SMART SYSTEMS LIMITED

1. SMART SYSTEMS LIMITED 1982-05-28 → present
2. SMART WINDOWS LIMITED 1977-05-23 → 1982-05-28

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared forecasts covering the next 12 months of trading which have been stress tested through pessimistic assumptions such as reduced revenue and reduced margins and these assumptions did not lead to any going concern issues as the company remained profitable and cash generative throughout the 12 months. The directors are satisfied that the company can fulfil all its payments and liabilities as they fall due. Thus, the company continues to adopt the going concern basis of accounting for the preparation of the financial statements.”

Significant events

• “Headcount for the year of 2024 has increased in line with business needs, to support the growing product range.”
• “Turnover fell by over £5,100,000 in the year as a result of continued economic uncertainty brought about by an election in the UK. Gross profit recovered to 50.3% (2023: 48.2%) as a result of higher value-added sales (such as Signature Doors) in the year.”
• “During 2024 Smart Systems Limited further strengthened its position as the UK's leading supplier of aluminium systems.”
• “2024 saw the new site layout working as intended, with a natural flow returning to the factory's operations after a period of disruption due to the works.”
• “Investment in plant, equipment and Smart's people continued throughout the year, keeping the company and its staff at the cutting edge of technology, processes and service.”
• “During 2024 sales of Smart's recently launched Signature Door, Door Panel and AluSpace ranges continued to grow strongly.”
• “In June 2024 Smart hosted two Open Days, welcoming more than 150 customers to site.”
• “Smart also exhibited at some of the UK's leading trade shows, including UK Construction Week and Offsite Expo.”
• “In June Smart re-launched its offer to architects, developers and planners under a new 'Commercial Solutions' brand.”
• “A loan to a fellow subsidiary was waived during the year (see note 5) for the benefit of the Company due to the integrated supply chain between the Company and the fellow subsidiary.”
• “Smart's 7,000 solar panel array, installed across our three factory roofs, is now fully operational, with the panels supplying 20% of the site's total energy requirements, reducing its operational CO2 emissions by nearly 600 tonnes each year.”
• “A new quarterly newsletter, 'The Spark' was launched.”
• “Smart also trained employees across a range of activities, including Health and Safety.”
• “Smart continues to engage with the local community, supporting individuals in their fund raising activities and making corporate donations to its long-standing chosen local charity, the Children's Hospice South West (CHSW).”
• “In 2025, Smart will launch a number product additions and evolutions, including a comprehensive upgrade to the Visofold 1000 Slim system.”
• “The company will also be exhibiting at the FIT Show, the UK's largest trade show for fabricators and installers.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -4%

  £127,250,000 → £122,127,000

• Cash

  -83.9%

  £10,170,000 → £1,634,000

• Net assets

  -4.1%

  £287,458,000 → £275,693,000

• Employees

  +2.2%

  414 → 423

• Operating profit

  -69.1%

  £57,697,000 → £17,852,000

• Profit before tax

  -85.2%

  £67,173,000 → £9,965,000

• Wages

  +5.6%

  £15,602,000 → £16,474,000

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