REGISTERED NUMBER: 03920696 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

SMARTCOM SOLUTIONS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K Ashworth

REGISTERED OFFICE:

Bourne End

Kineton Road Ind Estate

Southam

Warwickshire

CV47 0NA

REGISTERED NUMBER:

03920696 (England and Wales)

BANKERS:

HSBC

PO Box 88

The Parade

Leamington Spa

Warwickshire

CV32 4BU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

852,019

1,023,962

852,019

1,023,962

CURRENT ASSETS

Stocks

117,495

137,253

Debtors

4,312,680

1,164,177

Cash at bank

474,467

2,664,113

4,904,642

3,965,543

CREDITORS

Amounts falling due within one year

1,211,687

1,123,137

NET CURRENT ASSETS

3,692,955

2,842,406

TOTAL ASSETS LESS CURRENT LIABILITIES

4,544,974

3,866,368

CREDITORS

Amounts falling due after more than one year

(641,250

)

(273,147

)

PROVISIONS FOR LIABILITIES

(213,005

)

(255,991

)

NET ASSETS

3,690,719

3,337,230

CAPITAL AND RESERVES

Called up share capital

8

5,055

5,055

Capital redemption reserve

5,045

5,045

Retained earnings

3,680,619

3,327,130

SHAREHOLDERS' FUNDS

3,690,719

3,337,230

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 January 2026 and were signed by:

K Ashworth - Director

1.	STATUTORY INFORMATION

Smartcom Solutions 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The financial statements are presented in sterling which is the functional currency of the company and is rounded to the nearest £1.

Turnover

Turnover comprises the value of sales (excluding value added tax, similar taxes and trade discounts) of goods and services provided in the normal course of business. Revenue is recognised when the goods are despatched, which is the same day on which the goods are delivered and hence is the point at which the risks and rewards of ownership passes to the buyer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off 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

-

10% on reducing balance

Office equipment

-

15% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

Over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 30 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2024

and 30 June 2025

485,000

AMORTISATION

At 1 July 2024

and 30 June 2025

485,000

NET BOOK VALUE

At 30 June 2025

-

At 30 June 2024

-

The goodwill has arisen from the acquisition of the trade and assets of Smartcom Laser LLP.

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2024

1,810,830

Additions

799

Disposals

(131,000

)

At 30 June 2025

1,680,629

DEPRECIATION

At 1 July 2024

786,868

Charge for year

115,430

Eliminated on disposal

(73,688

)

At 30 June 2025

828,610

NET BOOK VALUE

At 30 June 2025

852,019

At 30 June 2024

1,023,962

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

Totals

£

COST

At 1 July 2024

and 30 June 2025

567,500

DEPRECIATION

At 1 July 2024

73,775

Charge for year

49,373

At 30 June 2025

123,148

NET BOOK VALUE

At 30 June 2025

444,352

At 30 June 2024

493,725

6.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

112,033

90,000

Between one and five years

172,500

262,500

284,533

352,500

Non-cancellable

operating leases

2025

2024

£

£

Within one year

93,000

93,000

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

284,533

352,500

Other creditors

656,250

-

940,783

352,500

The hire purchase creditors are secured on the assets concern.

Other creditors are secured by a fixed and floating charge over the assets of the company.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

5,005

Ordinary A

£1

5,005

5,005

50

Ordinary B

£1

50

50

5,055

5,055

The A shares are voting shares with rights to dividends. The B shares are non-voting, non equity shares with rights to dividends.

9.	PENSION COMMITMENTS

At the balance sheet date, unpaid contributions of £2,526 (2024 - £nil) were due to the fund. They are included in creditors due within one year.