REGISTERED NUMBER: 12403001 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Smarta Energy Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs E J E Green

K Dixon

S Black

Ms D S Mitchell

L Jacques

REGISTERED OFFICE:

North House

Elland Road

Churwell

Leeds

Yorkshire

LS27 7QZ

REGISTERED NUMBER:

12403001 (England and Wales)

ACCOUNTANTS:

Cobham Murphy

116 Duke Street

Liverpool

Merseyside

L1 5JW

FIXED ASSETS

Intangible assets

4

1,200

-

Tangible assets

5

25,228

-

26,428

-

CURRENT ASSETS

Debtors

6

228,839

1,323

Cash at bank

38,353

1,449

267,192

2,772

CREDITORS

Amounts falling due within one year

7

848,410

2,060

NET CURRENT (LIABILITIES)/ASSETS

(581,218

)

712

TOTAL ASSETS LESS CURRENT LIABILITIES

(554,790

)

712

CAPITAL AND RESERVES

Called up share capital

1,000

100

Share premium

42,850

-

Retained earnings

(598,640

)

612

(554,790

)

712

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 29 September 2025 and were signed on its behalf by:

L Jacques - Director

1.	STATUTORY INFORMATION

Smarta Energy 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.

These financial statements have been prepared in accordance with Financial Reporting Standard 102 ''The Financial Reporting Standard in the UK and Republic of Ireland'' including provisions of Section 1A ''Small Entities'' and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention.

Going Concern

Despite the company's net current liabilities position at the year end the financial statements have been prepared on a going concern basis as the company has the continued support of its directors.

Significant judgements and estimates

There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover

Turnover is the fair value of consideration received or receivable from the supply and management of energy excluding discounts, vat and rebates. Turnover is recognised as during the course of the contract based on supply.

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.

Development costs are being amortised evenly over their estimated useful life of five 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 and 20% on cost

Financial instruments

Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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 19 (2023 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

1,500

At 31 December 2024

1,500

AMORTISATION

Charge for year

300

At 31 December 2024

300

NET BOOK VALUE

At 31 December 2024

1,200

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

34,509

At 31 December 2024

34,509

DEPRECIATION

Charge for year

9,281

At 31 December 2024

9,281

NET BOOK VALUE

At 31 December 2024

25,228

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

12,982

-

Amounts owed by group undertakings

100

100

Amounts owed by associates

1,951

951

Other debtors

213,806

272

228,839

1,323

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

62,035

60

Amounts owed to associates

693,447

1,000

Taxation and social security

74,488

-

Other creditors

18,440

1,000

848,410

2,060

8.	RELATED PARTY DISCLOSURES

Included in debtors are balances due from related parties of £2,051 (2023 - £1,051).

Included in creditors are balances due to related parties of £693,447 (2023 - £1,000)

The loans are interest free and repayable on demand.