Registered Number:SC511702 |
For the year ended 31 March 2024
Scotland
Unaudited Financial Statements
SM Machine Repairs Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
5,745
6,743
2
5,745
6,743
Trade and other receivables |
17,462
18,603
3
30,979
Cash and cash equivalents |
29,689
48,292
48,441
Trade and other payables: amounts falling due within one |
year |
(13,735)
(13,971)
4
34,706
34,321
Net current assets
Total assets less current liabilities |
40,066
41,449
40,066
Net assets
41,449
100
100
39,966
41,349
40,066
41,449
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 07 September 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2024
SM Machine Repairs Ltd
Notes to the Financial Statements
Statutory Information
SM Machine Repairs Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number |
SC511702. |
416 Glasgow Road
Paisley
PA1 3BE
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Motor vehicles
2. Property, plant and equipment |
Motor vehicles
13,608
12,711
897
439
-
439
1,336
12,711
14,047
Provision for depreciation and impairment |
6,865
6,203
662
Charge for year
1,437
1,302
135
8,302
7,505
797
539
5,206
5,745
235
6,508
6,743
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For the year ended 31 March 2024
SM Machine Repairs Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables |
2023
2024
18,603
17,462
4. Trade and other payables: amounts falling due within one year |
2023
2024
1,774
-
Taxation and social security |
9,999
12,005
2,198
1,730
13,971
13,735
5. Average number of persons employed |
During the year the average number of employees was 1 (2023 : 1)
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