1 September 2022 false No description of principal activity Taxfiler 2023.10 11502411business:PrivateLimitedCompanyLtd2022-09-012023-08-31 115024112022-08-31 115024112022-09-012023-08-31 11502411business:AuditExempt-NoAccountantsReport2022-09-012023-08-31 11502411business:FilletedAccounts2022-09-012023-08-31 115024112023-08-31 11502411business:Director12022-09-012023-08-31 11502411business:RegisteredOffice2022-09-012023-08-31 115024112022-08-31 11502411core:WithinOneYear2023-08-31 11502411core:WithinOneYear2022-08-31 11502411core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 11502411core:ShareCapitalcore:PreviouslyStatedAmount2022-08-31 11502411core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 11502411core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-31 11502411core:PreviouslyStatedAmount2023-08-31 11502411core:PreviouslyStatedAmount2022-08-31 11502411business:SmallEntities2022-09-012023-08-31 11502411countries:EnglandWales2022-09-012023-08-31 11502411core:MotorVehicles2022-08-31 11502411core:MotorVehicles2022-09-012023-08-31 11502411core:MotorVehicles2023-08-31 115024112021-09-012022-08-31 iso4217:GBP xbrli:pure
Company Registration No. 11502411 (England and Wales)
SM WELDING AND FABRICATION LTD Filleted Accounts for the year ended 31 August 2023
SM WELDING AND FABRICATION LTD Filleted Accounts Contents
Page
- 2 -
SM WELDING AND FABRICATION LTD Company Information for the year ended 31 August 2023
Director
Saulius Miltenis
Company Number
11502411 (England and Wales)
Registered Office
3 WOODSIDE INDUSTRIAL ESTATE WORKS ROAD LETCHWORTH GARDEN CITY SG6 1LA ENGLAND
- 3 -
SM WELDING AND FABRICATION LTD Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
24,822 
8,104 
Current assets
Debtors
114,561 
160,844 
Cash at bank and in hand
235,984 
20,758 
350,545 
181,602 
Creditors: amounts falling due within one year
(132,737)
(10,386)
Net current assets
217,808 
171,216 
Net assets
242,630 
179,320 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
242,629 
179,319 
Shareholders' funds
242,630 
179,320 
For the year ending 31 August 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 November 2023 and were signed on its behalf by
Saulius Miltenis Director Company Registration No. 11502411
- 4 -
SM WELDING AND FABRICATION LTD Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
SM WELDING AND FABRICATION LTD is a private company, limited by shares, registered in England and Wales, registration number 11502411. The registered office is 3 WOODSIDE INDUSTRIAL ESTATE, WORKS ROAD, LETCHWORTH GARDEN CITY, SG6 1LA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 September 2022
13,355 
Additions
24,350 
At 31 August 2023
37,705 
Depreciation
At 1 September 2022
5,251 
Charge for the year
7,632 
At 31 August 2023
12,883 
Net book value
At 31 August 2023
24,822 
At 31 August 2022
8,104 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
114,285 
- 
Other debtors
276 
160,844 
114,561 
160,844 
- 5 -
SM WELDING AND FABRICATION LTD Notes to the Accounts for the year ended 31 August 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
5,285 
15,395 
Trade creditors
- 
(4,033)
Taxes and social security
20,931 
(5,782)
Other creditors
1,613 
- 
Loans from directors
104,908 
4,806 
132,737 
10,386 
7
Average number of employees
During the year the average number of employees was 6 (2022: 6).
- 6 -