Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 01503673 Mrs Denise McEwen Mr Stephen McEwen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01503673 2022-12-31 01503673 2023-12-31 01503673 2023-01-01 2023-12-31 01503673 frs-core:CurrentFinancialInstruments 2023-12-31 01503673 frs-core:FurnitureFittings 2023-12-31 01503673 frs-core:FurnitureFittings 2023-01-01 2023-12-31 01503673 frs-core:FurnitureFittings 2022-12-31 01503673 frs-core:MotorVehicles 2023-12-31 01503673 frs-core:MotorVehicles 2023-01-01 2023-12-31 01503673 frs-core:MotorVehicles 2022-12-31 01503673 frs-core:PlantMachinery 2023-12-31 01503673 frs-core:PlantMachinery 2023-01-01 2023-12-31 01503673 frs-core:PlantMachinery 2022-12-31 01503673 frs-core:ShareCapital 2023-12-31 01503673 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 01503673 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01503673 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 01503673 frs-bus:SmallEntities 2023-01-01 2023-12-31 01503673 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01503673 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01503673 frs-bus:Director1 2023-01-01 2023-12-31 01503673 frs-bus:Director2 2023-01-01 2023-12-31 01503673 frs-countries:EnglandWales 2023-01-01 2023-12-31 01503673 2021-12-31 01503673 2022-12-31 01503673 2022-01-01 2022-12-31 01503673 frs-core:CurrentFinancialInstruments 2022-12-31 01503673 frs-core:ShareCapital 2022-12-31 01503673 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 01503673
S. & M. Metals Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Chandlers Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 01503673
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,875 2,321
2,875 2,321
CURRENT ASSETS
Debtors 5 2,890 2,304
Cash at bank and in hand 5,812 9,136
8,702 11,440
Creditors: Amounts Falling Due Within One Year 6 (4,169 ) (4,549 )
NET CURRENT ASSETS (LIABILITIES) 4,533 6,891
TOTAL ASSETS LESS CURRENT LIABILITIES 7,408 9,212
NET ASSETS 7,408 9,212
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 7,308 9,112
SHAREHOLDERS' FUNDS 7,408 9,212
Page 1
Page 2
For the year ending 31 December 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Stephen McEwen
Director
28/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
S. & M. Metals Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01503673 . The registered office is Treworthal, Meadowbank Road, Falmouth, Cornwall, TR11 2ND.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20-50% on a reducing basis
Motor Vehicles 20% on a reducing basis
Fixtures & Fittings 20% on a reducing basis
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 27,689 19,300 6,598 53,587
Additions - - 1,400 1,400
Disposals (7,143 ) - (2,381 ) (9,524 )
As at 31 December 2023 20,546 19,300 5,617 45,463
Depreciation
As at 1 January 2023 25,613 19,263 6,390 51,266
Provided during the period 388 8 237 633
Disposals (7,007 ) - (2,304 ) (9,311 )
As at 31 December 2023 18,994 19,271 4,323 42,588
Net Book Value
As at 31 December 2023 1,552 29 1,294 2,875
As at 1 January 2023 2,076 37 208 2,321
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5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 2,890 2,304
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors (1 ) (1 )
Accruals and deferred income 838 2,585
Directors' loan accounts 3,332 1,965
4,169 4,549
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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