REGISTERED NUMBER: 01093320 (England and Wales)

Financial Statements

for the Period 1 July 2023 to 31 December 2024

for

SMGB Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr E C Walton

Mr C P Palmer-Smith

REGISTERED OFFICE:

Dukeries Industrial Estate

Claylands Avenue

WORKSOP

Nottinghamshire

S81 7BQ

REGISTERED NUMBER:

01093320 (England and Wales)

AUDITORS:

Nicholsons Audit (Statutory Auditor)

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

FIXED ASSETS

Tangible assets

4

-

3,071

CURRENT ASSETS

Stocks

435,628

-

Debtors

1,652,728

2,676,066

Cash at bank and in hand

197,834

26,342

2,286,190

2,702,408

CREDITORS

Amounts falling due within one year

103,030

662,465

NET CURRENT ASSETS

2,183,160

2,039,943

TOTAL ASSETS LESS CURRENT LIABILITIES

2,183,160

2,043,014

PROVISIONS FOR LIABILITIES

-

768

NET ASSETS

2,183,160

2,042,246

CAPITAL AND RESERVES

Called up share capital

18,000

18,000

Retained earnings

2,165,160

2,024,246

SHAREHOLDERS' FUNDS

2,183,160

2,042,246

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

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 September 2025 and were signed on its behalf by:

Mr E C Walton - Director

1.	STATUTORY INFORMATION

SMGB 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 consists mainly of internet sales which are measured net of discount, rebates, deductions for actual or expected returns and sales taxes. Sales are recognised upon dispatch from the warehouse at which point the risk of ownership passes to third parties.

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 etc

-

25% on cost

Stocks

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

Financial instruments

Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

Taxation

Taxation for the period 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 period 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Accounting period change

The previous accounting period was changed from 30 November to 30 June to tie in with the group year end. Therefore the comparative period covers 7 months and so is not directly comparable to the year to 30 June 2023 which was also prepared under FRS 102 (1A).

Operating leases

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2023

and 31 December 2024

68,243

DEPRECIATION

At 1 July 2023

65,172

Charge for period

3,071

At 31 December 2024

68,243

NET BOOK VALUE

At 31 December 2024

-

At 30 June 2023

3,071

5.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Joanne Brown (Senior Statutory Auditor)

for and on behalf of Nicholsons Audit (Statutory Auditor)

6.	CONTINGENT LIABILITIES

The directors believe that, as in the past, a future liability may arise due to the 10 year guarantee given on the sheds sold. This claim may be for repair or replacement and they consider a contingent liability may arise of approximately £50,000. No provision has been made in the accounts for this.

7.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Group accounts can be obtained from:

Kybotech Group Limited

Dukeries Industrial Estate,

Claylands Avenue,

WORKSOP,

Nottinghamshire,

S81 7BQ