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Registered number: 05538188
Sd Maintenance Services Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05538188
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 171,276 244,548
Investments 5 2,501 2,501
173,777 247,049
CURRENT ASSETS
Stocks 6 142,000 175,267
Debtors 7 397,993 283,768
Cash at bank and in hand 40,339 92,099
580,332 551,134
Creditors: Amounts Falling Due Within One Year 8 (370,241 ) (264,433 )
NET CURRENT ASSETS (LIABILITIES) 210,091 286,701
TOTAL ASSETS LESS CURRENT LIABILITIES 383,868 533,750
Creditors: Amounts Falling Due After More Than One Year 9 (192,755 ) (299,472 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (30,814 ) (26,985 )
NET ASSETS 160,299 207,293
CAPITAL AND RESERVES
Called up share capital 11 30 30
Revaluation reserve 12 91,433 91,433
Capital redemption reserve 60 60
Profit and Loss Account 68,776 115,770
SHAREHOLDERS' FUNDS 160,299 207,293
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Page 2
For the year ending 31 October 2023 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J E Turner
Director
30/10/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sd Maintenance Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05538188 . The registered office is 45 Caerleon Road, Newport, NP19 7BW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 33% Straight line
The directors revalued all assets held in Plant and Machinery as at 31 October 2021 to reflect the fair value of the assets.

The directors revalued all assets held in Motor Vehicles as at 31 October 2021 to reflect the fair value of the assets.
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2022: 22)
20 22
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 1 November 2022 60,365 385,840 23,108 62,269 531,582
Additions - - - 4,107 4,107
Disposals - (30,652 ) - - (30,652 )
As at 31 October 2023 60,365 355,188 23,108 66,376 505,037
Depreciation
As at 1 November 2022 32,174 185,133 17,016 52,711 287,034
Provided during the period 7,047 47,435 1,523 7,663 63,668
Disposals - (16,941 ) - - (16,941 )
As at 31 October 2023 39,221 215,627 18,539 60,374 333,761
Net Book Value
As at 31 October 2023 21,144 139,561 4,569 6,002 171,276
As at 1 November 2022 28,191 200,707 6,092 9,558 244,548
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5. Investments
Unlisted
£
Cost
As at 1 November 2022 2,501
As at 31 October 2023 2,501
Provision
As at 1 November 2022 -
As at 31 October 2023 -
Net Book Value
As at 31 October 2023 2,501
As at 1 November 2022 2,501
6. Stocks
2023 2022
£ £
Stock 142,000 175,267
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 60,045 86,193
Amounts owed by group undertakings 19,105 17,805
Other debtors 318,843 179,770
397,993 283,768
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 24,985 19,164
Trade creditors 124,537 119,755
Bank loans and overdrafts 81,732 77,412
Other creditors 39,962 32,786
Taxation and social security 99,025 15,316
370,241 264,433
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 24,985
Bank loans 192,755 274,487
192,755 299,472
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10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 24,985 19,164
Later than one year and not later than five years - 24,985
24,985 44,149
24,985 44,149
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 30 30
12. Reserves
Revaluation Reserve
£
As at 1 November 2022 91,433
As at 31 October 2023 91,433
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