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Company Registration No. 10986320 (England and Wales)
Smart Motors Ltd Filleted accounts for the year ended 30 September 2025
Smart Motors Ltd Filleted accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Smart Motors Ltd Company Information for the year ended 30 September 2025
Director
Ismail Ayyub Daud Valli
Company Number
10986320 (England and Wales)
Registered Office
54 Bradbourne Road Leicester LE5 5AL
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Smart Motors Ltd Statement of financial position as at 30 September 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
788
-
Current assets
Inventories
5
73,855
62,855
Debtors
6
1,118
6,312
Cash at bank and in hand
57,659
132,416
132,632
201,583
Creditors: amounts falling due within one year
7
(103,763)
(173,297)
Net current assets
28,869
28,286
Net assets
29,657
28,286
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
29,557
28,186
Shareholders' funds
29,657
28,286
For the year ending 30 September 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 June 2025 and were signed on its behalf by
Ismail Ayyub Daud Valli Director Company Registration No. 10986320
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Smart Motors Ltd Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
Smart Motors Ltd is a private company, limited by shares, registered in England and Wales, registration number 10986320. The registered office is 54 Bradbourne Road, Leicester, LE5 5AL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Smart Motors Ltd Notes to the Accounts for the year ended 30 September 2025
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 October 2024
-
Additions
1,182
At 30 September 2025
1,182
Depreciation
Charge for the year
394
At 30 September 2025
394
Net book value
At 30 September 2025
788
5
Inventories
2025
2024
£
£
Finished goods
73,855
62,855
73,855
62,855
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
945
-
Trade debtors
173
6,312
1,118
6,312
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
-
1,985
Taxes and social security
137
2,675
Other creditors
80,001
80,002
Loans from directors
22,791
85,664
Accruals
834
2,971
103,763
173,297
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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