Signalling Installation & Maint Serv Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02953526 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 MARCH 2020 TO 31 MAY 2021

FOR

SIGNALLING INSTALLATION & MAINTENANCE

SERVICES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A Mulholland

Mr P Hedger

Mr I Chalmers

REGISTERED OFFICE:

5 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

REGISTERED NUMBER:

02953526 (England and Wales)

ACCOUNTANTS:

David Simon Limited

Chartered Certified Accountants

5 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Tangible assets

4

15,901

22,029

CURRENT ASSETS

Debtors

5

408,697

716,361

Cash at bank and in hand

564,441

34,436

973,138

750,797

CREDITORS

Amounts falling due within one year

6

447,948

344,262

NET CURRENT ASSETS

525,190

406,535

TOTAL ASSETS LESS CURRENT LIABILITIES

541,091

428,564

CAPITAL AND RESERVES

Called up share capital

82

82

Capital redemption reserve

18

18

Retained earnings

540,991

428,464

SHAREHOLDERS' FUNDS

541,091

428,564

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2022 and were signed on its behalf by:

Mr A Mulholland - Director

Mr P Hedger - Director

1.	STATUTORY INFORMATION

Signalling Installation & Maintenance Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33.33% on cost and 25% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2020 - 2 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2020

140,772

Additions

1,130

At 31 May 2021

141,902

DEPRECIATION

At 1 March 2020

118,743

Charge for period

7,258

At 31 May 2021

126,001

NET BOOK VALUE

At 31 May 2021

15,901

At 29 February 2020

22,029

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

380,512

711,815

Other debtors

28,185

4,546

408,697

716,361

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

213,801

135,602

Taxation and social security

140,303

11,659

Other creditors

93,844

197,001

447,948

344,262

7.	RELATED PARTY DISCLOSURES

Included in cost of sales is an amount of £1,624,052 (2020: £393,485) relating to services received by a connected company.

Included in creditors is an amount of £125,510 (2020: £105,337) due to a connected company.

8.	CHANGE OF ACCOUNTING PERIOD END

The company's accounting period end was extended by 3 months so as to end on 31 May 2021. This year's figures are for 15 months (2020 - 12 months).