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REGISTERED NUMBER: 08167609 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 July 2023

for

SMW MAINTENANCE & BUILDING LTD

SMW MAINTENANCE & BUILDING LTD (REGISTERED NUMBER: 08167609)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SMW MAINTENANCE & BUILDING LTD

Company Information
FOR THE YEAR ENDED 31 July 2023







DIRECTOR: S M Wynne





REGISTERED OFFICE: Unit 6 Damery Works
Damery Lane Woodford
Berkeley
Gloucestershire
GL13 9JR





REGISTERED NUMBER: 08167609 (England and Wales)





ACCOUNTANTS: MGB Accountants (Stonehouse) Limited
Suite 5, First Floor
The Counting House
Bonds Mill Estate
Stonehouse
Gloucestershire
GL10 3RF

SMW MAINTENANCE & BUILDING LTD (REGISTERED NUMBER: 08167609)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,332 85,086

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 62,772 50,615
Cash at bank 40,249 8,334
108,021 63,949
CREDITORS
Amounts falling due within one year 6 97,831 77,788
NET CURRENT ASSETS/(LIABILITIES) 10,190 (13,839 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,522

71,247

CREDITORS
Amounts falling due after more than one year 7 42,553 70,536
NET ASSETS 17,969 711

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 17,967 709
17,969 711

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 November 2023 and were signed by:





S M Wynne - Director


SMW MAINTENANCE & BUILDING LTD (REGISTERED NUMBER: 08167609)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 July 2023

1. STATUTORY INFORMATION

Smw Maintenance & Building 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.
Plant and machinery etc - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 8 ) .

SMW MAINTENANCE & BUILDING LTD (REGISTERED NUMBER: 08167609)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 216,871
Disposals (51,338 )
At 31 July 2023 165,533
DEPRECIATION
At 1 August 2022 131,785
Charge for year 16,778
Eliminated on disposal (33,362 )
At 31 July 2023 115,201
NET BOOK VALUE
At 31 July 2023 50,332
At 31 July 2022 85,086

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 57,496 42,585
Other debtors 5,276 8,030
62,772 50,615

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 16,844
Hire purchase contracts 11,235 17,123
Trade creditors 52,393 23,340
Taxation and social security 7,115 7,466
Other creditors 17,088 13,015
97,831 77,788

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 18,333 28,333
Hire purchase contracts 24,220 42,203
42,553 70,536