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REGISTERED NUMBER: 09824734 (England and Wales)














SERVICE MANAGEMENT INTEGRATIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021






SERVICE MANAGEMENT INTEGRATIONS LIMITED (REGISTERED NUMBER: 09824734)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SERVICE MANAGEMENT INTEGRATIONS LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2021







DIRECTORS: T Kerman
M Herring





SECRETARY: Mrs C Herring





REGISTERED OFFICE: 3rd Floor
207 Regent Street
London
W1B 3HH





REGISTERED NUMBER: 09824734 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
2 Victoria Road
Harpenden
Hertfordshire
AL5 4EA

SERVICE MANAGEMENT INTEGRATIONS LIMITED (REGISTERED NUMBER: 09824734)

STATEMENT OF FINANCIAL POSITION
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 9,219 2,157

CURRENT ASSETS
Debtors 6 49,051 330,173
Cash at bank 583,569 144,811
632,620 474,984
CREDITORS
Amounts falling due within one year 7 157,341 336,962
NET CURRENT ASSETS 475,279 138,022
TOTAL ASSETS LESS CURRENT
LIABILITIES

484,498

140,179

PROVISIONS FOR LIABILITIES 1,752 410
NET ASSETS 482,746 139,769

CAPITAL AND RESERVES
Called up, paid and allotted share capital 1,000 1,000
Retained earnings 481,746 138,769
SHAREHOLDERS' FUNDS 482,746 139,769

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

SERVICE MANAGEMENT INTEGRATIONS LIMITED (REGISTERED NUMBER: 09824734)

STATEMENT OF FINANCIAL POSITION - continued
31 December 2021


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2022 and were signed on its behalf by:





M Herring - Director


SERVICE MANAGEMENT INTEGRATIONS LIMITED (REGISTERED NUMBER: 09824734)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Service Management Integrations 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Income recognition
Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

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 - 25% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 3 ) .

SERVICE MANAGEMENT INTEGRATIONS LIMITED (REGISTERED NUMBER: 09824734)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2021

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 3,266
Additions 10,239
At 31 December 2021 13,505
DEPRECIATION
At 1 January 2021 1,109
Charge for year 3,177
At 31 December 2021 4,286
NET BOOK VALUE
At 31 December 2021 9,219
At 31 December 2020 2,157

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 36,094 329,523
Other debtors 12,957 650
49,051 330,173

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 7,150 94
Taxation and social security 79,871 79,236
Other creditors 70,320 257,632
157,341 336,962

8. COVID-19

During the current accounting period the world was dramatically affected by the Covid-19 pandemic. The directors have reviewed the company's position at the balance sheet date and up to the date of signing these accounts and have concluded that there are no material post balance sheet event adjustments required to the carrying amounts of the company's assets and liabilities as a result of the pandemic. They also do not consider that there will be any material financial effect from the pandemic that will impact on the company's ability to continue as a going concern for a period of 12 months from the date of approval of these accounts