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REGISTERED NUMBER: SC710303 (Scotland)





















Unaudited Financial Statements

For The Year Ended 31 December 2023

for

SMCSG Ltd

SMCSG Ltd (Registered number: SC710303)






Contents of the Financial Statements
For The Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

SMCSG Ltd

Company Information
For The Year Ended 31 December 2023







DIRECTORS: E K Sharma
R Joshi





REGISTERED OFFICE: 1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH





REGISTERED NUMBER: SC710303 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

SMCSG Ltd (Registered number: SC710303)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 136,800 153,900
Tangible assets 5 1,838 3,340
138,638 157,240

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 6 250,527 133,089
Cash at bank 66,534 48,115
320,061 184,204
CREDITORS
Amounts falling due within one year 7 457,592 335,060
NET CURRENT LIABILITIES (137,531 ) (150,856 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,107

6,384

PROVISIONS FOR LIABILITIES 8 634 634
NET ASSETS 473 5,750

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 373 5,650
SHAREHOLDERS' FUNDS 473 5,750

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

SMCSG Ltd (Registered number: SC710303)

Balance Sheet - continued
31 December 2023


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 24 September 2024 and were signed on its behalf by:




E K Sharma - Director



R Joshi - Director


SMCSG Ltd (Registered number: SC710303)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

SMCSG Ltd is a private company, limited by shares , registered in Scotland. 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 2022, 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 33% on cost
Computer equipment - 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.

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade 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.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.

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.


SMCSG Ltd (Registered number: SC710303)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 57 (2022 - 59 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 171,000
AMORTISATION
At 1 January 2023 17,100
Charge for year 17,100
At 31 December 2023 34,200
NET BOOK VALUE
At 31 December 2023 136,800
At 31 December 2022 153,900

SMCSG Ltd (Registered number: SC710303)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 4,000 841 4,841
DEPRECIATION
At 1 January 2023 1,333 168 1,501
Charge for year 1,334 168 1,502
At 31 December 2023 2,667 336 3,003
NET BOOK VALUE
At 31 December 2023 1,333 505 1,838
At 31 December 2022 2,667 673 3,340

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 54,385 88,722
Amounts owed by group undertakings 135,400 35,000
Amounts owed by associates 60,742 9,050
Other debtors - 317
250,527 133,089

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 6,439 3,384
Amounts owed to group undertakings 257,919 170,270
Taxation and social security 56,492 74,616
Other creditors 136,742 86,790
457,592 335,060

8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 634 634

SMCSG Ltd (Registered number: SC710303)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 634
Credit to Income Statement during year (175 )
Balance at 31 December 2023 459

** BALANCE ABOVE AT END OF YEAR RE DEFERRED TAX ON CLIENT SCREEN OF 459
DOES NOT AGREE TO CURRENT YEAR TOTAL OF ACCOUNTS PER TB 634

PLEASE CHECK CLIENT SCREEN - NOTES TO FINANCIAL STATEMENTS - BALANCE SHEET ITEMS - PROVISIONS FOR LIABILITIES - MOVEMENT IN PROVISIONS ETC

Please note: a deferred tax asset should be entered as a negative balance (i.e. include a "-" sign)


9. RELATED PARTY DISCLOSURES

Trading transactions are conducted with each of these trading entities under normal business terms. No interest has been applied to the loan balances.





Purchases
Net trading
balances due
from/(to)

Loan balances
due from/(to)
Group: £ £ £
Pristine Cleaning Company Ltd - - 15,000

Frame Contract Services Ltd - - 120,400

Big Property Services Ltd - - (70,269)

Tayside Fife and Cleaning Company Ltd - - (82,150)

Associates:
Property One (Scotland) Ltd - - 60,742

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
SMCSG Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SMCSG Ltd for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of SMCSG Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SMCSG Ltd and state those matters that we have agreed to state to the Board of Directors of SMCSG Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that SMCSG Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SMCSG Ltd. You consider that SMCSG Ltd 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 financial statements of SMCSG Ltd. 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 financial statements.






Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH


24 September 2024