28 June 2022 false Taxfiler 2023.14 09623401business:PrivateLimitedCompanyLtd2022-06-282023-06-27 096234012022-06-27 096234012022-06-282023-06-27 09623401business:AuditExemptWithAccountantsReport2022-06-282023-06-27 09623401business:FilletedAccounts2022-06-282023-06-27 096234012023-06-27 09623401business:Director12022-06-282023-06-27 09623401business:RegisteredOffice2022-06-282023-06-27 096234012022-06-27 09623401core:WithinOneYear2023-06-27 09623401core:WithinOneYear2022-06-27 09623401core:AfterOneYear2023-06-27 09623401core:AfterOneYear2022-06-27 09623401core:ShareCapitalcore:PreviouslyStatedAmount2023-06-27 09623401core:ShareCapitalcore:PreviouslyStatedAmount2022-06-27 09623401core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-27 09623401core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-27 09623401core:PreviouslyStatedAmount2023-06-27 09623401core:PreviouslyStatedAmount2022-06-27 09623401business:SmallEntities2022-06-282023-06-27 09623401countries:EnglandWales2022-06-282023-06-27 09623401core:PlantMachinery2022-06-282023-06-27 09623401core:ComputerEquipment2022-06-282023-06-27 09623401core:PlantMachinery2022-06-27 09623401core:ComputerEquipment2022-06-27 09623401core:PlantMachinery2023-06-27 09623401core:ComputerEquipment2023-06-27 09623401core:AcceleratedTaxDepreciationDeferredTax2023-06-27 09623401core:AcceleratedTaxDepreciationDeferredTax2022-06-27 096234012021-06-27 096234012021-06-282022-06-27 09623401business:OrdinaryShareClass12022-06-282023-06-27 09623401business:OrdinaryShareClass12021-06-282022-06-27 iso4217:GBP xbrli:shares xbrli:pure
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
Page
- 2 -
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
- 3 -
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
- 4 -
SM SUBSTATION SERVICES LTD Statement of financial position as at 27 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
42,042 
1,061 
Current assets
Debtors
10,994 
39,787 
Cash at bank and in hand
18,560 
7,209 
29,554 
46,996 
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
Deferred tax
(7,988)
(202)
Net assets
8,412 
17,695 
Capital and reserves
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
- 5 -
SM SUBSTATION SERVICES LTD Notes to the Accounts for the year ended 27 June 2023
1
Statutory information
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.
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.
Turnover
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 taxation
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
- 6 -
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 
Additions
47,745 
- 
47,745 
At 27 June 2023
47,745 
1,990 
49,735 
Depreciation
At 28 June 2022
- 
929 
929 
Charge for the year
6,366 
398 
6,764 
At 27 June 2023
6,366 
1,327 
7,693 
Net book value
At 27 June 2023
41,379 
663 
42,042 
At 27 June 2022
- 
1,061 
1,061 
5
Debtors
2023 
2022 
£ 
£ 
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 
VAT
6,209 
6,131 
Obligations under finance leases and hire purchase contracts
8,972 
- 
Taxes and social security
3,703 
16,783 
Accruals
1,100 
1,000 
21,687 
25,617 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
3,083 
4,543 
Obligations under finance leases and hire purchase contracts
28,077 
- 
Loans from directors
2,349 
- 
33,509 
4,543 
- 7 -
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 
2023 
2022 
£ 
£ 
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 
9
Share capital
2023 
2022 
£ 
£ 
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).
- 8 -