SMET BUILDING PRODUCTS LIMITED

Company Registration Number:
07193159 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

SMET BUILDING PRODUCTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

SMET BUILDING PRODUCTS LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 79,862 79,862
Tangible assets: 4 470,358 558,487
Total fixed assets: 550,220 638,349
Current assets
Stocks: 84,828 34,745
Debtors:   310,586 392,045
Cash at bank and in hand: 47,958 27,898
Total current assets: 443,372 454,688
Creditors: amounts falling due within one year:   (711,847) (681,579)
Net current assets (liabilities): (268,475) (226,891)
Total assets less current liabilities: 281,745 411,458
Creditors: amounts falling due after more than one year:   (143,750) (259,101)
Provision for liabilities: (72,840) (91,761)
Total net assets (liabilities): 65,155 60,596
Capital and reserves
Called up share capital: 4 4
Profit and loss account: 65,151 60,592
Shareholders funds: 65,155 60,596

The notes form part of these financial statements

SMET BUILDING PRODUCTS LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 July 2024
and signed on behalf of the board by:

Name: Joris Smet
Status: Director

The notes form part of these financial statements

SMET BUILDING PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows: Plant and machinery - 20% reducing balance Fixtures, fittings and equipment - 20% reducing balance Motor Vehicles - 20% reducing balance The carrying value of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

SMET BUILDING PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 7 7

SMET BUILDING PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Intangible Assets

Total
Cost £
At 01 April 2023 79,862
At 31 March 2024 79,862
Net book value
At 31 March 2024 79,862
At 31 March 2023 79,862

SMET BUILDING PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible Assets

Total
Cost £
At 01 April 2023 1,227,784
Additions 29,123
Disposals (59,004)
At 31 March 2024 1,197,903
Depreciation
At 01 April 2023 669,297
Charge for year 95,581
On disposals (37,333)
At 31 March 2024 727,545
Net book value
At 31 March 2024 470,358
At 31 March 2023 558,487