Company Registration No. 09981456 (England and Wales)
SM Lift Services Ltd
Unaudited accounts
for the year ended 29 February 2024
SM Lift Services Ltd
Unaudited accounts
Contents
SM Lift Services Ltd
Company Information
for the year ended 29 February 2024
Directors
S Fall
L Kempson
Company Number
09981456 (England and Wales)
Registered Office
31 Hazeloak Road
Shirley
Solihull
West Midlands
B90 2AY
Accountants
R M Accountancy Services Ltd
The Old Post Office
137-139 Long Street
Dordon
Staffordshire
B78 1SH
SM Lift Services Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
1,676
2,135
Cash at bank and in hand
14,817
21,178
Creditors: amounts falling due within one year
(4,902)
12,130
Net current assets
44,053
65,550
Total assets less current liabilities
45,729
67,685
Creditors: amounts falling due after more than one year
(38,833)
(49,290)
Called up share capital
2
2
Profit and loss account
6,894
18,393
Shareholders' funds
6,896
18,395
For the year ending 29 February 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by
S Fall
Director
Company Registration No. 09981456
SM Lift Services Ltd
Notes to the Accounts
for the year ended 29 February 2024
SM Lift Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 09981456. The registered office is 31 Hazeloak Road, Shirley, Solihull, West Midlands, B90 2AY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2023
1,509
8,000
9,509
At 29 February 2024
1,509
8,000
9,509
At 1 March 2023
872
6,502
7,374
Charge for the year
159
300
459
At 29 February 2024
1,031
6,802
7,833
At 29 February 2024
478
1,198
1,676
At 28 February 2023
637
1,498
2,135
SM Lift Services Ltd
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Other debtors
34,138
32,242
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,250
-
Taxes and social security
11,970
12,247
Loans from directors
(25,436)
(30,518)
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).