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REGISTERED NUMBER: 08110564 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

SMITHS ELECTRICAL (MK) LTD

SMITHS ELECTRICAL (MK) LTD (REGISTERED NUMBER: 08110564)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SMITHS ELECTRICAL (MK) LTD

COMPANY INFORMATION
For The Year Ended 30 June 2024







DIRECTOR: M Smith





REGISTERED OFFICE: 65 Khasiaberry
Walnut Tree
Milton Keynes
Buckinghamshire
MK7 7DR





REGISTERED NUMBER: 08110564 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

SMITHS ELECTRICAL (MK) LTD (REGISTERED NUMBER: 08110564)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Cash at bank 482 -

CREDITORS
Amounts falling due within one year 5 111,686 100,681
NET CURRENT LIABILITIES (111,204 ) (100,681 )
TOTAL ASSETS LESS CURRENT LIABILITIES (111,204 ) (100,681 )

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings (111,205 ) (100,682 )
SHAREHOLDERS' FUNDS (111,204 ) (100,681 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 24 March 2025 and were signed by:





M Smith - Director


SMITHS ELECTRICAL (MK) LTD (REGISTERED NUMBER: 08110564)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024


1. STATUTORY INFORMATION

Smiths Electrical (MK) Ltd is a private company, limited by shares , registered in England and Wales. 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 1,878 667 2,545
DEPRECIATION
At 1 July 2023
and 30 June 2024 1,878 667 2,545
NET BOOK VALUE
At 30 June 2024 - - -
At 30 June 2023 - - -

SMITHS ELECTRICAL (MK) LTD (REGISTERED NUMBER: 08110564)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 110,876 99,864
Accrued expenses 810 817
111,686 100,681

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £0.50 1 1

7. ULTIMATE CONTROLLING PARTY

The controlling party is M Smith.

8. GOING CONCERN

The accounts have been prepared on a going concern basis. However this might not be appropriate since at the accounts signing date it was uncertain as to whether an application would be made for striking off. There is no material difference between accounting entries based on a going concern basis or closure basis.