S.M. Components Ltd iXBRL

S.M. Components Ltd

Abridged Unaudited Financial Statements

for the financial year ended 31 December 2025

S.M. Components Ltd

Company Registration Number: NI614221

ABRIDGED BALANCE SHEET

as at 31 December 2025

		2025	2024
	Notes	£	£

Fixed Assets

Tangible assets

47,527

74,127

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Current Assets

Stocks

288,575

124,688

Debtors

1,094,480

332,807

Cash at bank and in hand

4,357

314,275

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1,387,412

771,770

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Creditors: amounts falling due within one year

(685,901)

(422,979)

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Net Current Assets

701,511

348,791

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Total Assets less Current Liabilities

749,038

422,918

Creditors:

amounts falling due after more than one year

(289,260)

Provisions for liabilities

(546)

217

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Net Assets

459,232

423,135

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Capital and Reserves

Called up share capital

100

100

Retained earnings

459,132

423,035

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Shareholders' Funds

459,232

423,135

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The financial statements have been prepared 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).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 2 June 2026 and signed on its behalf by




________________________________			________________________________
Mr Terry Johnston			Mr Jonathan McAuley
Director			Director



________________________________
Ms Svetlana Stalmaconoka
Director

S.M. Components Ltd

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial year ended 31 December 2025

General Information

S.M. Components Ltd Ltd is a private company Limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI681426. The registered office of the company is Unit G, 9 Michelin Road, Newtownabbey, Co. Antrim, BT36 4PT which is also the principal place of business.

The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.

These financial statements cover the individual entity, S.M. Components Ltd for the financial year ended 31st December 2025.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 December 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. Cost comprises purchase price and other directly attributable costs. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery

25% Straight line

Fixtures, fittings and equipment

25% Straight line

Motor vehicles

25% Straight line

Equipment assets

25% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Stocks

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Borrowing costs

Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Employee benefits

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.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average monthly number of employees, including directors, during the financial year was

2025

2024

Number

Number

Employees

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4.	Tangible assets
		Plant and	Fixtures,	Motor	Equipment	Total
		machinery	fittings and	vehicles	assets
			equipment
		£	£	£	£	£
	Cost
	At 1 January 2025	126,284	6,668	31,943	25,298	190,193
	Additions	3,450	495	-	619	4,564
	Disposals	-	-	-	(2,627)	(2,627)
		─────────	─────────	─────────	─────────	─────────
	At 31 December 2025	129,734	7,163	31,943	23,290	192,130
		─────────	─────────	─────────	─────────	─────────
	Depreciation
	At 1 January 2025	80,815	6,082	12,445	16,724	116,066
	Charge for the financial year	21,706	238	5,441	3,343	30,728
	On disposals	-	-	-	(2,191)	(2,191)
		─────────	─────────	─────────	─────────	─────────
	At 31 December 2025	102,521	6,320	17,886	17,876	144,603
		─────────	─────────	─────────	─────────	─────────
	Net book value
	At 31 December 2025	27,213	843	14,057	5,414	47,527
		═════════	═════════	═════════	═════════	═════════
	At 31 December 2024	45,469	586	19,498	8,574	74,127
		═════════	═════════	═════════	═════════	═════════

Parent company

The company regards JST NI Holdings Limited as its parent company. The companys ultimate parent undertaking is JST NI Holdings Ltd. The address of JST NI Holdings Ltd is Unit G, 9 Michelin Road, Newtownabbey, Co. Antrim, BT36 4PT. JST NI Holdings Ltd is regarded as both the controlling party and the ultimate controlling party.

Financial commitments and guarantees

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. Pension contributions are charged to the profit and loss in the year that they occur. There is £1,284 owed to the fund at the 31 December 2025. This is included in Creditors: amounts falling due within one year.