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Company Registration No. 11502411 (England and Wales)
SM WELDING AND FABRICATION LTD Filleted Accounts for the year ended 31 August 2024
SM WELDING AND FABRICATION LTD Filleted Accounts Contents
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SM WELDING AND FABRICATION LTD Company Information for the year ended 31 August 2024
Director
Saulius Miltenis
Company Number
11502411 (England and Wales)
Registered Office
3 WOODSIDE INDUSTRIAL ESTATE WORKS ROAD LETCHWORTH GARDEN CITY SG6 1LA ENGLAND
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SM WELDING AND FABRICATION LTD Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,850 
24,822 
Current assets
Debtors
276,736 
114,561 
Cash at bank and in hand
48,261 
235,984 
324,997 
350,545 
Creditors: amounts falling due within one year
(157,785)
(132,737)
Net current assets
167,212 
217,808 
Net assets
187,062 
242,630 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
187,061 
242,629 
Shareholders' funds
187,062 
242,630 
For the year ending 31 August 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 director acknowledges his 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 and authorised for issue on 22 October 2024 and were signed on its behalf by
Saulius Miltenis Director Company Registration No. 11502411
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SM WELDING AND FABRICATION LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
SM WELDING AND FABRICATION LTD is a private company, limited by shares, registered in England and Wales, registration number 11502411. The registered office is 3 WOODSIDE INDUSTRIAL ESTATE, WORKS ROAD, LETCHWORTH GARDEN CITY, SG6 1LA, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
- 
37,705 
37,705 
Additions
3,211 
- 
3,211 
At 31 August 2024
3,211 
37,705 
40,916 
Depreciation
At 1 September 2023
- 
12,883 
12,883 
Charge for the year
642 
7,541 
8,183 
At 31 August 2024
642 
20,424 
21,066 
Net book value
At 31 August 2024
2,569 
17,281 
19,850 
At 31 August 2023
- 
24,822 
24,822 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
275,806 
114,285 
Other debtors
930 
276 
276,736 
114,561 
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SM WELDING AND FABRICATION LTD Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
28,825 
5,285 
Taxes and social security
2,675 
20,931 
Other creditors
2,757 
1,613 
Loans from directors
123,528 
104,908 
157,785 
132,737 
7
Average number of employees
During the year the average number of employees was 9 (2023: 6).
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