2023-04-01 SC511702 2024-03-31 SC511702 2023-04-01 2024-03-31 SC511702 2023-03-31 SC511702 2022-04-01 2023-03-31 SC511702 uk-core:WithinOneYear 2023-03-31 SC511702 uk-core:WithinOneYear 2024-03-31 SC511702 uk-core:ShareCapital 2024-03-31 SC511702 uk-core:ShareCapital 2023-03-31 SC511702 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC511702 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 SC511702 uk-bus:Director1 2023-04-01 2024-03-31 SC511702 uk-core:PlantMachinery 2023-04-01 2024-03-31 SC511702 uk-core:CommercialMotorVehicles 2023-04-01 2024-03-31 SC511702 uk-core:CommercialMotorVehicles 2023-03-31 SC511702 uk-core:PlantMachinery 2023-03-31 SC511702 uk-core:PlantMachinery 2024-03-31 SC511702 uk-core:CommercialMotorVehicles 2024-03-31 iso4217:GBP xbrli:pure SC511702 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC511702 uk-bus:FRS102 2023-04-01 2024-03-31 SC511702 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 SC511702 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
SM Machine Repairs Ltd
Registered Number:SC511702
For the year ended 31 March 2024
Scotland
Unaudited Financial Statements
2
Registered Number :
SC511702
As at 31 March 2024
SM Machine Repairs Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
5,745
6,743
2
5,745
6,743
Current assets
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
Capital and reserves
Called up share capital
100
100
Retained earnings
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.
Simon Murray Director
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.
Registered address:
416 Glasgow Road
Paisley
PA1 3BE
The presentation currency is £ sterling.
1. Accounting policies
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
20 Reducing balance
20 Reducing balance
Motor vehicles
2. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
£
£
£
Cost or
valuation
At 01 April 2023
13,608
12,711
897
439
-
439
Additions
At 31 March 2024
1,336
12,711
14,047
Provision for depreciation and impairment
At 01 April 2023
6,865
6,203
662
Charge for year
1,437
1,302
135
At 31 March 2024
8,302
7,505
797
At 31 March 2024
Net book value
539
5,206
5,745
At 31 March 2023
235
6,508
6,743
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4
For the year ended 31 March 2024
SM Machine Repairs Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Trade debtors
18,603
17,462
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
1,774
-
Taxation and social security
9,999
12,005
Other creditors
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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