Smart Energy Systems Limited - Filleted accounts

Registered number

07275096

Smart Energy Systems Limited

Filleted Accounts

31 October 2025

Smart Energy Systems Limited
Registered number:		07275096
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		111,811			89,667

Current assets
Stocks		21,927			30,431
Debtors	4	21,727			12,469
Cash at bank and in hand		37,155			42,921
		80,809			85,821

Creditors: amounts falling due within one year	5	(40,701)			(36,922)

Net current assets			40,108			48,899

Total assets less current liabilities			151,919			138,566

Creditors: amounts falling due after more than one year	6		(28,335)			(26,507)

Provisions for liabilities			(18,133)			(13,323)


Net assets			105,451			98,736

Capital and reserves
Called up share capital			10			10
Profit and loss account			105,441			98,726

Shareholders' funds			105,451			98,736

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Jonathan Andrews
Director
Approved by the board on 1 June 2026

Smart Energy Systems Limited
Notes to the Accounts
for the year ended 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Property improvements			10% straight line
	Plant and machinery			20% straight line
	Motor vehicles			20% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					5		4


3	Tangible fixed assets
		Property improvements		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 November 2024	80,486		61,429		116,744		258,659
	Additions	-		3,459		40,200		43,659
	At 31 October 2025	80,486		64,888		156,944		302,318

	Depreciation
	At 1 November 2024	60,943		51,697		56,352		168,992
	Charge for the year	3,172		4,920		13,423		21,515
	At 31 October 2025	64,115		56,617		69,775		190,507

	Net book value
	At 31 October 2025	16,371		8,271		87,169		111,811
	At 31 October 2024	19,543		9,732		60,392		89,667


4	Debtors					2025		2024
£							£

	Trade debtors					4,375		46
	Prepayments					4,146		1,822
	Other debtors					13,206		10,601
						21,727		12,469


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					6,508		6,232
	Obligations under finance lease and hire purchase contracts					15,665		8,060
	Trade creditors					9,122		7,150
	Taxation and social security costs					8,564		7,626
	Other creditors					842		7,854
						40,701		36,922


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					1,707		8,373
	Obligations under finance lease and hire purchase contracts					26,628		18,134
						28,335		26,507


7	Other information

	Smart Energy Systems Limited is a private company limited by shares and incorporated in Wales. Its registered office is:
	Ffridd Mill House
	Ffriddgate
	Machynlleth
	Powys
	SY20 8QG