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REGISTERED NUMBER: 12415626 (England and Wales)















Financial Statements for the Year Ended 31 January 2025

for

Smartgrade Ltd

Smartgrade Ltd (Registered number: 12415626)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Smartgrade Ltd

Company Information
for the Year Ended 31 January 2025







DIRECTORS: J M Diaz Angulo
J J Perry





REGISTERED OFFICE: Lytchett House
13 Freeland Park
Wareham Road
Poole
Dorset
BH16 6FA





REGISTERED NUMBER: 12415626 (England and Wales)





ACCOUNTANTS: We`ll Mind Your Own Business LTD
39 Long Acre
London
WC2E 9LG

Smartgrade Ltd (Registered number: 12415626)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,545 2,575

CURRENT ASSETS
Debtors 5 19,894 70,341
Cash at bank and in hand 208,006 132,267
227,900 202,608
CREDITORS
Amounts falling due within one year 6 101,644 212,477
NET CURRENT ASSETS/(LIABILITIES) 126,256 (9,869 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,801

(7,294

)

CAPITAL AND RESERVES
Called up share capital 7 1,260 1,200
Share premium 8 299,740 199,800
Retained earnings 8 (171,199 ) (208,294 )
SHAREHOLDERS' FUNDS 129,801 (7,294 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

Smartgrade Ltd (Registered number: 12415626)

Balance Sheet - continued
31 January 2025


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 8 April 2025 and were signed on its behalf by:





J M Diaz Angulo - Director


Smartgrade Ltd (Registered number: 12415626)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Smartgrade 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
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.

Smartgrade Ltd (Registered number: 12415626)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

Interest income
Interest income is recognised when it probable that the economic benefits will flow to the Group and the amount of income can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding and at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Going concern
The director notes that the company is trading adequately and has sufficient working capital and other finance available to continue trading for a period of at least twelve months from the date of signing these financial statements. On this basis, the director believes there is no significant uncertainty as to whether the business is a going concern and has therefore prepared the accounts on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 5 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2024 4,405
Additions 3,080
At 31 January 2025 7,485
DEPRECIATION
At 1 February 2024 1,830
Charge for year 2,110
At 31 January 2025 3,940
NET BOOK VALUE
At 31 January 2025 3,545
At 31 January 2024 2,575

Smartgrade Ltd (Registered number: 12415626)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 9,865 41,747
Other debtors - 1,196
VAT 2,184 -
Prepayments and accrued income 7,845 27,398
19,894 70,341

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Other loans - 60,000
Trade creditors 4,253 3,570
Tax 515 -
Social security and other taxes - 8
VAT - 20,778
Accruals and deferred income 96,876 128,121
101,644 212,477

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 31.1.24
value: £    £   
1,260 Ordinary 1 1,260 1,200

60 Ordinary shares of 1 each were allotted as fully paid at a premium of 1666.67 per share during the year.

8. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 February 2024 (208,294 ) 199,800 (8,494 )
Profit for the year 37,095 37,095
Cash share issue - 99,940 99,940
At 31 January 2025 (171,199 ) 299,740 128,541

Smartgrade Ltd (Registered number: 12415626)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

9. RELATED PARTY DISCLOSURES

During the year, the company made sales of £69,648 (2024: £40,142) to Carousel Learning Limited, a related party by virtue of common directorship. At the year end, Carousel Learning Limited owed the company £7,525 (2024: £26,799).

During the year, the company purchased services amounting to £248,294 (2024: £185,240) from Aircury Ltd, a related party by virtue of common directorship. These services were purchased on an arm's length basis. At year end, there was outstanding balance of £49,419 (2024: £67,214) to Aircury Ltd.