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REGISTERED NUMBER: 03265332 (England and Wales)















STRATEGIC MAINTENANCE PLANNING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST DECEMBER 2024






STRATEGIC MAINTENANCE PLANNING LIMITED (REGISTERED NUMBER: 03265332)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 6


STRATEGIC MAINTENANCE PLANNING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: Mr I S J Weatherall
Mr S M Inglis
Mr L K Grant
Mr N D Grant
Mrs J Grant



SECRETARY: Mrs J Grant



REGISTERED OFFICE: 4 Stanton Court
Stirling Road
South Marston Park
SWINDON
Wiltshire
SN3 4YH



REGISTERED NUMBER: 03265332 (England and Wales)



ACCOUNTANTS: Morris Owen
Chartered Accountants
43-45 Devizes Road
SWINDON
Wiltshire
SN1 4BG



BANKERS: HSBC Bank Plc
Unit 6 The Lock
Canal Walk
SWINDON
Wiltshire
SN1 1LD

STRATEGIC MAINTENANCE PLANNING LIMITED (REGISTERED NUMBER: 03265332)

STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 37,363 54,233

CURRENT ASSETS
Debtors 5 1,378,553 1,140,905
Cash at bank and in hand 701,125 706,851
2,079,678 1,847,756
CREDITORS
Amounts falling due within one year 6 1,296,976 1,169,965
NET CURRENT ASSETS 782,702 677,791
TOTAL ASSETS LESS CURRENT
LIABILITIES

820,065

732,024

CREDITORS
Amounts falling due after more than
one year

7

-

4,653
NET ASSETS 820,065 727,371

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 819,965 727,271
SHAREHOLDERS' FUNDS 820,065 727,371

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th May 2025 and were signed on its behalf by:




Mr I S J Weatherall - Director


STRATEGIC MAINTENANCE PLANNING LIMITED (REGISTERED NUMBER: 03265332)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024


1. STATUTORY INFORMATION

Strategic Maintenance Planning Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:

Registered number 03265332

Registered office: 4 Stanton Court, Stirling Road, South Marston Park, Swindon, Wiltshire, SN3 4YH

The presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest pound.

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.

Significant judgements and estimates
In preparing these financial statements, the directors have made the following judgements:

- Determine whether leases entered into by the company as a lessee are operating leases or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.

- Determine the period of useful economic life and any residual value of all tangible fixed assets order to write off the value of each asset over that period.

- Determine an appropriate provision for bad and doubtful debts by assessing the recoverability of all balances on a balance by balance basis.

- Determine an appropriate provision for dilapidations by assessing the probable future obligations expected to exist at the end of the property lease.

Turnover
Turnover is recognised to the extent that the company obtains the right to consideration in exchange for its performance.

Turnover from sale of goods is recognised when the significant risks and reward of ownership of the goods have passed to the buyer, usually on dispatch of the goods.

Turnover is measured at the fair value of consideration received, excluding discounts, rebates, VAT and other sales taxes or duty.

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.
Short leasehold - 25% on cost
Website costs - 33% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

STRATEGIC MAINTENANCE PLANNING LIMITED (REGISTERED NUMBER: 03265332)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term trade creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 17 ) .

STRATEGIC MAINTENANCE PLANNING LIMITED (REGISTERED NUMBER: 03265332)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2024 25,976 176,561 202,537
Additions - 4,291 4,291
Disposals - (34,278 ) (34,278 )
Reclassification/transfer - 787 787
At 31st December 2024 25,976 147,361 173,337
DEPRECIATION
At 1st January 2024 25,846 122,458 148,304
Charge for year 130 13,711 13,841
Eliminated on disposal - (26,958 ) (26,958 )
Reclassification/transfer - 787 787
At 31st December 2024 25,976 109,998 135,974
NET BOOK VALUE
At 31st December 2024 - 37,363 37,363
At 31st December 2023 130 54,103 54,233


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 656,743 373,930
Amounts owed by group undertakings 690,987 749,864
Other debtors 30,823 17,111
1,378,553 1,140,905

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 4,653 6,252
Trade creditors 3,598 3,038
Taxation and social security 243,472 172,730
Other creditors 1,045,253 987,945
1,296,976 1,169,965

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) - 4,653

STRATEGIC MAINTENANCE PLANNING LIMITED (REGISTERED NUMBER: 03265332)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 4,653 6,252
Between one and five years - 4,653
4,653 10,905

Non-cancellable operating leases
2024 2023
£    £   
Within one year 52,404 52,404
Between one and five years 95,519 147,923
147,923 200,327

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 4,653 10,905

The hire purchase liability is secured upon the assets on which finance was obtained.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

In 2020 the company provided an interest free loan of £987,035 to its parent company.

During the year an amount totalling £60,000 was received in repayment (2023 £60,000). In addition, the company paid fees totalling £1,123 on behalf of its parent company.

The balance outstanding at the year end is £690,987 (2023 £749,864).