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Registration number: 06812944

SDM Joinery Manufacturers Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 28 February 2023

 

SDM Joinery Manufacturers Ltd

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

SDM Joinery Manufacturers Ltd

(Registration number: 06812944)
Abridged Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

41,238

3,180

Current assets

 

Debtors

5

1,203

-

Cash at bank and in hand

 

51,472

59,710

 

52,675

59,710

Creditors: Amounts falling due within one year

(37,404)

(324)

Net current assets

 

15,271

59,386

Total assets less current liabilities

 

56,509

62,566

Accruals and deferred income

 

(250)

(250)

Net assets

 

56,259

62,316

Capital and reserves

 

Called up share capital

2

2

Retained earnings

56,257

62,314

Shareholders' funds

 

56,259

62,316

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

SDM Joinery Manufacturers Ltd

(Registration number: 06812944)
Abridged Balance Sheet as at 28 February 2023

Approved and authorised by the Board on 15 November 2023 and signed on its behalf by:
 

.........................................

Mr Shane David McGarry

Director

 

SDM Joinery Manufacturers Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Hilltop
Northfield Avenue
Pleasley Vale
Mansfield
Nottinghamshire
NG19 8SG
England

These financial statements were authorised for issue by the Board on 15 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

Straight Line over 10 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

SDM Joinery Manufacturers Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

SDM Joinery Manufacturers Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2023

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 March 2022

13,400

13,400

Additions

43,464

43,464

At 28 February 2023

56,864

56,864

Depreciation

At 1 March 2022

10,220

10,220

Charge for the year

5,406

5,406

At 28 February 2023

15,626

15,626

Carrying amount

At 28 February 2023

41,238

41,238

At 28 February 2022

3,180

3,180

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.