SMART ELECTRICS CONTRACTORS LTD


Directors	Brian SMART
	William Sivewright SMART


Registered Address	8 Manse Lane
	Burntisland
	KY3 0BJ


Registered Number	SC374758 (Scotland)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets			79,365		68,407
Investment property			77,500		77,500
			156,865		145,907
Current assets
Debtors		107,605		165,345
Cash at bank and on hand		400,713		343,003
		508,318		508,348
Creditors amounts falling due within one year	3	(110,449)		(97,717)
Net current assets (liabilities)			397,869		410,631
Total assets less current liabilities			554,734		556,538
Creditors amounts falling due after one year	4		(1,567)		(11,870)
Net assets			553,167		544,668
Capital and reserves
Called up share capital			100		100
Profit and loss account			553,067		544,568
Shareholders' funds			553,167		544,668

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 9 December 2025, and are signed on its behalf by:

Brian SMART
Director
Registered Company No. SC374758

SMART ELECTRICS CONTRACTORS LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	5		5

3.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	68,638	63,978
Bank borrowings and overdrafts	10,648	10,648
Taxation and social security	19,642	16,566
Other creditors	10,521	5,677
Accrued liabilities and deferred income	1,000	848
Total	110,449	97,717

4.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	1,567	11,870
Total	1,567	11,870