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30/04/2023
2023-04-30
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No description of principal activities is disclosed
2022-05-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
05704247
2022-05-01
2023-04-30
05704247
2023-04-30
05704247
2022-04-30
05704247
2021-05-01
2022-04-30
05704247
2022-04-30
05704247
2021-04-30
05704247
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-05-01
2023-04-30
05704247
bus:RegisteredOffice
2022-05-01
2023-04-30
05704247
bus:LeadAgentIfApplicable
2022-05-01
2023-04-30
05704247
bus:Director1
2022-05-01
2023-04-30
05704247
bus:CompanySecretary1
2022-05-01
2023-04-30
05704247
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-04-30
05704247
core:FurnitureFittingsToolsEquipment
2022-04-30
05704247
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-04-30
05704247
core:FurnitureFittingsToolsEquipment
2023-04-30
05704247
core:RetainedEarningsAccumulatedLosses
2021-05-01
2022-04-30
05704247
core:RetainedEarningsAccumulatedLosses
2022-05-01
2023-04-30
05704247
core:WithinOneYear
2023-04-30
05704247
core:WithinOneYear
2022-04-30
05704247
core:ShareCapital
2023-04-30
05704247
core:ShareCapital
2022-04-30
05704247
core:RetainedEarningsAccumulatedLosses
2023-04-30
05704247
core:RetainedEarningsAccumulatedLosses
2022-04-30
05704247
core:ShareCapital
2021-04-30
05704247
core:RetainedEarningsAccumulatedLosses
2021-04-30
05704247
core:FurnitureFittingsToolsEquipment
2022-05-01
2023-04-30
05704247
core:CostValuation
core:Non-currentFinancialInstruments
2022-04-30
05704247
core:DisposalsRepaymentsInvestments
core:Non-currentFinancialInstruments
2023-04-30
05704247
core:CostValuation
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2023-04-30
05704247
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2023-04-30
05704247
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2022-04-30
05704247
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core:OwnedOrFreeholdAssets
2022-04-30
05704247
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2022-04-30
05704247
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2023-04-30
05704247
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2021-04-30
05704247
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2022-04-30
05704247
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2021-05-01
2022-04-30
05704247
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2022-05-01
2023-04-30
05704247
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2023-04-30
05704247
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2023-04-30
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2023-04-30
Company registration number:
05704247
SMC CUSTOM INSTALLATIONS LIMITED
30 April 2023
HEYWOODS
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
SMC CUSTOM INSTALLATIONS LIMITED
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
SMC CUSTOM INSTALLATIONS LIMITED
DIRECTORS AND OTHER INFORMATION
|
|
|
|
Director |
Mr D E Lewis |
|
|
|
|
|
|
|
Secretary |
Mr G J Lewis |
|
|
|
|
|
|
|
Company number |
05704247 |
|
|
|
|
|
|
|
Registered office |
2 Henry Close |
|
|
Battlefield Enterprise Park |
|
|
Shrewsbury |
|
|
SY1 3TJ |
|
|
|
|
|
|
|
Business address |
2 Henry Close |
|
|
Battlefield Enterprise Park |
|
|
Shrewsbury |
|
|
Shropshire |
|
|
SY1 3TJ |
|
|
|
|
|
|
|
Accountants |
Heywoods |
|
|
Countrywide House |
|
|
Knights Way |
|
|
Shrewsbury |
|
|
Shropshire |
|
|
SY1 3AB |
|
|
|
SMC CUSTOM INSTALLATIONS LIMITED
STATEMENT OF FINANCIAL POSITION
30 APRIL 2023
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
5 |
201,274 |
|
|
|
205,783 |
|
|
Investments |
|
6 |
63,859 |
|
|
|
68,490 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
265,133 |
|
|
|
274,273 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Debtors |
|
7 |
16,037 |
|
|
|
7,081 |
|
|
Cash at bank and in hand |
|
|
165,826 |
|
|
|
224,507 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
181,863 |
|
|
|
231,588 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
8 |
(
57,466) |
|
|
|
(
123,392) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
124,397 |
|
|
|
108,196 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
389,530 |
|
|
|
382,469 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
389,530 |
|
|
|
382,469 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
6 |
|
|
|
6 |
Profit and loss account |
|
|
|
|
389,524 |
|
|
|
382,463 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholder funds |
|
|
|
|
389,530 |
|
|
|
