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Company Registration No. 13907548 (England and Wales)
SML Fibre Group Limited Unaudited accounts for the year ended 29 February 2024
SML Fibre Group Limited Unaudited accounts Contents
Page
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SML Fibre Group Limited Company Information for the year ended 29 February 2024
Directors
LEE, Steven HAWKINS, Mandy
Company Number
13907548 (England and Wales)
Registered Office
Unit B Systems House Beluncle Halt, Stoke Road, Hoo Rochester Kent ME3 9NT England
Accountants
ML Accounting Services 39 The Chase Chatham Kent ME4 6UP
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SML Fibre Group Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
284,899 
183,792 
Current assets
Inventories
- 
3,000 
Debtors
396,419 
228,991 
Cash at bank and in hand
994,731 
1,589,559 
1,391,150 
1,821,550 
Creditors: amounts falling due within one year
(884,742)
(877,343)
Net current assets
506,408 
944,207 
Total assets less current liabilities
791,307 
1,127,999 
Provisions for liabilities
Deferred tax
(22,750)
(25,000)
Net assets
768,557 
1,102,999 
Capital and reserves
Profit and loss account
768,557 
1,102,999 
Shareholders' funds
768,557 
1,102,999 
For the year ending 29 February 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 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 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 of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by
HAWKINS, Mandy Director Company Registration No. 13907548
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SML Fibre Group Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
SML Fibre Group Limited is a private company, limited by shares, registered in England and Wales, registration number 13907548. The registered office is Unit B, Systems House, Beluncle Halt, Stoke Road, Hoo, Rochester, Kent, ME3 9NT, England.
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 year, 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.
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:
Plant & machinery
15%
Motor vehicles
15%
Fixtures & fittings
15%
Computer equipment
20%
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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SML Fibre Group Limited Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2023
143,096 
58,750 
3,043 
12,383 
217,272 
Additions
6,015 
144,500 
3,814 
3,976 
158,305 
At 29 February 2024
149,111 
203,250 
6,857 
16,359 
375,577 
Depreciation
At 1 March 2023
21,465 
8,812 
456 
2,747 
33,480 
Charge for the year
22,411 
30,487 
1,028 
3,272 
57,198 
At 29 February 2024
43,876 
39,299 
1,484 
6,019 
90,678 
Net book value
At 29 February 2024
105,235 
163,951 
5,373 
10,340 
284,899 
At 28 February 2023
121,631 
49,938 
2,587 
9,636 
183,792 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
58,412 
- 
Trade debtors
- 
227,558 
Accrued income and prepayments
6,730 
1,433 
Other debtors
31,277 
- 
96,419 
228,991 
Amounts falling due after more than one year
Other debtors
300,000 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
577,605 
496,118 
Trade creditors
4,503 
22,144 
Taxes and social security
303,627 
346,792 
Other creditors
- 
9,789 
Loans from directors
(4,193)
- 
Accruals
3,200 
2,500 
884,742 
877,343 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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