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REGISTERED NUMBER: 07533624 (England and Wales)















SSM Accountants Limited

Financial Statements For The Year Ended 29 February 2024






SSM Accountants Limited (Registered number: 07533624)






Contents of the Financial Statements
For The Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SSM Accountants Limited

Company Information
For The Year Ended 29 February 2024







DIRECTOR: S J Smith





REGISTERED OFFICE: 23a Church Road
Parkstone
Poole
Dorset
BH14 8UF





REGISTERED NUMBER: 07533624 (England and Wales)

SSM Accountants Limited (Registered number: 07533624)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,006 1,309
3,006 1,309

CURRENT ASSETS
Stocks 6,500 -
Debtors 6 25,267 31,605
Cash at bank 17,862 17,291
49,629 48,896
CREDITORS
Amounts falling due within one year 7 51,442 48,019
NET CURRENT (LIABILITIES)/ASSETS (1,813 ) 877
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,193

2,186

PROVISIONS FOR LIABILITIES 301 274
NET ASSETS 892 1,912

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 692 1,712
SHAREHOLDERS' FUNDS 892 1,912

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 director acknowledges his 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.

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 director and authorised for issue on 18 August 2024 and were signed by:





S J Smith - Director


SSM Accountants Limited (Registered number: 07533624)

Notes to the Financial Statements
For The Year Ended 29 February 2024

1. STATUTORY INFORMATION

SSM Accountants 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 2011, is being amortised evenly over its estimated useful life of ten 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.
Fixtures and fittings - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

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.

SSM Accountants Limited (Registered number: 07533624)

Notes to the Financial Statements - continued
For The Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 140,000
AMORTISATION
At 1 March 2023
and 29 February 2024 140,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2023 20,522
Additions 2,378
At 29 February 2024 22,900
DEPRECIATION
At 1 March 2023 19,213
Charge for year 681
At 29 February 2024 19,894
NET BOOK VALUE
At 29 February 2024 3,006
At 28 February 2023 1,309

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,976 28,566
Other debtors 5,291 3,039
25,267 31,605

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,473 3,281
Taxation and social security 43,381 41,415
Other creditors 3,588 3,323
51,442 48,019