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REGISTERED NUMBER: 07117923 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

SME ENVIRONMENTAL SERVICES LTD

SME ENVIRONMENTAL SERVICES LTD (REGISTERED NUMBER: 07117923)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SME ENVIRONMENTAL SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: M V McGrail





REGISTERED OFFICE: 21 Hollowgate
Rotherham
S60 2LE





REGISTERED NUMBER: 07117923 (England and Wales)





ACCOUNTANTS: Drury & Co
Accountants & Business Advisors
21 Hollowgate
Rotherham
South Yorkshire
S60 2LE

SME ENVIRONMENTAL SERVICES LTD (REGISTERED NUMBER: 07117923)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 663,090 555,070

CURRENT ASSETS
Stocks 5 272,476 341,726
Debtors 6 106,443 785,103
Cash at bank 12,017 24,092
390,936 1,150,921
CREDITORS
Amounts falling due within one year 7 487,214 351,774
NET CURRENT (LIABILITIES)/ASSETS (96,278 ) 799,147
TOTAL ASSETS LESS CURRENT
LIABILITIES

566,812

1,354,217

CREDITORS
Amounts falling due after more than one
year

8

(333,542

)

(415,694

)

PROVISIONS FOR LIABILITIES (119,561 ) (105,463 )
NET ASSETS 113,709 833,060

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 113,609 832,960
SHAREHOLDERS' FUNDS 113,709 833,060

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

SME ENVIRONMENTAL SERVICES LTD (REGISTERED NUMBER: 07117923)

BALANCE SHEET - continued
31 JANUARY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2023 and were signed by:





M V McGrail - Director


SME ENVIRONMENTAL SERVICES LTD (REGISTERED NUMBER: 07117923)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Sme Environmental Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Refurbishment costs - 20% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SME ENVIRONMENTAL SERVICES LTD (REGISTERED NUMBER: 07117923)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 24 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Refurbishment Plant and and
costs machinery fittings
£    £    £   
COST
At 1 February 2022 32,696 685,900 9,812
Additions - 141,613 43,871
Disposals - (19,000 ) -
At 31 January 2023 32,696 808,513 53,683
DEPRECIATION
At 1 February 2022 32,696 339,014 6,818
Charge for year - 118,562 10,032
Eliminated on disposal - (4,750 ) -
At 31 January 2023 32,696 452,826 16,850
NET BOOK VALUE
At 31 January 2023 - 355,687 36,833
At 31 January 2022 - 346,886 2,994

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2022 380,143 43,970 1,152,521
Additions 152,950 4,009 342,443
Disposals - - (19,000 )
At 31 January 2023 533,093 47,979 1,475,964
DEPRECIATION
At 1 February 2022 190,771 28,152 597,451
Charge for year 85,581 5,998 220,173
Eliminated on disposal - - (4,750 )
At 31 January 2023 276,352 34,150 812,874
NET BOOK VALUE
At 31 January 2023 256,741 13,829 663,090
At 31 January 2022 189,372 15,818 555,070

5. STOCKS
2023 2022
£    £   
Stocks 272,476 341,726

SME ENVIRONMENTAL SERVICES LTD (REGISTERED NUMBER: 07117923)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 75,204 402,367
Amounts owed by participating interests - 333,614
Other debtors 31,239 49,122
106,443 785,103

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 85,833 78,472
Hire purchase contracts - 4,812
Trade creditors 226,212 203,012
Taxation and social security 111,858 59,405
Other creditors 63,311 6,073
487,214 351,774

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 333,542 415,694

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the reporting date, the company was indebted to the director in the sum of £57,311 (2022: £73).

There are no formal repayment terms attached to this loan and interest is not being charged.