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REGISTERED NUMBER: 04903048 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

SMS AUTO CARE LIMITED

SMS AUTO CARE LIMITED (REGISTERED NUMBER: 04903048)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SMS AUTO CARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: M R Leggett
D A Smith





REGISTERED OFFICE: Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD





REGISTERED NUMBER: 04903048 (England and Wales)





ACCOUNTANTS: Juler Tooke
Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD

SMS AUTO CARE LIMITED (REGISTERED NUMBER: 04903048)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 27,470 33,045

CURRENT ASSETS
Stocks 15,977 13,526
Debtors 5 21,189 12,270
Cash at bank and in hand 94,861 46,441
132,027 72,237
CREDITORS
Amounts falling due within one year 6 (83,040 ) (46,615 )
NET CURRENT ASSETS 48,987 25,622
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,457

58,667

CREDITORS
Amounts falling due after more than one
year

7

(11,667

)

(18,667

)

PROVISIONS FOR LIABILITIES (6,356 ) (6,164 )
NET ASSETS 58,434 33,836

CAPITAL AND RESERVES
Called up share capital 8 152 152
Retained earnings 9 58,282 33,684
SHAREHOLDERS' FUNDS 58,434 33,836

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SMS AUTO CARE LIMITED (REGISTERED NUMBER: 04903048)

BALANCE SHEET - continued
30 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:





M R Leggett - Director


SMS AUTO CARE LIMITED (REGISTERED NUMBER: 04903048)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

SMS Auto Care Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 20% on reducing balance, 15% on reducing balance and in accordance with the property

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

SMS AUTO CARE LIMITED (REGISTERED NUMBER: 04903048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 751 92,180 92,931
Additions - 1,279 1,279
At 30 September 2024 751 93,459 94,210
DEPRECIATION
At 1 October 2023 748 59,138 59,886
Charge for year 1 6,853 6,854
At 30 September 2024 749 65,991 66,740
NET BOOK VALUE
At 30 September 2024 2 27,468 27,470
At 30 September 2023 3 33,042 33,045

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 16,473 7,554
Other debtors 4,716 4,716
21,189 12,270

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 27,335 28,180
Taxation and social security 41,366 15,354
Other creditors 14,339 3,081
83,040 46,615

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Other creditors 11,667 18,667

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
150 Ordinary "A" £1 150 150
2 Ordinary "B", "C" & "D" £1 2 2
152 152

SMS AUTO CARE LIMITED (REGISTERED NUMBER: 04903048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. RESERVES
Retained
earnings
£   

At 1 October 2023 33,684
Profit for the year 79,598
Dividends (55,000 )
At 30 September 2024 58,282

10. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr M Leggett and Mr D Smith as holders of the share capital throughout
the current and previous year.
The company operates a Loan account with the Directors and the balance as at 30 September 2024 was £14,339 (30 September 2023 was £3,081).