IRIS Accounts Productionv24.2.0.38313671868Board of Directors1.3.2329.2.2429.2.2400falsetruefalsefalsetruefalseOrdinary A1.00000Ordinary B1.00000Ordinary C1.00000Ordinary D1.00000Ordinary E1.000001.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh136718682023-02-28136718682024-02-29136718682023-03-012024-02-29136718682021-10-10136718682021-10-112023-02-28136718682023-02-2813671868ns15:EnglandWales2023-03-012024-02-2913671868ns14:PoundSterling2023-03-012024-02-2913671868ns10:Director12023-03-012024-02-2913671868ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2913671868ns10:SmallEntities2023-03-012024-02-2913671868ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2913671868ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2913671868ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2913671868ns10:FullAccounts2023-03-012024-02-2913671868ns10:OrdinaryShareClass12023-03-012024-02-2913671868ns10:OrdinaryShareClass22023-03-012024-02-2913671868ns10:OrdinaryShareClass32023-03-012024-02-2913671868ns10:OrdinaryShareClass42023-03-012024-02-2913671868ns10:OrdinaryShareClass52023-03-012024-02-2913671868ns10:OrdinaryShareClass1112023-03-012024-02-2913671868ns10:Director22023-03-012024-02-2913671868ns10:RegisteredOffice2023-03-012024-02-2913671868ns5:CurrentFinancialInstruments2024-02-2913671868ns5:CurrentFinancialInstruments2023-02-2813671868ns5:Non-currentFinancialInstruments2024-02-2913671868ns5:Non-currentFinancialInstruments2023-02-2813671868ns5:ShareCapital2024-02-2913671868ns5:ShareCapital2023-02-2813671868ns5:SharePremium2024-02-2913671868ns5:SharePremium2023-02-2813671868ns5:CapitalRedemptionReserve2024-02-2913671868ns5:CapitalRedemptionReserve2023-02-2813671868ns5:RetainedEarningsAccumulatedLosses2024-02-2913671868ns5:RetainedEarningsAccumulatedLosses2023-02-2813671868ns5:CostValuation2023-02-2813671868ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2913671868ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2813671868ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-02-2813671868ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-02-2913671868ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-02-2813671868ns5:Secured2024-02-2913671868ns5:Secured2023-02-2813671868ns10:OrdinaryShareClass12024-02-2913671868ns10:OrdinaryShareClass22024-02-2913671868ns10:OrdinaryShareClass32024-02-2913671868ns10:OrdinaryShareClass42024-02-2913671868ns10:OrdinaryShareClass52024-02-2913671868ns5:RetainedEarningsAccumulatedLosses2023-02-2813671868ns5:SharePremium2023-02-2813671868ns5:CapitalRedemptionReserve2023-02-2813671868ns5:RetainedEarningsAccumulatedLosses2023-03-012024-02-2913671868ns5:SharePremium2023-03-012024-02-2913671868ns5:CapitalRedemptionReserve2023-03-012024-02-29

REGISTERED NUMBER: 13671868 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024


FOR



SSMQ LIMITED



SSMQ LIMITED (REGISTERED NUMBER: 13671868)








CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024





Page




Company Information  

1




Balance Sheet  

2




Notes to the Financial Statements  

4





SSMQ LIMITED



COMPANY INFORMATION

FOR THE YEAR ENDED 29 FEBRUARY 2024









DIRECTORS:

S G Startup


M Quinn







REGISTERED OFFICE:

Stanley house 1 Warwick Street


Earlsdon


Coventry


West Midlands


CV5 6ET







REGISTERED NUMBER:

13671868 (England and Wales)







ACCOUNTANTS:

Armstrongs


Chartered Accountants and Tax Advisers


1 & 2 Mercia Village


Torwood Close


Westwood Business Park


Coventry


West Midlands


CV4 8HX



SSMQ LIMITED (REGISTERED NUMBER: 13671868)



BALANCE SHEET

29 FEBRUARY 2024



2024

2023



Notes

£   

£   

£   

£   


FIXED ASSETS

Investments

4

1,541,104


1,541,104




CURRENT ASSETS

Debtors

5

321,940


163,854



Cash at bank

66


-



322,006


163,854



CREDITORS

Amounts falling due within one year

6

558,486


388,860



NET CURRENT LIABILITIES

(236,480

)

(225,006

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

1,304,624


1,316,098




CREDITORS

Amounts falling due after more than one year

7

1,173,796


1,298,557



NET ASSETS

130,828


17,541




CAPITAL AND RESERVES

Called up share capital

10

4,858


4,704



Share premium

11

89,742


-



Capital redemption reserve

11

300


300



Retained earnings

11

35,928


12,537



SHAREHOLDERS' FUNDS

130,828


17,541




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.  


The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.



SSMQ LIMITED (REGISTERED NUMBER: 13671868)



BALANCE SHEET - continued

29 FEBRUARY 2024



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 21 June 2024 and were signed on its behalf by:






S G Startup - Director




SSMQ LIMITED (REGISTERED NUMBER: 13671868)



NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024


1.

STATUTORY INFORMATION



SSMQ 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.    



Turnover

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


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.


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.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was NIL (2023 - NIL).



SSMQ LIMITED (REGISTERED NUMBER: 13671868)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 29 FEBRUARY 2024


4.

FIXED ASSET INVESTMENTS


Shares in


group


undertakings

£   



COST


At 1 March 2023


and 29 February 2024

1,541,104




NET BOOK VALUE


At 29 February 2024

1,541,104




At 28 February 2023

1,541,104




5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Amounts owed by group undertakings

318,845


143,854




Other debtors

3,095


20,000



321,940


163,854




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Trade creditors

11,489


53,967




Amounts owed to group undertakings

286,823


102,210




Amounts owed to participating interests

180,281


176,413




Taxation and social security

6,338


548




Other creditors

73,555


55,722



558,486


388,860




7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR


2024

2023


£   

£   



Bank loans (see note 8)

893,796


738,557




Other creditors

280,000


560,000



1,173,796


1,298,557





SSMQ LIMITED (REGISTERED NUMBER: 13671868)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 29 FEBRUARY 2024


8.

LOANS



An analysis of the maturity of loans is given below:


2024

2023


£   

£   



Amounts falling due between one and two years:


Other loans - 1-2 years

280,000


560,000





Amounts falling due between two and five years:


Bank loans - 2-5 years

893,796


738,557




9.

SECURED DEBTS



The following secured debts are included within creditors:


2024

2023


£   

£   



Bank loans

893,796


738,557





Vertus Capital SPV1 Limited holds fixed and floating charges dated 7th April 2022 which covers all the property of the company.


10.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2024

2023



value:

£   

£   



4,854

Ordinary A

£1

4,854


4,700




(2023 - 4,700 )



1

Ordinary B

£1

1


1




1

Ordinary C

£1

1


1




1

Ordinary D

£1

1


1




1

Ordinary E

£1

1


1



4,858


4,704





The following shares were issued during the year:



154 Ordinary A shares of £1 for cash of £ 89,896



SSMQ LIMITED (REGISTERED NUMBER: 13671868)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 29 FEBRUARY 2024


11.

RESERVES


Capital



Retained


Share


redemption



earnings


premium


reserve


Totals

£   

£   

£   

£   




At 1 March 2023

12,537


-


300


12,837




Profit for the year

170,391


170,391




Dividends

(147,000

)

(147,000

)



Bonus share issue

-


89,742


-


89,742




At 29 February 2024

35,928


89,742


300


125,970