SME INSIGHT GROUP LTD Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09715824

SME INSIGHT GROUP LTD

Filleted Unaudited Accounts

31 December 2024

SME INSIGHT GROUP LTD

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	–	638

Current assets

Debtors	6	511,093	407,499
Cash at bank and in hand		32,606	970
		---------	---------
		543,699	408,469

Creditors: amounts falling due within one year	7	231,783	207,765
		---------	---------
Net current assets		311,916	200,704
		---------	---------
Total assets less current liabilities		311,916	201,342
		---------	---------
Net assets		311,916	201,342
		---------	---------

Capital and reserves

Called up share capital	8	6,187	6,187
Share premium account		210,795	210,795
Profit and loss account		94,934	( 15,640)
		---------	---------
Shareholders funds		311,916	201,342
		---------	---------

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .

SME INSIGHT GROUP LTD

Statement of Financial Position (continued)

31 December 2024

These accounts were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

S Paillet
Director

Company registration number: 09715824

SME INSIGHT GROUP LTD

Notes to the Accounts

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange street, Haymarket, London, WC2H 7DQ.

2. Statement of compliance

These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The accounts are prepared in sterling, which is the functional currency of the entity.

Going concern

In the opinion of the directors the company is a going concern as it has the financial resources to continue trading and to meet its ongoing trading obligations. As such, the accounts are prepared on the going concern basis.

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Computer equipment	-	33% straight line

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2023: 1 ).

5. Tangible assets

	Computer equipment
	£
Cost
At 1 January 2024	739
Disposals	( 739)
	----
At 31 December 2024	–
	----
Depreciation
At 1 January 2024	101
Disposals	( 101)
	----
At 31 December 2024	–
	----
Carrying amount
At 31 December 2024	–
	----
At 31 December 2023	638
	----

6. Debtors

	2024	2023
	£	£
Trade debtors	125,520	–
Amounts owed by group undertakings and undertakings in which the company has a participating interest	385,573	403,781
Other debtors	–	3,718
	---------	---------
	511,093	407,499
	---------	---------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	6,682	65
Social security and other taxes	41,777	21,653
Other creditors	183,324	186,047
	---------	---------
	231,783	207,765
	---------	---------

8. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	6,187	6,187	6,187	6,187
	-------	-------	-------	-------

9. Related party transactions

Throughout the year the company continued to provide a short term advance to its parent company Groupe Smart Ratings SAS, a company incorporated in France. At the balance sheet date the company was owed £385,573 (2023: £403,781). No interest is charged and in the absence of any formal terms of recovery the debt is reported in short term other debtors. No other related party transactions or balances are required to be disclosed in accordance with FRS 102 Section 1A.

10. Controlling party

The ultimate controlling party is Groupe Smart Ratings SAS , whose registered office is 86 rue Notre-Dame de Nazareth, 75003 Paris.