Pro Smart Ltd

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

Registered number: 07570433

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		865		8,695

			865		8,695
CURRENT ASSETS
Stocks		1,500		4,000
Debtors	6	29,324		28,810
Cash at bank and in hand		16,225		35,708

		47,049		68,518
Creditors: Amounts Falling Due Within One Year	7	(35,351 )		(47,922 )

NET CURRENT ASSETS (LIABILITIES)			11,698		20,596

TOTAL ASSETS LESS CURRENT LIABILITIES			12,563		29,291

Creditors: Amounts Falling Due After More Than One Year	8		-		(12,749 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(216 )		(2,173 )

NET ASSETS			12,347		14,369

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			12,247		14,269

SHAREHOLDERS' FUNDS			12,347		14,369

Page 1

Page 2

Pro Smart Ltd

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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 P G Cockerton

Director

8 October 2026

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

1. General Information

Pro Smart Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07570433 . The registered office is 15 Killarney Close, Grantham, Lincolnshire, NG31 9GA.

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.

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 - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of five 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:

Plant & Machinery	33% straight line
Motor Vehicles	25% straight line
Computer Equipment	33% straight line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. 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.

Page 3

Page 4

Pro Smart Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.7. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2025: 4)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2025	10,000

As at 31 March 2026	10,000

Amortisation
As at 1 April 2025	10,000

As at 31 March 2026	10,000

Net Book Value
As at 31 March 2026	-

As at 1 April 2025	-

5. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2025	55,841	2,182	58,023
Additions	-	865	865
Disposals	(24,980 )	-	(24,980 )

As at 31 March 2026	30,861	3,047	33,908

Depreciation
As at 1 April 2025	47,497	1,831	49,328
Provided during the period	2,773	351	3,124
Disposals	(19,409 )	-	(19,409 )

As at 31 March 2026	30,861	2,182	33,043

...CONTINUED

Page 4

Page 5

Pro Smart Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

Net Book Value
As at 31 March 2026	-	865	865

As at 1 April 2025	8,344	351	8,695

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	29,004	28,470
Prepayments and accrued income	320	340

	29,324	28,810

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	-	4,756
Bank loans and overdrafts	1,333	8,000
Corporation tax	21,344	24,939
Other taxes and social security	2,269	4,009
VAT	8,799	5,499
Other creditors	1,403	562
Accruals and deferred income	118	71
Directors' loan accounts	85	86

	35,351	47,922

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

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	-	11,416
Bank loans	-	1,333

	-	12,749

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

Page 5