382,469 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
16 January 2024
, and are signed on behalf of the board by:
Mr D E Lewis
Director
Company registration number:
05704247
SMC CUSTOM INSTALLATIONS LIMITED
STATEMENT OF CHANGES IN EQUITY
YEAR ENDED 30 APRIL 2023
|
|
Called up share capital |
|
Profit and loss account |
Total |
|
|
|
|
|
|
|
£ |
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 May 2021 |
|
6 |
|
305,604 |
305,610 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
152,759 |
152,759 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total comprehensive income for the year |
|
- |
|
152,759 |
152,759 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends paid and payable |
|
|
|
(
75,900) |
(
75,900) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total investments by and distributions to owners |
|
- |
|
(
75,900) |
(
75,900) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
At 30 April 2022 and 1 May 2022 |
|
6 |
|
382,463 |
382,469 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
45,011 |
45,011 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total comprehensive income for the year |
|
- |
|
45,011 |
45,011 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends paid and payable |
|
|
|
(
37,950) |
(
37,950) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total investments by and distributions to owners |
|
- |
|
(
37,950) |
(
37,950) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
At 30 April 2023 |
|
6 |
|
389,524 |
389,530 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SMC CUSTOM INSTALLATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2023
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 2 Henry Close, Battlefield Enterprise Park, Shrewsbury, SY1 3TJ.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Turnover
Turnover is measured at the value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Freehold property |
- |
2 % |
straight line |
|
Fittings fixtures and equipment |
- |
Fully depreciated |
|
|
|
|
|
|
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2022:
4
).
5.
Tangible assets
|
|
Freehold property |
Fixtures, fittings and equipment |
Total |
|
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 May 2022 and 30 April 2023 |
225,441 |
6,047 |
231,488 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 May 2022 |
19,658 |
6,047 |
25,705 |
|
|
|
|
|
Charge for the year |
4,509 |
- |
4,509 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 30 April 2023 |
24,167 |
6,047 |
30,214 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 30 April 2023 |
201,274 |
- |
201,274 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 30 April 2022 |
205,783 |
- |
205,783 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.
Investments
|
|
Shares in group undertakings and participating interests |
Loans to group undertakings and participating interests |
Total |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 May 2022 |
5 |
68,485 |
68,490 |
|
|
|
|
Repayments |
- |
(
4,631) |
(
4,631) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
At 30 April 2023 |
5 |
63,854 |
63,859 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
Impairment |
|
|
|
|
|
|
|
At 1 May 2022 and 30 April 2023 |
- |
- |
- |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 30 April 2023 |
5 |
63,854 |
63,859 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
At 30 April 2022 |
5 |
68,485 |
68,490 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
7.
Debtors
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade debtors |
|
13,361 |
102 |
|
Other debtors |
|
2,676 |
6,979 |
|
|
|
_______ |
_______ |
|
|
|
16,037 |
7,081 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade creditors |
|
2,977 |
6,118 |
|
Corporation tax |
|
384 |
36,092 |
|
Social security and other taxes |
|
653 |
5,037 |
|
Other creditors |
|
53,452 |
76,145 |
|
|
|
_______ |
_______ |
|
|
|
57,466 |
123,392 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Directors advances, credits and guarantees
|
During the year the director entered into the following advances and credits with the company: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the director |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Mr D E Lewis |
(
51,741) |
(
136) |
(
51,877) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
2022 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the director |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Mr D E Lewis |
(
30,986) |
(
20,755) |
(
51,741) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|