Registered number
04440225
Smart Computers UK Limited
Accounts
For the Year ended
31 May 2024
Oakensen
Chartered Accountants
Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
Smart Computers UK Limited
Registered number: 04440225
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 26,542 27,692
Investments 4 35 -
26,577 27,692
Current assets
Stocks 41,356 48,879
Debtors 5 15,630 6,412
Cash at bank and in hand 33,983 28,103
90,969 83,394
Creditors: amounts falling due within one year 6 (17,386) (17,602)
Net current assets 73,583 65,792
Total assets less current liabilities 100,160 93,484
Creditors: amounts falling due after more than one year 7 (116,000) (142,500)
Net liabilities (15,840) (49,016)
Capital and reserves
Called up share capital 50 50
Share premium 74,995 74,995
Profit and loss account (90,885) (124,061)
Shareholders' funds (15,840) (49,016)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A D Bradmore
Director
Approved by the board on 27 February 2025
Smart Computers UK Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
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
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is recognised when the repair has been completed or goods sold.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery between 4 - 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. Provisions have been made for old or obsolete stock.
Debtors
Short term debtors are measured at transaction price, which is usually the invoice price, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price, which is usually the invoice price.
Taxation
A current tax liability is recognised for any tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 June 2023 80,510
Additions 2,250
At 31 May 2024 82,760
Depreciation
At 1 June 2023 52,818
Charge for the year 3,400
At 31 May 2024 56,218
Net book value
At 31 May 2024 26,542
At 31 May 2023 27,692
4 Investments
Investments in
subsidiary
undertakings
£
Cost
Additions 35
At 31 May 2024 35
5 Debtors 2024 2023
£ £
Trade debtors 15,265 6,412
Other debtors 365 -
15,630 6,412
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,515 -
Other taxes and social security costs 10,154 10,674
Other creditors 3,717 6,928
17,386 17,602
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 116,000 142,500
8 Related party transactions
Included in creditors due within one year is an amount of £116,000 (2023 - £142,500) owed to the directors.
9 Other information
Smart Computers UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
37 High Street
Keynsham
Bristol
BS31 1DS
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