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Company Registration No. 09053587 (England and Wales)
Smarter Appliances Ltd Unaudited accounts for the year ended 31 May 2024
Smarter Appliances Ltd Unaudited accounts Contents
Page
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Smarter Appliances Ltd Company Information for the year ended 31 May 2024
Director
Tim Stedeford
Company Number
09053587 (England and Wales)
Registered Office
136-137 HIGH STREET ILFRACOMBE EX34 9EZ ENGLAND
Accountants
RLJB Business Consulting Limited 14 Winchester Road Andover Hampshire SP10 2EG
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Smarter Appliances Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
113,210 
126,434 
Current assets
Debtors
885,499 
639,547 
Cash at bank and in hand
888,069 
1,016,116 
1,773,568 
1,655,663 
Creditors: amounts falling due within one year
(345,263)
(418,835)
Net current assets
1,428,305 
1,236,828 
Total assets less current liabilities
1,541,515 
1,363,262 
Creditors: amounts falling due after more than one year
(44,925)
(62,366)
Provisions for liabilities
Other provisions
(377,721)
(396,907)
Net assets
1,118,869 
903,989 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,118,769 
903,889 
Shareholders' funds
1,118,869 
903,989 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 December 2024 and were signed on its behalf by
Tim Stedeford Director Company Registration No. 09053587
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Smarter Appliances Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Smarter Appliances Ltd is a private company, limited by shares, registered in England and Wales, registration number 09053587. The registered office is 136-137 HIGH STREET, ILFRACOMBE, EX34 9EZ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
72,500 
49,844 
109,058 
231,402 
Additions
- 
20,795 
- 
20,795 
At 31 May 2024
72,500 
70,639 
109,058 
252,197 
Depreciation
At 1 June 2023
- 
24,922 
80,046 
104,968 
Charge for the year
- 
17,660 
16,359 
34,019 
At 31 May 2024
- 
42,582 
96,405 
138,987 
Net book value
At 31 May 2024
72,500 
28,057 
12,653 
113,210 
At 31 May 2023
72,500 
24,922 
29,012 
126,434 
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Smarter Appliances Ltd Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
598,165 
606,687 
Amounts due from group undertakings etc.
193,966 
- 
Accrued income and prepayments
27,076 
1,436 
Other debtors
36,292 
31,424 
855,499 
639,547 
Amounts falling due after more than one year
Other debtors
30,000 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
121,679 
86,436 
Trade creditors
130,976 
191,189 
Taxes and social security
92,608 
140,095 
Other creditors
- 
1,115 
345,263 
418,835 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
17,341 
27,978 
Obligations under finance leases and hire purchase contracts
27,584 
34,388 
44,925 
62,366 
8
Provisions for liabilities
£ 
At 1 June 2023
396,907 
Decrease in existing provisions
(19,186)
At 31 May 2024
377,721 
Bad Debt Provision
9
Average number of employees
During the year the average number of employees was 20 (2023: 20).
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