SMS ELECTRICAL SERVICES (LONDON) LTD


Directors	TURNER, Kirsty Louise
	TURNER, Mark Robert


Registered Address	1 Gemini Court
	42a Throwley Way,
	Sutton
	SM1 4AF


Registered Number	11508270 (England and Wales)

Statement of Financial Position
31 January 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		12,205		16,274
			12,205		16,274
Current assets
Debtors	5	66,557		53,640
Cash at bank and on hand		27,663		47,108
		94,220		100,748
Creditors amounts falling due within one year	6	(84,578)		(89,214)
Net current assets (liabilities)			9,642		11,534
Total assets less current liabilities			21,847		27,808
Creditors amounts falling due after one year	7		(1,737)		(6,567)
Provisions for liabilities	9		(2,441)		(3,417)
Net assets			17,669		17,824
Capital and reserves
Called up share capital			200		200
Profit and loss account			17,469		17,624
Shareholders' funds			17,669		17,824

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 15 October 2025, and are signed on its behalf by:

TURNER, Mark Robert
Director
Registered Company No. 11508270

SMS ELECTRICAL SERVICES (LONDON) LTD

Notes to the Financial Statements
for the year ended 31 January 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover represents the value of services and goods provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	25
	Fixtures and fittings	25
	Vehicles	25
	Office Equipment	25

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease. 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 the profit or loss on a straight line basis over the period of the lease.

Finance leases and hire purchase contracts

Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
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 the profit or loss on a straight line basis over the period of the lease.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	4		3

3.	Deferred tax
	Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 February 24	688	31,833	2,093	4,405	39,019
At 31 January 25	688	31,833	2,093	4,405	39,019
Depreciation and impairment
At 01 February 24	524	18,403	1,431	2,387	22,745
Charge for year	41	3,357	166	505	4,069
At 31 January 25	565	21,760	1,597	2,892	26,814
Net book value
At 31 January 25	123	10,073	496	1,513	12,205
At 31 January 24	164	13,430	662	2,018	16,274

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	53,476	36,196
Other debtors	11,842	15,758
Prepayments and accrued income	1,239	1,686
Total	66,557	53,640

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	20,060	36,205
Bank borrowings and overdrafts	28,505	28,328
Taxation and social security	26,535	14,938
Finance lease and HP contracts	5,758	5,727
Accrued liabilities and deferred income	3,720	4,016
Total	84,578	89,214

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	1,737	6,567
Total	1,737	6,567

8.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	7,496		12,294

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	2,441	3,417
Total	2,441	3,417

10.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
TURNER, Mark Robert	5,254	10,401	5,254	10,401
	5,254	10,401	5,254	10,401


	Included in Other Debtors represent amounts due from the directors of the company. The balance will be repaid within 9 months of the end of the accounting period.

11.	Related party transactions
	During the year, the Company received consultancy services amounting to £3,000 from Bluebell Design Consultants Ltd, a company under common control. Both entities are controlled by Kirsty Turner.