Registered number
12131992
STRUCT MECH INSTALLATIONS LIMITED
Filleted Accounts
31 July 2024
STRUCT MECH INSTALLATIONS LIMITED
Registered number: 12131992
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 62,321 78,124
Current assets
Stocks 66,087 66,087
Debtors 4 - 1,217
Cash at bank and in hand 23,557 28,202
89,644 95,506
Creditors: amounts falling due within one year 5 (89,046) (109,593)
Net current assets/(liabilities) 598 (14,087)
Total assets less current liabilities 62,919 64,037
Creditors: amounts falling due after more than one year 6 (38,686) (41,035)
Net assets 24,233 23,002
Capital and reserves
Called up share capital 2 2
Profit and loss account 24,231 23,000
Shareholders' funds 24,233 23,002
The directors are 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 directors acknowledge their 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 J Fox
Director
Approved by the board on 17 June 2025
STRUCT MECH INSTALLATIONS LIMITED
Notes to the Accounts
for the year ended 31 July 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.
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:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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 2 2
3 Tangible fixed assets
Fixtures and fittings Other assets Motor vehicles Total
£ £ £ £
Cost
At 1 August 2023 667 36,198 82,531 119,396
At 31 July 2024 667 36,198 82,531 119,396
Depreciation
At 1 August 2023 444 17,399 23,429 41,272
Charge for the year 223 3,760 11,820 15,803
At 31 July 2024 667 21,159 35,249 57,075
Net book value
At 31 July 2024 - 15,039 47,282 62,321
At 31 July 2023 223 18,799 59,102 78,124
4 Debtors 2024 2023
£ £
Trade debtors - 1,217
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 21,090 21,090
Trade creditors 9,016 9,860
Taxation and social security costs 49,637 76,675
Other creditors 9,303 1,968
89,046 109,593
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 20,086 22,435
Obligations under finance lease and hire purchase contracts 2,639 2,639
Other creditors 15,961 15,961
38,686 41,035
7 Other information
STRUCT MECH INSTALLATIONS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Gillman Preston New Road
Freckleton
Preston
PR4 1HN
STRUCT MECH INSTALLATIONS LIMITED 12131992 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts April 2024 Mr J Fox No description of principal activity 12131992 2022-08-01 2023-07-31 12131992 core:WithinOneYear 2023-07-31 12131992 core:AfterOneYear 2023-07-31 12131992 core:ShareCapital 2023-07-31 12131992 core:RetainedEarningsAccumulatedLosses 2023-07-31 12131992 2023-08-01 2024-07-31 12131992 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12131992 bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12131992 bus:Director40 2023-08-01 2024-07-31 12131992 1 2023-08-01 2024-07-31 12131992 2 2023-08-01 2024-07-31 12131992 core:LandBuildings 2023-08-01 2024-07-31 12131992 core:PlantMachinery 2023-08-01 2024-07-31 12131992 core:Vehicles 2023-08-01 2024-07-31 12131992 countries:England 2023-08-01 2024-07-31 12131992 bus:FRS102 2023-08-01 2024-07-31 12131992 bus:FilletedAccounts 2023-08-01 2024-07-31 12131992 2024-07-31 12131992 core:WithinOneYear 2024-07-31 12131992 core:AfterOneYear 2024-07-31 12131992 core:ShareCapital 2024-07-31 12131992 core:RetainedEarningsAccumulatedLosses 2024-07-31 12131992 core:LandBuildings 2024-07-31 12131992 core:PlantMachinery 2024-07-31 12131992 core:Vehicles 2024-07-31 12131992 2023-07-31 12131992 core:LandBuildings 2023-07-31 12131992 core:PlantMachinery 2023-07-31 12131992 core:Vehicles 2023-07-31 iso4217:GBP xbrli:pure