2023-06-012024-05-312024-05-31false10749393SMARTWAY CARS LIMITED2025-02-07falseiso4217:GBPxbrli:pure107493932023-06-01107493932024-05-31107493932023-06-012024-05-31107493932022-06-01107493932023-05-31107493932022-06-012023-05-3110749393bus:SmallEntities2023-06-012024-05-3110749393bus:AuditExempt-NoAccountantsReport2023-06-012024-05-3110749393bus:FullAccounts2023-06-012024-05-3110749393bus:PrivateLimitedCompanyLtd2023-06-012024-05-3110749393core:WithinOneYear2024-05-3110749393core:AfterOneYear2024-05-3110749393core:WithinOneYear2023-05-3110749393core:AfterOneYear2023-05-3110749393core:ShareCapital2024-05-3110749393core:SharePremium2024-05-3110749393core:RevaluationReserve2024-05-3110749393core:OtherReservesSubtotal2024-05-3110749393core:RetainedEarningsAccumulatedLosses2024-05-3110749393core:ShareCapital2023-05-3110749393core:SharePremium2023-05-3110749393core:RevaluationReserve2023-05-3110749393core:OtherReservesSubtotal2023-05-3110749393core:RetainedEarningsAccumulatedLosses2023-05-3110749393core:LandBuildings2024-05-3110749393core:PlantMachinery2024-05-3110749393core:Vehicles2024-05-3110749393core:FurnitureFittings2024-05-3110749393core:OfficeEquipment2024-05-3110749393core:NetGoodwill2024-05-3110749393core:IntangibleAssetsOtherThanGoodwill2024-05-3110749393core:ListedExchangeTraded2024-05-3110749393core:UnlistedNon-exchangeTraded2024-05-3110749393core:LandBuildings2023-05-3110749393core:PlantMachinery2023-05-3110749393core:Vehicles2023-05-3110749393core:FurnitureFittings2023-05-3110749393core:OfficeEquipment2023-05-3110749393core:NetGoodwill2023-05-3110749393core:IntangibleAssetsOtherThanGoodwill2023-05-3110749393core:ListedExchangeTraded2023-05-3110749393core:UnlistedNon-exchangeTraded2023-05-3110749393core:LandBuildings2023-06-012024-05-3110749393core:PlantMachinery2023-06-012024-05-3110749393core:Vehicles2023-06-012024-05-3110749393core:FurnitureFittings2023-06-012024-05-3110749393core:OfficeEquipment2023-06-012024-05-3110749393core:NetGoodwill2023-06-012024-05-3110749393core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3110749393core:ListedExchangeTraded2023-06-012024-05-3110749393core:UnlistedNon-exchangeTraded2023-06-012024-05-3110749393core:MoreThanFiveYears2023-06-012024-05-3110749393core:Non-currentFinancialInstruments2024-05-3110749393core:Non-currentFinancialInstruments2023-05-3110749393dpl:CostSales2023-06-012024-05-3110749393dpl:DistributionCosts2023-06-012024-05-3110749393core:LandBuildings2023-06-012024-05-3110749393core:PlantMachinery2023-06-012024-05-3110749393core:Vehicles2023-06-012024-05-3110749393core:FurnitureFittings2023-06-012024-05-3110749393core:OfficeEquipment2023-06-012024-05-3110749393dpl:AdministrativeExpenses2023-06-012024-05-3110749393core:NetGoodwill2023-06-012024-05-3110749393core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3110749393dpl:GroupUndertakings2023-06-012024-05-3110749393dpl:ParticipatingInterests2023-06-012024-05-3110749393dpl:GroupUndertakingscore:ListedExchangeTraded2023-06-012024-05-3110749393core:ListedExchangeTraded2023-06-012024-05-3110749393dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-06-012024-05-3110749393core:UnlistedNon-exchangeTraded2023-06-012024-05-3110749393dpl:CostSales2022-06-012023-05-3110749393dpl:DistributionCosts2022-06-012023-05-3110749393core:LandBuildings2022-06-012023-05-3110749393core:PlantMachinery2022-06-012023-05-3110749393core:Vehicles2022-06-012023-05-3110749393core:FurnitureFittings2022-06-012023-05-3110749393core:OfficeEquipment2022-06-012023-05-3110749393dpl:AdministrativeExpenses2022-06-012023-05-3110749393core:NetGoodwill2022-06-012023-05-3110749393core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3110749393dpl:GroupUndertakings2022-06-012023-05-3110749393dpl:ParticipatingInterests2022-06-012023-05-3110749393dpl:GroupUndertakingscore:ListedExchangeTraded2022-06-012023-05-3110749393core:ListedExchangeTraded2022-06-012023-05-3110749393dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-06-012023-05-3110749393core:UnlistedNon-exchangeTraded2022-06-012023-05-3110749393core:NetGoodwill2024-05-3110749393core:IntangibleAssetsOtherThanGoodwill2024-05-3110749393core:LandBuildings2024-05-3110749393core:PlantMachinery2024-05-3110749393core:Vehicles2024-05-3110749393core:FurnitureFittings2024-05-3110749393core:OfficeEquipment2024-05-3110749393core:AfterOneYear2024-05-3110749393core:WithinOneYear2024-05-3110749393core:ListedExchangeTraded2024-05-3110749393core:UnlistedNon-exchangeTraded2024-05-3110749393core:ShareCapital2024-05-3110749393core:SharePremium2024-05-3110749393core:RevaluationReserve2024-05-3110749393core:OtherReservesSubtotal2024-05-3110749393core:RetainedEarningsAccumulatedLosses2024-05-3110749393core:NetGoodwill2023-05-3110749393core:IntangibleAssetsOtherThanGoodwill2023-05-3110749393core:LandBuildings2023-05-3110749393core:PlantMachinery2023-05-3110749393core:Vehicles2023-05-3110749393core:FurnitureFittings2023-05-3110749393core:OfficeEquipment2023-05-3110749393core:AfterOneYear2023-05-3110749393core:WithinOneYear2023-05-3110749393core:ListedExchangeTraded2023-05-3110749393core:UnlistedNon-exchangeTraded2023-05-3110749393core:ShareCapital2023-05-3110749393core:SharePremium2023-05-3110749393core:RevaluationReserve2023-05-3110749393core:OtherReservesSubtotal2023-05-3110749393core:RetainedEarningsAccumulatedLosses2023-05-3110749393core:NetGoodwill2022-06-0110749393core:IntangibleAssetsOtherThanGoodwill2022-06-0110749393core:LandBuildings2022-06-0110749393core:PlantMachinery2022-06-0110749393core:Vehicles2022-06-0110749393core:FurnitureFittings2022-06-0110749393core:OfficeEquipment2022-06-0110749393core:AfterOneYear2022-06-0110749393core:WithinOneYear2022-06-0110749393core:ListedExchangeTraded2022-06-0110749393core:UnlistedNon-exchangeTraded2022-06-0110749393core:ShareCapital2022-06-0110749393core:SharePremium2022-06-0110749393core:RevaluationReserve2022-06-0110749393core:OtherReservesSubtotal2022-06-0110749393core:RetainedEarningsAccumulatedLosses2022-06-0110749393core:AfterOneYear2023-06-012024-05-3110749393core:WithinOneYear2023-06-012024-05-3110749393core:Non-currentFinancialInstrumentscore:CostValuation2023-06-012024-05-3110749393core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-06-012024-05-3110749393core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-06-012024-05-3110749393core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-06-012024-05-3110749393core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-06-012024-05-3110749393core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-06-012024-05-3110749393core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-06-012024-05-3110749393core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-06-012024-05-3110749393core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-06-012024-05-3110749393core:Non-currentFinancialInstrumentscore:CostValuation2024-05-3110749393core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-05-3110749393core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-05-3110749393core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-05-3110749393core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-05-3110749393core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-05-3110749393core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-05-3110749393core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-05-3110749393core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-05-3110749393core:Non-currentFinancialInstrumentscore:CostValuation2023-05-3110749393core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-05-3110749393core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-05-3110749393core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-05-3110749393core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-05-3110749393core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-05-3110749393core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-05-3110749393core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-05-3110749393core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-05-3110749393bus:Director12023-06-012024-05-31

