Relate AccountsProduction v2.6.3 v2.6.3 2022-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company was that of an electrical engineer. 9 October 2023 1 1 NI668519 2023-03-31 NI668519 2022-03-31 NI668519 2021-03-31 NI668519 2022-04-01 2023-03-31 NI668519 2021-04-01 2022-03-31 NI668519 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 NI668519 uk-bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 NI668519 uk-bus:AbridgedAccounts 2022-04-01 2023-03-31 NI668519 uk-core:ShareCapital 2023-03-31 NI668519 uk-core:ShareCapital 2022-03-31 NI668519 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI668519 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 NI668519 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 NI668519 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-03-31 NI668519 uk-bus:FRS102 2022-04-01 2023-03-31 NI668519 uk-core:Goodwill 2022-04-01 2023-03-31 NI668519 uk-core:PlantMachinery 2022-04-01 2023-03-31 NI668519 uk-core:MotorVehicles 2022-04-01 2023-03-31 NI668519 uk-core:Goodwill 2022-03-31 NI668519 uk-core:Goodwill 2023-03-31 NI668519 2022-04-01 2023-03-31 NI668519 uk-bus:Director1 2022-04-01 2023-03-31 NI668519 uk-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI668519
 
 
SMK Control Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 March 2023
SMK Control Ltd
Company Registration Number: NI668519
ABRIDGED BALANCE SHEET
as at 31 March 2023

2023 2022
Notes £ £
 
Fixed Assets
Intangible assets 4 10,000 14,000
Tangible assets 5 9,209 11,737
───────── ─────────
19,209 25,737
───────── ─────────
 
Current Assets
Stocks 997 7,028
Debtors 87,039 15,778
Cash and cash equivalents 90,305 84,642
───────── ─────────
178,341 107,448
───────── ─────────
Creditors: amounts falling due within one year (40,784) (26,982)
───────── ─────────
Net Current Assets 137,557 80,466
───────── ─────────
Total Assets less Current Liabilities 156,766 106,203
 
Creditors:
amounts falling due after more than one year (35,118) (36,317)
───────── ─────────
Net Assets 121,648 69,886
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 121,548 69,786
───────── ─────────
Equity attributable to owners of the company 121,648 69,886
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
           
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
           
Approved by the Director and authorised for issue on 9 October 2023
           
________________________________          
Mr. Stephen McKenna          
Director          
           



SMK Control Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 March 2023

   
1. General Information
 
SMK Control Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI668519. The registered office of the company is 210 Dungannon Road, Killeeshil, Dungannon, Co. Tyrone, BT70 1TH, United Kingdom which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 March 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Intangible assets
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 5 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 20% Straight line
  Motor vehicles - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 1, (2022 - 1).
 
  2023 2022
  Number Number
 
Administrative 1 1
  ═════════ ═════════
       
4. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 1 April 2022 20,000 20,000
  ───────── ─────────
 
At 31 March 2023 20,000 20,000
  ───────── ─────────
Amortisation
At 1 April 2022 6,000 6,000
Charge for financial year 4,000 4,000
  ───────── ─────────
At 31 March 2023 10,000 10,000
  ───────── ─────────
Net book value
At 31 March 2023 10,000 10,000
  ═════════ ═════════
At 31 March 2022 14,000 14,000
  ═════════ ═════════
         
5. Tangible assets
  Plant and Motor Total
  machinery vehicles  
       
  £ £ £
Cost
At 1 April 2022 3,517 10,500 14,017
Disposals (1,200) - (1,200)
  ───────── ───────── ─────────
At 31 March 2023 2,317 10,500 12,817
  ───────── ───────── ─────────
Depreciation
At 1 April 2022 1,055 1,225 2,280
Charge for the financial year 463 1,225 1,688
On disposals (360) - (360)
  ───────── ───────── ─────────
At 31 March 2023 1,158 2,450 3,608
  ───────── ───────── ─────────
Net book value
At 31 March 2023 1,159 8,050 9,209
  ═════════ ═════════ ═════════
At 31 March 2022 2,462 9,275 11,737
  ═════════ ═════════ ═════════
       
6. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 March 2023.
   
7. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.