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Registered number: 08988471
SMR Facilities Management Limited
Financial Statements
For the Period 1 May 2023 to 31 March 2024
ICAEW
1 Landor Road
London
SW9 9RX
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08988471
31 March 2024 30 April 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 19,041 20,161
Tangible Assets 5 117,720 164,014
136,761 184,175
CURRENT ASSETS
Stocks 6 6,778 5,750
Debtors 7 1,066,362 1,071,202
Cash at bank and in hand 61,487 141,732
1,134,627 1,218,684
Creditors: Amounts Falling Due Within One Year 8 (512,139 ) (892,973 )
NET CURRENT ASSETS (LIABILITIES) 622,488 325,711
TOTAL ASSETS LESS CURRENT LIABILITIES 759,249 509,886
Creditors: Amounts Falling Due After More Than One Year 9 (132,568 ) (182,903 )
NET ASSETS 626,681 326,983
CAPITAL AND RESERVES
Called up share capital 10 60 60
Profit and Loss Account 626,621 326,923
SHAREHOLDERS' FUNDS 626,681 326,983
Page 1
Page 2
For the period ending 31 March 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S N Surani
Director
24 January 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
SMR Facilities Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08988471 . The registered office is Fairman Harris, 1 Landor Road,, London, SW9 9RX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible asset is a website. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight Line
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Straight Line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.7. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 156 (2023: 96)
156 96
4. Intangible Assets
Other
£
Cost
As at 1 May 2023 22,401
As at 31 March 2024 22,401
Amortisation
As at 1 May 2023 2,240
Provided during the period 1,120
As at 31 March 2024 3,360
Net Book Value
As at 31 March 2024 19,041
As at 1 May 2023 20,161
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 58,899 137,563 36,405 2,999 235,866
Additions 2,059 - - 340 2,399
As at 31 March 2024 60,958 137,563 36,405 3,339 238,265
Depreciation
As at 1 May 2023 27,610 34,391 9,101 750 71,852
Provided during the period 15,239 25,793 6,826 835 48,693
As at 31 March 2024 42,849 60,184 15,927 1,585 120,545
Net Book Value
As at 31 March 2024 18,109 77,379 20,478 1,754 117,720
As at 1 May 2023 31,289 103,172 27,304 2,249 164,014
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6. Stocks
31 March 2024 30 April 2023
£ £
Stock 6,778 5,750
7. Debtors
31 March 2024 30 April 2023
£ £
Due within one year
Trade debtors 210,002 236,319
Prepayments and accrued income 39,277 94,023
Other debtors 1,031 19,000
Smar Space Ltd - 960
Amounts owed by associates 703,910 720,900
954,220 1,071,202
Due after more than one year
Amounts owed by group undertakings 112,142 -
112,142 -
1,066,362 1,071,202
8. Creditors: Amounts Falling Due Within One Year
31 March 2024 30 April 2023
£ £
Trade creditors 152,505 135,000
Bank loans and overdrafts 48,219 40,299
Corporation tax 251,994 161,399
Other taxes and social security 2,110 5,264
VAT 54,269 54,953
Credit Card 1,792 4,478
Smar Group Ltd Intercompany - 393,857
Accruals and deferred income 1,250 89,317
Directors' loan accounts - 8,406
512,139 892,973
9. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 30 April 2023
£ £
Bank loans 121,707 155,009
Other loans 10,861 27,894
132,568 182,903
One of the loans above is not secured towards the assets of the company. It is a Covid business support loan.
The other one is secured towards the company's vehicle.
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10. Share Capital
31 March 2024 30 April 2023
£ £
Allotted, Called up and fully paid 60 60
11. Related Party Transactions
Smar Group Ltd 
Intercompany balance - DR £112,142 (2023 CR £393,857)
Smar Space Ltd
Intercompany Balance - DB £297,890 (2023 DB £960)
Grandpa's Breads Limited
Intercompany Balance - Nil (2023 DB £314,880)
Smartstay Ltd:
Intercompany balance: DB £406,020 (2023 £406,020l)
12. Ultimate Controlling Party
The company's ultimate controlling party are Mr Samsuddin Surani and Mrs Ruby Sorani by virtue of their ownership of the holding company.
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