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REGISTERED NUMBER: 08056505 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

SMCSM Limited

SMCSM Limited (Registered number: 08056505)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SMCSM Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: M J Steinman
Mrs S J Steinman
Ms C Micallef





REGISTERED OFFICE: Unit 6
Glebelands Court
10 Glebelands Road
Sale
Cheshire
M33 6LB





REGISTERED NUMBER: 08056505 (England and Wales)





ACCOUNTANTS: Beauchamp Charles Chartered Accountants
145a Ashley Road
Hale
Altrincham
Cheshire
WA14 2UW

SMCSM Limited (Registered number: 08056505)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 320,000 360,000
Tangible assets 5 25,238 5,725
345,238 365,725

CURRENT ASSETS
Stocks 14,894 16,611
Debtors 6 454,031 513,054
Cash at bank and in hand 349,199 140,324
818,124 669,989
CREDITORS
Amounts falling due within one year 7 820,714 658,144
NET CURRENT (LIABILITIES)/ASSETS (2,590 ) 11,845
TOTAL ASSETS LESS CURRENT
LIABILITIES

342,648

377,570

CREDITORS
Amounts falling due after more than one
year

8

300,000

300,000
NET ASSETS 42,648 77,570

CAPITAL AND RESERVES
Called up share capital 2,004 2,004
Retained earnings 40,644 75,566
SHAREHOLDERS' FUNDS 42,648 77,570

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

SMCSM Limited (Registered number: 08056505)

Balance Sheet - continued
31 May 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 15 August 2024 and were signed on its behalf by:




M J Steinman - Director



Mrs S J Steinman - Director


SMCSM Limited (Registered number: 08056505)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

SMCSM 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SMCSM Limited (Registered number: 08056505)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

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 287 (2023 - 287 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 801,405
AMORTISATION
At 1 June 2023 441,405
Charge for year 40,000
At 31 May 2024 481,405
NET BOOK VALUE
At 31 May 2024 320,000
At 31 May 2023 360,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 80,676
Additions 28,459
At 31 May 2024 109,135
DEPRECIATION
At 1 June 2023 74,951
Charge for year 8,946
At 31 May 2024 83,897
NET BOOK VALUE
At 31 May 2024 25,238
At 31 May 2023 5,725

SMCSM Limited (Registered number: 08056505)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 428,229 499,862
Other debtors 25,802 13,192
454,031 513,054

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 66,923 59,504
Taxation and social security 319,674 239,281
Other creditors 434,117 359,359
820,714 658,144

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Other creditors 300,000 300,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
J S Hanrahan
Balance outstanding at start of year 2,999 7,437
Amounts advanced - 2,999
Amounts repaid (2,999 ) (7,437 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,999

Ms C Micallef
Balance outstanding at start of year 7,500 3,600
Amounts advanced 2,510 7,500
Amounts repaid (7,500 ) (3,600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,510 7,500

The Directors loans have been repaid in full.