SM PIGS LIMITED

Company Registration Number:
NI610508 (Northern Ireland)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

SM PIGS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SM PIGS LIMITED

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

Hugh Desmond McReynolds
Raymond Thomas Bradford


Secretary Raymond Thomas Bradford

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
7 May 2025

And signed on behalf of the board by:
Name: Hugh Desmond McReynolds
Status: Director

SM PIGS LIMITED

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 5,090,599 5,167,977
Cost of sales: ( 3,673,483 ) ( 4,030,833 )
Gross profit(or loss): 1,417,116 1,137,144
Distribution costs: ( 50,706 ) ( 46,058 )
Administrative expenses: ( 1,209,724 ) ( 1,105,504 )
Other operating income: 12,180 12,180
Operating profit(or loss): 168,866 (2,238)
Interest receivable and similar income: 0 0
Interest payable and similar charges: ( 176,092 ) ( 158,626 )
Profit(or loss) before tax: (7,226) (160,864)
Tax: ( 8,093 ) 95,369
Profit(or loss) for the financial year: (15,319) (65,495)

SM PIGS LIMITED

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 1,794,283 1,856,780
Total fixed assets: 1,794,283 1,856,780
Current assets
Stocks: 4 1,168,780 1,103,553
Debtors: 5 83,595 219,511
Cash at bank and in hand: 92,472 141,475
Investments:   0 0
Total current assets: 1,344,847 1,464,539
Creditors: amounts falling due within one year: 6 ( 1,330,893 ) ( 1,277,409 )
Net current assets (liabilities): 13,954 187,130
Total assets less current liabilities: 1,808,237 2,043,910
Creditors: amounts falling due after more than one year: 7 ( 1,521,614 ) ( 1,741,968 )
Provision for liabilities: 0 0
Total net assets (liabilities): 286,623 301,942
Capital and reserves
Called up share capital: 5 5
Share premium account: 124,995 124,995
Other reserves: 0 0
Profit and loss account: 161,623 176,942
Total Shareholders' funds: 286,623 301,942

The notes form part of these financial statements

SM PIGS LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 7 May 2025
and signed on behalf of the board by:

Name: Hugh Desmond McReynolds
Status: Director

The notes form part of these financial statements

SM PIGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover Turnover comprises the Invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

    Tangible fixed assets depreciation policy

    Tangible assets and depreciation Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation Is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives

SM PIGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 9 9

SM PIGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 2,323,859 135,763 25,507 0 17,200 2,502,329
Additions 0 41,534 624 0 0 42,158
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 December 2024 2,323,859 177,297 26,131 0 17,200 2,544,487
Depreciation
At 1 January 2024 486,281 135,763 22,333 0 1,172 645,549
Charge for year 92,953 6,230 1,465 0 4,007 104,655
On disposals 0 0 0 0 0 0
Other adjustments
At 31 December 2024 579,234 141,993 23,798 0 5,179 750,204
Net book value
At 31 December 2024 1,744,625 35,304 2,333 0 12,021 1,794,283
At 31 December 2023 1,837,578 0 3,174 0 16,028 1,856,780

SM PIGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Stocks

2024 2023
£ £
Stocks 1,168,780 1,103,553
Total 1,168,780 1,103,553

SM PIGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Debtors

2024 2023
£ £
Trade debtors 69,981 38,431
Prepayments and accrued income 0 11,661
Other debtors 13,614 169,419
Total 83,595 219,511

SM PIGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 219,929 77,892
Amounts due under finance leases and hire purchase contracts 2,936 2,537
Trade creditors 900,715 818,240
Accruals and deferred income 193,366 208,614
Other creditors 13,947 170,126
Total 1,330,893 1,277,409

SM PIGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 1,511,482 1,728,900
Amounts due under finance leases and hire purchase contracts 10,132 13,068
Total 1,521,614 1,741,968