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REGISTERED NUMBER: 03513528 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SCHMITZ CABLING LIMITED

SCHMITZ CABLING LIMITED (REGISTERED NUMBER: 03513528)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SCHMITZ CABLING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr R M Schmitz
Mr M R Schmitz
Mrs C S Schmitz





SECRETARY: Mrs D M Schmitz





REGISTERED OFFICE: 5 Newton Road
Wollaston
Wellingborough
Northamptonshire
NN29 7QN





REGISTERED NUMBER: 03513528 (England and Wales)





ACCOUNTANTS: Cube Partners Limited
Chartered Accountants
5 Giffard Court
Millbrook Close
Northampton
Northamptonshire
NN5 5JF

SCHMITZ CABLING LIMITED (REGISTERED NUMBER: 03513528)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,479 2,529

CURRENT ASSETS
Debtors 5 7,789 22,619
Cash at bank 5,449 2,636
13,238 25,255
CREDITORS
Amounts falling due within one year 6 18,001 21,487
NET CURRENT (LIABILITIES)/ASSETS (4,763 ) 3,768
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,716

6,297

CREDITORS
Amounts falling due after more than one year 7 3,180 5,833
NET ASSETS 536 464

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 436 364
536 464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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 directors acknowledge their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2024 and were signed on its behalf by:





Mrs C S Schmitz - Director


SCHMITZ CABLING LIMITED (REGISTERED NUMBER: 03513528)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Schmitz Cabling 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

SCHMITZ CABLING LIMITED (REGISTERED NUMBER: 03513528)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 5,891 32,622 38,513
Additions - 9,700 9,700
Disposals (5,891 ) (15,622 ) (21,513 )
At 31 March 2024 - 26,700 26,700
DEPRECIATION
At 1 April 2023 5,260 30,724 35,984
Charge for year - 3,919 3,919
Eliminated on disposal (5,260 ) (16,422 ) (21,682 )
At 31 March 2024 - 18,221 18,221
NET BOOK VALUE
At 31 March 2024 - 8,479 8,479
At 31 March 2023 631 1,898 2,529

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,287 13,982
Other debtors 502 8,637
7,789 22,619

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,653 2,588
Trade creditors 1,136 2,315
Taxation and social security 9,538 10,928
Other creditors 4,674 5,656
18,001 21,487

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 3,180 5,833

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company was owed £503 by the directors (2023: £8,636). There are no formal terms of repayment and interest has been charged at the HMRC official rate. The loan was repaid within 9 months of the year end.