2023-04-01 04406453 2024-03-31 04406453 2023-04-01 2024-03-31 04406453 2023-03-31 04406453 2022-04-01 2023-03-31 04406453 uk-core:WithinOneYear 2023-03-31 04406453 uk-core:WithinOneYear 2024-03-31 04406453 uk-core:AfterOneYear 2023-03-31 04406453 uk-core:AfterOneYear 2024-03-31 04406453 uk-core:ShareCapital 2024-03-31 04406453 uk-core:ShareCapital 2023-03-31 04406453 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 04406453 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 04406453 uk-bus:Director1 2023-04-01 2024-03-31 04406453 uk-core:NetGoodwill 2023-04-01 2024-03-31 04406453 uk-core:PlantMachinery 2023-04-01 2024-03-31 04406453 uk-core:ComputerEquipment 2023-04-01 2024-03-31 04406453 uk-core:CommercialMotorVehicles 2023-04-01 2024-03-31 04406453 uk-core:Goodwill 2023-03-31 04406453 uk-core:Goodwill 2024-03-31 04406453 uk-core:Goodwill 2023-04-01 2024-03-31 04406453 uk-core:ComputerEquipment 2023-03-31 04406453 uk-core:CommercialMotorVehicles 2023-03-31 04406453 uk-core:PlantMachinery 2023-03-31 04406453 uk-core:Buildings 2023-03-31 04406453 uk-core:Buildings 2023-04-01 2024-03-31 04406453 uk-core:PlantMachinery 2024-03-31 04406453 uk-core:CommercialMotorVehicles 2024-03-31 04406453 uk-core:ComputerEquipment 2024-03-31 04406453 uk-core:Buildings 2024-03-31 04406453 uk-core:AfterOneYear uk-core:Secured 2024-03-31 04406453 uk-core:AfterOneYear uk-core:Secured 2023-03-31 iso4217:GBP xbrli:pure 04406453 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04406453 uk-bus:FRS102 2023-04-01 2024-03-31 04406453 uk-bus:FullAccounts 2023-04-01 2024-03-31 04406453 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Smb Plating Limited
Registered Number:04406453
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
04406453
As at 31 March 2024
Smb Plating Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
15,838
31,676
2
Property, plant and equipment
534,468
466,893
3
550,306
498,569
Current assets
Inventories
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
Capital and reserves
Called up share capital
3,000
3,000
Retained earnings
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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4
Registered Number :
04406453
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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5
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.
Registered address:
Castle Malwood
Minstead
Lyndhurst
Hampshire
SO43 7PE
The presentation currency is £ sterling.
1. Accounting policies
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
25 Reducing balance
25 Reducing balance
Computer Equipment
25 Reducing balance
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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6
For the year ended 31 March 2024
Smb Plating Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2023
316,756
At 31 March 2024
316,756
Amortisation
At 01 April 2023
285,080
15,838
Charge for year
At 31 March 2024
300,918
Net book value
At 31 March 2024
15,838
At 31 March 2023
31,676
3. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
Cost or
valuation
At 01 April 2023
663,922
7,261
84,877
297,878
273,906
84,731
-
37,288
47,443
-
Additions
At 31 March 2024
345,321
122,165
7,261
748,653
273,906
Provision for depreciation and impairment
At 01 April 2023
197,029
6,862
55,319
134,848
-
Charge for year
17,156
100
7,389
9,667
-
At 31 March 2024
214,185
6,962
62,708
144,515
-
At 31 March 2024
Net book value
273,906
200,806
59,457
299
534,468
At 31 March 2023
273,906
163,030
29,558
399
466,893
4. Inventories
2023
2024
£
£
Stocks
25,444
26,438
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7
For the year ended 31 March 2024
Smb Plating Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
224,160
382,904
Other debtors
312,607
232,398
615,302
536,767
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
21,415
34,741
Taxation and social security
101,049
111,710
Other creditors
19,484
78,066
141,948
224,517
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
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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