2022-07-012023-06-302023-06-30false13470877SXM HOLDINGS 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SXM HOLDINGS LIMITED

Registered Number
13470877
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

SXM HOLDINGS LIMITED
Company Information
for the year from 1 July 2022 to 30 June 2023

Director

MAGNANI, Stephane Xavier

Registered Address

19 Ashley Road
Walton-On-Thames
KT12 1JB

Registered Number

13470877 (England and Wales)
SXM HOLDINGS LIMITED
Balance Sheet as at
30 June 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets61,5602,080
Investments7167,269167,269
168,829169,349
Current assets
Debtors10,18710,569
Cash at bank and on hand176,655161,476
186,842172,045
Creditors amounts falling due within one year10(186,913)(156,160)
Net current assets (liabilities)(71)15,885
Total assets less current liabilities168,758185,234
Creditors amounts falling due after one year11(97,169)(97,169)
Provisions for liabilities12(296)(395)
Net assets71,29387,670
Capital and reserves
Called up share capital200200
Other reserves70,00070,000
Profit and loss account1,09317,470
Shareholders' funds71,29387,670
The financial statements were approved and authorised for issue by the Director on 7 February 2024, and are signed on its behalf by:
MAGNANI, Stephane Xavier
Director
Registered Company No. 13470877
SXM HOLDINGS LIMITED
Notes to the Financial Statements
for the year ended 30 June 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company in the year under review was that of dentist services.
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Revenue recognition policy
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.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
5.Employee information

20232022
Average number of employees during the year00
6.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 July 222,5592,559
At 30 June 232,5592,559
Depreciation and impairment
At 01 July 22479479
Charge for year520520
At 30 June 23999999
Net book value
At 30 June 231,5601,560
At 30 June 222,0802,080
7.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 July 22167,269167,269
At 30 June 23167,269167,269
Net book value
At 30 June 23167,269167,269
At 30 June 22167,269167,269

Notes

1Investments in group undertakings and participating interests
8.Guarantees and their terms, directors
The director's current account credit balance of £12,639 (2022: £381) relates to Dr S Magnani.
9.Debtors within one year

2023

2022

££
Trade debtors / trade receivables9,52110,469
Other debtors100100
Prepayments and accrued income566-
Total10,18710,569
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.
10.Creditors within one year

2023

2022

££
Trade creditors / trade payables91272
Amounts owed to related parties150,100150,100
Taxation and social security22,3634,708
Other creditors12,639381
Accrued liabilities and deferred income899899
Total186,913156,160
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.
11.Creditors after one year

2023

2022

££
Other creditors97,16997,169
Total97,16997,169
12.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)296395
Total296395