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REGISTERED NUMBER: 07142427 (England and Wales)















SOUTH MANCHESTER MAINTENANCE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2024






SOUTH MANCHESTER MAINTENANCE LTD (REGISTERED NUMBER: 07142427)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOUTH MANCHESTER MAINTENANCE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2024







DIRECTORS: Mrs R J Cuthbert
Ms C L Cuthbert





REGISTERED OFFICE: Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD





REGISTERED NUMBER: 07142427 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

SOUTH MANCHESTER MAINTENANCE LTD (REGISTERED NUMBER: 07142427)

BALANCE SHEET
28 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,466 68,587

CURRENT ASSETS
Stocks 4,729 4,267
Debtors 5 37,142 86,489
Cash at bank and in hand 60,123 15,204
101,994 105,960
CREDITORS
Amounts falling due within one year 6 15,836 38,001
NET CURRENT ASSETS 86,158 67,959
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,624

136,546

PROVISIONS FOR LIABILITIES 7 8,792 6,112
NET ASSETS 128,832 130,434

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 128,829 130,431
SHAREHOLDERS' FUNDS 128,832 130,434

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

SOUTH MANCHESTER MAINTENANCE LTD (REGISTERED NUMBER: 07142427)

BALANCE SHEET - continued
28 FEBRUARY 2024


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 12 September 2024 and were signed on its behalf by:





Mrs R J Cuthbert - Director


SOUTH MANCHESTER MAINTENANCE LTD (REGISTERED NUMBER: 07142427)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024


1. STATUTORY INFORMATION

South Manchester Maintenance Ltd 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.

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 - 10% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

SOUTH MANCHESTER MAINTENANCE LTD (REGISTERED NUMBER: 07142427)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2023 2,936 12,375 72,754 88,065
Additions - 477 - 477
At 28 February 2024 2,936 12,852 72,754 88,542
DEPRECIATION
At 1 March 2023 1,965 1,201 16,312 19,478
Charge for year 294 3,193 14,111 17,598
At 28 February 2024 2,259 4,394 30,423 37,076
NET BOOK VALUE
At 28 February 2024 677 8,458 42,331 51,466
At 28 February 2023 971 11,174 56,442 68,587

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 33,531 81,465
Other debtors - 3,150
Prepayments 3,611 1,874
37,142 86,489

SOUTH MANCHESTER MAINTENANCE LTD (REGISTERED NUMBER: 07142427)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,075 7,379
Amounts owed to group undertakings - 14,957
Corporation tax 15 -
Social security and other taxes 1,727 1,865
VAT 6,921 11,665
Other creditors 498 -
Accrued expenses 1,600 2,135
15,836 38,001

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 12,867 13,032
Tax losses carried forward (4,075 ) (6,920 )
8,792 6,112

Deferred
tax
£   
Balance at 1 March 2023 6,112
Charge to Statement of Income and Retained Earnings during year 2,680
Balance at 28 February 2024 8,792

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3 Ordinary 1 3 3

9. ULTIMATE CONTROLLING PARTY

The company is under the joint control of the directors R J Cuthbert and C L Cuthbert