2022-02-012023-01-312023-01-31false11508270SMS ELECTRICAL SERVICES (LONDON) 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SMS ELECTRICAL SERVICES (LONDON) LTD

Registered Number
11508270
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2023

SMS ELECTRICAL SERVICES (LONDON) LTD
Company Information
for the year from 1 February 2022 to 31 January 2023

Directors

TURNER, Kirsty Louise
TURNER, Mark Robert

Registered Address

1 Gemini Court
42a Throwley Way,
Sutton
SM1 4AF

Registered Number

11508270 (England and Wales)
SMS ELECTRICAL SERVICES (LONDON) LTD
Statement of Financial Position
31 January 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets520,80327,338
20,80327,338
Current assets
Debtors658,814152,625
Cash at bank and on hand20,15730
78,971152,655
Creditors amounts falling due within one year7(44,850)(97,423)
Net current assets (liabilities)34,12155,232
Total assets less current liabilities54,92482,570
Creditors amounts falling due after one year8(12,294)(18,021)
Provisions for liabilities10(3,953)(5,195)
Net assets38,67759,354
Capital and reserves
Called up share capital200200
Profit and loss account38,47759,154
Shareholders' funds38,67759,354
The financial statements were approved and authorised for issue by the Board of Directors on 17 October 2023, and are signed on its behalf by:
TURNER, Mark Robert
Director
Registered Company No. 11508270
SMS ELECTRICAL SERVICES (LONDON) LTD
Notes to the Financial Statements
for the year ended 31 January 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
Turnover represents the value of services and goods provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
Vehicles25
Office Equipment25
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease. The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit or loss on a straight line basis over the period of the lease.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year23
5.Property, plant and equipment

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 February 2268833,8332,0932,47739,091
Additions---400400
At 31 January 2368833,8332,0932,87739,491
Depreciation and impairment
At 01 February 223989,1149151,32611,753
Charge for year736,1802943886,935
At 31 January 2347115,2941,2091,71418,688
Net book value
At 31 January 2321718,5398841,16320,803
At 31 January 2229024,7191,1781,15127,338
6.Debtors

2023

2022

££
Trade debtors / trade receivables51,55539,627
Other debtors1,440111,776
Prepayments and accrued income5,8191,222
Total58,814152,625
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables23,34528,391
Taxation and social security12,31111,458
Finance lease and HP contracts5,7275,727
Other creditors-4,099
Accrued liabilities and deferred income3,46747,748
Total44,85097,423
8.Creditors after one year

2023

2022

££
Other creditors12,29418,021
Total12,29418,021
9.Finance lease and HP contracts after one year

2023

2022

££
Finance lease and HP contracts12,29418,021
10.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)3,9535,195
Total3,9535,195