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REGISTERED NUMBER: 06864197 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30th November 2023

for

SM Electrical (NW) Limited

SM Electrical (NW) Limited (Registered number: 06864197)






Contents of the Financial Statements
for the year ended 30th November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SM Electrical (NW) Limited

Company Information
for the year ended 30th November 2023







DIRECTOR: Mr S B Mills





REGISTERED OFFICE: Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE





REGISTERED NUMBER: 06864197 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

SM Electrical (NW) Limited (Registered number: 06864197)

Balance Sheet
30th November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 14,430 18,873
14,430 18,873

CURRENT ASSETS
Stocks 5,762 6,758
Debtors 6 217,861 156,847
Cash at bank 12,605 47,930
236,228 211,535
CREDITORS
Amounts falling due within one year 7 124,623 90,621
NET CURRENT ASSETS 111,605 120,914
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,035

139,787

PROVISIONS FOR LIABILITIES 3,320 3,417
NET ASSETS 122,715 136,370

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 122,615 136,270
SHAREHOLDERS' FUNDS 122,715 136,370

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

SM Electrical (NW) Limited (Registered number: 06864197)

Balance Sheet - continued
30th November 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 23rd August 2024 and were signed by:





Mr S B Mills - Director


SM Electrical (NW) Limited (Registered number: 06864197)

Notes to the Financial Statements
for the year ended 30th November 2023

1. STATUTORY INFORMATION

SM Electrical (NW) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, amortised over the its estimated useful life of 5 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance, 15% on reducing balance and Straight line over 10 years

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

SM Electrical (NW) Limited (Registered number: 06864197)

Notes to the Financial Statements - continued
for the year ended 30th November 2023

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st December 2022
and 30th November 2023 9,000
AMORTISATION
At 1st December 2022
and 30th November 2023 9,000
NET BOOK VALUE
At 30th November 2023 -
At 30th November 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st December 2022
and 30th November 2023 33,099
DEPRECIATION
At 1st December 2022 14,226
Charge for year 4,443
At 30th November 2023 18,669
NET BOOK VALUE
At 30th November 2023 14,430
At 30th November 2022 18,873

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 143,174 94,884
Other debtors 74,687 61,963
217,861 156,847

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 121,195 87,343
Other creditors 3,428 3,278
124,623 90,621

SM Electrical (NW) Limited (Registered number: 06864197)

Notes to the Financial Statements - continued
for the year ended 30th November 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th November 2023 and 30th November 2022:

2023 2022
£    £   
Mr S B Mills
Balance outstanding at start of year 60,748 -
Amounts advanced 73,043 60,748
Amounts repaid (60,748 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 73,043 60,748

Interest has been charged on the loan at the official rate.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S B Mills.