Registration number:
SM Property Management Solutions Ltd
for the Year Ended 31 May 2024
SM Property Management Solutions Ltd
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
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Detailed Profit and Loss Account |
SM Property Management Solutions Ltd
Company Information
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Director |
Sundip Patel |
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Registered office |
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Accountants |
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SM Property Management Solutions Ltd
(Registration number: 08057615)
Balance Sheet as at 31 May 2024
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2024 |
2023 |
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Fixed assets |
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Current assets |
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Prepayments and accrued income |
- |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Accruals and deferred income |
( |
( |
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Capital and reserves |
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General information |
The company is a private company limited by share capital, incorporated in England & Wales .
The address of its registered office is:
England
These financial statements were authorised for issue by the
Basis of preparation
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).
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
SM Property Management Solutions Ltd
(Registration number: 08057615)
Balance Sheet as at 31 May 2024
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Related party transactions |
During the year company made the following related party transactions:
(Director)
At the balance sheet date the amount due to the director was £23,255 (2023 was £514).
For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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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 micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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
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SM Property Management Solutions Ltd
Detailed Profit and Loss Account for the Year Ended 31 May 2024
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2024 |
2023 |
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Turnover (analysed below) |
321,356 |
309,567 |
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Cost of sales (analysed below) |
(227,311) |
(120,696) |
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Gross profit |
94,045 |
188,871 |
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Gross profit (%) |
29.27% |
61.01% |
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Administrative expenses |
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Employment costs (analysed below) |
(24,985) |
(13,824) |
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Establishment costs (analysed below) |
(7,383) |
(1,428) |
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General administrative expenses (analysed below) |
(37,941) |
(28,114) |
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Finance charges (analysed below) |
(735) |
(894) |
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Depreciation costs (analysed below) |
(1,826) |
(1,825) |
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(72,870) |
(46,085) |
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Operating profit |
21,175 |
142,786 |
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Interest payable and similar expenses (analysed below) |
(3,405) |
(1,898) |
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Profit before tax |
17,770 |
140,888 |
SM Property Management Solutions Ltd
Detailed Profit and Loss Account for the Year Ended 31 May 2024
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2024 |
2023 |
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Turnover |
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Sale of goods, UK |
321,337 |
309,565 |
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Other revenue |
19 |
2 |
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321,356 |
309,567 |
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Cost of sales |
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Purchases - COS |
(141,989) |
(24,664) |
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Subcontract cost - COS |
(85,322) |
(96,032) |
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(227,311) |
(120,696) |
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Employment costs |
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Directors remuneration - admin |
(9,678) |
(9,100) |
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Directors pensions (Defined contribution) - admin |
(3,600) |
(3,600) |
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Staff training |
(9,928) |
- |
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Travelling - admin |
(1,779) |
(1,124) |
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(24,985) |
(13,824) |
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Establishment costs |
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Light, heat and power |
(112) |
- |
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Insurance - admin |
(3,637) |
(1,116) |
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Use of home as office - admin |
(312) |
(312) |
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Repairs and maintenance - admin |
(3,322) |
- |
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(7,383) |
(1,428) |
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General administrative expenses |
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Telephone and fax - admin |
(1,776) |
(1,436) |
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Computer software and maintenance costs - admin |
(865) |
(851) |
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Printing, postage and stationery - admin |
(1,396) |
(146) |
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Trade subscriptions - admin |
(209) |
(71) |
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Charitable donations - admin |
(447) |
(70) |
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Hire of plant and machinery (Operating leases) - admin |
- |
(1,092) |
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Sundry expenses - admin |
- |
(1,267) |
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Cleaning - admin |
(4,423) |
(1,250) |
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Management charges payable - admin |
(4,493) |
(2,460) |
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Motor expenses - admin |
(3,407) |
(1,801) |
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Travel and subsistence - admin |
(2,350) |
(2,302) |
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Advertising - admin |
(6) |
(590) |
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Customer entertaining (disallowable for tax) - admin |
(10,301) |
(7,253) |
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Accountancy fees - admin |
(4,500) |
(2,400) |
SM Property Management Solutions Ltd
Detailed Profit and Loss Account for the Year Ended 31 May 2024
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2024 |
2023 |
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Legal and professional fees - admin |
(3,288) |
(1,100) |
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Fines and penalties- admin |
(480) |
(125) |
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Bad debts written off - admin |
- |
(3,900) |
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(37,941) |
(28,114) |
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Finance charges |
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Bank charges - admin |
(735) |
(894) |
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Depreciation costs |
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Depreciation of plant and machinery (owned) - admin |
(1,826) |
(279) |
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Depreciation of office equipment (owned) - admin |
- |
(1,546) |
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(1,826) |
(1,825) |
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Interest payable and similar expenses |
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Bank loan interest payable |
(3,405) |
(1,898) |