S & M Reinforcement Ltd. - Filleted accounts

Registered number

09580142

S & M Reinforcement Ltd.

Filleted Accounts

31 May 2025

S & M Reinforcement Ltd.
Registered number:		09580142
Balance Sheet
as at 31 May 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		66,037			18,132

Current assets
Debtors	4	61,865			110,635
Cash at bank and in hand		75,375			56,527
		137,240			167,162

Creditors: amounts falling due within one year	5	(107,292)			(123,717)

Net current assets			29,948			43,445

Total assets less current liabilities			95,985			61,577

Creditors: amounts falling due after more than one year	6		(65,098)			(28,383)



Net assets			30,887			33,194

Capital and reserves
Called up share capital			100			100
Profit and loss account			30,787			33,094

Shareholder's funds			30,887			33,194

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Stephen McKoy
Director
Approved by the board on 3 September 2026

S & M Reinforcement Ltd.
Notes to the Accounts
for the year ended 31 May 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% straight line
	Motor vehicles	20% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Plant and machinery		Motor vehicles		Total
£			£		£
	Cost
	At 1 June 2024	17,044		47,282		64,326
	Additions	2,995		62,685		65,680
	At 31 May 2025	20,039		109,967		130,006

	Depreciation
	At 1 June 2024	13,498		32,696		46,194
	Charge for the year	2,321		15,454		17,775
	At 31 May 2025	15,819		48,150		63,969

	Net book value
	At 31 May 2025	4,220		61,817		66,037
	At 31 May 2024	3,546		14,586		18,132


4	Debtors			2025		2024
£					£

	Trade debtors			-		12,616
	Other debtors			61,865		98,019
				61,865		110,635


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			6,204		6,336
	Obligations under finance lease and hire purchase contracts			26,057		8,152
	Trade creditors			-		1,975
	Taxation and social security costs			62,354		101,014
	Other creditors			12,677		6,240
				107,292		123,717


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			18,006		23,627
	Obligations under finance lease and hire purchase contracts			47,092		4,756
				65,098		28,383


7	Controlling party

	The company is controlled by the director, Mr Stephen McKoy who also owns 100% of the issued shares in the company.


8	Other information

	S & M Reinforcement Ltd. is a private company limited by shares and incorporated in England. Its registered office is:
	40 Daniel Way Silver End
	Witham
	Essex
	CM8 3SW