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REGISTERED NUMBER: 09695715 (England and Wales)










Smart Display & Exhibitions Ltd

Unaudited Financial Statements

for the Year Ended 31 July 2024






Smart Display & Exhibitions Ltd (Registered number: 09695715)






Contents of the Financial Statements
for the year ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

Smart Display & Exhibitions Ltd

Company Information
for the year ended 31 July 2024







DIRECTORS: C P Stewart
L J Stewart





REGISTERED OFFICE: Suite 3, Aireside House
Aireside Business Centre
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ





REGISTERED NUMBER: 09695715 (England and Wales)





ACCOUNTANTS: Walkers Accountants Limited
Aireside House
Aireside Business Centre
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ

Smart Display & Exhibitions Ltd (Registered number: 09695715)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 246,203 107,171

CURRENT ASSETS
Debtors 5 349,035 265,289
Cash at bank and in hand 75,668 104,038
424,703 369,327
CREDITORS
Amounts falling due within one year 6 (545,945 ) (464,567 )
NET CURRENT LIABILITIES (121,242 ) (95,240 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,961

11,931

CREDITORS
Amounts falling due after more than one
year

7

(99,843

)

(71,817

)
NET ASSETS/(LIABILITIES) 25,118 (59,886 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 25,117 (59,887 )
SHAREHOLDERS' FUNDS 25,118 (59,886 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Display & Exhibitions Ltd (Registered number: 09695715)

Balance Sheet - continued
31 July 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 Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:





C P Stewart - Director


Smart Display & Exhibitions Ltd (Registered number: 09695715)

Notes to the Financial Statements
for the year ended 31 July 2024

1. STATUTORY INFORMATION

Smart Display & Exhibitions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
With the continued support of the company's bankers, landlord and council, the director believes it is correct to prepare the accounts on a going concern basis as the market and company fortunes continue to recover after the pandemic..

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

It is recognised on completion and delivery of an individual contract which comprises 20% being incurred in the preparation stages and 80% on delivery at the exhibition or show.

Smart Display & Exhibitions Ltd (Registered number: 09695715)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
All tangible fixed assets are at cost less accumulated depreciation. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Assets held under finance lease are depreciated in the same manner as owned assets.

Renewals, repairs and maintenance are charged to profit and loss during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using a mixture of methods. The depreciation bases are as follows:-

- Improvements to landlord property 10% straight line basis
- Short leasehold capital costs over a 5 year term being the length of the lease
- Fixtures and fittings 25% reducing balance basis
- Plant & machinery being 3 year straight line basis and 20% reducing balance basis dependent on the asset.
- Motor vehicles 25% reducing balance basis.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are credited or charged to the income statement.

Impairment of fixed assets
At each balance sheet date, the Company reverses, the carrying amounts of its property, plant and equipment to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indications exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less that its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Where an impairment loss subsequently reserves, the carrying amount of the asset is increased to the revised estimate of its recoverable amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in the prior years. A reversal of an impairment loss is recognised as income immediately.

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.


Smart Display & Exhibitions Ltd (Registered number: 09695715)

Notes to the Financial Statements - continued
for the year ended 31 July 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
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.

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.

Government grants
Grants received in relation to furlough are intended to cover cost and are therefore recognised in the profit and loss in the same period in which the related expense was incurred

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 3,913 233,318 237,231
Additions 28,787 176,205 204,992
At 31 July 2024 32,700 409,523 442,223
DEPRECIATION
At 1 August 2023 3,913 126,147 130,060
Charge for year 3,928 62,032 65,960
At 31 July 2024 7,841 188,179 196,020
NET BOOK VALUE
At 31 July 2024 24,859 221,344 246,203
At 31 July 2023 - 107,171 107,171

Smart Display & Exhibitions Ltd (Registered number: 09695715)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 22,600
DEPRECIATION
At 1 August 2023
and 31 July 2024 24,375
NET BOOK VALUE
At 31 July 2024 (1,775 )
At 31 July 2023 (1,775 )

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 219,286 161,446
Other debtors 129,749 103,843
349,035 265,289

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 36,842 36,842
Hire purchase contracts (see note 8) 20,648 11,288
Trade creditors 122,401 87,813
Taxation and social security 83,482 91,118
Other creditors 282,572 237,506
545,945 464,567

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 30,702 67,544
Hire purchase contracts (see note 8) 69,141 4,273
99,843 71,817

Smart Display & Exhibitions Ltd (Registered number: 09695715)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.7.24 31.7.23
£    £   
Gross obligations repayable:
Within one year 29,106 11,880
Between one and five years 82,041 4,461
111,147 16,341

Finance charges repayable:
Within one year 8,458 592
Between one and five years 12,900 188
21,358 780

Net obligations repayable:
Within one year 20,648 11,288
Between one and five years 69,141 4,273
89,789 15,561

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
C P Stewart
Balance outstanding at start of year 46,943 46,943
Amounts advanced 4,550 -
Amounts repaid (1,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 49,993 46,943

L J Stewart
Balance outstanding at start of year - -
Amounts advanced 11,357 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,357 -

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Smart Display & Exhibitions Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Smart Display & Exhibitions Ltd for the year ended 31 July 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Smart Display & Exhibitions Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Smart Display & Exhibitions Ltd and state those matters that we have agreed to state to the Board of Directors of Smart Display & Exhibitions Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Smart Display & Exhibitions Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Smart Display & Exhibitions Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Smart Display & Exhibitions Ltd. You consider that Smart Display & Exhibitions Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Smart Display & Exhibitions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Walkers Accountants Limited
Aireside House
Aireside Business Centre
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ


19 February 2025