Company Registration No. 11214095 (England and Wales)
Semmco Group Limited
Unaudited accounts
for the year ended 31 December 2023
Semmco Group Limited
Unaudited accounts
Contents
Semmco Group Limited
Company Information
for the year ended 31 December 2023
Director
Stuart Martin McOnie
Company Number
11214095 (England and Wales)
Registered Office
9 Kestrel Way
Goldsworth Park Trading Estate
Woking
Surrey
GU21 3BA
UK
Semmco Group Limited
Statement of financial position
as at 31 December 2023
Creditors: amounts falling due within one year
(62,222)
(62,222)
Net current liabilities
(62,222)
(62,222)
Called up share capital
2,000
2,000
Shareholders' funds
2,000
2,000
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 23 April 2024 and were signed on its behalf by
Stuart Martin McOnie
Director
Company Registration No. 11214095
Semmco Group Limited
Notes to the Accounts
for the year ended 31 December 2023
Semmco Group Limited is a private company, limited by shares, registered in England and Wales, registration number 11214095. The registered office is 9 Kestrel Way, Goldsworth Park Trading Estate, Woking, Surrey, GU21 3BA, UK.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investments in subsidiaries are measured at cost less accumulated impairment.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting polices. In preparing these financial statements, the directors have made the following judgements:
Determine whether there are indicators of impairment of the company's investments. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.
4
Investments
Subsidiary undertakings
Valuation at 1 January 2023
64,222
Valuation at 31 December 2023
64,222
Included within investments are the following subsidiaries all owned 100%:
Semmco Ltd - incorporated in the United Kingdom
Semmco Inc - incorporated in the United States
Semmco DWC - incorporated in the United Arab Emirates
Semmco Group Limited
Notes to the Accounts
for the year ended 31 December 2023
5
Creditors: amounts falling due within one year
2023
2022
Other creditors
62,222
62,222
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).