Registered number
15064419
SMC ELEVATORS LTD
Unaudited Filleted Accounts
30 September 2024
SMC ELEVATORS LTD
Registered number: 15064419
Balance Sheet
as at 30 September 2024
Notes 2024
£
Fixed assets
Tangible assets 3 6,042
Current assets
Debtors 4 17,878
Cash at bank and in hand 34,300
52,178
Creditors: amounts falling due within one year 5 (26,006)
Net current assets 26,172
Total assets less current liabilities 32,214
Creditors: amounts falling due after more than one year 6 (7,875)
Net assets 24,339
Capital and reserves
Called up share capital 1
Profit and loss account 24,338
Shareholder's funds 24,339
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S McKenzie
Director
Approved by the board on 2 January 2025
SMC ELEVATORS LTD
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Motor vehicles
£
Cost
Additions 8,056
At 30 September 2024 8,056
Depreciation
Charge for the year 2,014
At 30 September 2024 2,014
Net book value
At 30 September 2024 6,042
4 Debtors 2024
£
Trade debtors 17,878
5 Creditors: amounts falling due within one year 2024
£
Taxation and social security costs 22,737
Other creditors 3,269
26,006
6 Creditors: amounts falling due after one year 2024
£
Obligations under finance lease and hire purchase contracts 7,875
7 Other information
SMC ELEVATORS LTD is a private company limited by shares and incorporated in England. Its registered office is:
300 St Marys Road
Garston
Liverpool
Merseyside
L19 0NQ
SMC ELEVATORS LTD 15064419 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts April 2024 S McKenzie No description of principal activity 15064419 2023-10-01 2024-09-30 15064419 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 15064419 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 15064419 bus:Director40 2023-10-01 2024-09-30 15064419 1 2023-10-01 2024-09-30 15064419 2 2023-10-01 2024-09-30 15064419 countries:England 2023-10-01 2024-09-30 15064419 bus:FRS102 2023-10-01 2024-09-30 15064419 bus:FilletedAccounts 2023-10-01 2024-09-30 15064419 2024-09-30 15064419 core:WithinOneYear 2024-09-30 15064419 core:AfterOneYear 2024-09-30 15064419 core:ShareCapital 2024-09-30 15064419 core:RetainedEarningsAccumulatedLosses 2024-09-30 15064419 2023-09-30 iso4217:GBP xbrli:pure