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Smart Computers and Networks Limited

Registered Number:04093413

For the year ended 31 October 2025
England and Wales
Unaudited Financial Statements

2
For the year ended 31 October 2025
Smart Computers and Networks Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3

Registered Number :

04093413

As at 31 October 2025

Smart Computers and Networks Limited
Statement of Financial Position

£

£

2024
2025

Notes

Fixed assets

Property, plant and equipment

28,241
595
2
28,241
595

Current assets

Inventories

446
272
3

Trade and other receivables

16,989
13,540
4
12,508

Cash and cash equivalents

6,698
20,510
29,943

Trade and other payables: amounts falling due within one
year

(12,954)
(47,751)
5
16,989
(27,241)
Net current liabilities

Total assets less current liabilities

1,000
17,584
1,000
Net assets
17,584

Capital and reserves

Called up share capital

100
100

Retained earnings

900
17,484
1,000
17,584
Shareholders' funds

For the year ended 31 October 2025 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 of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Mr N Beatson Director

These financial statements were approved and authorised for issue by the Board on 03 March 2026 and were signed by:

The notes form part of these financial statements

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4
For the year ended 31 October 2025
Smart Computers and Networks Limited
Notes to the Financial Statements
Statutory Information

Smart Computers and Networks Limited is a private limited company, limited by shares, domiciled in England
and Wales, registration number 04093413.

Registered address:

Omega Court
368 Cemetery Road
Sheffield
S11 8FT

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1 A 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 have been prepared under the historical costs convention as
modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Turnover is recognised on the completion of each large contract assignment or small job, in accordance with the contract terms.

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Office equipment

25% Reducing balance

25% Reducing balance

Motor vehicles

15% Reducing balance

Fixtures and fittings
Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Income on work in progress contracts is recognised by reference to the valuation of time spent on each contract, at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs.

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5
For the year ended 31 October 2025
Smart Computers and Networks Limited
Notes to the Financial Statements Continued
Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 the 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 timing differences. 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 future profits.

2. Property, plant and equipment

Total

Fixtures and
fittings

Motor vehicles

Office
equipment

£

£

£

£

Cost or
valuation

At 01 November 2024

7,584
2,015
-
5,569
37,048
-
37,048
-

Additions

At 31 October 2025

5,569
37,048
2,015
44,632

Provision for depreciation and impairment

At 01 November 2024

6,989
1,923
-
5,066
Charge for year
9,402
14
9,262
126

At 31 October 2025

16,391
1,937
9,262
5,192

At 31 October 2025

Net book value

377
27,786
78
28,241

At 31 October 2024

503
-
92
595

3. Inventories

2024
2025

£

£

Stocks

272
446

4. Trade and other receivables

2024
2025

£

£

Trade debtors

13,540
16,989

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6
For the year ended 31 October 2025
Smart Computers and Networks Limited
Notes to the Financial Statements Continued

5. Trade and other payables: amounts falling due within one year

2024
2025

£

£

Trade creditors

1,080
209

Taxation and social security

10,725
10,192

Other creditors

35,946
2,553
47,751
12,954

6. Related party transactions

The director is also a shareholder of the company. Dividends paid to Mr N Beatson, as director and
shareholder of the company, during the year (with the previous year shown in brackets) were £22,000
(£41,000).

7. Average number of persons employed

During the year the average number of employees was 1 (2024 : 1)
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