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REGISTERED NUMBER: NI693808 (Northern Ireland)















SMS FIBRE LTD

Financial Statements for the Period 18 January 2023 to 31 March 2024






SMS FIBRE LTD (REGISTERED NUMBER: NI693808)






Contents of the Financial Statements
FOR THE PERIOD 18 JANUARY 2023 TO 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SMS FIBRE LTD

Company Information
FOR THE PERIOD 18 JANUARY 2023 TO 31 MARCH 2024







DIRECTORS: Niall Francis McGill
David Ramsey



REGISTERED OFFICE: Rosemount House
21-23 Sydenham Road
Belfast
BT3 9HA



REGISTERED NUMBER: NI693808 (Northern Ireland)



INDEPENDENT AUDITORS: CavanaghKelly
Chartered Accountants and Statutory Auditors
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP



BANKERS: Danske Bank
Donegal Square West
Belfast
Co. Antrim
BT1 6JS



SOLICITORS: Tughans
The Ewart
3 Bedford Square
Belfast
BT2 7EP

SMS FIBRE LTD (REGISTERED NUMBER: NI693808)

Statement of Financial Position
31 MARCH 2024

Notes £
CURRENT ASSETS
Receivables: amounts falling due within
one year

5

1
TOTAL ASSETS LESS CURRENT
LIABILITIES

1

CAPITAL AND RESERVES
Called up share capital 1
1

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 20 September 2024 and were signed on its behalf by:





David Ramsey - Director


SMS FIBRE LTD (REGISTERED NUMBER: NI693808)

Notes to the Financial Statements
FOR THE PERIOD 18 JANUARY 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Rosemount House, 21-23 Sydenham Road, Belfast, BT3 9HA.

The principal activity of the company is development of property.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention. The financial reporting framework that has been applied in their preparation is the Companies Act 2006 (the Act) and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland issued by the Financial Reporting Council. The company qualifies as a small company for the period, as defined by section 382 of the Act, in respect of the financial year, and has applied the rules of the 'Small Companies Regime' in accordance with section 381 of the Act and section 1A of FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Taxation
Taxation for the period 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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

5. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Other debtors 1

SMS FIBRE LTD (REGISTERED NUMBER: NI693808)

Notes to the Financial Statements - continued
FOR THE PERIOD 18 JANUARY 2023 TO 31 MARCH 2024

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Mr. Ryan Falls (F.C.A) (Senior Statutory Auditor)
for and on behalf of CavanaghKelly

7. ULTIMATE CONTROLLING PARTY

At the year end the immediate parent company is SMS Contracts Ltd, a company incorporated in Northern Ireland. The ultimate parent company is Lagan Specialist Contracting Group Holdings Limited, a company incorporated in the Isle of Man, which is also the largest group for which consolidated accounts are prepared.

The smallest group for which consolidated accounts are prepared including the results of this company is Charles Brand Group Holdings Limited, a company incorporated in Northern Ireland.

The Lagan family is deemed to be the ultimate controlling party.