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REGISTERED NUMBER: 07115996















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Smart Gas Utilities Limited

Smart Gas Utilities Limited (Registered number: 07115996)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Smart Gas Utilities Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J L Lamb





REGISTERED OFFICE: Unit 32
Raglan Works
Methley Road
Castleford
West Yorkshire
WF10 1NX





REGISTERED NUMBER: 07115996





ACCOUNTANTS: E.p.i.c. Accountancy Ltd
66 Beacon Drive
Upton
Pontefract
West Yorkshire
WF9 1EF

Smart Gas Utilities Limited (Registered number: 07115996)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,908 20,215

CURRENT ASSETS
Stocks 3,921 3,756
Debtors 5 41,614 67,516
Cash at bank 132,107 92,622
177,642 163,894
CREDITORS
Amounts falling due within one year 6 68,506 56,713
NET CURRENT ASSETS 109,136 107,181
TOTAL ASSETS LESS CURRENT
LIABILITIES

131,044

127,396

CREDITORS
Amounts falling due after more than
one year

7

(13,821

)

(23,515

)

PROVISIONS FOR LIABILITIES (5,188 ) (4,934 )
NET ASSETS 112,035 98,947

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 112,033 98,945
SHAREHOLDERS' FUNDS 112,035 98,947

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Gas Utilities Limited (Registered number: 07115996)

Balance Sheet - continued
31 March 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 director and authorised for issue on 25 November 2024 and were signed by:





J L Lamb - Director


Smart Gas Utilities Limited (Registered number: 07115996)

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

1. STATUTORY INFORMATION

Smart Gas Utilities Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% 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.

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.

Smart Gas Utilities Limited (Registered number: 07115996)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 48,023 18,625 10,620 77,268
Additions 4,733 8,329 532 13,594
At 31 March 2024 52,756 26,954 11,152 90,862
DEPRECIATION
At 1 April 2023 31,935 18,625 6,493 57,053
Charge for year 8,689 1,665 1,547 11,901
At 31 March 2024 40,624 20,290 8,040 68,954
NET BOOK VALUE
At 31 March 2024 12,132 6,664 3,112 21,908
At 31 March 2023 16,088 - 4,127 20,215



Smart Gas Utilities Limited (Registered number: 07115996)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 14,425
DEPRECIATION
At 1 April 2023
and 31 March 2024 14,424
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 24,156 26,820
Other debtors 17,458 40,696
41,614 67,516

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 9,690 9,690
Trade creditors 3,819 1,596
Tax 30,610 22,990
Social security and other taxes 20,824 17,619
Other creditors 131 142
Directors' current accounts 136 196
Accruals and deferred income 1 -
Accrued expenses 3,295 4,480
68,506 56,713

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2-5 years 13,821 23,515

Smart Gas Utilities Limited (Registered number: 07115996)

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

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J L Lamb.