Smart rTMS Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 09921994

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		109,797		104,954

			109,797		104,954
CURRENT ASSETS
Stocks	6	200		6,401
Debtors	7	252,384		267,815
Cash at bank and in hand		12,406		18,642

		264,990		292,858
Creditors: Amounts Falling Due Within One Year	8	(145,912 )		(124,646 )

NET CURRENT ASSETS (LIABILITIES)			119,078		168,212

TOTAL ASSETS LESS CURRENT LIABILITIES			228,875		273,166

Creditors: Amounts Falling Due After More Than One Year	9		(353,819 )		(278,700 )

NET LIABILITIES			(124,944 )		(5,534 )

CAPITAL AND RESERVES
Called up share capital	10		1,008		1,008
Share premium account			1,015,188		1,015,188
Profit and Loss Account			(1,141,140 )		(1,021,730 )

SHAREHOLDERS' FUNDS			(124,944)		(5,534)

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Smart rTMS Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Gerard Barnes

Director

11/06/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Smart rTMS Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09921994 . The registered office is Unit 9 Cirencester Business Park, Tetbury Road, Cirencester, GL7 6JJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are amortised over its estimated economic life.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	10% straight line
Plant & Machinery	10% straight line
Fixtures & Fittings	20% straight line
Computer Equipment	33% straight line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2024: 13)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2025	17,490

As at 31 December 2025	17,490

Amortisation
As at 1 January 2025	17,490

As at 31 December 2025	17,490

Net Book Value
As at 31 December 2025	-

As at 1 January 2025	-

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Smart rTMS Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2025	1,248	214,374	3,809	14,109	233,540
Additions	-	27,403	-	2,613	30,016

As at 31 December 2025	1,248	241,777	3,809	16,722	263,556

Depreciation
As at 1 January 2025	125	110,543	3,809	14,109	128,586
Provided during the period	125	24,177	-	871	25,173

As at 31 December 2025	250	134,720	3,809	14,980	153,759

Net Book Value
As at 31 December 2025	998	107,057	-	1,742	109,797

As at 1 January 2025	1,123	103,831	-	-	104,954

6. Stocks

	2025	2024
	£	£
Finished goods	200	6,401

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	75,384	71,829
Prepayments and accrued income	3,863	2,227
Other debtors	9,166	12,806
Intercompany - Ireland	73,971	90,953
Deferred tax current asset	57,000	57,000

	219,384	234,815
Due after more than one year
Deferred tax current asset	33,000	33,000

	252,384	267,815

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Smart rTMS Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	61,555	56,866
Bank loans and overdrafts	24,975	18,304
Other taxes and social security	23,186	11,857
Other creditors	-	395
Accruals and deferred income	36,196	37,224

	145,912	124,646

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	21,417	50,930
Shareholder loan	332,402	227,770

	353,819	278,700

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,008	1,008

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

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