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REGISTERED NUMBER: 09268717 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Small Machines Limited

Small Machines Limited (Registered number: 09268717)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Small Machines Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: G Grover





REGISTERED OFFICE: 3.36 Persistence Works
21 Brown Street
Sheffield
S1 2BS





REGISTERED NUMBER: 09268717 (England and Wales)





ACCOUNTANTS: A&MPG Limited
6 Meadowhead
Sheffield
South Yorkshire
S8 7UD

Small Machines Limited (Registered number: 09268717)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,096 7,172

CURRENT ASSETS
Stocks 850 600
Cash at bank - 238
850 838
CREDITORS
Amounts falling due within one year 5 14,423 10,706
NET CURRENT LIABILITIES (13,573 ) (9,868 )
TOTAL ASSETS LESS CURRENT LIABILITIES (4,477 ) (2,696 )

CREDITORS
Amounts falling due after more than one
year

6

9,176

11,000
NET LIABILITIES (13,653 ) (13,696 )

CAPITAL AND RESERVES
Called up share capital 110 110
Share premium 9,990 9,990
Retained earnings (23,753 ) (23,796 )
(13,653 ) (13,696 )

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

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

The director acknowledges his 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.

Small Machines Limited (Registered number: 09268717)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 July 2024 and were signed by:





G Grover - Director


Small Machines Limited (Registered number: 09268717)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Small Machines 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Small Machines Limited (Registered number: 09268717)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 10,388 5,350 2,555 18,293
Additions - 6,350 - 6,350
Disposals - (5,350 ) - (5,350 )
At 31 October 2023 10,388 6,350 2,555 19,293
DEPRECIATION
At 1 November 2022 7,329 1,839 1,953 11,121
Charge for year 765 - 150 915
Eliminated on disposal - (1,839 ) - (1,839 )
At 31 October 2023 8,094 - 2,103 10,197
NET BOOK VALUE
At 31 October 2023 2,294 6,350 452 9,096
At 31 October 2022 3,059 3,511 602 7,172

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 7) 4,026 4,000
Social security and other taxes 156 388
Directors' current accounts 7,412 3,984
Accruals and deferred income 2,829 2,334
14,423 10,706

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 7) 9,176 11,000

7. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 26 -
Bank loans 4,000 4,000
4,026 4,000

Small Machines Limited (Registered number: 09268717)

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

7. LOANS - continued
2023 2022
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 9,176 11,000