Smart-Ag Ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 16622656

		2026
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		35,947

			35,947
CURRENT ASSETS
Debtors	5	3,501
Cash at bank and in hand		10,203

		13,704
Creditors: Amounts Falling Due Within One Year	6	(20,689 )

NET CURRENT ASSETS (LIABILITIES)			(6,985 )

TOTAL ASSETS LESS CURRENT LIABILITIES			28,962

Creditors: Amounts Falling Due After More Than One Year	7		(26,781 )

NET ASSETS			2,181

CAPITAL AND RESERVES
Called up share capital	9		110
Income Statement			2,071

SHAREHOLDERS' FUNDS			2,181

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Smart-Ag Ltd

Statement of Financial Position (continued)

As At 31 July 2026

For the year ending 31 July 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement.

On behalf of the board

Mr B Mead

Director

14th October 2026

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

1. General Information

Smart-Ag Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 16622656 . The registered office is The Barn High Street, Corby Glen, Grantham, NG33 4LX.

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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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. 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:

Motor Vehicles	20% straight line
Fixtures & Fittings	25% straight line
Computer Equipment	25% straight line

2.4. 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 income statement 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 income statement as incurred.

2.5. Taxation

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

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.

Current tax is recognised in profit or loss for the year, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case current tax is recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1

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Smart-Ag Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2026

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 August 2025	-	-	-	-
Additions	40,914	1,618	540	43,072

As at 31 July 2026	40,914	1,618	540	43,072

Depreciation
As at 1 August 2025	-	-	-	-
Provided during the period	6,819	171	135	7,125

As at 31 July 2026	6,819	171	135	7,125

Net Book Value
As at 31 July 2026	34,095	1,447	405	35,947

As at 1 August 2025	-	-	-	-

5. Debtors

	2026
	£
Due within one year
Other debtors	3,501

6. Creditors: Amounts Falling Due Within One Year

	2026
	£
Net obligations under finance lease and hire purchase contracts	5,278
Trade creditors	1,618
Other creditors	5,344
Taxation and social security	8,449

	20,689

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

	2026
	£
Net obligations under finance lease and hire purchase contracts	26,781

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Smart-Ag Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2026

8. Obligations Under Finance Leases and Hire Purchase

	2026
	£
The future minimum finance lease payments are as follows:
Not later than one year	5,278
Later than one year and not later than five years	26,781

	32,059

	32,059

9. Share Capital

	2026
	£
Allotted, Called up and fully paid	110

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