Company Registration No. 10982294 (England and Wales)
SCMG Stable Management Limited
Unaudited accounts
for the year ended 30 September 2023
SCMG Stable Management Limited
Unaudited accounts
Contents
SCMG Stable Management Limited
Company Information
for the year ended 30 September 2023
Company Number
10982294 (England and Wales)
Registered Office
203 West Street
Fareham
PO16 0EN
United Kingdom
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
SCMG Stable Management Limited
Accountants' report
Accountants' report to the director of SCMG Stable Management Limited on the preparation of the unaudited statutory accounts for the year ended 30 September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
SCMG Stable Management Limited for the year ended
30 September 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of SCMG Stable Management Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of SCMG Stable Management Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SCMG Stable Management Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SCMG Stable Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of SCMG Stable Management Limited. You consider that SCMG Stable Management Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SCMG Stable Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
18 December 2023
SCMG Stable Management Limited
Statement of financial position
as at 30 September 2023
Intangible assets
4,000
5,000
Tangible assets
10,931
14,263
Cash at bank and in hand
56,925
56,407
Creditors: amounts falling due within one year
(64,516)
(57,468)
Net current liabilities
(7,591)
(1,061)
Called up share capital
100
100
Profit and loss account
7,240
18,102
Shareholders' funds
7,340
18,202
For the year ending 30 September 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 December 2023 and were signed on its behalf by
Ian Phillips
Director
Company Registration No. 10982294
SCMG Stable Management Limited
Notes to the Accounts
for the year ended 30 September 2023
SCMG Stable Management Limited is a private company, limited by shares, registered in England and Wales, registration number 10982294. The registered office is 203 West Street , Fareham, PO16 0EN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Intangible fixed assets (including purchased goodwill and patents) are included at cost and amortisation of goodwill during the period of 10 Years .
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% on reducing balance
Computer equipment
25% on reducing balance
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
4
Intangible fixed assets
Goodwill
At 30 September 2023
10,000
At 30 September 2023
6,000
At 30 September 2023
4,000
At 30 September 2022
5,000
SCMG Stable Management Limited
Notes to the Accounts
for the year ended 30 September 2023
5
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2022
12,705
20,157
32,862
At 30 September 2023
12,705
20,157
32,862
At 1 October 2022
8,022
10,577
18,599
Charge for the year
937
2,395
3,332
At 30 September 2023
8,959
12,972
21,931
At 30 September 2023
3,746
7,185
10,931
At 30 September 2022
4,683
9,580
14,263
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
63,484
56,190
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
(56,190)
(10,089)
(2,795)
(63,484)
(56,190)
(10,089)
(2,795)
(63,484)
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).