Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10474758 Mr Shaun Lee Mr Neil Bishop Mr Mark Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10474758 2023-04-30 10474758 2024-04-30 10474758 2023-05-01 2024-04-30 10474758 frs-core:CurrentFinancialInstruments 2024-04-30 10474758 frs-core:Non-currentFinancialInstruments 2024-04-30 10474758 frs-core:FurnitureFittings 2024-04-30 10474758 frs-core:FurnitureFittings 2023-05-01 2024-04-30 10474758 frs-core:FurnitureFittings 2023-04-30 10474758 frs-core:OtherReservesSubtotal 2024-04-30 10474758 frs-core:ShareCapital 2024-04-30 10474758 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10474758 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10474758 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10474758 frs-bus:SmallEntities 2023-05-01 2024-04-30 10474758 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10474758 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10474758 frs-bus:Director1 2023-05-01 2024-04-30 10474758 frs-bus:Director2 2023-05-01 2024-04-30 10474758 frs-bus:Director3 2023-05-01 2024-04-30 10474758 frs-countries:EnglandWales 2023-05-01 2024-04-30 10474758 2022-04-30 10474758 2023-04-30 10474758 2022-05-01 2023-04-30 10474758 frs-core:CurrentFinancialInstruments 2023-04-30 10474758 frs-core:Non-currentFinancialInstruments 2023-04-30 10474758 frs-core:OtherReservesSubtotal 2023-04-30 10474758 frs-core:ShareCapital 2023-04-30 10474758 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 10474758
Smarter Operations Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10474758
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,005 2,566
2,005 2,566
CURRENT ASSETS
Debtors 5 127,504 117,146
Cash at bank and in hand 56,164 6,336
183,668 123,482
Creditors: Amounts Falling Due Within One Year 6 (154,281 ) (89,644 )
NET CURRENT ASSETS (LIABILITIES) 29,387 33,838
TOTAL ASSETS LESS CURRENT LIABILITIES 31,392 36,404
Creditors: Amounts Falling Due After More Than One Year 7 (28,241 ) (33,796 )
NET ASSETS 3,151 2,608
CAPITAL AND RESERVES
Called up share capital 8 8 8
Other reserves (2 ) (2 )
Profit and Loss Account 3,145 2,602
SHAREHOLDERS' FUNDS 3,151 2,608
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For the year ending 30 April 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Shaun Lee
Director
Mr Neil Bishop
Director
Mr Mark Williams
Director
22 January 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Smarter Operations Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10474758 . The registered office is 5 Den Road, Teignmouth, Devon, TQ14 8AR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% straight line
2.4. Financial Instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.8. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
2.9. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2023: 26)
22 26
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 May 2023 3,686
As at 30 April 2024 3,686
Depreciation
As at 1 May 2023 1,120
Provided during the period 561
As at 30 April 2024 1,681
Net Book Value
As at 30 April 2024 2,005
As at 1 May 2023 2,566
5. Debtors
2024 2023
£ £
Due within one year
Amounts recoverable on contracts 96,000 52,000
Prepayments and accrued income 12,350 15,150
Other debtors 8 8
Amounts owed by associates 19,146 49,988
127,504 117,146
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 13,514 17,035
Bank loans and overdrafts 5,556 5,556
Corporation tax 33,968 25,907
Other taxes and social security 6,327 5,232
VAT 43,419 34,321
Other creditors 2,339 1,593
Amounts owed to associates 49,158 -
154,281 89,644
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 28,241 33,796
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 8 8
9. Related Party Transactions
During the year ended 30 April 2024 and previous years services were provided to a related company. These services are considered to be at market rate.
At the year end, 30 April 2024, £19,146 (2023: £49,988) was owed to the company by related companies. These amounts are interest free, repayable on demand and are included within debtors due within one year.
At the year end, 30 April 2024, £49,158 (2023: £nil) was owed by the company to related companies. These amounts are interest free, repayable on demand and are included within creditors due within one year.
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