SM DRIVE LTD

Company Registration Number:
11799349 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2023

Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

SM DRIVE LTD

Contents of the Financial Statements

for the Period Ended 31 January 2023

Balance sheet
Notes

SM DRIVE LTD

Balance sheet

As at 31 January 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,028,304 685,731
Total fixed assets: 1,028,304 685,731
Current assets
Stocks: 748,594 501,283
Debtors:   749,381 548,391
Cash at bank and in hand: 329,342 225,849
Total current assets: 1,827,317 1,275,523
Creditors: amounts falling due within one year:   (192,334) (148,302)
Net current assets (liabilities): 1,634,983 1,127,221
Total assets less current liabilities: 2,663,287 1,812,952
Total net assets (liabilities): 2,663,287 1,812,952
Capital and reserves
Called up share capital: 375,000 375,000
Profit and loss account: 2,288,287 1,437,952
Shareholders funds: 2,663,287 1,812,952

The notes form part of these financial statements

SM DRIVE LTD

Balance sheet statements

For the year ending 31 January 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 October 2023
and signed on behalf of the board by:

Name: Mihai Sterescu
Status: Director

The notes form part of these financial statements

SM DRIVE LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

SM DRIVE LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

2. Employees

2023 2022
Average number of employees during the period 21 17

SM DRIVE LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Tangible Assets

Total
Cost £
At 01 February 2022 685,731
Additions 342,573
At 31 January 2023 1,028,304
Net book value
At 31 January 2023 1,028,304
At 31 January 2022 685,731