REGISTERED NUMBER: 07227868 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SMART SOLUTIONS GRP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L R Bennellick

J Barnett

REGISTERED OFFICE:

Solution House

Unit 7 The Office Village

Forder Way, Cygnet Park, Hampton

Peterborough

Cambridgeshire

PE7 8GX

REGISTERED NUMBER:

07227868 (England and Wales)

ACCOUNTANTS:

Thompson Taraz Rand Ltd

Chartered Accountants

10 Jesus Lane

Cambridge

Cambridgeshire

CB5 8BA

FIXED ASSETS

Tangible assets

5

349,666

467,482

Investments

6

70,600

20,600

420,266

488,082

CURRENT ASSETS

Debtors

7

961,030

647,680

Cash and cash equivalents

440,472

407,966

1,401,502

1,055,646

CREDITORS

Amounts falling due within one year

8

(687,180

)

(430,497

)

NET CURRENT ASSETS

714,322

625,149

TOTAL ASSETS LESS CURRENT LIABILITIES

1,134,588

1,113,231

CREDITORS

Amounts falling due after more than one year

9

(247,704

)

(298,818

)

PROVISIONS FOR LIABILITIES

12

(66,064

)

(94,224

)

NET ASSETS

820,820

720,189

CAPITAL AND RESERVES

Called up share capital

13

70

70

Capital redemption reserve

30

30

Retained earnings

820,720

720,089

SHAREHOLDERS' FUNDS

820,820

720,189

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

L R Bennellick - Director

1.	STATUTORY INFORMATION

Smart Solutions GRP 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Preparation of consolidated financial statements

The financial statements contain information about Smart Solutions GRP Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Significant judgements and estimates

Useful economic lives of tangible fixed assets:

Tangible fixed assets are depreciated over their expected useful lives taking into consideration residual values, where appropriate. The actual lives of the assets and residual values are assessed and amended when necessary to reflect the current estimates based on economic utilisation and physical condition of the assets.

Doubtful debts:

The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade debtors, management considers factors including the current credit rating of the debtor, the ageing of the debtor and historical experience regarding payment history.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable in respect of the provision of end to end business information technology solutions and IT support services net of valued added tax and trade related discount when the right to consideration has been earnt or where relating to goods on dispatch. Where revenue is received in advance it is deferred into the balance sheet and released on fulfilment of the services to which it relates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Investments in subsidiaries

Investment in subsidiaries are held at cost less impairment.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets or financial liabilities or equity instruments.

Basic financial assets:

Basic financial assets which include assets and such as debtors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of future receipts are discounted at a market rate of interest. Assets receivable within one year are not discounted.

Basic financial liabilities:

Basic financial liabilities. including creditors, bank loans, are initially measured at transaction price net of transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not discounted.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2024 - 23 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

142,076

42,639

488,286

673,001

Additions

1,045

5,788

19,358

26,191

Disposals

-

-

(30,000

)

(30,000

)

At 31 March 2025

143,121

48,427

477,644

669,192

DEPRECIATION

At 1 April 2024

85,735

34,952

84,832

205,519

Charge for year

19,353

7,789

93,865

121,007

Eliminated on disposal

-

-

(7,000

)

(7,000

)

At 31 March 2025

105,088

42,741

171,697

319,526

NET BOOK VALUE

At 31 March 2025

38,033

5,686

305,947

349,666

At 31 March 2024

56,341

7,687

403,454

467,482

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

413,500

Additions

19,358

At 31 March 2025

432,858

DEPRECIATION

At 1 April 2024

58,925

Charge for year

90,444

At 31 March 2025

149,369

NET BOOK VALUE

At 31 March 2025

283,489

At 31 March 2024

354,575

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

20,600

Additions

50,000

At 31 March 2025

70,600

NET BOOK VALUE

At 31 March 2025

70,600

At 31 March 2024

20,600

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

633,843

518,786

Other debtors

327,187

128,894

961,030

647,680

Included in other debtors is £60,001 of corporation tax incurred under Section 455 of the Corporation Tax Act 2010.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 10)

30,000

30,000

Hire purchase contracts

37,472

51,944

Trade creditors

272,813

149,441

Amounts owed to group undertakings

25,325

37,576

Taxation and social security

248,701

90,620

Other creditors

72,869

70,916

687,180

430,497

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 10)

7,500

37,500

Hire purchase contracts

240,204

261,318

247,704

298,818

10.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

30,000

30,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

7,500

37,500

Included in bank loans and overdrafts is a CBILS loan with an initial draw down of £150,000 and at the balance sheet date an outstanding balance of £37,500 (2024:£67,500).

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

37,500

67,500

Hire purchase contracts

277,676

313,262

315,176

380,762

The hire purchase liabilities are secured on the assets to which they relate.

On the 18th August 2017 Lloyds Bank PLC registered a charge by way of a debenture over the assets of the business.

12.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

66,064

94,224

Deferred

tax

£

Balance at 1 April 2024

94,224

Provided during year

(28,160

)

Balance at 31 March 2025

66,064

Deferred tax is recognised in respect of the excess of capital allowances over depreciation.

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

70

Ordinary

1

70

70

14.	OTHER FINANCIAL COMMITMENTS

The Company has an annual financial commitment in respect of its commercial premises of £37,620.

15.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

L R Bennellick and J Barnett

Balance outstanding at start of year

79,311

-

Amounts advanced

177,380

79,311

Amounts repaid

(79,311

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

177,380

79,311

Advances to the directors are subject to interest of £3,215 charged at the beneficial loan interest rate of 2.25%.

16.	RELATED PARTY DISCLOSURES

Transactions with directors are disclosed in Note 17 in accordance with Section 413 of the Companies Act 2006. No other related party transactions requiring disclosure under FRS 102 Section 33 occurred during the year.