SMA Electronics Limited 09009542 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is the provision of design and manufacturing services to the electronics industry. Digita Accounts Production Advanced 6.30.9574.0 true true 09009542 2023-05-01 2024-04-30 09009542 2024-04-30 09009542 core:CurrentFinancialInstruments 2024-04-30 09009542 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 09009542 core:FurnitureFittings 2024-04-30 09009542 core:PlantMachinery 2024-04-30 09009542 bus:SmallEntities 2023-05-01 2024-04-30 09009542 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 09009542 bus:FilletedAccounts 2023-05-01 2024-04-30 09009542 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 09009542 bus:RegisteredOffice 2023-05-01 2024-04-30 09009542 bus:Director1 2023-05-01 2024-04-30 09009542 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09009542 core:FurnitureFittings 2023-05-01 2024-04-30 09009542 core:PlantMachinery 2023-05-01 2024-04-30 09009542 countries:EnglandWales 2023-05-01 2024-04-30 09009542 2023-04-30 09009542 core:FurnitureFittings 2023-04-30 09009542 core:PlantMachinery 2023-04-30 09009542 2022-05-01 2023-04-30 09009542 2023-04-30 09009542 core:CurrentFinancialInstruments 2023-04-30 09009542 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 09009542 core:FurnitureFittings 2023-04-30 09009542 core:PlantMachinery 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 09009542

SMA Electronics Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

SMA Electronics Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

SMA Electronics Limited

(Registration number: 09009542)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

22,614

27,950

Current assets

 

Stocks

5

-

40,500

Debtors

6

51,778

48,421

Cash at bank and in hand

 

2,536

6,113

 

54,314

95,034

Creditors: Amounts falling due within one year

7

(45,509)

(57,515)

Net current assets

 

8,805

37,519

Net assets

 

31,419

65,469

Capital and reserves

 

Called up share capital

100

100

Retained earnings

31,319

65,369

Shareholders' funds

 

31,419

65,469

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 September 2024 and signed on its behalf by:
 

.........................................
C M Amor
Director

 

SMA Electronics Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 18 Prince Henry House Kingsclere Park Industrial Estate
Kingsclere
Newbury
Berkshire
RG20 4SW

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors believe the company has adequate resources to continue in operational existence such that they believe the continued use of the going concern basis to be appropriate.

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced during the year in relation to the design and manufacturing services provided to the electronics industry.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & Fittings

25% Reducing Balance

Plant & Machinery

25% Reducing Balance

 

SMA Electronics Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 May 2023

12,541

74,448

86,989

Additions

-

1,818

1,818

At 30 April 2024

12,541

76,266

88,807

Depreciation

At 1 May 2023

7,932

51,107

59,039

Charge for the year

1,152

6,002

7,154

At 30 April 2024

9,084

57,109

66,193

Carrying amount

At 30 April 2024

3,457

19,157

22,614

At 30 April 2023

4,609

23,341

27,950

 

SMA Electronics Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Stocks

2024
£

2023
£

Other inventories

-

40,500

6

Debtors

Current

2024
£

2023
£

Trade debtors

-

30,271

Other debtors

51,778

18,150

 

51,778

48,421

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

27,842

19,854

Taxation and social security

6,165

24,008

Other creditors

11,502

13,653

45,509

57,515

8

Related party transactions

Other transactions with directors

During the year the directors had loan accounts with the company. As at the balance sheet date the amount owed to the directors was £9,903 (2023: £12,278).