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REGISTERED NUMBER: 08472782 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

SMG LIFTING SOLUTIONS LIMITED

SMG LIFTING SOLUTIONS LIMITED (REGISTERED NUMBER: 08472782)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SMG LIFTING SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr S Guild
Mrs A Guild





REGISTERED OFFICE: C/O Christian Douglass Accountants Ltd
2 Jordan Street
Knott Mill
Manchester
M15 4PY





REGISTERED NUMBER: 08472782 (England and Wales)





ACCOUNTANTS: Christian Douglass Accountants Limited
Chartered Accountants
2 Jordan Street
Knott Mill
Manchester
M15 4PY

SMG LIFTING SOLUTIONS LIMITED (REGISTERED NUMBER: 08472782)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 109,610 32,014

CURRENT ASSETS
Debtors 5 2,682 -
Cash at bank 158,460 104,887
161,142 104,887
CREDITORS
Amounts falling due within one year 6 21,116 22,534
NET CURRENT ASSETS 140,026 82,353
TOTAL ASSETS LESS CURRENT
LIABILITIES

249,636

114,367

PROVISIONS FOR LIABILITIES 23,018 -
NET ASSETS 226,618 114,367

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 226,617 114,366
SHAREHOLDERS' FUNDS 226,618 114,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 14 January 2025 and were signed on its behalf by:





Mr S Guild - Director


SMG LIFTING SOLUTIONS LIMITED (REGISTERED NUMBER: 08472782)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

SMG Lifting Solutions Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 08472782 and its registered office is at 2 Jordan Street, Knott Mill, Manchester, England, M15 4PY.

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.

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 etc - 15% 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.

Deferred tax
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

SMG LIFTING SOLUTIONS LIMITED (REGISTERED NUMBER: 08472782)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 79,137
Additions 104,483
Disposals (45,298 )
At 30 April 2024 138,322
DEPRECIATION
At 1 May 2023 47,123
Charge for year 9,832
Eliminated on disposal (28,243 )
At 30 April 2024 28,712
NET BOOK VALUE
At 30 April 2024 109,610
At 30 April 2023 32,014

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 2,682 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 2,274 36
Taxation and social security 6,032 20,604
Other creditors 12,810 1,894
21,116 22,534

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S Guild.