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Registered number: 09929375

SMG Business Solutions Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2021

Prepared By:
Ratio Business Services Ltd
10 Mardley Hill
Welwyn
Hertfordshire
AL6 0TN

SMG Business Solutions Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2021
DIRECTORS
S Gee
M Dodson
REGISTERED OFFICE
Office 1, Telford Yard
The Highway
London
E1W 2BQ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09929375
ACCOUNTANTS
Ratio Business Services Ltd
10 Mardley Hill
Welwyn
Hertfordshire
AL6 0TN

SMG Business Solutions Ltd

ACCOUNTS
FOR THEYEARENDED31/12/2021
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

SMG Business Solutions Ltd

BALANCE SHEET AT 31/12/2021
20212020
Notes££
FIXED ASSETS
Tangible assets31,8001,800
CURRENT ASSETS
Debtors420,37327,203
Cash at bank and in hand587,342545,863
607,715573,066
CREDITORS: Amounts falling due within one year5481,436480,014
NET CURRENT ASSETS126,27993,052
TOTAL ASSETS LESS CURRENT LIABILITIES128,07994,852
CAPITAL AND RESERVES
Called up share capital611
Profit and loss account128,07894,851
SHAREHOLDERS' FUNDS128,07994,852
For the year ending 31/12/2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 12/09/2022 and signed on their behalf by
.............................
S Gee
Director

SMG Business Solutions Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2021
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20212020
No.No.
Average number of employees1011
3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/01/20212,4002,400
At 31/12/20212,4002,400
Depreciation
At 01/01/2021600600
At 31/12/2021600600
Net Book Amounts
At 31/12/20211,8001,800
At 31/12/20201,8001,800

SMG Business Solutions Ltd

4. DEBTORS 20212020
££
Amounts falling due within one year
Trade debtors20,37327,203
20,37327,203
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20212020
££
UK corporation tax8,74314,597
VAT22,26324,587
PAYE control9,15010,733
Directors current account3,3313,016
Trade creditors13,8254,562
Other creditors3,4991,894
Accruals & deferred income420,625420,625
481,436480,014
6. SHARE CAPITAL 20212020
££
Allotted, issued and fully paid:
1000000 Ordinary shares of £0.000001 each11
9000 Ordinary A of £0.000001 each0.009
11
New shares issued during period:
1000000 Ordinary shares of £0.000001 each1
9000 Ordinary A of £0.000001 each0.009
A sub division of the ordinary shares took place in the period with the authorsised and allotted share capital value of that share class remaining unchanged. The company created an EMI share plan during the period whereby up to 50,000 non voting Ordinary A shares may be issued up to an aggregate nominal amount of £0.05 giving employees restricted rights to the companies profits via dividends.