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Company Registration No. 10849631 (England and Wales)
SME Hereford Ltd Unaudited accounts for the year ended 31 July 2023
SME Hereford Ltd Unaudited accounts Contents
Page
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SME Hereford Ltd Company Information for the year ended 31 July 2023
Directors
M Arnold A Arnold
Company Number
10849631 (England and Wales)
Registered Office
4 Hopton Close Bartestree Hereford Herefordshire HR1 4DQ United Kingdom
Accountants
Diana Duggan & Co 27 East Street Hereford HR1 2LU
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SME Hereford Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,931 
1,365 
Current assets
Debtors
2,396 
24,015 
Cash at bank and in hand
80,681 
33,329 
83,077 
57,344 
Creditors: amounts falling due within one year
(29,428)
(31,393)
Net current assets
53,649 
25,951 
Net assets
55,580 
27,316 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
55,578 
27,314 
Shareholders' funds
55,580 
27,316 
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 26 February 2024 and were signed on its behalf by
M Arnold Director Company Registration No. 10849631
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SME Hereford Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
SME Hereford Ltd is a private company, limited by shares, registered in England and Wales, registration number 10849631. The registered office is 4 Hopton Close, Bartestree, Hereford, Herefordshire, HR1 4DQ, United Kingdom.
2
Compliance with accounting standards
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. There were no material changes to accounting policies following adoption.
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 financial statements have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows: Rendering of services - Turnover from services is recognised on completion of services.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant & machinery
20% on reducing balance
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.
Going concern
There are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern.
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SME Hereford Ltd Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2022
2,461 
Additions
1,048 
At 31 July 2023
3,509 
Depreciation
At 1 August 2022
1,096 
Charge for the year
482 
At 31 July 2023
1,578 
Net book value
At 31 July 2023
1,931 
At 31 July 2022
1,365 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
22,950 
Accrued income and prepayments
2,396 
1,065 
2,396 
24,015 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
11,925 
7,421 
Trade creditors
- 
15,652 
Taxes and social security
11,477 
3,253 
Loans from directors
4,526 
4,267 
Accruals
1,500 
800 
29,428 
31,393 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Transactions with related parties
The company is controlled by the directors. During the year the directors have withdrawn £259 from their loan account making a balance of £4526 (£4267)
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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