SMTA Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 07831454

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		22,225		-
Tangible Assets	5		-		61

			22,225		61
CURRENT ASSETS
Debtors	6	382		11,638
Cash at bank and in hand		753,298		778,052

		753,680		789,690
Creditors: Amounts Falling Due Within One Year	7	(31,773 )		(30,354 )

NET CURRENT ASSETS (LIABILITIES)			721,907		759,336

TOTAL ASSETS LESS CURRENT LIABILITIES			744,132		759,397

NET ASSETS			744,132		759,397

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			744,032		759,297

SHAREHOLDERS' FUNDS			744,132		759,397

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SMTA Limited

Balance Sheet (continued)

As At 30 November 2024

For the year ending 30 November 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

G Alker

Director

4 April 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

SMTA Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07831454 . The registered office is C/O BWBCA Limited Office 44, A30 Business Centre, Okehampton, Devon, EX20 1BG.

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

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 represents the value of services provided, excluding value added tax.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are patent costs. They are amortised to profit and loss account over its estimated economic life of 10 years.

2.4. 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% on cost
Computer Equipment	20% on cost

2.5. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. Average Number of Employees

Average number of employees during the year was: NIL (2023: NIL)

4. Intangible Assets

	Other
	£
Cost
As at 1 December 2023	-
Additions	22,602

As at 30 November 2024	22,602

Amortisation
As at 1 December 2023	-
Provided during the period	377

As at 30 November 2024	377

Net Book Value
As at 30 November 2024	22,225

As at 1 December 2023	-

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SMTA Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2024

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 December 2023	666	3,879	4,545

As at 30 November 2024	666	3,879	4,545

Depreciation
As at 1 December 2023	666	3,818	4,484
Provided during the period	-	61	61

As at 30 November 2024	666	3,879	4,545

Net Book Value
As at 30 November 2024	-	-	-

As at 1 December 2023	-	61	61

6. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	382	11,638

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Other creditors	19,811	30,104
Taxation and social security	11,962	250

	31,773	30,354

8. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
50 Ordinary A shares of £ 1.00 each	50	50
30 Ordinary B shares of £ 1.00 each	30	30
5 Ordinary C shares of £ 1.00 each	5	5
5 Ordinary D shares of £ 1.00 each	5	5
5 Ordinary E shares of £ 1.00 each	5	5
5 Ordinary F shares of £ 1.00 each	5	5

	100	100

9. Related Party Transactions

At the balance sheet date, the company owed the directors £18,312 (2023: £29,833). This amount is interest free and repayable upon demand.

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