SMARTWAY CARS LIMITED

Registered Number
10749393
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

SMARTWAY CARS LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

James Parsons

Registered Address

1 Burgess Close
Odiham
Hook
RG29 1PG

Registered Number

10749393 (England and Wales)
SMARTWAY CARS LIMITED
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets320,12823,055
20,12823,055
Current assets
Stocks4332,390180,150
Debtors536,09812,405
Cash at bank and on hand92,458188,750
460,946381,305
Creditors amounts falling due within one year6(101,448)(110,091)
Net current assets (liabilities)359,498271,214
Total assets less current liabilities379,626294,269
Creditors amounts falling due after one year7(34,790)(38,819)
Net assets344,836255,450
Capital and reserves
Called up share capital11
Profit and loss account344,835255,449
Shareholders' funds344,836255,450
The financial statements were approved and authorised for issue by the Director on 7 February 2025, and are signed on its behalf by:
James Parsons
Director
Registered Company No. 10749393
SMARTWAY CARS LIMITED
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
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.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Vehicles8
Office Equipment4
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 June 2329,6831,97531,658
Additions-1,3981,398
At 31 May 2429,6833,37333,056
Depreciation and impairment
At 01 June 238,2063978,603
Charge for year3,7106154,325
At 31 May 2411,9161,01212,928
Net book value
At 31 May 2417,7672,36120,128
At 31 May 2321,4771,57823,055
4.Stocks

2024

2023

££
Finished goods332,390180,150
Total332,390180,150
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables32,3009,650
Other debtors3939
Prepayments and accrued income3,7592,716
Total36,09812,405
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables37,920182
Bank borrowings and overdrafts5,8365,836
Taxation and social security51,21152,628
Other creditors4,48746,043
Accrued liabilities and deferred income1,9945,402
Total101,448110,091
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts34,79038,819
Total34,79038,819
8.Other commitments
The company has future rental lease commitments of £14,400.