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Registration number: 12394052

SME Marketer Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

SME Marketer Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

SME Marketer Limited

Company Information

Director

M M Mateer

Company secretary

F L Mateer

Registered office

63-66 Hatton Garden
5th Floor Suite 23
London
EC1N 8LE

Accountants

ENF Solutions Limited
Chartered Certified Accountant
181A Middlewood Road
Sheffield
S6 4HD

 

SME Marketer Limited

(Registration number: 12394052)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

14,974

4,932

Current assets

 

Debtors

5

46,423

42,929

Cash at bank and in hand

 

8,125

30,639

 

54,548

73,568

Creditors: Amounts falling due within one year

6

(47,005)

(46,258)

Net current assets

 

7,543

27,310

Total assets less current liabilities

 

22,517

32,242

Creditors: Amounts falling due after more than one year

6

(18,584)

(28,105)

Provisions for liabilities

(2,845)

(937)

Net assets

 

1,088

3,200

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

1,087

3,199

Shareholders' funds

 

1,088

3,200

 

SME Marketer Limited

(Registration number: 12394052)
Balance Sheet as at 31 January 2024 (continued)

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 October 2024
 

.........................................
M M Mateer
Director

 

SME Marketer Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
63-66 Hatton Garden
5th Floor Suite 23
London
EC1N 8LE

These financial statements were authorised for issue by the director on 18 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

SME Marketer Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance basis

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

SME Marketer Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 February 2023

9,461

9,461

Additions

15,033

15,033

At 31 January 2024

24,494

24,494

Depreciation

At 1 February 2023

4,529

4,529

Charge for the year

4,991

4,991

At 31 January 2024

9,520

9,520

Carrying amount

At 31 January 2024

14,974

14,974

At 31 January 2023

4,932

4,932

5

Debtors

Current

2024
£

2023
£

Trade debtors

30,047

1,325

Other debtors

16,376

41,604

 

46,423

42,929

 

SME Marketer Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

10,104

10,104

Taxation and social security

 

21,019

19,219

Accruals and deferred income

 

-

16,935

Other creditors

 

15,882

-

 

47,005

46,258

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

18,584

28,105

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

         
 

SME Marketer Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

8

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

18,584

28,105

2024
£

2023
£

Current loans and borrowings

Bank borrowings

10,104

10,104