Smart Business Recovery Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11336398 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 December 2024

for

Smart Business Recovery Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

J M Bates

G G Bates

REGISTERED OFFICE:

Charnwood House Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

REGISTERED NUMBER:

11336398 (England and Wales)

ACCOUNTANTS:

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Smart Business Recovery Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Smart Business Recovery Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Smart Business Recovery Limited and state those matters that we have agreed to state to the Board of Directors of Smart Business Recovery Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Smart Business Recovery Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Smart Business Recovery Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Smart Business Recovery Limited. You consider that Smart Business Recovery Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Smart Business Recovery Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

4 September 2025

FIXED ASSETS

Tangible assets

4

5,949

5,660

CURRENT ASSETS

Debtors

5

93,132

69,482

Cash at bank

24,579

24,854

117,711

94,336

CREDITORS

Amounts falling due within one year

6

68,324

55,307

NET CURRENT ASSETS

49,387

39,029

TOTAL ASSETS LESS CURRENT
LIABILITIES

55,336

44,689

CREDITORS

Amounts falling due after more than
one year

7

(16,911

)

(20,617

)

PROVISIONS FOR LIABILITIES

(995

)

(923

)

NET ASSETS

37,430

23,149

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

37,330

23,049

SHAREHOLDERS' FUNDS

37,430

23,149

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 September 2025 and were signed on its behalf by:

G G Bates - Director

J M Bates - Director

1.	STATUTORY INFORMATION

Smart Business Recovery 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.

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

-

20% on cost

Fixtures and fittings

-

20% on cost

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.

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.

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 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1 January 2024

8,648

4,975

9,573

23,196

Additions

-

83

3,412

3,495

At 31 December 2024

8,648

5,058

12,985

26,691

DEPRECIATION

At 1 January 2024

7,737

2,289

7,510

17,536

Charge for year

479

768

1,959

3,206

At 31 December 2024

8,216

3,057

9,469

20,742

NET BOOK VALUE

At 31 December 2024

432

2,001

3,516

5,949

At 31 December 2023

911

2,686

2,063

5,660

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

84,979

61,915

Other debtors

1,841

Prepayments

6,312

5,726

93,132

69,482

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

3,780

Trade creditors

2,878

4,387

Corporation tax

39,264

19,864

Social security and other taxes

1,258

1,197

VAT

14,584

15,256

Other creditors

518

1,117

Directors' current accounts

5,562

9,266

Accrued expenses

480

440

68,324

55,307

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

Bank loans - 1-2 years

3,780

Bank loans - 2-5 years

7,560

Bank loans more 5 yr by instal

5,571

9,277

16,911

20,617

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

5,571

9,277

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

50

Ordinary

£1

50

Ordinary A

£1

50

100

9.	OTHER FINANCIAL COMMITMENTS

The company has total guarantees and commitments at the balance sheet date of £7,583 (2023: £14,083)