1 March 2023 false No description of principal activity Taxfiler 2024.6 10622908business:PrivateLimitedCompanyLtd2023-03-012024-02-29 106229082023-02-28 106229082023-03-012024-02-29 10622908business:AuditExemptWithAccountantsReport2023-03-012024-02-29 10622908business:AbridgedAccounts2023-03-012024-02-29 106229082024-02-29 10622908business:Director12023-03-012024-02-29 10622908business:RegisteredOffice2023-03-012024-02-29 106229082023-02-28 10622908core:WithinOneYear2024-02-29 10622908core:WithinOneYear2023-02-28 10622908core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 10622908core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 10622908core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 10622908core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 10622908core:PreviouslyStatedAmount2024-02-29 10622908core:PreviouslyStatedAmount2023-02-28 10622908business:SmallEntities2023-03-012024-02-29 10622908countries:EnglandWales2023-03-012024-02-29 10622908core:LandBuildings2023-03-012024-02-29 10622908core:ComputerEquipment2023-03-012024-02-29 10622908business:OrdinaryShareClass12023-03-012024-02-29 10622908business:OrdinaryShareClass12022-03-012023-02-28 106229082022-03-012023-02-28 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 10622908 (England and Wales)
SM MODERN DEVELOPMENTS LTD Unaudited accounts for the year ended 29 February 2024
SM MODERN DEVELOPMENTS LTD Unaudited accounts Contents
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SM MODERN DEVELOPMENTS LTD Company Information for the year ended 29 February 2024
Director
Mansoor Ahmad
Company Number
10622908 (England and Wales)
Registered Office
142 EARL MARSHAL ROAD SHEFFIELD S4 8LB UNITED KINGDOM
Accountants
THE TAXCOM ACCOUNTANTS LLP 109 CHEETHAM HILL ROAD MANCHESTER M8 8PY
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SM MODERN DEVELOPMENTS LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
140,070 
155,632 
Current assets
Cash at bank and in hand
3,053 
(1,530)
Creditors: amounts falling due within one year
(157,308)
(170,638)
Net current liabilities
(154,255)
(172,168)
Net liabilities
(14,185)
(16,536)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(14,285)
(16,636)
Shareholders' funds
(14,185)
(16,536)
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 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 year 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 14 November 2024 and were signed on its behalf by
Mansoor Ahmad Director Company Registration No. 10622908
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SM MODERN DEVELOPMENTS LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
SM MODERN DEVELOPMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 10622908. The registered office is 142 EARL MARSHAL ROAD, SHEFFIELD, S4 8LB, UNITED KINGDOM.
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:
Land & buildings
10%
Computer equipment
10%
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 March 2023
189,092 
At 29 February 2024
189,092 
Depreciation
At 1 March 2023
33,460 
Charge for the year
15,562 
At 29 February 2024
49,022 
Net book value
At 29 February 2024
140,070 
At 28 February 2023
155,632 
5
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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