Smarttek Global Limited

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—9

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Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: 10860622

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		2,836		3,981
Tangible Assets	5		821		3,046
Investments	6		100		-

			3,757		7,027
CURRENT ASSETS
Debtors	7	1,211,279		1,419,906
Cash at bank and in hand		12,778		10,561

		1,224,057		1,430,467
Creditors: Amounts Falling Due Within One Year	8	(1,226,293 )		(1,416,545 )

NET CURRENT ASSETS (LIABILITIES)			(2,236 )		13,922

TOTAL ASSETS LESS CURRENT LIABILITIES			1,521		20,949

NET ASSETS			1,521		20,949

CAPITAL AND RESERVES
Called up share capital	9		133		133
Profit and Loss Account			1,388		20,816

SHAREHOLDERS' FUNDS			1,521		20,949

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Smarttek Global 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.

The financial statements were approved by the board of directors on 24 September 2026 and were signed on its behalf by:

Mr B M Costa

Director

The notes on pages 4 to 9 form part of these financial statements.

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Smarttek Global Limited

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

Smarttek Global Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10860622 .

The registered office is 101 Lincoln House, 1-3 Brixton Road, London, SW9 6DE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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.

The financial statements are presented in Sterling (£) and figures are shown to the nearest whole pound.

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are website development. It is amortised to the profit and loss account over its estimated economic life of 4 years.

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:

Fixtures & Fittings	4 years on straight line basis
Computer Equipment	4 years on straight line basis

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Smarttek Global Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Investments

Investments in equity shared which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividend on equity securities are in income when receivable.

2.6. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Smarttek Global Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.9. Pensions

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2.10. Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

2.11. Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2024: 9)

4. Intangible Assets

	Website Development Costs
	£
Cost
As at 1 January 2025	4,581

As at 31 December 2025	4,581

Amortisation
As at 1 January 2025	600
Provided during the period	1,145

As at 31 December 2025	1,745

...CONTINUED

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Smarttek Global Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025	2,836

As at 1 January 2025	3,981

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2025	6,891	4,075	10,966

As at 31 December 2025	6,891	4,075	10,966

Depreciation
As at 1 January 2025	5,447	2,473	7,920
Provided during the period	1,444	781	2,225

As at 31 December 2025	6,891	3,254	10,145

Net Book Value
As at 31 December 2025	-	821	821

As at 1 January 2025	1,444	1,602	3,046

6. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 January 2025	-
Additions	100

As at 31 December 2025	100

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	100

As at 1 January 2025	-

Subsidiaries

Details of the company's subsidiaries as at 31 December 2025 are as follows:

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Smarttek Global Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Name of undertaking	Registered Office	Class of shares held	Direct holding	Indirect holding
Alternative Solution Group Limited	101 Lincoln House 1-3 Brixton Road, London, SW9 6DE	Ordinary	100.00%	-

Alternative Solutions Group Limited

The principal activity of Alternative Solutions Group Limited is management consultancy provider.

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	364,026	414,079
Prepayments and accrued income	229,495	323,975
Other debtors	-	11,624
Cycle Scheme deduction	2,417	-
VAT	24,950	-
Directors' loan accounts	11,139	15,000
Amounts owed by group undertakings	579,252	655,228

	1,211,279	1,419,906

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	101,450	82,908
Amounts owed to group undertakings	704,079	761,759
Other creditors	400,784	520,558
Taxation and social security	19,980	51,320

	1,226,293	1,416,545

Included in other creditors is a factoring liability of £213,883 (2024: £316,751), secured against trade debtors.

9. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
13,267 Ordinary Shares of £ 0.01 each	133	133

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Smarttek Global Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

10. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	15,000	68,436

11. Related Party Disclosures

Boss Professional Services Limited

Associate company

At the balance sheet date, Boss Professional Services Limited owed £217,319, (2024 : £318,895), to the company.

Boss ERP Consulting Limited

Company with common directors

At the balance sheet date, the company owed £701,259, (2024 : £761,759), to Boss ERP Consulting Limited.

Boss Energy Consulting Limited

Company with common directors

At the balance sheet date, Boss Energy Consulting Limited owed £361,932, (2024 : £326,342), to the company.

Alternative Group Solution Limited

Company with common directors

At the balance sheet date, the company owed £2,820, (2024 : Nil), to Alternative Group Solution Limited.

Smarttek Recruitment Services (Dublin)

Company with common directors

At the balance sheet date, Smarttek Recruitment Services (Dublin) owed NIL (2024 : £9,992), to the company.

Transactions with directors

At the balance sheet date, Barry Costa, a director of the company, owed £11,139, (2024: £15,000), to the company.

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Directors	Mr R J Bessell
	Mr B M Costa
	Mr T Payne

Company Number	10860622

Registered Office	101 Lincoln House
	1-3 Brixton Road
	London
	SW9 6DE

Accountants	Ripe LLP
	Chartered Accountants
	9a Burroughs Gardens
	London
	NW4 4AU