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Registration number: 09009542

SMA Electronics Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2025

 

SMA Electronics Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

SMA Electronics Limited

(Registration number: 09009542)
Balance Sheet as at 30 April 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

18,705

22,614

Current assets

 

Debtors

6

43,932

51,778

Cash at bank and in hand

 

10,229

2,536

 

54,161

54,314

Creditors: Amounts falling due within one year

7

(19,240)

(45,509)

Net current assets

 

34,921

8,805

Total assets less current liabilities

 

53,626

31,419

Provisions for liabilities

(2,073)

-

Net assets

 

51,553

31,419

Capital and reserves

 

Called up share capital

100

100

Retained earnings

51,453

31,319

Shareholders' funds

 

51,553

31,419

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 May 2025 and signed on its behalf by:
 

 

SMA Electronics Limited

(Registration number: 09009542)
Balance Sheet as at 30 April 2025

.........................................
C M Amor
Director

 

SMA Electronics Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 18 Prince Henry House Kingsclere Park Industrial Estate
Kingsclere
Newbury
Berkshire
RG20 4SW

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors believe the company has adequate resources to continue in operational existence such that they believe the continued use of the going concern basis to be appropriate.

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced during the year in relation to the design and manufacturing services provided to the electronics industry.

Tax

The tax expense for the period comprises deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

SMA Electronics Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & Fittings

25% Reducing Balance

Plant & Machinery

25% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

 

SMA Electronics Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 May 2024

12,541

76,266

88,807

Additions

1,598

729

2,327

At 30 April 2025

14,139

76,995

91,134

Depreciation

At 1 May 2024

9,084

57,109

66,193

Charge for the year

1,264

4,972

6,236

At 30 April 2025

10,348

62,081

72,429

Carrying amount

At 30 April 2025

3,791

14,914

18,705

At 30 April 2024

3,457

19,157

22,614

5

Stocks

2025
£

2024
£

6

Debtors

Current

2025
£

2024
£

Trade debtors

11,577

-

Other debtors

32,355

51,778

 

43,932

51,778

 

SMA Electronics Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

765

27,842

Taxation and social security

16,675

6,165

Other creditors

1,800

11,502

19,240

45,509

8

Related party transactions

Transactions with directors

2025

At 1 May 2024
£

Advances to director
£

At 30 April 2025
£

C M Amor

Short term loan

-

1,724

1,724

-

-

-

-

1,724

1,724

D M Simpson

Short term loan

-

76

76

-

-

-

-

76

76