Company Registration No. 09623401 (England and Wales)
SM SUBSTATION SERVICES LTD
Unaudited accounts
for the year ended 27 June 2023
SM SUBSTATION SERVICES LTD
Unaudited accounts
Contents
SM SUBSTATION SERVICES LTD
Company Information
for the year ended 27 June 2023
Director
Mr Steven Merrick
Company Number
09623401 (England and Wales)
Registered Office
44 Oldfield Road
Sale
M33 2AQ
Accountants
Evans Entwistle
Venta House
Maes-glas
Newport
NP20 2NS
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
SM SUBSTATION SERVICES LTD
for the year ended 27 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SM SUBSTATION SERVICES LTD for the year ended 27 June 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
Venta House
Maes-glas
Newport
NP20 2NS
17 November 2023
SM SUBSTATION SERVICES LTD
Statement of financial position
as at 27 June 2023
Tangible assets
42,042
1,061
Cash at bank and in hand
18,560
7,209
Creditors: amounts falling due within one year
(21,687)
(25,617)
Net current assets
7,867
21,379
Total assets less current liabilities
49,909
22,440
Creditors: amounts falling due after more than one year
(33,509)
(4,543)
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
8,410
17,693
Shareholders' funds
8,412
17,695
For the year ending 27 June 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 17 November 2023 and were signed on its behalf by
Mr Steven Merrick
Director
Company Registration No. 09623401
SM SUBSTATION SERVICES LTD
Notes to the Accounts
for the year ended 27 June 2023
SM SUBSTATION SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 09623401. The registered office is 44 Oldfield Road, Sale, M33 2AQ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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:
Plant & machinery
5 years - straight line
Computer equipment
5 years - straight line
SM SUBSTATION SERVICES LTD
Notes to the Accounts
for the year ended 27 June 2023
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 28 June 2022
-
1,990
1,990
At 27 June 2023
47,745
1,990
49,735
Charge for the year
6,366
398
6,764
At 27 June 2023
6,366
1,327
7,693
At 27 June 2023
41,379
663
42,042
At 27 June 2022
-
1,061
1,061
Amounts falling due within one year
Other debtors
10,994
39,787
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,703
1,703
Obligations under finance leases and hire purchase contracts
8,972
-
Taxes and social security
3,703
16,783
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
28,077
-
Loans from directors
2,349
-
SM SUBSTATION SERVICES LTD
Notes to the Accounts
for the year ended 27 June 2023
8
Deferred taxation
2023
2022
Accelerated capital allowances
7,988
202
Provision at start of year
202
277
Charged/(credited) to the profit and loss account
7,786
(75)
Provision at end of year
7,988
202
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).