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REGISTERED NUMBER: 09971182 (England and Wales)















SMARTVALVE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025






SMARTVALVE LIMITED (REGISTERED NUMBER: 09971182)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


SMARTVALVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: A Talkes
P A Aubrey
M J Darling
Mrs T L Talkes





SECRETARY: M J Darling





REGISTERED OFFICE: Sempers
Front Street
Dunston
Lincoln
Lincolnshire
LN4 2ES





REGISTERED NUMBER: 09971182 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

SMARTVALVE LIMITED (REGISTERED NUMBER: 09971182)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 37,562 28,816
Tangible assets 5 - 366
37,562 29,182

CURRENT ASSETS
Debtors 6 42,959 64,986
Cash at bank 1,289 2,272
44,248 67,258
CREDITORS
Amounts falling due within one year 7 170,090 195,618
NET CURRENT LIABILITIES (125,842 ) (128,360 )
TOTAL ASSETS LESS CURRENT LIABILITIES (88,280 ) (99,178 )

CAPITAL AND RESERVES
Called up share capital 8 6 6
Retained earnings (88,286 ) (99,184 )
SHAREHOLDERS' FUNDS (88,280 ) (99,178 )

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.

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 4 July 2025 and were signed on its behalf by:





P A Aubrey - Director


SMARTVALVE LIMITED (REGISTERED NUMBER: 09971182)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

SmartValve 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.

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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from the provision of business software development is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the date of invoice.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

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

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 the income statement in the period to which they relate.

SMARTVALVE LIMITED (REGISTERED NUMBER: 09971182)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

2. ACCOUNTING POLICIES - continued

Going concern
During the year to 31 January 2025 the company made a profit of £10,898 (2024 loss £168,703) and at that date it's liabilities exceeded its assets by £88,280 (2024 £99,178).

The company's directors intend to support the company and therefore the directors consider it appropriate that these financial statements are prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 February 2024 39,322
Additions 14,086
At 31 January 2025 53,408
AMORTISATION
At 1 February 2024 10,506
Amortisation for year 5,340
At 31 January 2025 15,846
NET BOOK VALUE
At 31 January 2025 37,562
At 31 January 2024 28,816

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024
and 31 January 2025 2,848
DEPRECIATION
At 1 February 2024 2,482
Charge for year 366
At 31 January 2025 2,848
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 366

SMARTVALVE LIMITED (REGISTERED NUMBER: 09971182)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 13,050 8,941
Other debtors 29,909 56,045
42,959 64,986

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade creditors 84,146 43,271
Taxation and social security 12,946 7,115
Other creditors 72,998 145,232
170,090 195,618

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 31.1.24
value: £    £   
12 Ordinary £0.50 6 6

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have an overdrawn directors loan account totalling £318 overdrawn brought forward (2024: £580). During the year, the directors of the company borrowed £32 (2024: £318) from the company and repaid £1,318 (2024: £580). The balance at the end of the year totalled £968 in credit (2024: £318 overdrawn).