and Wales)





ACCOUNTANTS: Stanbridge Accountancy Services Limited
9 Wheatstone Court
Waterwells Business Park
Davy Way
Gloucester
Gloucestershire
GL2 2AQ

Smart Computers Limited (Registered number: 03171445)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 753,108 569,302
753,108 569,302

CURRENT ASSETS
Stocks 21,105 12,248
Debtors 6 111,390 83,444
Cash at bank and in hand 386,359 496,331
518,854 592,023
CREDITORS
Amounts falling due within one year 7 215,741 222,803
NET CURRENT ASSETS 303,113 369,220
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,056,221

938,522

PROVISIONS FOR LIABILITIES 37,440 48,401
NET ASSETS 1,018,781 890,121

CAPITAL AND RESERVES
Called up share capital 171 171
Capital redemption reserve 5 5
Retained earnings 1,018,605 889,945
SHAREHOLDERS' FUNDS 1,018,781 890,121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

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

Smart Computers Limited (Registered number: 03171445)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by:




Mr T Potts - Director



Mr W J Rendell - Director


Smart Computers Limited (Registered number: 03171445)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Smart Computers 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.

Turnover
Turnover represents the net invoiced sales of goods and services, excluding value added tax.

Revenue is recognised on completion of each sale and at regular periods for ongoing rental contracts.

Database
Amortisation is provided to write off the information technology database evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 50% on cost
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.


Smart Computers Limited (Registered number: 03171445)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued
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.

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 21 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
I.T.
database
£   
COST
At 1 August 2023
and 31 July 2024 11,175
AMORTISATION
At 1 August 2023
and 31 July 2024 11,175
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

Smart Computers Limited (Registered number: 03171445)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 375,700 45,279 60,451 527,470 1,008,900
Additions 227,650 - 25,903 83,396 336,949
Disposals - - (4,700 ) (121,419 ) (126,119 )
At 31 July 2024 603,350 45,279 81,654 489,447 1,219,730
DEPRECIATION
At 1 August 2023 - 45,279 38,521 355,798 439,598
Charge for year - - 22,810 105,196 128,006
Eliminated on disposal - - (4,700 ) (96,282 ) (100,982 )
At 31 July 2024 - 45,279 56,631 364,712 466,622
NET BOOK VALUE
At 31 July 2024 603,350 - 25,023 124,735 753,108
At 31 July 2023 375,700 - 21,930 171,672 569,302

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 57,827 50,574
Other debtors 35,270 32,870
Prepayments and accrued income 18,293 -
111,390 83,444

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 40,320 61,340
Tax 100,608 98,804
Social security and other taxes 4,565 4,663
VAT 42,767 37,011
Other creditors 5,496 2,945
Accrued expenses 21,985 18,040
215,741 222,803

Smart Computers Limited (Registered number: 03171445)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
Mr T Potts
Balance outstanding at start of year 7,500 7,500
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,500 7,500

Mr W J Rendell
Balance outstanding at start of year 7,500 7,500
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,500 7,500

9. RELATED PARTY DISCLOSURES

Mr T Potts £49,100 (2023 - £61,485)
Mr W J Rendell £49,100 (2023 - £59,600)

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr T Potts.

The ultimate controlling party is Mr T Potts.