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REGISTERED NUMBER: 12489347 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2022

for

SDDE Smith Group Limited

SDDE Smith Group Limited (Registered number: 12489347)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SDDE Smith Group Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: Mr D Smith
Mr S Smith





REGISTERED OFFICE: Lien House
120 High Street
Skelton-In-Cleveland
Satlburn-by-the-Sea
TS12 2EA





REGISTERED NUMBER: 12489347 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff LLP
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

SDDE Smith Group Limited (Registered number: 12489347)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 89,740 -
Tangible assets 5 14,635 2,431
Investments 6 1,080 879
105,455 3,310

CURRENT ASSETS
Debtors 7 1,989,062 504,912
Cash at bank 19,304 9,943
2,008,366 514,855
CREDITORS
Amounts falling due within one year 8 1,812,226 205,690
NET CURRENT ASSETS 196,140 309,165
TOTAL ASSETS LESS CURRENT
LIABILITIES

301,595

312,475

CREDITORS
Amounts falling due after more than one
year

9

-

(5,479

)

PROVISIONS FOR LIABILITIES (13,594 ) (462 )
NET ASSETS 288,001 306,534

CAPITAL AND RESERVES
Called up share capital 10 400 400
Retained earnings 287,601 306,134
SHAREHOLDERS' FUNDS 288,001 306,534

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

SDDE Smith Group Limited (Registered number: 12489347)

Balance Sheet - continued
31 December 2022


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 27 October 2023 and were signed on its behalf by:





Mr D Smith - Director


SDDE Smith Group Limited (Registered number: 12489347)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

SDDE Smith Group 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 (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about SDDE Smith Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents amounts invoiced for sales of services, excluding value added tax and are recognised when the services have been completed and the company has the right to receive the consideration.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Computer software is being amortised evenly over its estimated useful life of ten years.

Neither of these intangible assets were completed during the year and therefore no amortisation has not been provided in these accounts.

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

Fixtures and Fittings- 50% straight line
Computer Equipment- 50% straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year 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 balance sheet date.


SDDE Smith Group Limited (Registered number: 12489347)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2021 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 89,740
At 31 December 2022 89,740
NET BOOK VALUE
At 31 December 2022 89,740

SDDE Smith Group Limited (Registered number: 12489347)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2022 - 2,431 2,431
Additions 1,062 15,458 16,520
At 31 December 2022 1,062 17,889 18,951
DEPRECIATION
Charge for year 210 4,106 4,316
At 31 December 2022 210 4,106 4,316
NET BOOK VALUE
At 31 December 2022 852 13,783 14,635
At 31 December 2021 - 2,431 2,431

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2022 879
Additions 201
At 31 December 2022 1,080
NET BOOK VALUE
At 31 December 2022 1,080
At 31 December 2021 879

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors - 82,000
Amounts owed by group undertakings 1,474,581 422,912
Other debtors 514,481 -
1,989,062 504,912

SDDE Smith Group Limited (Registered number: 12489347)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 67,630 13,406
Amounts owed to group undertakings 1,428,773 160,436
Taxation and social security 183,834 29,348
Other creditors 131,989 2,500
1,812,226 205,690

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Other creditors - 5,479

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
400 Ordinary £1 400 400

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company advanced £153,604 to its directors (2021 - £nil). During the year the directors repaid £nil (2021 - £nil) leaving an amount owed to the company at the year end of £153,604 (2021 - £nil). Interest has been charged on the loans at a rate of 2% and amounts are repayable on demand.