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Registered number: 09929375

SMG Business Solutions Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
Ratio Business Services Ltd
10 Mardley Hill
Welwyn
Hertfordshire
AL6 0TN

SMG Business Solutions Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
S Gee
M Dodson
A J Richards
REGISTERED OFFICE
25 West Tenter Street
London
E1 8DT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09929375
ACCOUNTANTS
Ratio Business Services Ltd
10 Mardley Hill
Welwyn
Hertfordshire
AL6 0TN

SMG Business Solutions Ltd

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

SMG Business Solutions Ltd

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets31,8001,800
CURRENT ASSETS
Debtors455,68055,235
Cash at bank and in hand532,697522,599
588,377577,834
CREDITORS: Amounts falling due within one year5414,399447,946
NET CURRENT ASSETS173,978129,888
TOTAL ASSETS LESS CURRENT LIABILITIES175,778131,688
CAPITAL AND RESERVES
Called up share capital611
Profit and loss account175,777131,687
SHAREHOLDERS' FUNDS175,778131,688
For the year ending 31/12/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 25/09/2024 and signed on their behalf by
.............................
S Gee
Director

SMG Business Solutions Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20232022
No.No.
Average number of employees1010
3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/01/20232,4002,400
At 31/12/20232,4002,400
Depreciation
At 01/01/2023600600
At 31/12/2023600600
Net Book Amounts
At 31/12/20231,8001,800
At 31/12/20221,8001,800

SMG Business Solutions Ltd

4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors38,58655,235
Prepayments17,094-
55,68055,235
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax10,6962,725
VAT32,18631,637
PAYE control10,6299,932
Directors current account3,3313,331
Trade creditors28,42030,215
Other creditors2,5124,481
Accruals & deferred income326,625365,625
414,399447,946
6. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1000000 Ordinary shares of £0.000001 each11
10000 Ordinary A of £0.000001 each0.010.01
11
New shares issued during period:
1000000 Ordinary shares of £0.000001 each11
1000 Ordinary A of £0.000001 each0.0010.001