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Registration number: 10953151

SMC Carpentry Contractors Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

SMC Carpentry Contractors Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

SMC Carpentry Contractors Limited

Company Information

Directors

S Moscrop

R Moscrop

Registered office

1 Oakfield Road
Carterton
OX18 3SW

Accountants

ENF Solutions Limited
Chartered Certified Accountant
181A Middlewood Road
Sheffield
S6 4HD

 

SMC Carpentry Contractors Limited

(Registration number: 10953151)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

99,655

96,998

Current assets

 

Debtors

5

29,786

19,856

Cash at bank and in hand

 

4,187

14,872

 

33,973

34,728

Creditors: Amounts falling due within one year

6

(77,358)

(73,516)

Net current liabilities

 

(43,385)

(38,788)

Total assets less current liabilities

 

56,270

58,210

Creditors: Amounts falling due after more than one year

6

(17,266)

(30,051)

Provisions for liabilities

(18,935)

(18,430)

Net assets

 

20,069

9,729

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

19,969

9,629

Shareholders' funds

 

20,069

9,729

 

SMC Carpentry Contractors Limited

(Registration number: 10953151)
Balance Sheet as at 30 September 2024 (continued)

For the financial year ending 30 September 2024 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 16 May 2025 and signed on its behalf by:
 

.........................................
S Moscrop
Director

 

SMC Carpentry Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

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:
1 Oakfield Road
Carterton
OX18 3SW

These financial statements were authorised for issue by the Board on 16 May 2025.

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.

 

SMC Carpentry Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

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

Office equipment

25% reducing balance basis

Plant and equipment

25% reducing balance basis

Vans

25% reducing balance basis

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

SMC Carpentry Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

143,165

2,996

57,190

203,351

Additions

30,012

-

-

30,012

At 30 September 2024

173,177

2,996

57,190

233,363

Depreciation

At 1 October 2023

82,227

1,199

22,927

106,353

Charge for the year

22,737

449

4,169

27,355

At 30 September 2024

104,964

1,648

27,096

133,708

Carrying amount

At 30 September 2024

68,213

1,348

30,094

99,655

At 30 September 2023

60,938

1,797

34,263

96,998

 

SMC Carpentry Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

5

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

20,656

16,449

Amounts owed by related parties

9,130

-

Other debtors

 

-

3,407

   

29,786

19,856

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

12,785

13,803

Taxation and social security

 

21,940

21,368

Accruals and deferred income

 

975

989

Other creditors

 

41,658

37,356

 

77,358

73,516

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

17,266

30,051

 

SMC Carpentry Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

8

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

5,000

7,500

Hire purchase contracts

12,266

22,551

17,266

30,051

2024
£

2023
£

Current loans and borrowings

Bank borrowings

2,500

2,500

Hire purchase contracts

10,285

11,303

12,785

13,803