Registered number
05558014
S & D Components Limited
Filleted Accounts
30 September 2024
S & D Components Limited
Registered number: 05558014
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 401,802 312,060
Current assets
Stocks 68,474 548,096
Debtors 4 266,679 257,315
Cash at bank and in hand 245,615 -
580,768 805,411
Creditors: amounts falling due within one year 5 (347,473) (688,223)
Net current assets 233,295 117,188
Total assets less current liabilities 635,097 429,248
Creditors: amounts falling due after more than one year 6 (120,771) (341,010)
Net assets 514,326 88,238
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 513,326 87,238
Shareholders' funds 514,326 88,238
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Gurvir Singh Atkar
Director
Approved by the board on 17 June 2025
S & D Components Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 10 years
Plant, machinery and equipment 15% reducing balance method
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 22 22
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 275,678 114,730 390,408
Additions 11,649 138,256 149,905
At 30 September 2024 287,327 252,986 540,313
Depreciation
At 1 October 2023 54,902 23,446 78,348
Charge for the year 34,864 25,299 60,163
At 30 September 2024 89,766 48,745 138,511
Net book value
At 30 September 2024 197,561 204,241 401,802
At 30 September 2023 220,776 91,284 312,060
4 Debtors 2024 2023
£ £
Trade debtors 266,679 197,851
Other debtors - 59,464
266,679 257,315
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 20,094 36,421
Trade creditors 225,642 599,132
Taxation and social security costs 56,578 20,089
Other creditors 45,159 32,581
347,473 688,223
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,052 17,383
Other creditors 109,719 323,627
120,771 341,010
7 Other information
S & D Components Limited is a private company limited by shares and incorporated in England. Its registered office is:
15 Lamson Road
Ferry Lane Industrial Estat
Rainham
UK
RM13 9YY
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