SMART ELECTRONIC TECHNOLOGIES LTD

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -8.3%

  £31,632,745 → £29,020,957

• Cash

  -40.4%

  £6,235,890 → £3,714,982

• Net assets

  +4%

  £27,246,593 → £28,337,020

  highest in 4 filed years

• Employees

  +61.8%

  89 → 144

  highest in 4 filed years

• Operating profit

  -84.3%

  £11,330,098 → £1,778,478

• Profit before tax

  -90.5%

  £11,323,336 → £1,072,851

• Wages

  +60%

  £4,832,365 → £7,730,833

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. SMART ELECTRONIC TECHNOLOGIES LTD 2004-10-12 → present
2. CASTLE ADVANCED TECHOLOGIES LTD 2002-10-14 → 2004-10-12
3. CYCREST LIMITED 2002-05-14 → 2002-10-14

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “Underlying trading performance in the first half of the year was relatively strong, driven by the supply and installation of lighting products to public sector customers and ongoing customer demand for other energy efficiency products as a result of relatively high energy costs and carbon reduction initiatives.”
• “The announcement in May 2024 of a UK general election and the following election of a new government, created a period of uncertainty across our public sector customer base. This period of uncertainty resulted in a deferral in some new lighting orders in the second half of the year which impacted revenue and gross profit.”
• “Overall profit margins fell from 2023 to 2024 as a result of a changed product mix, further investment in operational excellence and costs overruns across a small number of legacy solar projects.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.