Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-3142022-04-01truetrueElectrical installation2true 00684725 2022-04-01 2023-03-31 00684725 2021-04-01 2022-03-31 00684725 2023-03-31 00684725 2022-03-31 00684725 c:Director1 2022-04-01 2023-03-31 00684725 d:MotorVehicles 2022-04-01 2023-03-31 00684725 d:MotorVehicles 2023-03-31 00684725 d:MotorVehicles 2022-03-31 00684725 d:OfficeEquipment 2022-04-01 2023-03-31 00684725 d:OfficeEquipment 2023-03-31 00684725 d:OfficeEquipment 2022-03-31 00684725 d:CurrentFinancialInstruments 2023-03-31 00684725 d:CurrentFinancialInstruments 2022-03-31 00684725 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00684725 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 00684725 d:ShareCapital 2023-03-31 00684725 d:ShareCapital 2022-03-31 00684725 d:RetainedEarningsAccumulatedLosses 2023-03-31 00684725 d:RetainedEarningsAccumulatedLosses 2022-03-31 00684725 c:OrdinaryShareClass1 2022-04-01 2023-03-31 00684725 c:OrdinaryShareClass1 2023-03-31 00684725 c:OrdinaryShareClass1 2022-03-31 00684725 c:EntityNoLongerTradingButTradedInPast 2022-04-01 2023-03-31 00684725 c:FRS102 2022-04-01 2023-03-31 00684725 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 00684725 c:FullAccounts 2022-04-01 2023-03-31 00684725 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00684725









SMYE-RUMSBY ENGINEERING CO. LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
SMYE-RUMSBY ENGINEERING CO. LIMITED
REGISTERED NUMBER: 00684725

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 3 
-
2,810

Current assets
  

Debtors: amounts falling due within one year
 4 
3,705
3,909

Cash at bank and in hand
 5 
9,491
9,422

  
13,196
13,331

Creditors: amounts falling due within one year
 6 
(24,029)
(24,029)

Net current liabilities
  
 
 
(10,833)
 
 
(10,698)

Total assets less current liabilities
  
(10,833)
(7,888)

  

Net liabilities
  
(10,833)
(7,888)


Capital and reserves
  

Called up share capital 
 7 
500
500

Profit and loss account
  
(11,333)
(8,388)

  
(10,833)
(7,888)


Page 1

 
SMYE-RUMSBY ENGINEERING CO. LIMITED
REGISTERED NUMBER: 00684725
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

For the year ended 31 March 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




P E Smye-Rumsby
Director

Date: 17 April 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
SMYE-RUMSBY ENGINEERING CO. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Smye-Rumsby Engineering Co. Limited is a private company limited by shares and incorporated in England and Wales. The address of the regstered office is 123/125 Snargate Street, Dover, Kent, CT17 9AP. The principal activity during the year was that of electrical installation.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

  
2.2

Going concern

The company has net liabilities of £7,888 (2021 - £17,380). However, the company has the support of its parent company, Smye-Rumsby Limited, which has the directors believe has sufficient reserves to continue to support the company.
Since the balance sheet date the company has had to deal with the coronavirus pandemic and the associated measures that the UK government, customers and suppliers have put in place to deal with it. While the company has undoubtedly suffered some impact impact from this in the short term, the directors are confident that the company can work through the temporary disruption and that the business plans are robust even in the current situation.
For these reasons the directors feel it is appropriate to prepare the accounts on the going concern basis.

Page 3

 
SMYE-RUMSBY ENGINEERING CO. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 4

 
SMYE-RUMSBY ENGINEERING CO. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Reducing balance
Office equipment
-

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 5

 
SMYE-RUMSBY ENGINEERING CO. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£





At 1 April 2022
6,189
597
6,786


Disposals
(6,189)
(597)
(6,786)



At 31 March 2023

-
-
-





At 1 April 2022
3,578
398
3,976


Disposals
(3,578)
(398)
(3,976)



At 31 March 2023

-
-
-



Net book value



At 31 March 2023
-
-
-



At 31 March 2022
2,611
199
2,810

Page 6

 
SMYE-RUMSBY ENGINEERING CO. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Debtors

2023
2022
£
£


Trade debtors
-
135

Other debtors
3,705
3,774

3,705
3,909



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
9,491
9,422

9,491
9,422



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
3,406
3,406

Corporation tax
781
781

Other creditors
17,892
17,892

Accruals
1,950
1,950

24,029
24,029



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



500 (2022 - 500) Ordinary shares of £1.00 each
500
500


Page 7

 
SMYE-RUMSBY ENGINEERING CO. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company  in an independently administered fund. The pension cost charge represents contributions payable by the company  to the fund and amounted to £1,086 (2021 - £4,653). Contributions totalling £Nil (2021 - £362) were payable to the fund at the balance sheet date and are included in other creditors due within one year.


9.


Related party transactions

Included within other creditors due within one year is a balance of £17,892 (2021 - £18,702) owed to the directors.
Included within creditors due within one year is a balance of £3,406 (
2021 - Debtor of £964) owed by the parent company. Sales of £29,143 (2021: £55,510) were made to the parent company during the year.

 
Page 8