REGISTERED NUMBER: 03171445 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Smart Computers Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T Potts

Mr W J Rendell

REGISTERED OFFICE:

Unit 22 Enterprise Way

Cheltenham Trade Park

Cheltenham

Gloucestershire

GL51 8LZ

REGISTERED NUMBER:

03171445 (England and Wales)

ACCOUNTANTS:

Stanbridge Accountancy Services Limited

9 Wheatstone Court

Waterwells Business Park

Davy Way

Gloucester

Gloucestershire

GL2 2AQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,079,106

753,108

1,079,106

753,108

CURRENT ASSETS

Stocks

17,797

21,105

Debtors

6

142,828

111,390

Cash at bank and in hand

96,148

386,359

256,773

518,854

CREDITORS

Amounts falling due within one year

7

183,449

215,741

NET CURRENT ASSETS

73,324

303,113

TOTAL ASSETS LESS CURRENT LIABILITIES

1,152,430

1,056,221

PROVISIONS FOR LIABILITIES

35,109

37,440

NET ASSETS

1,117,321

1,018,781

CAPITAL AND RESERVES

Called up share capital

152

171

Capital redemption reserve

24

5

Retained earnings

1,117,145

1,018,605

SHAREHOLDERS' FUNDS

1,117,321

1,018,781

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 22 September 2025 and were signed on its behalf by:

Mr T Potts - Director

Mr W J Rendell - Director

1.	STATUTORY INFORMATION

Smart Computers 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 represents the net invoiced sales of goods and services, excluding value added tax.

Revenue is recognised on completion of each sale and at regular periods for ongoing rental contracts.

Database

Amortisation is provided to write off the information technology database evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

50% on cost

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 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 16 (2024 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

I.T.

database

£

COST

At 1 August 2024

and 31 July 2025

11,175

AMORTISATION

At 1 August 2024

and 31 July 2025

11,175

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 August 2024

603,350

45,279

81,654

489,447

1,219,730

Additions

335,321

4,248

-

119,945

459,514

Disposals

-

-

-

(116,536

)

(116,536

)

At 31 July 2025

938,671

49,527

81,654

492,856

1,562,708

DEPRECIATION

At 1 August 2024

-

45,279

56,631

364,712

466,622

Charge for year

-

284

16,389

71,279

87,952

Eliminated on disposal

-

-

-

(70,972

)

(70,972

)

At 31 July 2025

-

45,563

73,020

365,019

483,602

NET BOOK VALUE

At 31 July 2025

938,671

3,964

8,634

127,837

1,079,106

At 31 July 2024

603,350

-

25,023

124,735

753,108

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

89,703

57,827

Other debtors

32,570

35,270

Prepayments and accrued income

20,555

18,293

142,828

111,390

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade creditors

53,580

40,320

Tax

73,143

100,608

Social security and other taxes

3,191

4,565

VAT

32,952

42,767

Other creditors

3,014

5,496

Accrued expenses

17,569

21,985

183,449

215,741

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2025 and 31 July 2024:

31.7.25

31.7.24

£

£

Mr T Potts

Balance outstanding at start of year

7,500

7,500

Amounts advanced

7,500

7,500

Amounts repaid

(7,500

)

(7,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,500

7,500

Mr W J Rendell

Balance outstanding at start of year

7,500

7,500

Amounts advanced

7,500

7,500

Amounts repaid

(7,500

)

(7,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,500

7,500

9.	RELATED PARTY DISCLOSURES

Mr T Potts

£51,500

(2024 - £49,100)

Mr W J Rendell

£51,500

(2024 - £49,100)

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr T Potts.

The ultimate controlling party is Mr T Potts.