Smart Global Trading Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06572017 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SMART GLOBAL TRADING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

Mr M J Read

Ms A McLoughlin

Mr L Horswell

REGISTERED OFFICE:

1 The Lockers

Bury Hill

Hemel Hempstead

Hertfordshire

HP1 1SR

REGISTERED NUMBER:

06572017 (England and Wales)

ACCOUNTANTS:

Beyond Accounting Limited

20 Abbots Business Park

Primrose Hill

Kings Langley

Hertfordshire

WD4 8FR

FIXED ASSETS

Tangible assets

4

5,046

20,116

Investments

5

50

5,096

20,166

CURRENT ASSETS

Debtors

6

551,969

358,238

Cash at bank and in hand

98,680

345,129

650,649

703,367

CREDITORS

Amounts falling due within one year

7

309,948

343,489

NET CURRENT ASSETS

340,701

359,878

TOTAL ASSETS LESS CURRENT
LIABILITIES

345,797

380,044

PROVISIONS FOR LIABILITIES

1,262

5,029

NET ASSETS

344,535

375,015

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

344,435

374,915

SHAREHOLDERS' FUNDS

344,535

375,015

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 10 September 2025 and were signed on its behalf by:

Mr M J Read - Director

1.	STATUTORY INFORMATION

Smart Global Trading 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.

Software development

-

20% on reducing balance

Commercial vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Investments in associates

Investments in associate undertakings are recognised at 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.

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 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Software

Commercial

Office

development

vehicles

equipment

Totals

£

COST

At 1 January 2024

130,886

11,500

55,673

198,059

Additions

-

1,269

Disposals

(130,886

)

-

(49,175

)

(180,061

)

At 31 December 2024

-

11,500

7,767

19,267

DEPRECIATION

At 1 January 2024

120,301

10,349

47,293

177,943

Charge for year

-

288

1,394

1,682

Eliminated on disposal

(120,301

)

-

(45,103

)

(165,404

)

At 31 December 2024

-

10,637

3,584

14,221

NET BOOK VALUE

At 31 December 2024

-

863

4,183

5,046

At 31 December 2023

10,585

1,151

8,380

20,116

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 January 2024

and 31 December 2024

50

NET BOOK VALUE

At 31 December 2024

50

At 31 December 2023

50

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

337,915

77,571

Other debtors

21,690

-

Accrued income

187,888

277,428

Prepayments

4,476

3,239

551,969

358,238

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

95,104

125,758

Amounts owed to group undertakings

79,867

-

Taxation

22,931

91,126

Social security and other taxes

8,112

11,654

Value added tax

45,699

30,529

Other creditors

1,109

62,167

Accruals

57,126

22,255

309,948

343,489

8.	RELATED PARTY DISCLOSURES

During the year, the company received a loan of £79,867 from MR Minted Limited, the parent undertaking. The loan is interest-free, unsecured, and repayable on demand. This balance was outstanding at the year end and is included within amounts owed to group undertakings.

During the year, the company advanced a loan of £21,000 to SGT (Europe) Limited, an entity registered in the Republic of Ireland and in which a company director, Mr M J Read, holds a 50% ownership interest. The loan is interest-free, unsecured, and repayable on demand. This balance was outstanding at the year end and is included within other debtors. No provision for doubtful debt has been made in respect of this loan.

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 Global Trading Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Smart Global Trading 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 Global Trading Limited and state those matters that we have agreed to state to the Board of Directors of Smart Global Trading Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Smart Global Trading 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 Global Trading Limited. You consider that Smart Global Trading 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 Global Trading 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.

Beyond Accounting Limited

20 Abbots Business Park

Primrose Hill

Kings Langley

Hertfordshire

WD4 8FR

10 September 2025