Company Registration No. 11626145 (England and Wales)
SMB Steel Erectors Limited
Unaudited accounts
for the year ended 31 October 2023
SMB Steel Erectors Limited
Unaudited accounts
Contents
SMB Steel Erectors Limited
Company Information
for the year ended 31 October 2023
Company Number
11626145 (England and Wales)
Registered Office
44 Links Way
Luton
Bedfordshire
LU2 7HD
SMB Steel Erectors Limited
Statement of financial position
as at 31 October 2023
Tangible assets
31,974
39,966
Cash at bank and in hand
33,887
46,027
Creditors: amounts falling due within one year
(19,418)
(22,023)
Net current assets
111,940
119,093
Net assets
143,914
159,059
Called up share capital
1
1
Profit and loss account
143,913
159,058
Shareholders' funds
143,914
159,059
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 13 June 2024 and were signed on its behalf by
Scott Berry
Director
Company Registration No. 11626145
SMB Steel Erectors Limited
Notes to the Accounts
for the year ended 31 October 2023
SMB Steel Erectors Limited is a private company, limited by shares, registered in England and Wales, registration number 11626145. The registered office is 44 Links Way, Luton, Bedfordshire, LU2 7HD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2022
1,703
58,083
59,786
At 31 October 2023
1,703
58,083
59,786
At 1 November 2022
1,089
18,731
19,820
Charge for the year
122
7,870
7,992
At 31 October 2023
1,211
26,601
27,812
At 31 October 2023
492
31,482
31,974
At 31 October 2022
614
39,352
39,966
SMB Steel Erectors Limited
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Other debtors
11,652
8,824
Amounts falling due after more than one year
Other debtors
77,000
77,000
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
554
3,181
Taxes and social security
18,864
18,842
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).