0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 643,151 643,151 643,151 100 100 100 xbrli:pure xbrli:shares iso4217:GBP 10907074 2023-09-01 2024-08-31 10907074 2024-08-31 10907074 2023-08-31 10907074 2022-09-01 2023-08-31 10907074 2023-08-31 10907074 2022-08-31 10907074 bus:Director1 2023-09-01 2024-08-31 10907074 bus:Director2 2023-09-01 2024-08-31 10907074 core:WithinOneYear 2024-08-31 10907074 core:WithinOneYear 2023-08-31 10907074 core:ShareCapital 2024-08-31 10907074 core:ShareCapital 2023-08-31 10907074 core:RetainedEarningsAccumulatedLosses 2024-08-31 10907074 core:RetainedEarningsAccumulatedLosses 2023-08-31 10907074 core:CostValuation core:Non-currentFinancialInstruments 2024-08-31 10907074 core:Non-currentFinancialInstruments 2024-08-31 10907074 core:Non-currentFinancialInstruments 2023-08-31 10907074 core:LandBuildings core:OwnedOrFreeholdAssets 2024-08-31 10907074 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 10907074 bus:SmallEntities 2023-09-01 2024-08-31 10907074 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 10907074 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10907074 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10907074 bus:FullAccounts 2023-09-01 2024-08-31
COMPANY REGISTRATION NUMBER: 10907074
SML HOLDINGS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 August 2024
SML HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION
31 August 2024
2024
2023
Note
£
£
FIXED ASSETS
Tangible assets
4
643,151
643,151
Investments
5
100
100
-----------
-----------
643,251
643,251
CURRENT ASSETS
Debtors
6
581,461
902,800
Cash at bank and in hand
805,505
423,443
--------------
--------------
1,386,966
1,326,243
CREDITORS: amounts falling due within one year
7
24,647
19,567
--------------
--------------
NET CURRENT ASSETS
1,362,319
1,306,676
--------------
--------------
TOTAL ASSETS LESS CURRENT LIABILITIES
2,005,570
1,949,927
--------------
--------------
NET ASSETS
2,005,570
1,949,927
--------------
--------------
SML HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 August 2024
2024
2023
Note
£
£
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
2,005,470
1,949,827
--------------
--------------
SHAREHOLDERS FUNDS
2,005,570
1,949,927
--------------
--------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 22 May 2025 , and are signed on behalf of the board by:
Mr M Ledwick
Mr S Ledwick
Director
Director
Company registration number: 10907074
SML HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31st AUGUST 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is De Quincey House, The Maltings, Shaddongate, Carlisle, Cumbria, CA2 5TU.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
4. TANGIBLE ASSETS
Freehold property
£
Cost
At 1st September 2023 and 31st August 2024
643,151
-----------
Depreciation
At 1st September 2023 and 31st August 2024
-----------
Carrying amount
At 31st August 2024
643,151
-----------
At 31st August 2023
643,151
-----------
5. INVESTMENTS
Shares in group undertakings
£
Cost
At 1st September 2023 and 31st August 2024
100
-----
Impairment
At 1st September 2023 and 31st August 2024
-----
Carrying amount
At 31st August 2024
100
-----
At 31st August 2023
100
-----
6. DEBTORS
2024
2023
£
£
Amounts owed by group undertakings
143,936
316,887
Prepayments and accrued income
6,488
Other debtors
437,525
579,425
-----------
-----------
581,461
902,800
-----------
-----------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
3,608
5,290
Corporation tax
18,548
11,785
Social security and other taxes
2,491
2,492
---------
---------
24,647
19,567
---------
---------