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REGISTERED NUMBER: 11044853 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

SRM PROJECT SERVICES LTD

SRM PROJECT SERVICES LTD (REGISTERED NUMBER: 11044853)

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


SRM PROJECT SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: S Metcalf
Mrs A Metcalf





REGISTERED OFFICE: Oaktree Court Business Centre
Mill Lane
Neston
Cheshire
CH64 8TP





REGISTERED NUMBER: 11044853 (England and Wales)





ACCOUNTANTS: Michael Donnan & Co Limited
Oaktree Court Business Ctr
Mill Lane
Ness
Cheshire
CH64 8TP

SRM PROJECT SERVICES LTD (REGISTERED NUMBER: 11044853)

BALANCE SHEET
31 OCTOBER 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 364 524

CURRENT ASSETS
Debtors 5 76,283 73,527
Cash at bank 15,932 2,287
92,215 75,814
CREDITORS
Amounts falling due within one year 6 91,823 74,653
NET CURRENT ASSETS 392 1,161
TOTAL ASSETS LESS CURRENT
LIABILITIES

756

1,685

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 754 1,683
SHAREHOLDERS' FUNDS 756 1,685

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 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.

SRM PROJECT SERVICES LTD (REGISTERED NUMBER: 11044853)

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 Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





S Metcalf - Director


SRM PROJECT SERVICES LTD (REGISTERED NUMBER: 11044853)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

SRM Project Services Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Transactions are rounded to the nearest £.

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
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.


SRM PROJECT SERVICES LTD (REGISTERED NUMBER: 11044853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2022
and 31 October 2023 1,521 108 3,001 4,630
DEPRECIATION
At 1 November 2022 1,183 62 2,861 4,106
Charge for year 84 12 64 160
At 31 October 2023 1,267 74 2,925 4,266
NET BOOK VALUE
At 31 October 2023 254 34 76 364
At 31 October 2022 338 46 140 524

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade debtors 29,582 29,658
Directors' current accounts 46,608 43,749
Prepayments and accrued income 93 120
76,283 73,527

SRM PROJECT SERVICES LTD (REGISTERED NUMBER: 11044853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade creditors 5,605 2,605
Tax 66,168 45,950
VAT 20,050 26,098
91,823 74,653

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/23 31/10/22
value: £    £   
2 Ordinary £1 2 2

8. RESERVES
Retained
earnings
£   

At 1 November 2022 1,683
Profit for the year 84,071
Dividends (85,000 )
At 31 October 2023 754

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31/10/23 31/10/22
£    £   
S Metcalf
Balance outstanding at start of year 43,749 9,230
Amounts advanced 104,697 131,840
Amounts repaid (101,838 ) (97,321 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 46,608 43,749

The above advance was interest free, had no fixed repayment date, was unsecured and fully repaid after the year end.