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Logo On Report
Registered Number: 14944172


 

 

 

SMS CAPITAL LTD


Abridged Accounts
 


Period of accounts

Start date: 19 June 2023

End date: 30 June 2024
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts SMS Capital Ltd for the 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 accounts of SMS Capital Ltd for the year ended 30 June 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the Board of Directors of SMS Capital Ltd , as a body, in accordance with the terms of our engagement letter dated 18 March 2025. Our work has been undertaken solely to prepare for your approval the accounts of SMS Capital Ltd and state those matters that we have agreed to state to the Board of Directors of SMS Capital Ltd, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SMS Capital Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that SMS Capital Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit SMS Capital Ltd. You consider that SMS Capital 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 accounts of SMS Capital 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 accounts.



....................................................

T & K Accountancy LLP

69 Banstead Road
Carshalton
SM5 3NP
18 March 2025
1
 
 
Notes
 
2024
£
Fixed assets    
Tangible fixed assets 3 303,094 
303,094 
Current assets    
Cash at bank and in hand 1,401 
Creditors: amount falling due within one year (148,598)
Net current assets (147,197)
 
Total assets less current liabilities 155,897 
Creditors: amount falling due after more than one year (204,998)
Net assets (49,101)
 

Capital and reserves
   
Called up share capital 4 100 
Profit and loss account (49,201)
Shareholders' funds (49,101)
 


For the period ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 18 March 2025 and were signed on its behalf by:


-------------------------------
MAYOORAN SENTHILMANI
Director
2
General Information
SMS Capital Ltd is a private company, limited by shares, registered in , registration number 14944172, registration address 69 Banstead Road, Carshalton, Surrey, SM5 3NP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Average number of employees

Average number of employees during the period was 0.
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 19 June 2023  
Additions 303,094    303,094 
Disposals  
At 30 June 2024 303,094    303,094 
Depreciation
At 19 June 2023  
Charge for period  
On disposals  
At 30 June 2024  
Net book values
Closing balance as at 30 June 2024 303,094    303,094 
Opening balance as at 19 June 2023  


4.

Share Capital

Allotted, called up and fully paid
2024
£
100 Class A shares of £1.00 each 100 
100 

5.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2024
£
2024
£
S3NCONSULT LTD(2,000)(2,000)
RJS ADVISORY LIMITED(10,400)(10,400)

Included in order creditors the amount owed by S3NCONSULT LTD, which is also owned by one of the key person of this company.
Included in order creditors the amount owed by RJS ADVISORY LIMITED , which is also owned by one of the key person of this company.
3