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REGISTERED NUMBER: 03742576 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SDML LIMITED

SDML LIMITED (REGISTERED NUMBER: 03742576)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SDML LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2025







DIRECTOR: S G Smart





REGISTERED OFFICE: 1 Flexford Close
Highclere
Newbury
Berkshire
RG20 9PE





REGISTERED NUMBER: 03742576 (England and Wales)





ACCOUNTANTS: Banks & Co Limited
Chartered Certified Accountants
1 Carnegie Road
Newbury
Berkshire
RG14 5DJ

SDML LIMITED (REGISTERED NUMBER: 03742576)

BALANCE SHEET
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 187,965 255,805

CURRENT ASSETS
Debtors 5 18,227 15,947
Cash at bank and in hand 85,230 34,276
103,457 50,223
CREDITORS
Amounts falling due within one year 6 55,517 62,646
NET CURRENT ASSETS/(LIABILITIES) 47,940 (12,423 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

235,905

243,382

PROVISIONS FOR LIABILITIES 15,077 16,373
NET ASSETS 220,828 227,009

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 219,828 226,009
SHAREHOLDERS' FUNDS 220,828 227,009

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 9 June 2025 and were signed by:





S G Smart - Director


SDML LIMITED (REGISTERED NUMBER: 03742576)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2025

1. STATUTORY INFORMATION

SDML Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 03742576 and registered office is 1 Flexford Close, Highclere, Newbury, Berkshire RG20 9PE.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts included in these financial statements are rounded to the nearest £.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
Basic financial assets, including trade and other receivables, and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

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 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.

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.

SDML LIMITED (REGISTERED NUMBER: 03742576)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

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.

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

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 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2024 25,136 451,382 476,518
Additions 1,590 31,057 32,647
Disposals - (106,790 ) (106,790 )
At 31 March 2025 26,726 375,649 402,375
DEPRECIATION
At 1 April 2024 23,702 197,011 220,713
Charge for year 756 65,938 66,694
Eliminated on disposal - (72,997 ) (72,997 )
At 31 March 2025 24,458 189,952 214,410
NET BOOK VALUE
At 31 March 2025 2,268 185,697 187,965
At 31 March 2024 1,434 254,371 255,805

SDML LIMITED (REGISTERED NUMBER: 03742576)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2024 66,410
Transfer to ownership (66,410 )
At 31 March 2025 -
DEPRECIATION
At 1 April 2024 29,853
Transfer to ownership (29,853 )
At 31 March 2025 -
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 36,557

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 585 920
Prepayments 17,642 15,027
18,227 15,947

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts (see note 7) - 22,100
Trade creditors 10,746 10,736
Social security and other taxes 661 700
VAT 11,775 3,850
Wages control - 2,467
Director's current account 30,285 19,774
Accruals and deferred income 2,050 3,019
55,517 62,646

7. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£    £   
Net obligations repayable:
Within one year - 22,100

Non-cancellable operating leases
2025 2024
£    £   
Within one year 6,750 4,500

SDML LIMITED (REGISTERED NUMBER: 03742576)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2025

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts - 22,100

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
1,000 Ordinary A £1 1,000 1,000