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REGISTERED NUMBER: 07230750 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Smart-Flo Ltd

Smart-Flo Ltd (Registered number: 07230750)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Smart-Flo Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: P Marwood
J Sherry





REGISTERED OFFICE: 30 Yorkersgate
Malton
North Yorkshire
YO17 7AW





REGISTERED NUMBER: 07230750 (England and Wales)





ACCOUNTANTS: Hardcastle France
Chartered Accountants
30 Yorkersgate
Malton
North Yorkshire
YO17 7AW

Smart-Flo Ltd (Registered number: 07230750)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 20,903 6,507
20,903 6,507

CURRENT ASSETS
Stocks 6,964 7,865
Debtors 6 55,928 56,258
Cash at bank and in hand 94,079 92,673
156,971 156,796
CREDITORS
Amounts falling due within one year 7 141,404 133,393
NET CURRENT ASSETS 15,567 23,403
TOTAL ASSETS LESS CURRENT LIABILITIES 36,470 29,910

PROVISIONS FOR LIABILITIES 4,350 1,236
NET ASSETS 32,120 28,674

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 32,020 28,574
SHAREHOLDERS' FUNDS 32,120 28,674

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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-Flo Ltd (Registered number: 07230750)

Balance Sheet - continued
30 April 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 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 4 September 2024 and were signed on its behalf by:




P Marwood - Director



J Sherry - Director


Smart-Flo Ltd (Registered number: 07230750)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Smart-Flo Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on cost
Motor vehicles - 25% on cost

Stocks and work in progress
Stocks are valued at the lower of cost or net realisable value, after making due allowance for obsolete and slow moving items.

Work in progress
Work in progress is recognised by reference to the stage of completion of amounts not invoiced.

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.


Smart-Flo Ltd (Registered number: 07230750)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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.

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 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 13,750
AMORTISATION
At 1 May 2023
and 30 April 2024 13,750
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

Smart-Flo Ltd (Registered number: 07230750)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 20,839 1,867 39,833 5,312 67,851
Additions - - 21,647 - 21,647
At 30 April 2024 20,839 1,867 61,480 5,312 89,498
DEPRECIATION
At 1 May 2023 14,901 1,567 39,833 5,043 61,344
Charge for year 1,567 184 5,412 88 7,251
At 30 April 2024 16,468 1,751 45,245 5,131 68,595
NET BOOK VALUE
At 30 April 2024 4,371 116 16,235 181 20,903
At 30 April 2023 5,938 300 - 269 6,507

The net book value of motor vehicles includes £16,235 (2023: £Nil) in respect of assets held under hire purchase contracts. The amount of depreciation in respect of such assets amounted to £5,412 (2023: £Nil).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 37,891 42,764
VAT 17,370 12,866
Prepayments 667 628
55,928 56,258

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 21,600 31,570
Hire purchase contracts 9,731 -
Trade creditors 88,979 81,685
Tax 13,705 14,039
Social security and other taxes 1,726 1,270
Directors' current accounts 499 2,549
Accruals and deferred income 5,164 2,280
141,404 133,393

Smart-Flo Ltd (Registered number: 07230750)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 9,731 -

The loans in respect of the hire purchase agreements are secured against the assets to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100