REGISTERED NUMBER: 06864197 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th November 2024

for

SM Electrical (NW) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S B Mills

REGISTERED OFFICE:

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

REGISTERED NUMBER:

06864197 (England and Wales)

ACCOUNTANTS:

Robin Oatridge & Co Limited

Chartered Certified Accountants

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

21,908

14,430

21,908

14,430

CURRENT ASSETS

Stocks

2,031

5,762

Debtors

6

162,334

217,861

Cash at bank and in hand

62,611

12,605

226,976

236,228

CREDITORS

Amounts falling due within one year

7

155,738

124,623

NET CURRENT ASSETS

71,238

111,605

TOTAL ASSETS LESS CURRENT LIABILITIES

93,146

126,035

PROVISIONS FOR LIABILITIES

2,736

3,320

NET ASSETS

90,410

122,715

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

90,310

122,615

SHAREHOLDERS' FUNDS

90,410

122,715

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2024 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 30th November 2025 and were signed by:

Mr S B Mills - Director

1.	STATUTORY INFORMATION

SM Electrical (NW) Limited 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, amortised over the its estimated useful life of 5 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and Straight line over 10 years

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st December 2023

and 30th November 2024

9,000

AMORTISATION

At 1st December 2023

and 30th November 2024

9,000

NET BOOK VALUE

At 30th November 2024

-

At 30th November 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st December 2023

33,099

Additions

10,942

At 30th November 2024

44,041

DEPRECIATION

At 1st December 2023

18,669

Charge for year

3,464

At 30th November 2024

22,133

NET BOOK VALUE

At 30th November 2024

21,908

At 30th November 2023

14,430

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

78,660

143,174

Other debtors

83,674

74,687

162,334

217,861

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

152,122

121,195

Other creditors

3,616

3,428

155,738

124,623

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th November 2024 and 30th November 2023:

2024

2023

£

£

Mr S B Mills

Balance outstanding at start of year

73,043

60,748

Amounts advanced

81,479

73,043

Amounts repaid

(73,043

)

(60,748

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

81,479

73,043

Interest has been charged on the loan at the official rate.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr S B Mills.