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REGISTERED NUMBER: 04452868 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31st May 2023

for

Semiconductor Metrology Limited

Semiconductor Metrology Limited (Registered number: 04452868)






Contents of the Financial Statements
for the Year Ended 31st May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Semiconductor Metrology Limited

Company Information
for the Year Ended 31st May 2023







DIRECTORS: G J Hilton
J V Liberda





SECRETARY: E A Hilton





REGISTERED OFFICE: Heath House
Fleet Hill
Finchampstead
Berkshire
RG40 4LJ





REGISTERED NUMBER: 04452868 (England and Wales)





ACCOUNTANTS: Wheeler & Co Ltd
Chartered Accountants
The Shrubbery
14 Church Street
Whitchurch
Hampshire
RG28 7AB

Semiconductor Metrology Limited (Registered number: 04452868)

Balance Sheet
31st May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,190 88,700

CURRENT ASSETS
Stocks 592,000 542,000
Debtors 5 264,260 156,394
Cash at bank 309,202 540,326
1,165,462 1,238,720
CREDITORS
Amounts falling due within one year 6 253,993 286,234
NET CURRENT ASSETS 911,469 952,486
TOTAL ASSETS LESS CURRENT
LIABILITIES

961,659

1,041,186

PROVISIONS FOR LIABILITIES 5,500 11,100
NET ASSETS 956,159 1,030,086

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 955,959 1,029,886
SHAREHOLDERS' FUNDS 956,159 1,030,086

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Semiconductor Metrology Limited (Registered number: 04452868)

Balance Sheet - continued
31st May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st January 2024 and were signed on its behalf by:





G J Hilton - Director


Semiconductor Metrology Limited (Registered number: 04452868)

Notes to the Financial Statements
for the Year Ended 31st May 2023

1. STATUTORY INFORMATION

Semiconductor Metrology Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Semiconductor Metrology Limited (Registered number: 04452868)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2022
and 31st May 2023 311,693
DEPRECIATION
At 1st June 2022 222,993
Charge for year 38,510
At 31st May 2023 261,503
NET BOOK VALUE
At 31st May 2023 50,190
At 31st May 2022 88,700

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 193,641 77,331
Other debtors 200 200
Tax 1,005 -
VAT 25,668 34,008
Prepayments and accrued income 43,746 44,855
264,260 156,394

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 138,560 173,242
Tax - 1,005
Social security and other taxes 3,442 1,889
Directors' current accounts 100,202 100,120
Accrued expenses 11,789 9,978
253,993 286,234

7. RELATED PARTY DISCLOSURES

On 18th March 2022 the freehold property was transferred into a pension trust held personally in the names of the directors. The valuation of £160,000 was determined by Falconer Property Consultants Ltd in April 2021 and was at the prevailing market rate.

During the year rent of £17,000 (2022 - £4817) was paid to the Hilton Family SSAS, of which the directors are members.