REGISTERED NUMBER: SC148360 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

SMAIL ENGINEERS (GLASGOW) LIMITED

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

51,452

60,853

CURRENT ASSETS

Stocks

4,012

3,799

Debtors

211,794

273,749

Cash at bank and in hand

412,220

309,357

628,026

586,905

CREDITORS

Amounts falling due within one year

250,232

254,958

NET CURRENT ASSETS

377,794

331,947

TOTAL ASSETS LESS CURRENT LIABILITIES

429,246

392,800

CREDITORS

Amounts falling due after more than one year

7,122

28,241

NET ASSETS

422,124

364,559

CAPITAL AND RESERVES

Called up share capital

40,000

40,000

Retained earnings

382,124

324,559

SHAREHOLDERS' FUNDS

422,124

364,559

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 3 September 2025 and were signed by:

Mrs J E Scott - Director

1.	STATUTORY INFORMATION

Smail Engineers (Glasgow) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number:

SC148360

Registered office:

30 Napier Road

Hillington Industrial Estate

Glasgow

G52 4DR

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.

Turnover and revenue recognition

Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 8 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2024

120,103

Additions

2,542

At 31 May 2025

122,645

DEPRECIATION

At 1 June 2024

59,250

Charge for year

11,943

At 31 May 2025

71,193

NET BOOK VALUE

At 31 May 2025

51,452

At 31 May 2024

60,853

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 June 2024

and 31 May 2025

61,652

DEPRECIATION

At 1 June 2024

22,287

Charge for year

6,465

At 31 May 2025

28,752

NET BOOK VALUE

At 31 May 2025

32,900

At 31 May 2024

39,365

5.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £8,660 (2023: £7,696). At the balance sheet date, unpaid contributions of £931 (2022: £102) were due to the fund. They are included in creditors.

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs A Fletcher.