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Company Registration No. SC706653 (Scotland)
SM GLOBALLY SORTED LTD Unaudited accounts for the year ended 31 August 2024
SM GLOBALLY SORTED LTD Unaudited accounts Contents
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SM GLOBALLY SORTED LTD Company Information for the year ended 31 August 2024
Director
SALIM MBYE
Secretary
SALIM MBYE
Company Number
SC706653 (Scotland)
Registered Office
141/6 LOCHEND ROAD EDINBURGH EH7 6ES SCOTLAND
Accountants
DARBOE JULA & CO LTD TEAM HOUSE 1B ST MARY ROAD WATFORD HERTFORDSHIRE WD18 0EE
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of SM GLOBALLY SORTED LTD for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SM GLOBALLY SORTED LTD for the year ended 31 August 2024 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of SM GLOBALLY SORTED LTD, as a body, in accordance with the terms of our engagement letter dated 1 June 2022. Our work has been undertaken solely to prepare for your approval the accounts of SM GLOBALLY SORTED LTD and state those matters that we have agreed to state to the Board of Directors of SM GLOBALLY SORTED LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SM GLOBALLY SORTED LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SM GLOBALLY SORTED 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 of SM GLOBALLY SORTED LTD. You consider that SM GLOBALLY SORTED 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 SM GLOBALLY SORTED 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.
DARBOE JULA & CO LTD Chartered Certified Accountants TEAM HOUSE 1B ST MARY ROAD WATFORD HERTFORDSHIRE WD18 0EE 28 May 2025
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SM GLOBALLY SORTED LTD Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,385 
2,290 
Current assets
Cash at bank and in hand
16,100 
13,500 
Creditors: amounts falling due within one year
(8,500)
(10,835)
Net current assets
7,600 
2,665 
Net assets
8,985 
4,955 
Capital and reserves
Called up share capital
100 
100 
Capital contribution reserve
26,755 
28,845 
Profit and loss account
(17,870)
(23,990)
Shareholders' funds
8,985 
4,955 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 May 2025 and were signed on its behalf by
SALIM MBYE Director Company Registration No. SC706653
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SM GLOBALLY SORTED LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
SM GLOBALLY SORTED LTD is a private company, limited by shares, registered in Scotland, registration number SC706653. The registered office is 141/6 LOCHEND ROAD, EDINBURGH, EH7 6ES, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
4 YEARS
Computer equipment
4 YEARS
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
2,400 
1,700 
4,100 
At 31 August 2024
2,400 
1,700 
4,100 
Depreciation
At 1 September 2023
960 
850 
1,810 
Charge for the year
480 
425 
905 
At 31 August 2024
1,440 
1,275 
2,715 
Net book value
At 31 August 2024
960 
425 
1,385 
At 31 August 2023
1,440 
850 
2,290 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,500 
10,835 
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SM GLOBALLY SORTED LTD Notes to the Accounts for the year ended 31 August 2024
6
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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