SMR SUPPLIES LIMITED 08658123 false 2023-08-28 2024-08-27 2024-08-27 The principal activity of the company is SALES OF COMPUTER EQUIPMENT Digita Accounts Production Advanced 6.30.9574.0 true true 08658123 2023-08-28 2024-08-27 08658123 2024-08-27 08658123 bus:Director1 1 2024-08-27 08658123 bus:OrdinaryShareClass1 bus:OtherShareType 2024-08-27 08658123 bus:OrdinaryShareClass2 bus:OtherShareType 2024-08-27 08658123 bus:OrdinaryShareClass3 bus:OtherShareType 2024-08-27 08658123 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-08-27 08658123 core:CurrentFinancialInstruments 2024-08-27 08658123 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-27 08658123 core:Non-currentFinancialInstruments 2024-08-27 08658123 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-27 08658123 core:FurnitureFittingsToolsEquipment 2024-08-27 08658123 bus:SmallEntities 2023-08-28 2024-08-27 08658123 bus:AuditExemptWithAccountantsReport 2023-08-28 2024-08-27 08658123 bus:FullAccounts 2023-08-28 2024-08-27 08658123 bus:SmallCompaniesRegimeForAccounts 2023-08-28 2024-08-27 08658123 bus:RegisteredOffice 2023-08-28 2024-08-27 08658123 bus:Director1 2023-08-28 2024-08-27 08658123 bus:Director1 1 2023-08-28 2024-08-27 08658123 bus:OrdinaryShareClass1 bus:OtherShareType 2023-08-28 2024-08-27 08658123 bus:OrdinaryShareClass2 bus:OtherShareType 2023-08-28 2024-08-27 08658123 bus:OrdinaryShareClass3 bus:OtherShareType 2023-08-28 2024-08-27 08658123 bus:PrivateLimitedCompanyLtd 2023-08-28 2024-08-27 08658123 core:ComputerEquipment 2023-08-28 2024-08-27 08658123 core:FurnitureFittings 2023-08-28 2024-08-27 08658123 core:FurnitureFittingsToolsEquipment 2023-08-28 2024-08-27 08658123 countries:AllCountries 2023-08-28 2024-08-27 08658123 2023-08-27 08658123 bus:Director1 1 2023-08-27 08658123 core:FurnitureFittingsToolsEquipment 2023-08-27 08658123 2022-08-28 2023-08-27 08658123 2023-08-27 08658123 bus:Director1 1 2023-08-27 08658123 bus:OrdinaryShareClass1 bus:OtherShareType 2023-08-27 08658123 bus:OrdinaryShareClass2 bus:OtherShareType 2023-08-27 08658123 bus:OrdinaryShareClass3 bus:OtherShareType 2023-08-27 08658123 core:CurrentFinancialInstruments 2023-08-27 08658123 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-27 08658123 core:Non-currentFinancialInstruments 2023-08-27 08658123 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-27 08658123 core:FurnitureFittingsToolsEquipment 2023-08-27 08658123 bus:Director1 1 2022-08-28 2023-08-27 08658123 bus:Director1 1 2022-08-27 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08658123

SMR SUPPLIES LIMITED

Unaudited Filleted Financial Statements

for the Year Ended 27 August 2024

 

SMR SUPPLIES LIMITED

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

SMR SUPPLIES LIMITED

Company Information

Director

Mr SM Rashid

Registered office

Stanhope House Mark Rake
Bromborough
Wirral
Merseyside
CH62 2DN

 

Accountants

Pennington Williams Limited
Chartered Certified Accountants
Stanhope House
Mark Rake
Bromborough
Wirral
Merseyside
CH62 2DN

 

SMR SUPPLIES LIMITED

(Registration number: 08658123)
Balance Sheet as at 27 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

6,493

7,769

Other financial assets

5

44,500

44,500

 

50,993

52,269

Current assets

 

Stocks

1,683,321

1,858,324

Debtors

6

1,232,575

1,315,587

Cash at bank and in hand

 

38,121

19,661

 

2,954,017

3,193,572

Creditors: Amounts falling due within one year

7

(2,983,199)

(3,174,712)

Net current (liabilities)/assets

 

(29,182)

18,860

Total assets less current liabilities

 

21,811

71,129

Creditors: Amounts falling due after more than one year

7

(19,015)

(90,948)

Provisions for liabilities

(1,234)

(1,476)

Net assets/(liabilities)

 

1,562

(21,295)

Capital and reserves

 

Called up share capital

8

300

300

Retained earnings

1,262

(21,595)

Shareholders' funds/(deficit)

 

1,562

(21,295)

For the financial year ending 27 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

SMR SUPPLIES LIMITED

(Registration number: 08658123)
Balance Sheet as at 27 August 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 May 2025
 

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

Mr SM Rashid
Director

 

SMR SUPPLIES LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 27 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Stanhope House Mark Rake
Bromborough
Wirral
Merseyside
CH62 2DN
United Kingdom

The principal place of business is:
The Croft
Shore Lane
Caldy
Wirral
Merseyside
CH48 2JS

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

 

SMR SUPPLIES LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 27 August 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

SMR SUPPLIES LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 27 August 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

33% Cost

Fixtures & Fittings

15% Reducing Balance

Investments

Investments are recognised as a tangible fixed asset and measured at cost less impairment. The company does not depreciate these assets due to their enduring value and lack of predictable useful life.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

SMR SUPPLIES LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 27 August 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

SMR SUPPLIES LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 27 August 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 28 August 2023

22,850

22,850

Additions

2,183

2,183

At 27 August 2024

25,033

25,033

Depreciation

At 28 August 2023

15,081

15,081

Charge for the year

3,459

3,459

At 27 August 2024

18,540

18,540

Carrying amount

At 27 August 2024

6,493

6,493

At 27 August 2023

7,769

7,769

5

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 28 August 2023

44,500

44,500

At 27 August 2024

44,500

44,500

Impairment

Carrying amount

At 27 August 2024

44,500

44,500

 

SMR SUPPLIES LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 27 August 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

463,509

719,224

Prepayments

38,462

53,220

Other debtors

730,604

543,143

 

1,232,575

1,315,587

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

66,410

59,979

Trade creditors

 

2,508,930

2,745,736

Taxation and social security

 

272,203

366,680

Accruals and deferred income

 

2,204

2,317

Other creditors

 

133,452

-

 

2,983,199

3,174,712

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

19,015

90,948

 

SMR SUPPLIES LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 27 August 2024

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary Shares A of £1 each

100

100

100

100

Ordinary Shares B of £1 each

100

100

100

100

Ordinary Shares C of £1 each

100

100

100

100

 

300

300

300

300

9

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

19,015

90,948

2024
£

2023
£

Current loans and borrowings

Bank borrowings

65,956

59,979

Bank overdrafts

454

-

66,410

59,979

10

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2023 - £13,445).

 

SMR SUPPLIES LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 27 August 2024

11

Related party transactions

Included in other debtors is the following advances made to the director. Interest of 2.25% has been charged on the outstanding balance.

Transactions with the director

2024

At 28 August 2023
£

Advances to director
£

Repayments by director
£

At 27 August 2024
£

Mr SM Rashid

Mr S Rashid

395,490

173,853

(33,696)

535,647

         
       

 

2023

At 28 August 2022
£

Advances to director
£

At 27 August 2023
£

Mr SM Rashid

Mr S Rashid

200,165

195,325

395,490