Registered Number:04406453 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2024
Smb Plating Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Smb Plating Limited
Statement of Financial Position
2023
2024
15,838
31,676
2
Property, plant and equipment |
534,468
466,893
3
550,306
498,569
26,438
25,444
4
Trade and other receivables |
615,302
536,767
5
257,756
Cash and cash equivalents |
226,643
788,854
899,496
Trade and other payables: amounts falling due within one |
year |
(224,517)
(141,948)
6
674,979
646,906
Net current assets
Total assets less current liabilities |
1,197,212
1,173,548
Trade and other payables: amounts falling due after more |
than one year |
(378,234)
(434,800)
7
762,412
Net assets
795,314
3,000
3,000
759,412
792,314
762,412
795,314
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 March 2024
Smb Plating Limited
Statement of Financial Position Continued
Mr James Bartholomew Gallagher Director |
These financial statements were approved and authorised for issue by the Board on 27 December 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2024
Smb Plating Limited
Notes to the Financial Statements
Statutory Information
Smb Plating Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 04406453. |
Castle Malwood
Minstead
Lyndhurst
Hampshire
SO43 7PE
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of 20 years. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Motor Vehicles
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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For the year ended 31 March 2024
Smb Plating Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
316,756
316,756
285,080
15,838
Charge for year
300,918
15,838
31,676
3. Property, plant and equipment |
Motor Vehicles
663,922
7,261
84,877
297,878
273,906
84,731
-
37,288
47,443
-
345,321
122,165
7,261
748,653
273,906
Provision for depreciation and impairment |
197,029
6,862
55,319
134,848
-
Charge for year
17,156
100
7,389
9,667
-
214,185
6,962
62,708
144,515
-
273,906
200,806
59,457
299
534,468
273,906
163,030
29,558
399
466,893
2023
2024
25,444
26,438
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For the year ended 31 March 2024
Smb Plating Limited
Notes to the Financial Statements Continued
5. Trade and other receivables |
2023
2024
224,160
382,904
312,607
232,398
615,302
536,767
6. Trade and other payables: amounts falling due within one year |
2023
2024
21,415
34,741
Taxation and social security |
101,049
111,710
19,484
78,066
141,948
224,517
7. Trade and other payables: amounts falling due after more than one year |
2023
2024
21,962
31,962
Bank loans and overdraft (secured) |
412,838
346,272
434,800
378,234
8. Average number of persons employed |
During the year the average number of employees was 29 (2023 : 29)
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