SMARTCOOL SYSTEMS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-04 (in 8mo)
Last made up 2025-12-21
Watchouts
None on the register
Cash
£40K
+54% vs 2023
Net assets
£553K
-7% first positive since 2020
Employees
11
+37.5% highest in 5 filed years
Profit before tax
-£42K
-287.4% lowest in 5 filed years
Net assets
9-year trend · vs Industrials median
Accounts
9-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-01-01 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | £157,324 | — | — | — | £988,280 | — | £2,828,876 | £2,297,863 | |
| Operating profit | — | — | — | — | — | — | — | £79,532 | -£11,726 | |
| Profit before tax | — | £87,240 | — | £22,288 | — | £121,995 | — | £22,164 | -£41,531 | |
| Net profit | — | £87,240 | — | £22,288 | — | £121,995 | — | £22,164 | -£41,530 | |
| Cash | — | £7,588 | — | £13,928 | — | £86,499 | — | £25,980 | £40,018 | |
| Total assets less current liabilities | — | — | — | — | — | — | — | £867,930 | £803,375 | |
| Net assets | — | -£371,579 | — | £450,709 | — | £572,704 | — | £594,868 | £553,336 | |
| Equity | -£458,819 | -£1,114,737 | -£371,579 | £1,352,127 | £450,709 | £1,718,112 | £572,704 | £1,784,603 | -£1 | |
| Average employees | — | 3 | — | 4 | — | 5 | — | 8 | 11 | |
| Wages | — | £140,615 | — | £196,044 | — | £249,231 | — | £420,918 | £521,616 | |
| Directors' remuneration | — | — | — | — | — | — | — | £104,925 | £129,300 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-18.8%
£2,828,876 £2,297,863
-
Cash
+54%
£25,980 £40,018
-
Net assets
-7%
£594,868 £553,336
first positive since 2020
-
Employees
+37.5%
8 11
highest in 5 filed years
-
Operating profit
-114.7%
£79,532 -£11,726
-
Profit before tax
-287.4%
£22,164 -£41,531
lowest in 5 filed years
-
Wages
+23.9%
£420,918 £521,616
highest in 5 filed years
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-01-01 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | 2.8% | -0.5% | |
| Net margin | — | 55.5% | — | — | — | 12.3% | — | 0.8% | -1.8% | |
| Return on capital employed | — | — | — | — | — | — | — | 9.2% | -1.5% | |
| Gearing (liabilities / total assets) | — | 168.9% | — | 28.0% | — | 53.2% | — | 59.7% | 63.5% | |
| Current ratio | — | — | — | — | — | — | — | 1.79x | 1.66x | |
| Interest cover | — | — | — | — | — | — | — | 2.99x | -0.58x |
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.
Name history
Renamed 1 time since incorporation
- SMARTCOOL SYSTEMS LIMITED 2025-04-04 → present
- LENTEN STREET LIMITED 2014-09-30 → 2025-04-04
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Shaw Gibbs (Audit) Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our evaluation of the director's assessment of the Company's ability to continue to adopt the going concern basis of accounting included: 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
- “Many of the initial pilot project started in 2023 converted into initial rollouts in 2024 and are anticipated to continue to add additional rollouts in 2025.”
- “R&D has been completed to bring the product offerings into the IOT world with a focus on wireless reporting and control.”
- “Management believes that the company will build on the cash flow that were generated in 2024, with the potential for a sizeable increase in cash flow in 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MARTIN, Steven Ian | Director | 2026-02-13 | Jun 1967 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BURNES, George | Director | 2014-09-30 | 2016-10-01 |
| KONYI, Theodore | Director | 2016-10-01 | 2026-02-13 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 40 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-04-04 CERTNM Certificate change of name company PDF
- 2021-12-07 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-13 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-04-04 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-01-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-27 | AA | accounts | Accounts with accounts type full | |
| 2024-01-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-17 | AA | accounts | Accounts with accounts type full | |
| 2023-01-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-11-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-07-15 | AA | accounts | Accounts with accounts type full | |
| 2022-06-27 | CH01 | officers | Change person director company with change date | |
| 2022-02-04 | AUD | auditors | Auditors resignation company | |
| 2022-01-04 | AA | accounts | Accounts with accounts type full | |
| 2022-01-03 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-12-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-12-15 | SH01 | capital | Capital allotment shares | |
| 2021-12-07 | RESOLUTIONS | resolution | Resolution | |
| 2021-09-30 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.