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REGISTERED NUMBER: SC148360 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

SMAIL ENGINEERS (GLASGOW) LIMITED

SMAIL ENGINEERS (GLASGOW) LIMITED (REGISTERED NUMBER: SC148360)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


SMAIL ENGINEERS (GLASGOW) LIMITED (REGISTERED NUMBER: SC148360)

ABRIDGED BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 60,853 48,280

CURRENT ASSETS
Stocks 3,799 3,799
Debtors 273,749 170,196
Cash at bank and in hand 309,357 323,954
586,905 497,949
CREDITORS
Amounts falling due within one year 254,958 239,614
NET CURRENT ASSETS 331,947 258,335
TOTAL ASSETS LESS CURRENT
LIABILITIES

392,800

306,615

CREDITORS
Amounts falling due after more than one
year

28,241

26,862
NET ASSETS 364,559 279,753

CAPITAL AND RESERVES
Called up share capital 40,000 40,000
Retained earnings 324,559 239,753
SHAREHOLDERS' FUNDS 364,559 279,753

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

SMAIL ENGINEERS (GLASGOW) LIMITED (REGISTERED NUMBER: SC148360)

ABRIDGED BALANCE SHEET - continued
31 May 2024



The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





Mrs J E Scott - Director


SMAIL ENGINEERS (GLASGOW) LIMITED (REGISTERED NUMBER: SC148360)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Smail Engineers (Glasgow) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC148360

Registered office: 30 Napier Road
Hillington Industrial Estate
Glasgow
G52 4DR

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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SMAIL ENGINEERS (GLASGOW) LIMITED (REGISTERED NUMBER: SC148360)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 101,614
Additions 32,408
Disposals (13,919 )
At 31 May 2024 120,103
DEPRECIATION
At 1 June 2023 53,334
Charge for year 15,237
Eliminated on disposal (9,321 )
At 31 May 2024 59,250
NET BOOK VALUE
At 31 May 2024 60,853
At 31 May 2023 48,280

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 June 2023 47,391
Additions 28,180
Disposals (13,919 )
At 31 May 2024 61,652
DEPRECIATION
At 1 June 2023 23,180
Charge for year 8,428
Eliminated on disposal (9,321 )
At 31 May 2024 22,287
NET BOOK VALUE
At 31 May 2024 39,365
At 31 May 2023 24,211

5. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £8,660 (2023: £7,696). At the balance sheet date, unpaid contributions of £931 (2022: £102) were due to the fund. They are included in creditors.

SMAIL ENGINEERS (GLASGOW) LIMITED (REGISTERED NUMBER: SC148360)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs A Fletcher.