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REGISTERED NUMBER: 03671995 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2024

FOR

SMARTLOUVRE TECHNOLOGY LIMITED

SMARTLOUVRE TECHNOLOGY LIMITED (REGISTERED NUMBER: 03671995)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SMARTLOUVRE TECHNOLOGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 DECEMBER 2024







DIRECTOR: Mr A P Cooper





SECRETARY: Mrs C J Cooper





REGISTERED OFFICE: Unit 18 The Tanneries
Brockhampton Lane
Havant
Hampshire
PO9 1JB





REGISTERED NUMBER: 03671995 (England and Wales)





ACCOUNTANTS: Gibson Whitter
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP

SMARTLOUVRE TECHNOLOGY LIMITED (REGISTERED NUMBER: 03671995)

BALANCE SHEET
30 DECEMBER 2024

30.12.24 30.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 899 1,079
Tangible assets 5 142,173 192,541
143,072 193,620

CURRENT ASSETS
Stocks 234,193 494,234
Debtors 6 27,356 37,549
Cash at bank and in hand 266,813 44,381
528,362 576,164
CREDITORS
Amounts falling due within one year 7 2,025,663 2,312,931
NET CURRENT LIABILITIES (1,497,301 ) (1,736,767 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,354,229

)

(1,543,147

)

CREDITORS
Amounts falling due after more than one
year

8

5,000

15,000
NET LIABILITIES (1,359,229 ) (1,558,147 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (1,360,229 ) (1,559,147 )
SHAREHOLDERS' FUNDS (1,359,229 ) (1,558,147 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 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.

SMARTLOUVRE TECHNOLOGY LIMITED (REGISTERED NUMBER: 03671995)

BALANCE SHEET - continued
30 DECEMBER 2024


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 and authorised for issue by the director and authorised for issue on 9 June 2025 and were signed by:





Mr A P Cooper - Director


SMARTLOUVRE TECHNOLOGY LIMITED (REGISTERED NUMBER: 03671995)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2024

1. STATUTORY INFORMATION

Smartlouvre 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 financial statements show a net current liability and a net liability position at the balance sheet date. This position is due to amounts owed to a connected company. The connected company has agreed not to seek repayment of the money owed unless the company has sufficient funds to do so. The director, on this basis, has prepared the financial statements on the going concern basis.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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 etc - 33% on cost, 20% on cost and 15% on cost

Stocks
Stocks of raw materials and work in progress are valued at the lower of cost and net realisable value. The cost of raw materials is calculated on a first in first out basis. Cost of work in progress includes all direct expenditure and an appropriate proportion of fixed and variable overheads. Net realisable value is the estimated proceeds from the sale of stock less all further costs to completion and less all costs to be incurred in marketing, selling and distributing directly related to the item in question.

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.


SMARTLOUVRE TECHNOLOGY LIMITED (REGISTERED NUMBER: 03671995)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 31 December 2023
and 30 December 2024 1,798
AMORTISATION
At 31 December 2023 719
Charge for year 180
At 30 December 2024 899
NET BOOK VALUE
At 30 December 2024 899
At 30 December 2023 1,079

SMARTLOUVRE TECHNOLOGY LIMITED (REGISTERED NUMBER: 03671995)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 December 2023 475,588
Additions 5,318
Disposals (14,740 )
At 30 December 2024 466,166
DEPRECIATION
At 31 December 2023 283,047
Charge for year 45,368
Eliminated on disposal (4,422 )
At 30 December 2024 323,993
NET BOOK VALUE
At 30 December 2024 142,173
At 30 December 2023 192,541

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.24 30.12.23
£    £   
Trade debtors 555 1,071
Other debtors 26,801 36,478
27,356 37,549

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.24 30.12.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 171,769 175,559
Taxation and social security 8,206 18,621
Other creditors 1,835,688 2,108,751
2,025,663 2,312,931

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.12.24 30.12.23
£    £   
Bank loans 5,000 15,000

Bank loans included above represents a Bounce Back loan.

SMARTLOUVRE TECHNOLOGY LIMITED (REGISTERED NUMBER: 03671995)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2024

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.12.24 30.12.23
£    £   
Within one year 18,375 36,750
Between one and five years - 18,375
18,375 55,125

10. SECURED DEBTS

The following secured debts are included within creditors:

30.12.24 30.12.23
£    £   
Other creditors 1,307,244 -

Other creditors above are secured by a fixed and floating charge over the company's plant and machinery.

11. RELATED PARTY DISCLOSURES

During the year the company received management and other recharges from a company under common control totalling £6,600 (30.12.23: £6,600).

The aggregate amount owed to the director at the balance sheet date is £30,002 (30.12.23 £42,954).

The aggregate amount due to a company under common control at the balance sheet date is £1,307,244 (30.12.23:£1,139,029 ).

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A P Cooper.