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REGISTERED NUMBER: 05843258 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 June 2023

for

SMS Squared Consultants Limited

SMS Squared Consultants Limited (Registered number: 05843258)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SMS Squared Consultants Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr G E Munt
Dr V N Munt





REGISTERED OFFICE: 3 Winchester Court
Weston
Crewe
Cheshire
CW2 5FG





REGISTERED NUMBER: 05843258 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

SMS Squared Consultants Limited (Registered number: 05843258)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 59,221 32,406
Investments 5 62,719 52,644
121,940 85,050

CURRENT ASSETS
Debtors 6 18,290 144,491
Cash at bank 81,050 46,362
99,340 190,853
CREDITORS
Amounts falling due within one year 7 43,026 27,787
NET CURRENT ASSETS 56,314 163,066
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,254

248,116

CREDITORS
Amounts falling due after more than one
year

8

-

(15,528

)

PROVISIONS FOR LIABILITIES (11,365 ) (6,157 )
NET ASSETS 166,889 226,431

CAPITAL AND RESERVES
Called up share capital 1,001 1,001
Retained earnings 165,888 225,430
SHAREHOLDERS' FUNDS 166,889 226,431

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

SMS Squared Consultants Limited (Registered number: 05843258)

Balance Sheet - continued
30 June 2023


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 31 December 2023 and were signed on its behalf by:





Mr G E Munt - Director


SMS Squared Consultants Limited (Registered number: 05843258)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

SMS Squared Consultants 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.

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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

SMS Squared Consultants Limited (Registered number: 05843258)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 July 2022 6,711 60,636 67,347
Additions 1,993 73,774 75,767
Disposals - (60,636 ) (60,636 )
At 30 June 2023 8,704 73,774 82,478
DEPRECIATION
At 1 July 2022 3,337 31,604 34,941
Charge for year 1,477 18,443 19,920
Eliminated on disposal - (31,604 ) (31,604 )
At 30 June 2023 4,814 18,443 23,257
NET BOOK VALUE
At 30 June 2023 3,890 55,331 59,221
At 30 June 2022 3,374 29,032 32,406

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2022 31,745
Disposals (31,745 )
At 30 June 2023 -
DEPRECIATION
At 1 July 2022 9,677
Eliminated on disposal (9,677 )
At 30 June 2023 -
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 22,068

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
30.6.23 30.6.22
£    £   
Other investments 62,719 52,644

SMS Squared Consultants Limited (Registered number: 05843258)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 18,290 11,410
Amounts owed by associates - 132,450
Other debtors - 631
18,290 144,491

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts - 6,655
Taxation and social security 35,003 17,215
Other creditors 8,023 3,917
43,026 27,787

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts - 15,528

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Hire purchase contracts - 22,183

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £75,140 (2022 - £62,500) were paid to the directors .