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REGISTERED NUMBER: 04244048 (England and Wales)













SMAR-TECHNOLOGY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






SMAR-TECHNOLOGY LIMITED (REGISTERED NUMBER: 04244048)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SMAR-TECHNOLOGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mr C Idle



REGISTERED OFFICE: 531 Denby Dale Road West
Calder Grove
Wakefield
West Yorkshire
WF4 3ND



REGISTERED NUMBER: 04244048 (England and Wales)



ACCOUNTANTS: Harrison & Co
Chartered Accountants
531 Denby Dale Road West
Calder Grove
Wakefield
West Yorkshire
WF4 3ND



BANKERS: Bank of Scotland plc
54/62 Sauchiehall Street
Glasgow
G2 3AH

SMAR-TECHNOLOGY LIMITED (REGISTERED NUMBER: 04244048)

ABRIDGED BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 28,554 28,554
Tangible assets 5 1,030 1,375
29,584 29,929

CURRENT ASSETS
Stocks 1,250 1,250
Debtors 21,987 24,700
23,237 25,950
CREDITORS
Amounts falling due within one year 37,581 43,021
NET CURRENT LIABILITIES (14,344 ) (17,071 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,240

12,858

CREDITORS
Amounts falling due after more than one
year

3,751

8,756
NET ASSETS 11,489 4,102

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11,389 4,002
SHAREHOLDERS' FUNDS 11,489 4,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SMAR-TECHNOLOGY LIMITED (REGISTERED NUMBER: 04244048)

ABRIDGED BALANCE SHEET - continued
31 AUGUST 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2025 and were signed by:





Mr C Idle - Director


SMAR-TECHNOLOGY LIMITED (REGISTERED NUMBER: 04244048)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Smar-Technology Limited 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.

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.

The accounts have been prepared on a going concern basis despite liabilities exceeding assets. This basis is considered appropriate and assumes the continued support of the bank and the company's director.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 taxation assets and liabilities are not discounted. Deferred taxation assets and liabilities are only recognised when it is considered material to the financial statements.

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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023
and 31 August 2024 28,554
NET BOOK VALUE

At 31 August 2024 28,554
At 31 August 2023 28,554

SMAR-TECHNOLOGY LIMITED (REGISTERED NUMBER: 04244048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023
and 31 August 2024 80,620 6,450 23,975 111,045
DEPRECIATION
At 1 September 2023 79,331 6,364 23,975 109,670
Charge for year 323 22 - 345
At 31 August 2024 79,654 6,386 23,975 110,015
NET BOOK VALUE
At 31 August 2024 966 64 - 1,030
At 31 August 2023 1,289 86 - 1,375