Smartech Management Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 11531071

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		8,438		14,677

			8,438		14,677
CURRENT ASSETS
Debtors	5	672,037		706,033
Cash at bank and in hand		50,021		96,673

		722,058		802,706
Creditors: Amounts Falling Due Within One Year	6	(1,535 )		(55,697 )

NET CURRENT ASSETS (LIABILITIES)			720,523		747,009

TOTAL ASSETS LESS CURRENT LIABILITIES			728,961		761,686

Creditors: Amounts Falling Due After More Than One Year	7		-		(172,992 )

NET ASSETS			728,961		588,694

CAPITAL AND RESERVES
Called up share capital	8		50,000		50,000
Profit and Loss Account			678,961		538,694

SHAREHOLDERS' FUNDS			728,961		588,694

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Smartech Management Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Julian Dudley-Smith

Director

07/08/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Smartech Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11531071 . The registered office is Unit 8 Gransden Park, Potton Road, Abbotsley, St Neots, PE19 6TY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover 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.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	25% of Cost
Plant & Machinery	20% of Cost
Fixtures & Fittings	25% of Cost
Computer Equipment	33% of Cost

2.4. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2023: 14)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	27,940	55,898	60,661	31,788	176,287
Additions	-	-	3,876	-	3,876

As at 31 December 2024	27,940	55,898	64,537	31,788	180,163

Depreciation
As at 1 January 2024	27,940	46,840	60,661	26,169	161,610
Provided during the period	-	7,939	-	2,176	10,115

As at 31 December 2024	27,940	54,779	60,661	28,345	171,725

...CONTINUED

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Smartech Management Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	-	1,119	3,876	3,443	8,438

As at 1 January 2024	-	9,058	-	5,619	14,677

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	8,633	645,910
Amounts owed by group undertakings	661,854	-
Other debtors	1,550	60,123

	672,037	706,033

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	1,535	35,536
Other creditors	-	20,161

	1,535	55,697

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Other loans	-	172,992

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	50,000	50,000

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