REGISTERED NUMBER: 10482361 (England and Wales)

Financial Statements for the Year Ended 31 October 2025

for

Smart Energy West Midlands Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M Dransfield

REGISTERED OFFICE:

Unit 11

North Street Trading Estate

Brierley Hill

West Midlands

DY5 3QF

REGISTERED NUMBER:

10482361 (England and Wales)

FIXED ASSETS

Tangible assets

4

155,876

186,419

CURRENT ASSETS

Stocks

26,818

-

Debtors

320,304

330,099

Cash at bank and in hand

440,778

775,907

787,900

1,106,006

CREDITORS

Amounts falling due within one year

348,238

551,012

NET CURRENT ASSETS

439,662

554,994

TOTAL ASSETS LESS CURRENT LIABILITIES

595,538

741,413

CREDITORS

Amounts falling due after more than one year

(12,572

)

(50,193

)

PROVISIONS FOR LIABILITIES

(29,616

)

(42,360

)

NET ASSETS

553,350

648,860

CAPITAL AND RESERVES

Called up share capital

5

100

100

Retained earnings

553,250

648,760

SHAREHOLDERS' FUNDS

553,350

648,860

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

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 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 31 October 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 29 July 2026 and were signed by:

Mr M Dransfield - Director

1.	STATUTORY INFORMATION

Smart Energy West Midlands Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in Pound Sterling (£) and are rounded to the nearest pound.

The financial statements are prepared on the going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

15% on reducing balance

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 21 (2024 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2024

286,290

Additions

15,588

At 31 October 2025

301,878

DEPRECIATION

At 1 November 2024

99,871

Charge for year

46,131

At 31 October 2025

146,002

NET BOOK VALUE

At 31 October 2025

155,876

At 31 October 2024

186,419

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

Totals

£

COST

At 1 November 2024

and 31 October 2025

156,907

DEPRECIATION

At 1 November 2024

45,602

Charge for year

27,826

At 31 October 2025

73,428

NET BOOK VALUE

At 31 October 2025

83,479

At 31 October 2024

111,305

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

£

100

Ordinary

£1

100

100

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:

31.10.25

31.10.24

£

£

Mr M Dransfield

Balance outstanding at start of year

95,122

93,703

Amounts advanced

121,459

95,434

Amounts repaid

(89,676

)

(94,015

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

126,905

95,122

The above loan is unsecured, interest free and repayable on demand.