2024-04-012025-03-312025-03-31false12890341SMART PROCUREMENT SOLUTIONS 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SMART PROCUREMENT SOLUTIONS LTD

Registered Number
12890341
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

SMART PROCUREMENT SOLUTIONS LTD
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors

Gareth Hugh Evans
Anna Chapman

Registered Address

17 Lincoln Crescent
Biggleswade
SG18 8HP

Registered Number

12890341 (England and Wales)
SMART PROCUREMENT SOLUTIONS LTD
Balance Sheet as at
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets312285
12285
Current assets
Debtors134,5713,207
Cash at bank and on hand53,53817,498
188,10920,705
Creditors amounts falling due within one year(115,637)(14,499)
Net current assets (liabilities)72,4726,206
Total assets less current liabilities72,5946,291
Net assets72,5946,291
Capital and reserves
Profit and loss account72,5946,291
Shareholders' funds72,5946,291
The financial statements were approved and authorised for issue by the Board of Directors on 25 April 2025, and are signed on its behalf by:
Gareth Hugh Evans
Director
Registered Company No. 12890341
SMART PROCUREMENT SOLUTIONS LTD
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
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.
Revenue from rendering of services
Revenue 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.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment2
2.Average number of employees

20252024
Average number of employees during the year32
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 241,631
Additions66
At 31 March 251,697
Depreciation and impairment
At 01 April 241,547
Charge for year28
At 31 March 251,574
Net book value
At 31 March 25122
At 31 March 2485