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REGISTERED NUMBER: 06433588 (England and Wales)















SMG Holdings Limited

Unaudited Financial Statements for the Year Ended 30 June 2024






SMG Holdings Limited (Registered number: 06433588)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SMG Holdings Limited

Company Information
for the year ended 30 June 2024







DIRECTORS: A Gregory
M Southern





SECRETARY: M Southern





REGISTERED OFFICE: Unit 1
12 Beaufighter Road
Weston Super Mare
BS24 8EE





REGISTERED NUMBER: 06433588 (England and Wales)





ACCOUNTANTS: Webb & Co Ltd
Accountants and Business Advisers
One New Street
Wells
Somerset
BA5 2LA

SMG Holdings Limited (Registered number: 06433588)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 165,439 140,156
Investments 5 200 200
165,639 140,356

CURRENT ASSETS
Debtors 6 350,329 498,501
Cash at bank 72,025 52,884
422,354 551,385
CREDITORS
Amounts falling due within one year 7 68,630 113,788
NET CURRENT ASSETS 353,724 437,597
TOTAL ASSETS LESS CURRENT
LIABILITIES

519,363

577,953

CREDITORS
Amounts falling due after more than one
year

8

(63,271

)

(50,031

)

PROVISIONS FOR LIABILITIES (29,220 ) (22,307 )
NET ASSETS 426,872 505,615

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 426,772 505,515
SHAREHOLDERS' FUNDS 426,872 505,615

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

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

SMG Holdings Limited (Registered number: 06433588)

Balance Sheet - continued
30 June 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





M Southern - Director


SMG Holdings Limited (Registered number: 06433588)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

SMG Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents income from management charges and related services. Management charges are recognised on a straight-line basis over the service period. Turnover is measured at the fair
value of the consideration receivable, excluding VAT and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

SMG Holdings Limited (Registered number: 06433588)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 July 2023 18,855 30,914 237,829 287,598
Additions - 195 88,207 88,402
Disposals - - (29,840 ) (29,840 )
At 30 June 2024 18,855 31,109 296,196 346,160
DEPRECIATION
At 1 July 2023 1,131 19,934 126,377 147,442
Charge for year 377 2,794 46,570 49,741
Eliminated on disposal - - (16,462 ) (16,462 )
At 30 June 2024 1,508 22,728 156,485 180,721
NET BOOK VALUE
At 30 June 2024 17,347 8,381 139,711 165,439
At 30 June 2023 17,724 10,980 111,452 140,156

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 July 2023
and 30 June 2024 200
NET BOOK VALUE
At 30 June 2024 200
At 30 June 2023 200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by participating interests 143,020 485,216
Other debtors 207,309 13,285
350,329 498,501

SMG Holdings Limited (Registered number: 06433588)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 47,137 39,892
Trade creditors 7,028 4,010
Taxation and social security 1,882 29,692
Other creditors 12,583 40,194
68,630 113,788

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 63,271 50,031

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 110,408 89,923

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 GBP £1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
A Gregory
Balance outstanding at start of year - -
Amounts advanced 93,125 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 93,125 -

M Southern
Balance outstanding at start of year - -
Amounts advanced 93,125 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 93,125 -