SMUtils Limited - Accounts

SMUtils Limited - Accounts

SMUTILS LIMITED - Company Information

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Registered Number: 03763440
England and Wales

 

 

 

SMUTILS LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 30 April 2022

End date: 29 April 2023

SMUtils Limited
Contents Page
For the year ended 29 April 2023
Director Mr S Mott
Registered Number 03763440
Registered Office 4 Ramptons Meadow
Tadley
Hampshire
RG26 3UR
Accountants Dove Marsh & Jones
1 Andromeda House
Calleva Park
Aldermaston
Berkshire
RG7 8AP
Secretary Mrs N Mott
1
Report to the directors on the preparation of the unaudited statutory accounts of SMUtils Limited for the year ended 29 April 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SMUtils Limited for the year ended 29 April 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of SMUtils Limited, as a body, in accordance with the terms of our engagement letter dated Our work has been undertaken solely to prepare for your approval the accounts of SMUtils Limited and state those matters that we have agreed to state to the Board of Directors of SMUtils Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SMUtils Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SMUtils Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SMUtils Limited. You consider that SMUtils Limited is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of SMUtils Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
29 April 2023


Dove Marsh & Jones
1 Andromeda House
Calleva Park
Aldermaston
Berkshire
RG7 8AP
03 January 2024
2
 
 		 Notes
 		 2023
£		   2022
£
Fixed assets      
Tangible fixed assets 3 10,679    9,877 
10,679    9,877 
Current assets      
Debtors 4 909    4,575 
Cash at bank and in hand 4,934    399 
5,843    4,974 
Creditors: amount falling due within one year 5 (3,521)   (4,012)
Net current assets 2,322    962 
 
Total assets less current liabilities 13,001    10,839 
Net assets 13,001    10,839 
 

Capital and reserves 		     
Called up share capital 2    2 
Profit and loss account 12,999    10,837 
Shareholder's funds 13,001    10,839 
 


For the year ended 29 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:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 03 January 2024 and were signed by:


-------------------------------
Mr S Mott
Director
3
General Information
SMUtils Limited is a private company, limited by shares, registered in England and Wales, registration number 03763440, registration address 4 Ramptons Meadow, Tadley, Hampshire, RG26 3UR.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Computer Equipment 25% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 30 April 2022 584    53,914    54,498 
Additions -    4,363    4,363 
Disposals -    -    - 
At 29 April 2023 584    58,277    58,861 
Depreciation
At 30 April 2022 146    44,475    44,621 
Charge for year 110    3,451    3,561 
On disposals -    -    - 
At 29 April 2023 256    47,926    48,182 
Net book values
Closing balance as at 29 April 2023 328    10,351    10,679 
Opening balance as at 30 April 2022 438    9,439    9,877 


4.

Debtors: amounts falling due within one year

2023
£		   2022
£
Trade Debtors -    4,575 
Prepayments & Accrued Income 909    - 
909    4,575 

5.

Creditors: amount falling due within one year

2023
£		   2022
£
Corporation Tax 2,309    2,183 
PAYE & Social Security -    65 
Accrued Expenses 948    1,380 
Other Creditors 140    140 
Directors' Current Accounts 124    244 
3,521    4,012 

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