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REGISTERED NUMBER: 09939603 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

SMS Medics Ltd

SMS Medics Ltd (Registered number: 09939603)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SMS Medics Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Dr S M Sale
Dr J Sale





REGISTERED OFFICE: 30 Gay Street
Bath
Somerset
BA1 2PA





REGISTERED NUMBER: 09939603 (England and Wales)





ACCOUNTANTS: Moore
Chartered Accountants
30 Gay Street
Bath
BA1 2PA

SMS Medics Ltd (Registered number: 09939603)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,084 6,945
Investments 5 103,900 94,927
109,984 101,872

CURRENT ASSETS
Cash at bank 42,057 24,750

CREDITORS
Amounts falling due within one year 6 8,891 12,666
NET CURRENT ASSETS 33,166 12,084
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,150

113,956

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 143,148 113,954
SHAREHOLDERS' FUNDS 143,150 113,956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SMS Medics Ltd (Registered number: 09939603)

Balance Sheet - continued
31 January 2024


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 28 October 2024 and were signed on its behalf by:





Dr S M Sale - Director


SMS Medics Ltd (Registered number: 09939603)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

SMS Medics Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year 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 or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

SMS Medics Ltd (Registered number: 09939603)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 February 2023 10,928 10,200 21,128
Additions - 1,549 1,549
At 31 January 2024 10,928 11,749 22,677
DEPRECIATION
At 1 February 2023 7,906 6,277 14,183
Charge for year 604 1,806 2,410
At 31 January 2024 8,510 8,083 16,593
NET BOOK VALUE
At 31 January 2024 2,418 3,666 6,084
At 31 January 2023 3,022 3,923 6,945

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 February 2023 94,927
Revaluations 8,973
At 31 January 2024 103,900
NET BOOK VALUE
At 31 January 2024 103,900
At 31 January 2023 94,927

Cost or valuation at 31 January 2024 is represented by:

Other
investments
£   
Valuation in 2023 (73 )
Cost 94,927
94,854

SMS Medics Ltd (Registered number: 09939603)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Taxation and social security 3,213 4,812
Other creditors 5,678 7,854
8,891 12,666

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
2 Ordinary £1 2 2

8. RELATED PARTY DISCLOSURES

Included in creditors is £6,925 (2022: £5,950) owed by the company to the directors of the company, S & J Sale. There is no fixed repayment schedule and interest is not being charged on the outstanding balance.

9. ULTIMATE CONTROLLING PARTY

The company is jointly controlled by the directors, Dr S M Sale and Dr J Sale, by virtue of their shareholding.