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REGISTERED NUMBER: 01674716















Unaudited Financial Statements for the Year Ended 31 December 2023

for

SMIE UK Limited

SMIE UK Limited (Registered number: 01674716)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SMIE UK Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J Delplace





REGISTERED OFFICE: Unit 3
Vicarage Farm
Halliford Road
Sunbury on Thames
Surrey
TW16 6DW





REGISTERED NUMBER: 01674716





ACCOUNTANTS: TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE

SMIE UK Limited (Registered number: 01674716)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 346,919 412,037

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 2,185,693 1,911,199
Cash at bank 159,263 306,359
2,349,956 2,222,558
CREDITORS
Amounts falling due within one year 6 (264,525 ) (270,362 )
NET CURRENT ASSETS 2,085,431 1,952,196
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,432,350

2,364,233

CREDITORS
Amounts falling due after more than one year 7 (39,516 ) (10,566 )

PROVISIONS FOR LIABILITIES (67,555 ) (77,932 )
NET ASSETS 2,325,279 2,275,735

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 2,275,279 2,225,735
SHAREHOLDERS' FUNDS 2,325,279 2,275,735

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

SMIE UK Limited (Registered number: 01674716)

Balance Sheet - continued
31 December 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 May 2025 and were signed by:





J Delplace - Director


SMIE UK Limited (Registered number: 01674716)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

SMIE UK Limited is a private company, limited by shares , registered in Not specified/Other. 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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
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 etc - 33% on cost, 25% on cost and 20% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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


SMIE UK Limited (Registered number: 01674716)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 2,730,402 9,253 2,739,655
Additions 196,930 - 196,930
At 31 December 2023 2,927,332 9,253 2,936,585
DEPRECIATION
At 1 January 2023 2,318,365 9,253 2,327,618
Charge for year 262,048 - 262,048
At 31 December 2023 2,580,413 9,253 2,589,666
NET BOOK VALUE
At 31 December 2023 346,919 - 346,919
At 31 December 2022 412,037 - 412,037

SMIE UK Limited (Registered number: 01674716)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:
Plant and
machinery
£   
COST
At 1 January 2023 180,772
Additions 65,789
Transfer to ownership (180,772 )
At 31 December 2023 65,789
DEPRECIATION
At 1 January 2023 120,514
Charge for year 82,187
Transfer to ownership (180,771 )
At 31 December 2023 21,930
NET BOOK VALUE
At 31 December 2023 43,859
At 31 December 2022 60,258

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 364,442 413,130
Amounts owed by group undertakings 1,799,739 1,452,595
Other debtors 21,512 45,474
2,185,693 1,911,199

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Finance leases 29,907 65,735
Trade creditors 17,471 82,272
Taxation and social security 100,612 114,579
Other creditors 116,535 7,776
264,525 270,362

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Finance leases 39,516 10,566

SMIE UK Limited (Registered number: 01674716)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. OTHER FINANCIAL COMMITMENTS

The company had outstanding commitments in respect of operating leases at 31 December 2023 amounting to £23,672 (2022 - £47,344).

9. ULTIMATE CONTROLLING PARTY

The controlling party is SMIE SA, a company incorporated in France..