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Company Registration No. 09623401 (England and Wales)
SM SUBSTATION SERVICES LTD Unaudited accounts for the year ended 27 June 2025
SM SUBSTATION SERVICES LTD Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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SM SUBSTATION SERVICES LTD Company Information for the year ended 27 June 2025
Director
Mr Steven Merrick
Company Number
09623401 (England and Wales)
Registered Office
44 Oldfield Road Sale M33 2AQ
Accountants
Evans Entwistle Venta House Maes-glas Newport NP20 2NS
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of SM SUBSTATION SERVICES LTD for the year ended 27 June 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SM SUBSTATION SERVICES LTD for the year ended 27 June 2025 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Venta House Maes-glas Newport NP20 2NS 14 August 2025
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SM SUBSTATION SERVICES LTD Statement of financial position as at 27 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
59,497
68,393
Current assets
Debtors
5
23,732
11,839
Cash at bank and in hand
18,302
2,196
42,034
14,035
Creditors: amounts falling due within one year
6
(49,896)
(27,434)
Net current liabilities
(7,862)
(13,399)
Total assets less current liabilities
51,635
54,994
Creditors: amounts falling due after more than one year
7
(39,213)
(40,978)
Provisions for liabilities
Deferred tax
(11,304)
(12,995)
Net assets
1,118
1,021
Capital and reserves
Called up share capital
8
2
2
Profit and loss account
1,116
1,019
Shareholders' funds
1,118
1,021
For the year ending 27 June 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 14 August 2025 and were signed on its behalf by
Mr Steven Merrick Director Company Registration No. 09623401
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SM SUBSTATION SERVICES LTD Notes to the Accounts for the year ended 27 June 2025
1
Statutory information
SM SUBSTATION SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 09623401. The registered office is 44 Oldfield Road, Sale, M33 2AQ.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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
5 years straight line
Computer equipment
5 years straight line
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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SM SUBSTATION SERVICES LTD Notes to the Accounts for the year ended 27 June 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 28 June 2024
69,995
-
1,990
71,985
Additions
11,667
69,995
-
81,662
Disposals
(69,995)
-
-
(69,995)
At 27 June 2025
11,667
69,995
1,990
83,652
Depreciation
At 28 June 2024
1,867
-
1,725
3,592
Charge for the year
2,333
-
265
2,598
Surplus on revaluation
-
19,832
-
19,832
On disposals
(1,867)
-
-
(1,867)
At 27 June 2025
2,333
19,832
1,990
24,155
Net book value
At 27 June 2025
9,334
50,163
-
59,497
At 27 June 2024
68,128
-
265
68,393
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
5,988
10,994
Amounts falling due after more than one year
Other debtors
17,744
845
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
1,542
1,703
VAT
7,095
3,433
Obligations under finance leases and hire purchase contracts
14,662
11,062
Taxes and social security
25,301
9,940
Accruals
1,296
1,296
49,896
27,434
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
1,485
Obligations under finance leases and hire purchase contracts
39,213
39,493
39,213
40,978
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
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SM SUBSTATION SERVICES LTD Notes to the Accounts for the year ended 27 June 2025
9
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Mr Steven Merrick
general loan outstanding
846
16,898
-
17,744
846
16,898
-
17,744
The balance represents an interest free loan that is repayable to the company upon demand.
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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