REGISTERED NUMBER: 07117923 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

SME ENVIRONMENTAL SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M V McGrail

REGISTERED OFFICE:

21 Hollowgate

Rotherham

S60 2LE

REGISTERED NUMBER:

07117923 (England and Wales)

ACCOUNTANTS:

Drury & Co

Accountants & Business Advisors

21 Hollowgate

Rotherham

South Yorkshire

S60 2LE

FIXED ASSETS

Tangible assets

4

533,839

723,182

CURRENT ASSETS

Stocks

5

296,611

282,285

Debtors

6

97,437

96,721

Cash at bank

20,189

33,909

414,237

412,915

CREDITORS

Amounts falling due within one year

7

436,790

614,792

NET CURRENT LIABILITIES

(22,553

)

(201,877

)

TOTAL ASSETS LESS CURRENT LIABILITIES

511,286

521,305

CREDITORS

Amounts falling due after more than one year

8

(198,142

)

(185,926

)

PROVISIONS FOR LIABILITIES

(101,292

)

(140,219

)

NET ASSETS

211,852

195,160

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

211,752

195,060

SHAREHOLDERS' FUNDS

211,852

195,160

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 19 September 2025 and were signed by:

M V McGrail - Director

1.	STATUTORY INFORMATION

Sme Environmental Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

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.

Refurbishment costs

-

20% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

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.

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.

Hire purchase and leasing commitments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Refurbishment

Plant and

and

costs

machinery

fittings

£

£

£

COST

At 1 February 2024

32,696

952,908

64,013

Additions

-

-

5,788

Disposals

-

-

-

At 31 January 2025

32,696

952,908

69,801

DEPRECIATION

At 1 February 2024

32,696

577,846

28,948

Charge for year

-

93,765

13,255

Eliminated on disposal

-

-

-

At 31 January 2025

32,696

671,611

42,203

NET BOOK VALUE

At 31 January 2025

-

281,297

27,598

At 31 January 2024

-

375,062

35,065

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2024

679,552

51,508

1,780,677

Additions

-

-

5,788

Disposals

(24,470

)

-

(24,470

)

At 31 January 2025

655,082

51,508

1,761,995

DEPRECIATION

At 1 February 2024

377,152

40,853

1,057,495

Charge for year

73,665

6,704

187,389

Eliminated on disposal

(16,728

)

-

(16,728

)

At 31 January 2025

434,089

47,557

1,228,156

NET BOOK VALUE

At 31 January 2025

220,993

3,951

533,839

At 31 January 2024

302,400

10,655

723,182

5.

STOCKS

2025

2024

£

£

Stocks

296,611

282,285

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

66,198

65,482

Other debtors

31,239

31,239

97,437

96,721

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

109,453

134,328

Finance leases

6,947

6,947

Trade creditors

232,744

323,091

Taxation and social security

74,709

102,434

Other creditors

12,937

47,992

436,790

614,792

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

155,833

136,670

Finance leases

42,309

49,256

198,142

185,926

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the reporting date, the company was indebted to the director in the sum of £6,936 (2024: £42,922).

There are no formal repayment terms attached to this loan and interest is not being charged.