Company Registration No. 12583428 (England and Wales)
SSM ELECTRICAL LTD
Unaudited accounts
for the year ended 31 May 2025
SSM ELECTRICAL LTD
Unaudited accounts
Contents
SSM ELECTRICAL LTD
Company Information
for the year ended 31 May 2025
Company Number
12583428 (England and Wales)
Registered Office
16 ST. CHRISTOPHERS CLOSE
DUNSTABLE
LU5 4PD
ENGLAND
SSM ELECTRICAL LTD
Statement of financial position
as at 31 May 2025
Tangible assets
87,491
37,308
Creditors: amounts falling due within one year
(21,657)
(32,491)
Net current liabilities
(11,530)
(25,812)
Total assets less current liabilities
75,961
11,496
Creditors: amounts falling due after more than one year
(47,392)
-
Profit and loss account
28,567
11,494
Shareholders' funds
28,569
11,496
For the year ending 31 May 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 November 2024 and were signed on its behalf by
Stuart McIntyre
Director
Company Registration No. 12583428
SSM ELECTRICAL LTD
Notes to the Accounts
for the year ended 31 May 2025
SSM ELECTRICAL LTD is a private company, limited by shares, registered in England and Wales, registration number 12583428. The registered office is 16 ST. CHRISTOPHERS CLOSE, DUNSTABLE, LU5 4PD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Straight Line
SSM ELECTRICAL LTD
Notes to the Accounts
for the year ended 31 May 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2024
58,405
-
2,704
408
61,517
Additions
20,250
48,315
-
-
68,565
At 31 May 2025
78,655
48,315
2,704
408
130,082
At 1 June 2024
21,953
-
1,848
408
24,209
Charge for the year
8,505
9,663
214
-
18,382
At 31 May 2025
30,458
9,663
2,062
408
42,591
At 31 May 2025
48,197
38,652
642
-
87,491
At 31 May 2024
36,452
-
856
-
37,308
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
5,121
17,792
Obligations under finance leases and hire purchase contracts
8,536
-
Taxes and social security
-
5,899
Other creditors
8,000
8,000
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
47,392
-
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).