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
SM GLOBALLY SORTED LTD
Company Information
for the year ended 31 August 2024
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
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
SM GLOBALLY SORTED LTD
Statement of financial position
as at 31 August 2024
Tangible assets
1,385
2,290
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
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
SM GLOBALLY SORTED LTD
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
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
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).