Company Registration No. 11946936 (England and Wales)
SMD&ME LTD
Unaudited accounts
for the year ended 30 April 2024
SMD&ME LTD
Unaudited accounts
Contents
SMD&ME LTD
Company Information
for the year ended 30 April 2024
Directors
Meeta Dayalji Solanki
Sanjay Amratlal Solanki
Company Number
11946936 (England and Wales)
Registered Office
19 NORBURY AVENUE
WATFORD
HERTFORDSHIRE
WD24 4PL
ENGLAND
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
SMD&ME LTD
Accountants' report
Accountants' report to the board of directors of SMD&ME LTD on the preparation of the unaudited statutory accounts for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
SMD&ME LTD for the year ended
30 April 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of SMD&ME LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of SMD&ME LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SMD&ME LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SMD&ME LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of SMD&ME LTD. You consider that SMD&ME 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 accounts of SMD&ME 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 accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
29 July 2024
SMD&ME LTD
Statement of financial position
as at 30 April 2024
Tangible assets
1,740
4,500
Investment property
467,260
490,954
Cash at bank and in hand
1,567
178
Creditors: amounts falling due within one year
(240,723)
(246,729)
Net current liabilities
(238,348)
(246,551)
Total assets less current liabilities
230,652
248,903
Creditors: amounts falling due after more than one year
(285,469)
(285,469)
Net liabilities
(54,817)
(36,566)
Called up share capital
10
10
Revaluation reserve
(22,752)
942
Profit and loss account
(32,075)
(37,518)
Shareholders' funds
(54,817)
(36,566)
For the year ending 30 April 2024 the company was entitled to exemption from audit 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 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 of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by
Sanjay Amratlal Solanki
Director
Company Registration No. 11946936
SMD&ME LTD
Notes to the Accounts
for the year ended 30 April 2024
SMD&ME LTD is a private company, limited by shares, registered in England and Wales, registration number 11946936. The registered office is 19 NORBURY AVENUE, WATFORD, HERTFORDSHIRE, WD24 4PL, ENGLAND.
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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% on cost
SMD&ME LTD
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 May 2023
490,954
Net loss from fair value adjustments
(23,694)
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Loans from directors
240,638
246,428
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
285,469
285,469
Aggregate of amounts that fall due for payment after five years
285,469
285,469
9
Transactions with related parties
At the year end, the company owed the directors £240,637 (2023 - £246,428). No interest has been charged in the year (2023 - £2,910).
SMD&ME LTD
Notes to the Accounts
for the year ended 30 April 2024
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).