REGISTERED NUMBER: 06855379 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Smartrak Facilities Management Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J M Richards

D J Rose

Miss K Liddiard

REGISTERED OFFICE:

2 Cricklade Court

Old Town

Swindon

Wiltshire

SN1 3EY

REGISTERED NUMBER:

06855379 (England and Wales)

ACCOUNTANTS:

Morley & Co (UK) Ltd

Chartered Certified Accountants,

2 Cricklade Court

Old Town

Swindon

Wiltshire

SN1 3EY

FIXED ASSETS

Intangible assets

4

168,196

181,134

Tangible assets

5

25,002

31,120

193,198

212,254

CURRENT ASSETS

Debtors

6

649,529

647,820

Cash at bank

185,554

185,449

835,083

833,269

CREDITORS

Amounts falling due within one year

7

967,453

775,262

NET CURRENT (LIABILITIES)/ASSETS

(132,370

)

58,007

TOTAL ASSETS LESS CURRENT LIABILITIES

60,828

270,261

CAPITAL AND RESERVES

Called up share capital

73

73

Share premium

2,274

2,274

Capital redemption reserve

33

33

Retained earnings

58,448

267,881

SHAREHOLDERS' FUNDS

60,828

270,261

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2025 and were signed on its behalf by:

J M Richards - Director

1.	STATUTORY INFORMATION

Smartrak Facilities Management Ltd 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Financial instruments

Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 165 (2024 - 160 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

258,763

AMORTISATION

At 1 April 2024

77,629

Charge for year

12,938

At 31 March 2025

90,567

NET BOOK VALUE

At 31 March 2025

168,196

At 31 March 2024

181,134

5.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

51,859

5,289

57,148

Additions

-

2,216

2,216

At 31 March 2025

51,859

7,505

59,364

DEPRECIATION

At 1 April 2024

22,688

3,340

26,028

Charge for year

7,293

1,041

8,334

At 31 March 2025

29,981

4,381

34,362

NET BOOK VALUE

At 31 March 2025

21,878

3,124

25,002

At 31 March 2024

29,171

1,949

31,120

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

159,547

23,082

Amounts owed by group undertakings

481,040

476,040

Other debtors

4,424

145,022

645,011

644,144

Amounts falling due after more than one year:

Other debtors

4,518

3,676

Aggregate amounts

649,529

647,820

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

100,589

57,905

Taxation and social security

727,429

584,377

Other creditors

139,435

132,980

967,453

775,262

8.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Smartrak Holdings Ltd whose registered office is 2 Cricklade Court, Old Town, Swindon, SN1 3EY.