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
SMP Accountancy Ltd
Company Information
for the period from 1 December 2022 to 31 March 2024
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
SMP Accountancy Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
4,761
6,185
Cash at bank and in hand
37,459
25,741
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)
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
SMP Accountancy Ltd
Notes to the Accounts
for the period from 1 December 2022 to 31 March 2024
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.
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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 period, 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.
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
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 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.
SMP Accountancy Ltd
Notes to the Accounts
for the period from 1 December 2022 to 31 March 2024
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Tangible fixed assets
Total
Charge for the period
1,653
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Average number of employees
During the period the average number of employees was 2 (2022: 2).