S.M.M.S. Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: SC213805 (Scotland)

S.M.M.S. Ltd.

Financial Statements For The Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs L C W Milne

SECRETARY:

Mr S G Milne

REGISTERED OFFICE:

20 Glen Elgin Drive

Elgin

Moray

IV30 6JH

REGISTERED NUMBER:

SC213805 (Scotland)

ACCOUNTANTS:

The Long Partnership

4 North Guildry Street

Elgin

Moray

IV30 1JR

BANKERS:

Bank of Scotland

90 High Street

Elgin

Moray

IV30 1BJ

CURRENT ASSETS

Cash at bank

4,861

4,207

CREDITORS

Amounts falling due within one year

4

6,633

7,021

NET CURRENT LIABILITIES

(1,772

)

(2,814

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,772

)

(2,814

)

CAPITAL AND RESERVES

Called up share capital

5

210

Retained earnings

6

(1,982

)

(3,024

)

SHAREHOLDERS' FUNDS

(1,772

)

(2,814

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 29 September 2025 and were signed by:

Mrs L C W Milne - Director

1.	STATUTORY INFORMATION

S.M.M.S. 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.

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.

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.

Going concern

The company's liabilities exceed its assets by £1,772, this includes amounts owed by the company to the director totalling £5,991. The director has confirmed that they will maintain financial support to enable the company to meet its day to day working capital requirements and to continue normal operations for the foreseeable future. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Other creditors

6,633

7,021

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal Value:

31.12.24

31.12.23

160

Ordinary

1

160

40

A Ordinary

1

40

5

A Ordinary

1

5

B Ordinary

1

5

210

6.

RESERVES

Retained

earnings

£

At 1 January 2024

(3,024

)

Profit for the year

1,042

At 31 December 2024

(1,982

)

7.	RELATED PARTY DISCLOSURES

During the year the company provided services amounting to £7,200 (2023 £7,200) to Milne Elgin Ltd a company in which one of the participators has an interest. At 31 December 2023 and 31 December 2024 the company was owed £Nil by Milne Elgin Ltd.

During the year the company provided services amounting to £7,200 (2023 £7,200) to The Milne Pension Plan a company in which one of the participators has an interest. At 31 December 2023 and 31 December 2024 the company was owed £Nil by The Milne Pension Plan.

At 31 December 2023 and 31 December 2024 the company owed £5,991 to the director. This loan is interest free and has no fixed terms of repayment.