1 December 2022 false No description of principal activity Taxfiler 2024.5 11663262business:PrivateLimitedCompanyLtd2022-12-012024-03-31 116632622022-11-30 116632622022-12-012024-03-31 11663262business:AuditExemptWithAccountantsReport2022-12-012024-03-31 11663262business:AbridgedAccounts2022-12-012024-03-31 116632622024-03-31 11663262business:Director12022-12-012024-03-31 11663262business:RegisteredOffice2022-12-012024-03-31 116632622022-11-30 11663262core:WithinOneYear2024-03-31 11663262core:WithinOneYear2022-11-30 11663262core:AfterOneYear2024-03-31 11663262core:AfterOneYear2022-11-30 11663262core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 11663262core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 11663262core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 11663262core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 11663262core:PreviouslyStatedAmount2024-03-31 11663262core:PreviouslyStatedAmount2022-11-30 11663262business:SmallEntities2022-12-012024-03-31 11663262countries:EnglandWales2022-12-012024-03-31 11663262core:FurnitureFittings2022-12-012024-03-31 11663262core:ComputerEquipment2022-12-012024-03-31 116632622021-12-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. 11663262 (England and Wales)
SMP Accountancy Ltd Unaudited Financial Statements for the period from 1 December 2022 to 31 March 2024
SMP Accountancy Ltd Unaudited Financial Statements Contents
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SMP Accountancy Ltd Company Information for the period from 1 December 2022 to 31 March 2024
Director
Steven Peters
Company Number
11663262 (England and Wales)
Registered Office
24 Lamport Lane Northampton Northamptonshire NN2 7DW United Kingdom
Accountants
SMP Accountancy Ltd 24 Lamport Lane Northampton NN2 7DW
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SMP Accountancy Ltd Statement of financial position as at 31 March 2024
2024 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,761 
6,185 
Current assets
Debtors
10,420 
7,889 
Cash at bank and in hand
37,459 
25,741 
47,879 
33,630 
Creditors: amounts falling due within one year
(16,691)
(18,545)
Net current assets
31,188 
15,085 
Total assets less current liabilities
35,949 
21,270 
Creditors: amounts falling due after more than one year
(7,830)
(9,732)
Net assets
28,119 
11,538 
Capital and reserves
Called up share capital
190 
190 
Profit and loss account
27,929 
11,348 
Shareholders' funds
28,119 
11,538 
For the period ending 31 March 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
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 October 2024 and were signed on its behalf by
Steven Peters Director Company Registration No. 11663262
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SMP Accountancy Ltd Notes to the Accounts for the period from 1 December 2022 to 31 March 2024
1
Statutory information
SMP Accountancy Ltd is a private company, limited by shares, registered in England and Wales, registration number 11663262. The registered office is 24 Lamport Lane, Northampton, Northamptonshire, NN2 7DW, United Kingdom.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable under contracts, excluding discounts, rebates, value added tax and other sales taxes.
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
10% Straight Line
Computer equipment
25% Reducing Balance
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
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.
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SMP Accountancy Ltd Notes to the Accounts for the period from 1 December 2022 to 31 March 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 December 2022
9,037 
Additions
2,097 
Disposals
(2,557)
At 31 March 2024
8,577 
Depreciation
At 1 December 2022
2,852 
Charge for the period
1,653 
On disposals
(689)
At 31 March 2024
3,816 
Net book value
At 31 March 2024
4,761 
At 30 November 2022
6,185 
5
Average number of employees
During the period the average number of employees was 2 (2022: 2).
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