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REGISTERED NUMBER: 02690786 (England and Wales)















REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

S. M. M. SERVICES LIMITED

S. M. M. SERVICES LIMITED (Registered number: 02690786)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


S. M. M. SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2023







DIRECTOR: S.W. May



SECRETARY: Mrs S. B. May



REGISTERED OFFICE: 20, Solway Road,
East Dulwich,
London
SE22 9BG



REGISTERED NUMBER: 02690786 (England and Wales)



ACCOUNTANTS: Bennett & Co
The Annexe
Minerva House
Bordyke
Tonbridge
Kent
TN9 1NR



BANKERS: HSBC Bank PLC

S. M. M. SERVICES LIMITED (Registered number: 02690786)

REPORT OF THE DIRECTOR
for the Year Ended 31 DECEMBER 2023

The director presents his report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITIES
The principal activities of the company in the year under review were those of Heating, Ventilating and Air Conditioning Contractors.

DIVIDENDS
Interim dividends per share were paid as follows:
£23.33 - 1 April 2023
£23.34 - 30 November 2023
£46.67

The director recommends that no final dividend be paid.

The total distribution of dividends for the year ended 31 December 2023 will be £ 14,000 .

DIRECTOR
S.W. May held office during the whole of the period from 1 January 2023 to the date of this report.

ON BEHALF OF THE BOARD:





Mrs S. B. May - Secretary


24 September 2024

S. M. M. SERVICES LIMITED (Registered number: 02690786)

INCOME STATEMENT
for the Year Ended 31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   

TURNOVER 299,438 299,458

Cost of sales 161,831 148,095
GROSS PROFIT 137,607 151,363

Administrative expenses 136,503 128,724
OPERATING PROFIT 4 1,104 22,639

Interest receivable and similar income - 178
PROFIT BEFORE TAXATION 1,104 22,817

Tax on profit 5 622 4,666
PROFIT FOR THE FINANCIAL YEAR 482 18,151

S. M. M. SERVICES LIMITED (Registered number: 02690786)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 45,300 41,500

CURRENT ASSETS
Stocks 8 32,500 7,500
Debtors 9 46,256 64,052
Cash at bank and in hand 272,802 333,404
351,558 404,956
CREDITORS
Amounts falling due within one year 10 83,390 119,470
NET CURRENT ASSETS 268,168 285,486
TOTAL ASSETS LESS CURRENT
LIABILITIES

313,468

326,986

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 313,368 326,886
SHAREHOLDERS' FUNDS 313,468 326,986

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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

The financial statements were approved by the director and authorised for issue on 24 September 2024 and were signed by:





S.W. May - Director


S. M. M. SERVICES LIMITED (Registered number: 02690786)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

S. M. M. SERVICES 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & Machinery - 20% on reducing balance
Office Equipment - 15% 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.

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.

3. EMPLOYEES AND DIRECTORS
31.12.23 31.12.22
£    £   
Wages and salaries 101,334 100,475
Social security costs 4,269 4,472
105,603 104,947

S. M. M. SERVICES LIMITED (Registered number: 02690786)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
31.12.23 31.12.22

Site Maintenance Operatives 2 2
Office Administration 2 2
4 4

31.12.23 31.12.22
£    £   
Director's remuneration 34,800 34,800

4. OPERATING PROFIT

The operating profit is stated after charging:

31.12.23 31.12.22
£    £   
Depreciation - owned assets 7,785 7,597

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.12.23 31.12.22
£    £   
Current tax:
UK corporation tax 20 4,500
Adjustment in respect of previous year 602 166

Tax on profit 622 4,666

UK corporation tax has been charged at 19% (2022 - 19%).

6. DIVIDENDS
31.12.23 31.12.22
£    £   
Ordinary Shares shares of £1 each
Interim 14,000 10,000

S. M. M. SERVICES LIMITED (Registered number: 02690786)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

7. TANGIBLE FIXED ASSETS
Plant & Office Motor
Machinery Equipment Vehicles Totals
£    £    £    £   
COST
At 1 January 2023 32,355 48,647 34,436 115,438
Additions - - 11,585 11,585
Disposals - - (3,916 ) (3,916 )
At 31 December 2023 32,355 48,647 42,105 123,107
DEPRECIATION
At 1 January 2023 23,355 33,647 16,936 73,938
Charge for year 1,000 2,000 4,785 7,785
Eliminated on disposal - - (3,916 ) (3,916 )
At 31 December 2023 24,355 35,647 17,805 77,807
NET BOOK VALUE
At 31 December 2023 8,000 13,000 24,300 45,300
At 31 December 2022 9,000 15,000 17,500 41,500

8. STOCKS
31.12.23 31.12.22
£    £   
Work in Progress 32,500 7,500

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 29,201 58,512
Value Added Tax 11,005 -
Prepayments 6,050 5,540
46,256 64,052

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 62,143 49,739
Corporation Tax 20 14,163
PAYE and Social Security 5,409 5,352
Value Added Tax - 1,750
Directors' current accounts 11,318 39,466
Accrued expenses 4,500 9,000
83,390 119,470

S. M. M. SERVICES LIMITED (Registered number: 02690786)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
300 Ordinary Shares £1 100 100

12. RESERVES
Retained
earnings
£   

At 1 January 2023 326,886
Profit for the year 482
Dividends (14,000 )
At 31 December 2023 313,368