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Registered number: 09781338
Smart Heating EA Ltd
Directors' Report and
Unaudited Financial Statements
For the Period 1 October 2023 to 30 June 2024
Clarke Accountancy Ltd
Contents
Page
Company Information 1
Directors' Report 2
Accountant's Report 3
Statement of Income and Retained Earnings 4
Balance Sheet 5—6
Notes to the Financial Statements 7—9
Page 1
Company Information
Directors Mrs Sian Sanders
Mr Anthony Sanders
Company Number 09781338
Registered Office 24 Le Strange Close
Norwich
NR2 3PW
Accountants Clarke Accountancy Ltd
Dashwood House
1 Tyrells Road
Great Yarmouth
Norfolk
NR31 0AR
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Directors' Report
The directors present their report and the financial statements for the period ended 30 June 2024.
Principal Activity
The company's principal activity continues to be that of plumbing and heating installation.
Directors
The directors who held office during the period were as follows:
Mrs Sian Sanders
Mr Anthony Sanders
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to: 
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mrs Sian Sanders
Director
24/03/2025
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Accountant's Report
Report of the Accountant to the directors of Smart Heating EA Ltd
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the period ended 30 June 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting period. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Signed
Mr Edward Clarke, BSc (Hons), MAAT
24/03/2025
Clarke Accountancy Ltd
Dashwood House
1 Tyrells Road
Great Yarmouth
Norfolk
NR31 0AR
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Statement of Income and Retained Earnings
30 June 2024 30 September 2023
Notes £ £
TURNOVER 298,393 293,786
Cost of sales (173,572 ) (143,887 )
GROSS PROFIT 124,821 149,899
Administrative expenses (67,525 ) (64,600 )
OPERATING PROFIT 57,296 85,299
Other interest receivable and similar income 1,526 2,952
PROFIT BEFORE TAXATION 58,822 88,251
Tax on Profit (10,386 ) (17,726 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL PERIOD 48,436 70,525
RETAINED EARNINGS
As at 1 October 2023 69,312 57,507
Dividends paid (73,814) (58,300)
As at 30 June 2024 43,934 69,732
The notes on pages 7 to 9 form part of these financial statements.
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Balance Sheet
30 June 2024 30 September 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 45,076 12,775
45,076 12,775
CURRENT ASSETS
Debtors 5 30,367 8,991
Cash at bank and in hand 54,594 86,329
84,961 95,320
Creditors: Amounts Falling Due Within One Year 6 (53,768 ) (36,031 )
NET CURRENT ASSETS (LIABILITIES) 31,193 59,289
TOTAL ASSETS LESS CURRENT LIABILITIES 76,269 72,064
Creditors: Amounts Falling Due After More Than One Year 7 (23,776 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,459 ) (2,232 )
NET ASSETS 44,034 69,832
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 43,934 69,732
SHAREHOLDERS' FUNDS 44,034 69,832
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For the period ending 30 June 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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mrs Sian Sanders
Director
24/03/2025
The notes on pages 7 to 9 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Smart Heating EA Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09781338 . The registered office is 24 Le Strange Close, Norwich, NR2 3PW.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. 
2.5. 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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Right of Use Assets 20% straight line
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.7. 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 period, 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.
2.8. Short Accounting Period
These financial statements cover the period from 1 October 2023 to 30 June 2024, which is a period of 9 months. The financial statements cover a shorter period than the usual 12 months because the accounting period has been changed to match that of the company's owner, Smart Holdings EA Ltd.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 6 (2023: 4)
6 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Right of Use Assets Total
£ £ £ £
Cost
As at 1 October 2023 21,227 - 13,868 35,095
Additions 2,089 42,059 - 44,148
As at 30 June 2024 23,316 42,059 13,868 79,243
Depreciation
As at 1 October 2023 9,897 - 12,423 22,320
Provided during the period 2,516 7,886 1,445 11,847
As at 30 June 2024 12,413 7,886 13,868 34,167
Net Book Value
As at 30 June 2024 10,903 34,173 - 45,076
As at 1 October 2023 11,330 - 1,445 12,775
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5. Debtors
30 June 2024 30 September 2023
£ £
Due within one year
Trade debtors 19,861 7,677
Prepayments and accrued income 2,820 1,255
Rental deposit held 6,750 -
Amounts owed by group undertakings 936 59
30,367 8,991
6. Creditors: Amounts Falling Due Within One Year
30 June 2024 30 September 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,773 1,164
Trade creditors 33,054 10,265
Corporation tax 4,898 17,187
VAT 9,043 7,415
53,768 36,031
7. Creditors: Amounts Falling Due After More Than One Year
30 June 2024 30 September 2023
£ £
Net obligations under finance lease and hire purchase contracts 23,776 -
8. Share Capital
30 June 2024 30 September 2023
£ £
Allotted, Called up and fully paid 100 100
9. Dividends
30 June 2024 30 September 2023
£ £
On equity shares:
Interim dividend paid 73,814 58,300
10. Ultimate Controlling Party
The company's ultimate controlling party is Smart Holdings EA Ltd by virtue of its ownership of 100% of the issued share capital in the company.
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