Company Registration No. 05301659 (England and Wales)
SMS Electrical Services Limited
Unaudited accounts
for the year ended 31 May 2024
SMS Electrical Services Limited
Unaudited accounts
Contents
SMS Electrical Services Limited
Company Information
for the year ended 31 May 2024
Directors
Stephen David Roberts
William Phillips
Company Number
05301659 (England and Wales)
Registered Office
1 CARTMEL PRIORY
BEDFORD
BEDFORDSHIRE
MK41 0WE
Accountants
Bidwell Accountancy Limited
103 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
SMS Electrical Services Limited
Statement of financial position
as at 31 May 2024
Tangible assets
19,406
133
Cash at bank and in hand
101,257
88,788
Creditors: amounts falling due within one year
(46,482)
(15,045)
Net current assets
137,015
106,370
Net assets
156,421
106,503
Called up share capital
5
5
Profit and loss account
156,416
106,498
Shareholders' funds
156,421
106,503
For the year ending 31 May 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 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 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 of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by
Stephen David Roberts
Director
Company Registration No. 05301659
SMS Electrical Services Limited
Notes to the Accounts
for the year ended 31 May 2024
SMS Electrical Services Limited is a private company, limited by shares, registered in England and Wales, registration number 05301659. The registered office is 1 CARTMEL PRIORY, BEDFORD, BEDFORDSHIRE, MK41 0WE.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
4,339
12,258
2,513
19,110
Additions
-
19,750
-
19,750
At 31 May 2024
4,339
32,008
2,513
38,860
At 1 June 2023
4,339
12,258
2,380
18,977
Charge for the year
-
411
66
477
At 31 May 2024
4,339
12,669
2,446
19,454
At 31 May 2024
-
19,339
67
19,406
At 31 May 2023
-
-
133
133
Amounts falling due within one year
Trade debtors
82,240
32,626
SMS Electrical Services Limited
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
20,301
6,014
Taxes and social security
15,064
-
Loans from directors
636
-
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).