Smarttek Global Limited

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—8

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Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 10860622

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		3,981		-
Tangible Assets	5		3,046		4,465

			7,027		4,465
CURRENT ASSETS
Debtors	6	1,419,906		1,945,321
Cash at bank and in hand		10,561		21,416

		1,430,467		1,966,737
Creditors: Amounts Falling Due Within One Year	7	(1,416,545 )		(1,956,720 )

NET CURRENT ASSETS (LIABILITIES)			13,922		10,017

TOTAL ASSETS LESS CURRENT LIABILITIES			20,949		14,482

NET ASSETS			20,949		14,482

CAPITAL AND RESERVES
Called up share capital	8		133		133
Profit and Loss Account			20,816		14,349

SHAREHOLDERS' FUNDS			20,949		14,482

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Smarttek Global Limited

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 director acknowledges his 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.

The financial statements were approved by the board of directors on 7 November 2025 and were signed on its behalf by:

Mr B M Costa

Director

The notes on pages 4 to 8 form part of these financial statements.

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Smarttek Global Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Smarttek Global Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10860622 .

The registered office is Unit SB204-206 Southbank House, Black Prince Road, London, SE1 7SJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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.

The financial statements are presented in Sterling (£) and figures are shown to the nearest whole pound.

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. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are website development. It is amortised to the profit and loss account over its estimated economic life of 4 years.

2.4. 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:

Fixtures & Fittings	4 years on straight line basis
Computer Equipment	4 years on straight line basis

2.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

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Smarttek Global Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. 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.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2.9. Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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Smarttek Global Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.10. Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2023: 10)

4. Intangible Assets

	Website Development Costs
	£
Cost
As at 1 January 2024	-
Additions	4,581

As at 31 December 2024	4,581

Amortisation
As at 1 January 2024	-
Provided during the period	600

As at 31 December 2024	600

Net Book Value
As at 31 December 2024	3,981

As at 1 January 2024	-

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Smarttek Global Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	6,891	2,938	9,829
Additions	-	1,137	1,137

As at 31 December 2024	6,891	4,075	10,966

Depreciation
As at 1 January 2024	3,724	1,640	5,364
Provided during the period	1,723	833	2,556

As at 31 December 2024	5,447	2,473	7,920

Net Book Value
As at 31 December 2024	1,444	1,602	3,046

As at 1 January 2024	3,167	1,298	4,465

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	414,079	680,986
Amounts owed by group undertakings	655,228	895,095
Other debtors	350,599	369,240

	1,419,906	1,945,321

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	82,908	82,957
Amounts owed to group undertakings	761,759	1,129,209
Other creditors	520,558	698,055
Taxation and social security	51,320	46,499

	1,416,545	1,956,720

Included in other creditors is a factoring liability of £444,509 (2023: £281,756), secured against trade debtors.

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Smarttek Global Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
13,267 Ordinary Shares of £ 0.01 each	133	133

9. Dividends

	2024	2023
	£	£
On equity shares:
Final dividend paid	68,436	-

10. Related Party Disclosures

Boss Professional Services Limited

Associate company

At the balance sheet date, Boss Professional Services Limited owed £318,895, (2023 : £610,560), to the company.

Boss ERP Consulting Limited

Company with common directors

At the balance sheet date, the company owed £761,759, (2023 : £823,709), to Boss ERP Consulting Limited.

Boss Energy Consulting Limited

Company with common directors

At the balance sheet date, Boss Energy Consulting Limited owed £326,342, (2023 : £278,439), to the company.

Boss Consulting Services Limited

Company with common directors

At the balance sheet date, the company owed £-, (2023 : £305,500), to Boss Consulting Services Limited.

Smarttek Recruitment Services (Dublin)

Company with common directors

At the balance sheet date, Smarttek Recruitment Services (Dublin) owed £9,992(2023 : £6,096), to the company.

Transactions with directors

At the balance sheet date, Barry Costa, a director of the company, owed £15,000, (2023: £38,436), to the company.

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Director	Mr B M Costa

Company Number	10860622

Registered Office	Unit SB204-206 Southbank House
	Black Prince Road
	London
	SE1 7SJ

Accountants	Ripe LLP
	Chartered Accountants
	9A Burroughs Gardens
	London
	NW4 4AU