Company registration number 11855285 (England and Wales)
S.E.M. ALLOY WHEEL SPECIALISTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
S.E.M. ALLOY WHEEL SPECIALISTS LTD
BALANCE SHEET
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2024
2023
£
£
£
£
Fixed assets
15,173
15,778
Current assets
17,298
15,175
Creditors: amounts falling due within one year
(11,601)
(10,142)
Net current assets
5,697
5,033
Total assets less current liabilities
20,870
20,811
Creditors: amounts falling due after more than one year
(54,373)
(57,466)
Net liabilities
(33,503)
(36,655)
Capital and reserves
(33,503)
(36,655)
Notes to the financial statements
1
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
4
4
2
Going Concern
At the time of approving the finanical statements, the directors have a reasonable expectation tha thte company has adequate resources to continue in operational existence for the foreseeable future with the continued support of its directors and bank. On this basis, the directors continue to adopt the going concern basis of accountants.
S.E.M. Alloy Wheel Specialists Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 9 D & C, Southwick Industrial Estate, North Hylton Road, Sunderland, Tyne and Wear, United Kingdom, SR5 3TX.
For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
S.E.M. ALLOY WHEEL SPECIALISTS LTD
BALANCE SHEET (CONTINUED)
- 2 -
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 25 February 2025 and are signed on its behalf by:
Mr K B Frame
Mr A R S Carr
Director
Director
Mr M P Carr
Director
Company registration number 11855285 (England and Wales)