S.M.C. BROTHERS LTD

Company Registration Number:
10638140 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 1 March 2023

End date: 28 February 2024

S.M.C. BROTHERS LTD

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Additional notes
Balance sheet notes

S.M.C. BROTHERS LTD

Balance sheet

As at 28 February 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 11,662 14,222
Total fixed assets: 11,662 14,222
Current assets
Stocks: 4 1,441 1,250
Debtors: 5 46,731 79,795
Cash at bank and in hand: 2,296 24,793
Total current assets: 50,468 105,838
Creditors: amounts falling due within one year: 6 ( 26,477 ) ( 56,716 )
Net current assets (liabilities): 23,991 49,122
Total assets less current liabilities: 35,653 63,344
Creditors: amounts falling due after more than one year: 7 ( 18,598 ) ( 21,667 )
Total net assets (liabilities): 17,055 41,677
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 16,955 41,577
Total Shareholders' funds: 17,055 41,677

The notes form part of these financial statements

S.M.C. BROTHERS LTD

Balance sheet statements

For the year ending 28 February 2024 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 chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 23 October 2024
and signed on behalf of the board by:

Name: Majed Alikhan
Status: Director

The notes form part of these financial statements

S.M.C. BROTHERS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.

    Tangible fixed assets depreciation policy

    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: Shop equipment 18% reducing method

S.M.C. BROTHERS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 4

S.M.C. BROTHERS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 45,851 45,851
Additions
Disposals
Revaluations
Transfers
At 28 February 2024 45,851 45,851
Depreciation
At 1 March 2023 31,629 31,629
Charge for year 2,560 2,560
On disposals
Other adjustments
At 28 February 2024 34,189 34,189
Net book value
At 28 February 2024 11,662 11,662
At 28 February 2023 14,222 14,222

S.M.C. BROTHERS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Stocks

2024 2023
£ £
Stocks 1,441 1,250
Total 1,441 1,250

S.M.C. BROTHERS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Debtors

2024 2023
£ £
Trade debtors 4,257 3,848
Other debtors 42,474 75,947
Total 46,731 79,795
Debtors due after more than one year: 42,474 75,947

S.M.C. BROTHERS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 6,413 20,721
Taxation and social security 7,078 30,112
Accruals and deferred income 7,761 5,883
Other creditors 5,225 0
Total 26,477 56,716

S.M.C. BROTHERS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 18,598 21,667
Total 18,598 21,667