Registered number
10618334
SM SUPPORT SERVICES LIMITED
Filleted Accounts
28 February 2023
SM SUPPORT SERVICES LIMITED
Registered number: 10618334
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 12,843 15,110
Current assets
Debtors 4 13,644 12,616
Cash at bank and in hand 2,588 25
16,232 12,641
Creditors: amounts falling due within one year 5 (2,202) (2,707)
Net current assets 14,030 9,934
Total assets less current liabilities 26,873 25,044
Creditors: amounts falling due after more than one year 6 (16,548) (18,585)
Net assets 10,325 6,459
Capital and reserves
Called up share capital 100 100
Profit and loss account 10,225 6,359
Shareholder's funds 10,325 6,459
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Siddiqur Rahman Ali
Director
Approved by the board on 11 November 2023
SM SUPPORT SERVICES LIMITED
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 4
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 March 2022 20,913
At 28 February 2023 20,913
Depreciation
At 1 March 2022 5,803
Charge for the year 2,267
At 28 February 2023 8,070
Net book value
At 28 February 2023 12,843
At 28 February 2022 15,110
4 Debtors 2023 2022
£ £
Other debtors 13,644 12,616
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 1,442 2,027
Other creditors 760 680
2,202 2,707
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 16,548 18,585
7 Other information
SM SUPPORT SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
60A ISTEAD RISE
GRAVESEND
KENT
DA13 9JF
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