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REGISTERED NUMBER: 08721459 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2025

for

SMH Gas Specialist Ltd

SMH Gas Specialist Ltd (Registered number: 08721459)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SMH Gas Specialist Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTORS: S Hall
M Hall





REGISTERED OFFICE: Boston House
Grove Business Park
Downsview Road
Wantage
Oxfordshire
OX12 9FF





REGISTERED NUMBER: 08721459 (England and Wales)





ACCOUNTANTS: Webb Teasdale Accountancy Ltd
Boston House
Grove Business Park
Downsview Road
Wantage
Oxfordshire
OX12 9FF

SMH Gas Specialist Ltd (Registered number: 08721459)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 15,865 21,154
15,865 21,154

CURRENT ASSETS
Stocks 6,048 6,832
Debtors 6 6,041 3,386
Investments 7 831 118,288
Cash at bank 31,543 32,193
44,463 160,699
CREDITORS
Amounts falling due within one year 8 33,990 26,238
NET CURRENT ASSETS 10,473 134,461
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,338

155,615

PROVISIONS FOR LIABILITIES 3,789 4,488
NET ASSETS 22,549 151,127

CAPITAL AND RESERVES
Called up share capital 50 100
Capital redemption reserve 50 -
Fair value reserve 9 4,069 2,462
Retained earnings 18,380 148,565
SHAREHOLDERS' FUNDS 22,549 151,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

SMH Gas Specialist Ltd (Registered number: 08721459)

Balance Sheet - continued
31 March 2025


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 17 July 2025 and were signed on its behalf by:





M Hall - Director


SMH Gas Specialist Ltd (Registered number: 08721459)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

SMH Gas Specialist Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

SMH Gas Specialist Ltd (Registered number: 08721459)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

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 3 (2024 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 20,000
AMORTISATION
At 1 April 2024
and 31 March 2025 20,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 35,150 1,857 37,007
DEPRECIATION
At 1 April 2024 14,584 1,269 15,853
Charge for year 5,142 147 5,289
At 31 March 2025 19,726 1,416 21,142
NET BOOK VALUE
At 31 March 2025 15,424 441 15,865
At 31 March 2024 20,566 588 21,154

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 618 -
Other debtors 5,423 3,386
6,041 3,386

SMH Gas Specialist Ltd (Registered number: 08721459)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. CURRENT ASSET INVESTMENTS
2025 2024
£    £   
Unlisted investments 831 118,288

Current asset investments are carried at fair value (Market value), with fair value adjustments, income, gains and losses all reflected within the profit and loss account.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 9,179 5,254
Taxation and social security 22,630 12,396
Other creditors 2,181 8,588
33,990 26,238

9. RESERVES
Fair
value
reserve
£   
At 1 April 2024 2,462
Fair value adjustment 1,607

At 31 March 2025 4,069

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Directors loans are repayable on demand, and are interest free up to a limit of £10000 above which interest will be charged at the HMRC specified rate.

At no point during the year did the Director owe the company more than £10000 and as at 31st March 2025
the Director owed the company £4,606.98. This was repaid in July 2025.