BrightAccountsProduction v1.0.0 v1.0.0 2023-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company was that of an electrical engineer. 8 October 2024 1 1 NI668519 2024-03-31 NI668519 2023-03-31 NI668519 2022-03-31 NI668519 2023-04-01 2024-03-31 NI668519 2022-04-01 2023-03-31 NI668519 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI668519 uk-curr:PoundSterling 2023-04-01 2024-03-31 NI668519 uk-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI668519 uk-bus:AbridgedAccounts 2023-04-01 2024-03-31 NI668519 uk-core:ShareCapital 2024-03-31 NI668519 uk-core:ShareCapital 2023-03-31 NI668519 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI668519 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI668519 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 NI668519 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 NI668519 uk-bus:FRS102 2023-04-01 2024-03-31 NI668519 uk-core:Goodwill 2023-04-01 2024-03-31 NI668519 uk-core:PlantMachinery 2023-04-01 2024-03-31 NI668519 uk-core:MotorVehicles 2023-04-01 2024-03-31 NI668519 uk-core:Goodwill 2023-03-31 NI668519 uk-core:Goodwill 2024-03-31 NI668519 2023-04-01 2024-03-31 NI668519 uk-bus:Director1 2023-04-01 2024-03-31 NI668519 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI668519
 
 
SMK Control Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 March 2024
SMK Control Ltd
Company Registration Number: NI668519
ABRIDGED BALANCE SHEET
as at 31 March 2024

2024 2023
Notes £ £
 
Fixed Assets
Intangible assets 4 6,000 10,000
Tangible assets 5 7,539 9,209
───────── ─────────
Fixed Assets 13,539 19,209
───────── ─────────
 
Current Assets
Stocks 8,610 997
Debtors 41,781 87,039
Cash and cash equivalents 221,338 90,305
───────── ─────────
271,729 178,341
───────── ─────────
Creditors: amounts falling due within one year (52,675) (40,784)
───────── ─────────
Net Current Assets 219,054 137,557
───────── ─────────
Total Assets less Current Liabilities 232,593 156,766
 
Creditors:
amounts falling due after more than one year (33,785) (35,118)
───────── ─────────
Net Assets 198,808 121,648
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 198,708 121,548
───────── ─────────
Equity attributable to owners of the company 198,808 121,648
═════════ ═════════
 
The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 8 October 2024
           
           
________________________________          
Mr. Stephen McKenna          
Director          
           



SMK Control Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 March 2024

   
1. General Information
 
SMK Control Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI668519. The registered office of the company is 210 Dungannon Road, Killeeshil, Dungannon, Co. Tyrone, BT70 1TH, United Kingdom which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 March 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 5 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 20% Straight line
  Motor vehicles - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 1, (2023 - 1).
 
  2024 2023
  Number Number
 
Administrative 1 1
  ═════════ ═════════
       
4. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 1 April 2023 20,000 20,000
  ───────── ─────────
 
At 31 March 2024 20,000 20,000
  ───────── ─────────
Amortisation
At 1 April 2023 10,000 10,000
Charge for financial year 4,000 4,000
  ───────── ─────────
At 31 March 2024 14,000 14,000
  ───────── ─────────
Net book value
At 31 March 2024 6,000 6,000
  ═════════ ═════════
At 31 March 2023 10,000 10,000
  ═════════ ═════════
         
5. Tangible assets
  Plant and Motor Total
  machinery vehicles  
       
  £ £ £
Cost
At 1 April 2023 2,317 10,500 12,817
Additions 667 - 667
Disposals (1,717) - (1,717)
  ───────── ───────── ─────────
At 31 March 2024 1,267 10,500 11,767
  ───────── ───────── ─────────
Depreciation
At 1 April 2023 1,158 2,450 3,608
Charge for the financial year 253 1,225 1,478
On disposals (858) - (858)
  ───────── ───────── ─────────
At 31 March 2024 553 3,675 4,228
  ───────── ───────── ─────────
Net book value
At 31 March 2024 714 6,825 7,539
  ═════════ ═════════ ═════════
At 31 March 2023 1,159 8,050 9,209
  ═════════ ═════════ ═════════
       
6. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 March 2024.
   
7. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.
       
8. Changes in Equity
 
The changes in equity during the financial year after the prior financial year adjustment are the remeasurement of the assets and liabilities in the defined benefit pension scheme for staff, the establishment of a cash flow hedge, a gain on the hedging instrument in respect of the net assets of foreign operations, the dividends paid in respect of the equity share capital and a further issue of equity shares.