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Company registration number: SC701803
SMD GAS LTD
Unaudited filleted financial statements
30 June 2024
SMD GAS LTD
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
SMD GAS LTD
Directors and other information
Director Scott Alexander McDonald
Company number SC701803
Registered office 77 Victoria Terrace
Dunfermline
Fife
KY12 0LT
Business address 77 Victoria Terrace
Dunfermline
Fife
KY12 0LT
Accountants John Lynch & Co
Torridon House
Torridon Lane
Rosyth
Fife
KY11 2EU
SMD GAS LTD
Report to the director on the preparation of the
unaudited statutory financial statements of SMD GAS LTD
Year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SMD GAS LTD for the year ended 30 June 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the director of SMD GAS LTD, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of SMD GAS LTD and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SMD GAS LTD and its director as a body for our work or for this report.
It is your duty to ensure that SMD GAS LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SMD GAS LTD. You consider that SMD GAS LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of SMD GAS LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
John Lynch & Co
Chartered Accountants
Torridon House
Torridon Lane
Rosyth
Fife
KY11 2EU
21 March 2025
SMD GAS LTD
Statement of financial position
30 June 2024
2024 2023
£ £
Fixed assets 1,044 1,352
_______ _______
Current assets 11,506 30,991
Creditors: amounts falling due within one year ( 10,409) ( 25,576)
_______ _______
Net current assets 1,097 5,415
_______ _______
Total assets less current liabilities 2,141 6,767
Accruals and deferred income ( 1,205) ( 600)
_______ _______
Net assets 936 6,167
_______ _______
Capital and reserves 936 6,167
_______ _______
SMD GAS LTD
Year ended 30 June 2024
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
2. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Scott Alexander McDonald ( 20,395) 20,200 ( 195)
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Scott Alexander McDonald - ( 20,395) ( 20,395)
_______ _______ _______
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 21 March 2025 , and are signed on behalf of the board by:
Scott Alexander McDonald
Director
Company registration number: SC701803
The company is a private company limited by shares, registered in Scotland.