S & M ELECTRONICS LIMITED

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—5

Registered number: 02580956

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		576,669		536,154
Investments	5		845,333		768,330

			1,422,002		1,304,484
CURRENT ASSETS
Stocks	6	47,492		65,433
Debtors		16,710		19,733
Cash at bank and in hand		791,536		707,479

		855,738		792,645
Creditors: Amounts Falling Due Within One Year		(347,484 )		(403,889 )

NET CURRENT ASSETS (LIABILITIES)			508,254		388,756

TOTAL ASSETS LESS CURRENT LIABILITIES			1,930,256		1,693,240

NET ASSETS			1,930,256		1,693,240

CAPITAL AND RESERVES
Called up share capital	7		45		45
Profit and Loss Account			1,930,211		1,693,195

SHAREHOLDERS' FUNDS			1,930,256		1,693,240

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S & M ELECTRONICS LIMITED

Abridged Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 the company was entitled to exemption from audit 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 28 February 2025 in accordance with section 444(2A) of the Companies Act 2006.

The financial statements were approved by the board of directors on 19 November 2025 and were signed on its behalf by:

Mr Atul Patel

Director

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

S & M ELECTRONICS LIMITED is a private company, limited by shares, incorporated in England & Wales.

The registered number is 02580956 .

The registered office is 74 Dickenson Road, Rusholme, Manchester, M14 5HF.

Dividends paid to the Directors are reported in the notes ot the accounts.

Transactions with SAM Health Limited are reported in the notes to the accounts.

There are no other related party transactions to report.

There are no contingent liabilities or post balance sheet events to report.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover represents net invoiced sales of goods, and services excluding Value Added Tax (VAT).

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less accumulated depreciation.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery	10% Reducing Balance
Fixtures & Fittings	20% Reducing Balance

No depreciation is charged in the year of acquisition.

2.4. Investment Properties

Investment properties are revalued annually and any surplus or deficit is dealt with through profit and loss. No depreciation is provided in respect of investment properties.

2.5. Stocks and Work in Progress

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

Work in progress has been valued at prime cost of labour and materials plus other direct expenses.

2.6. Foreign Currencies

Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the balance sheet date and the gains or losses on transactions are included in the profit and loss account.

2.7. Pensions

The company operates a defined pension contribution scheme.

Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Investments & Investment Income

Investments are stated at mid-market value at the balance sheet date. Unrealised investment gains and losses are calculated as the difference between the valuation at the balance sheet date and their valuation at the last balance sheet date or purchase price, if acquired during the year.

Investment income comprises investment income, realised and unrealised investment gains and losses less investment expenses. Realised investment gains and losses are calculated as the difference between net proceeds on disposal and their purchase price.

2.9. Research and Development

Expenditure on research and development is written off against the profits in the year in which it is incurred.

2.10. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

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S & M ELECTRONICS LIMITED

Notes to the Abridged Financial Statements (continued)

For The Year Ended 28 February 2025

3. Average Number of Employees

Average number of employees, including directors, who are employed under a contract of service during the year was as follows:

	2025	2024
Office and administration	4	4

	4	4

4. Tangible Assets

	Total
	£
Cost or Valuation
As at 29 February 2024	590,001
Revaluation	41,200

As at 28 February 2025	631,201

Depreciation
As at 29 February 2024	53,847
Provided during the period	685

As at 28 February 2025	54,532

Net Book Value
As at 28 February 2025	576,669

As at 29 February 2024	536,154

The freehold investment property was acquired on 1 July 2013 at a cost of £362,005.

The property is now being revalued by the directors at the start and at the end of each accounting period.

5. Investments

	Total
	£
Cost or Valuation
As at 29 February 2024	768,330
Additions	20,216
Revaluations	56,787

As at 28 February 2025	845,333

Provision
As at 29 February 2024	-

As at 28 February 2025	-

Net Book Value
As at 28 February 2025	845,333

As at 29 February 2024	768,330

Investments are stated at mid-market value at the balance sheet date.

Unrealised investment gains and losses are calculated as the difference between the valuation at the balance sheet date and their valuation at the last balance sheet date or purchase price, if acquired during the year.

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S & M ELECTRONICS LIMITED

Notes to the Abridged Financial Statements (continued)

For The Year Ended 28 February 2025

6. Stocks

	2025	2024
	£	£
Finished goods	36,500	55,105
Work in progress	10,992	10,328

	47,492	65,433

7. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
4,500 Ordinary Shares of £ 0.01 each	45	45

Issued A Ordinary Voting Shares of 1p and M and S Ordinary Non Voting Shares of 1p as at 28 February 2023.

- Mr Atul Patel owns 2350 1p ordinary A voting shares

- Mrs Jayshree Patel owns 1174 1p ordinary A voting shares

- Mr Mitul Patel owns 397 1p ordinary A voting shares

- Mr Mitul Patel owns 30 1p ordinary M non-voting shares

- Mr Shane Patel owns 397 1p ordinary A voting shares

- Mr Shane Patel owns 30 1p ordinary S non-voting shares

- Mrs Sudhaben Patel owns 92 1p ordinary A voting shares

- SAM Health Limited owns 30 1p ordinary L non-voting shares

8. 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. At the balance sheet date contributions of £Nil (2024 £Nil) were due to the fund and are included in Other Creditors.

9. Related Party Transactions

SAM Health Limited and Suddha-Air Limited are associated companies.

SAM Health Limited was formed on 4 July 2012. The Company is controlled by Mr Shane Patel who held 50.2% of the total number of voting shares throughout the year. Mr Mitul Patel held the remaining 49.8% of the total number of voting shares in issue throughout the year.

Suddah-Air Limited was controlled by the two directors, Shane Patel and Mitul Patel, who each held 50 £1 Ordinary Shares throughout the year, there being 100 £1 Ordinary Shares in issue.

SAM Health Limited operates from business premises located at 27 Cambridge Street, Aylesbury, Buckinghamshire, HP20 1RP. The business premises were acquired by S&M Electronics Limited on 1 July 2013 for a consideration of £362,005. Thereafter the premises were leased to SAM Health Ltd. The rent for the year has been calculated at £6,388 per quarter.

In the opinion of the directors the rent has been set at a level that equates to open market rates.

Dividends paid to the directors and to SAM Health Limited are reported in the notes to the accounts.

There are no transactions in the year with Suddha-Air Limited.

10. Ultimate Controlling Party

The Company was controlled throughout the year by the director, Mr Atul Patel, who held 53.92% of the total number of voting shares in issue at the start of the year. Following a disposal of 28 voting shares on 2 March 2023, the % of voting shares held reduced to 53.28% at which level it remained until the end of the year.

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