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REGISTERED NUMBER: NI652303 (Northern Ireland)















Financial Statements for the Year Ended 30 April 2024

for

SFMCE Limited

SFMCE Limited (Registered number: NI652303)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SFMCE Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: S Flanagan





REGISTERED OFFICE: Thistlebank House
2 Old Henry Street
Enniskillen
Co. Fermanagh
BT74 7JX





REGISTERED NUMBER: NI652303 (Northern Ireland)





ACCOUNTANTS: Dundas Gallagher
Chartered Accountants and Statutory Auditors
Thistlebank House
2 Old Henry Street
Enniskillen
Co. Fermanagh
BT74 7JX

SFMCE Limited (Registered number: NI652303)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 468,324 240,862

CURRENT ASSETS
Debtors 5 155,485 683,940
Cash at bank 467,263 86,561
622,748 770,501
CREDITORS
Amounts falling due within one year 6 222,162 533,634
NET CURRENT ASSETS 400,586 236,867
TOTAL ASSETS LESS CURRENT
LIABILITIES

868,910

477,729

CREDITORS
Amounts falling due after more than one year 7 (10,834 ) (20,834 )

PROVISIONS FOR LIABILITIES (117,081 ) (46,920 )
NET ASSETS 740,995 409,975

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 740,895 409,875
740,995 409,975

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 January 2025 and were signed by:





S Flanagan - Director


SFMCE Limited (Registered number: NI652303)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

SFMCE Limited is a private company, limited by shares , registered in Northern Ireland. 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
Tangible fixed assets are originally stated at cost (or deemed cost) and subsequently carried at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter:


Plant and machinery-10% straight line
Motor vehicles-10% straight line
Computer equipment-20% straight line
Office equipment-20% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 12 (2023 - 12 ) .

SFMCE Limited (Registered number: NI652303)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 355,908
Additions 277,796
At 30 April 2024 633,704
DEPRECIATION
At 1 May 2023 115,046
Charge for year 50,334
At 30 April 2024 165,380
NET BOOK VALUE
At 30 April 2024 468,324
At 30 April 2023 240,862

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 412,988 564,422
Other debtors (257,503 ) 119,518
155,485 683,940

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 11,338
Hire purchase contracts 2,596 -
Trade creditors 113,839 86,262
Taxation and social security 79,242 58,527
Other creditors 16,485 377,507
222,162 533,634

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 10,834 20,834