REGISTERED NUMBER: 08626033 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2024

for

S M Utilities Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S L Mason

SECRETARY:

REGISTERED OFFICE:

35 College Court

Ripon

North Yorkshire

HG4 2TJ

REGISTERED NUMBER:

08626033 (England and Wales)

ACCOUNTANTS:

A.G.L. Accountancy Services Limited

Flat 2

20 Harlow Moor Drive

Harrogate

North Yorkshire

HG2 0JX

FIXED ASSETS

Tangible assets

4

162,042

217,385

CURRENT ASSETS

Debtors

5

2,610

131,413

Cash at bank and in hand

1,060

82

3,670

131,495

CREDITORS

Amounts falling due within one year

6

69,211

90,385

NET CURRENT (LIABILITIES)/ASSETS

(65,541

)

41,110

TOTAL ASSETS LESS CURRENT LIABILITIES

96,501

258,495

CREDITORS

Amounts falling due after more than one year

7

(37,426

)

(41,559

)

PROVISIONS FOR LIABILITIES

(26,869

)

-

NET ASSETS

32,206

216,936

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

32,106

216,836

SHAREHOLDERS' FUNDS

32,206

216,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 11 December 2025 and were signed by:

S L Mason - Director

1.	STATUTORY INFORMATION

S M Utilities 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.

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

-

20% on reducing balance

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 2 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2023

624,826

Additions

48,420

Disposals

(227,507

)

At 31 May 2024

445,739

DEPRECIATION

At 1 June 2023

407,441

Charge for year

40,513

Eliminated on disposal

(164,257

)

At 31 May 2024

283,697

NET BOOK VALUE

At 31 May 2024

162,042

At 31 May 2023

217,385

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.24

31.5.23

£

£

Trade debtors

2,610

4,140

Other debtors

-

127,273

2,610

131,413

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.24

31.5.23

£

£

Bank loans and overdrafts

-

1,980

Hire purchase contracts

46,107

73,824

Trade creditors

288

-

Taxation and social security

15,944

6,151

Other creditors

6,872

8,430

69,211

90,385

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.24

31.5.23

£

£

Hire purchase contracts

23,074

27,207

Other creditors

14,352

14,352

37,426

41,559