SMC PREMIER GROUP LIMITED

Company Registration Number:
06541077 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

SMC PREMIER GROUP LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

SMC PREMIER GROUP LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Intangible assets: 3 103,500 120,750
Tangible assets: 4 180,298 261,659
Total fixed assets: 283,798 382,409
Current assets
Debtors: 5 1,022,517 845,590
Cash at bank and in hand: 269,256 350,155
Total current assets: 1,291,773 1,195,745
Creditors: amounts falling due within one year: 6 (1,181,586) (981,936)
Net current assets (liabilities): 110,187 213,809
Total assets less current liabilities: 393,985 596,218
Provision for liabilities: (35,326) (49,817)
Total net assets (liabilities): 358,659 546,401
Capital and reserves
Called up share capital: 335,445 335,445
Profit and loss account: 23,214 210,956
Shareholders funds: 358,659 546,401

The notes form part of these financial statements

SMC PREMIER GROUP LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 17 September 2025
and signed on behalf of the board by:

Name: Mrs M Byrne
Status: Director

The notes form part of these financial statements

SMC PREMIER GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets and depreciation policy

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Land and buildings - 15% straight line Plant and machinery - 20% straight line Motor vehicles - 25% reducing balance Fixtures and fittings - 33% straight line

Intangible fixed assets and amortisation policy

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of 20 years

Valuation and information policy

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

Other accounting policies

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.

SMC PREMIER GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 315 294

SMC PREMIER GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Intangible Assets

Total
Cost £
At 01 January 2024 345,000
At 31 December 2024 345,000
Amortisation
At 01 January 2024 224,250
Charge for year 17,250
At 31 December 2024 241,500
Net book value
At 31 December 2024 103,500
At 31 December 2023 120,750

SMC PREMIER GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible Assets

Total
Cost £
At 01 January 2024 763,406
Additions 35,931
At 31 December 2024 799,337
Depreciation
At 01 January 2024 501,747
Charge for year 117,292
At 31 December 2024 619,039
Net book value
At 31 December 2024 180,298
At 31 December 2023 261,659

SMC PREMIER GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Debtors

Trade debtors £371,455 (2023: £302,550) Amounts owed by group undertakings and participating interests £407,090 (2023: £373,845) Other debtors £243,972 (2023: £169,195)

SMC PREMIER GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Creditors: amounts falling due within one year note

Trade creditors £173,486 (2023: £136,797) Taxation and social security £223,632 (2023: £169,571) Other creditors £784,468 (2023: £675,568)

SMC PREMIER GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Financial commitments

At 31 December 2024 the company had annual commitments under non-cancellable opertating leases as set out below: Operating leases which expire: Within 1 year £7,357 (2023: nil) Within 2 to 5 years £2,508 (2023: £20,298)