SM TEST SOLUTIONS LTD


Director	Stephen Mitchell


Registered Address	11 Scott Path
	Glenrothes
	KY6 1AH


Registered Number	SC661034 (Scotland)

Balance Sheet as at
31 May 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,346		1,404
			1,346		1,404
Current assets
Stocks		6,279		-
Debtors	4	494		206
Cash at bank and on hand		50,209		71,073
		56,982		71,279
Creditors amounts falling due within one year	5	(21,485)		(18,597)
Net current assets (liabilities)			35,497		52,682
Total assets less current liabilities			36,843		54,086
Provisions for liabilities			(256)		(271)
Net assets			36,587		53,815
Capital and reserves
Called up share capital			10		10
Profit and loss account			36,577		53,805
Shareholders' funds			36,587		53,815

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 22 September 2025, and are signed on its behalf by:

Stephen Mitchell
Director
Registered Company No. SC661034

SM TEST SOLUTIONS LTD

Notes to the Financial Statements
for the year ended 31 May 2025

1.	Accounting policies

	Statutory information
	SM Test Solutions Ltd is a private company, limited by shares, registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The 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 policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting 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.

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.

	Tangible fixed assets and depreciation
	Fixed assets are stated at cost, being purchase price, less accumulated depreciation.


		Reducing balance (%)
	Plant and machinery	25
	Office Equipment	25

	Stocks and work in progress
	Stock and work in progress are valued at the lower of cost and net realisable value.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 June 24	2,527	1,975	4,502
Additions	321	-	321
At 31 May 25	2,848	1,975	4,823
Depreciation and impairment
At 01 June 24	1,197	1,901	3,098
Charge for year	361	18	379
At 31 May 25	1,558	1,919	3,477
Net book value
At 31 May 25	1,290	56	1,346
At 31 May 24	1,330	74	1,404

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	112	45
Prepayments and accrued income	382	161
Total	494	206

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	4,179	10,104
Other creditors	15,907	7,209
Accrued liabilities and deferred income	1,399	1,284
Total	21,485	18,597