REGISTERED NUMBER: 09525123 (England and Wales)

Soter SMS Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Director:

D G Kemp

Registered office:

68 Common Road

Hemsby

Great Yarmouth

Norfolk

NR29 4NA

Registered number:

09525123 (England and Wales)

Accountants:

Fairhead Bradford

5 Queen Street

Great Yarmouth

Norfolk

NR30 2QP

Fixed assets

Intangible assets

4

66

101

Tangible assets

5

20,068

12,892

20,134

12,993

Current assets

Debtors

6

69,108

5,532

Cash at bank

4,895

2,436

74,003

7,968

Creditors

Amounts falling due within one year

7

33,962

5,489

Net current assets

40,041

2,479

Total assets less current liabilities

60,175

15,472

Creditors

Amounts falling due after more than one year

8

(796

)

(4,428

)

Provisions for liabilities

(3,813

)

(1,469

)

Net assets

55,566

9,575

Capital and reserves

Called up share capital

100

100

Retained earnings

55,466

9,475

55,566

9,575

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 23 December 2025 and were signed by:

D G Kemp - Director

1.	Statutory information

Soter SMS 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover represents revenue earned under a variety of contracts to provide services.

Revenue is recognised as earned when, and to the extent that, the company earns the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to customers, including expenses and disbursements but excluding value added tax.

Revenue is recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts, the amount of revenue reflects the accrual for the right to consideration by reference to the value of work performed. Revenue not billed to customers in included in trade debtors.

Sales income that is contingent on events outside the control of the company are recognised when the contingent event occurs.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Vehicle registration plate are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures, fittings and equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Financial instruments

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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3.	Employees and directors

The average number of employees during the year was 1 (2024 - 1 ) .

4.	Intangible fixed assets

Vehicle

registration

plate

£

Cost

At 1 April 2024

and 31 March 2025

346

Amortisation

At 1 April 2024

245

Amortisation for year

35

At 31 March 2025

280

Net book value

At 31 March 2025

66

At 31 March 2024

101

5.	Tangible fixed assets

Fixtures,

fittings

Plant and

and

Motor

machinery

equipment

vehicles

Totals

£

£

£

£

Cost

At 1 April 2024

13,119

6,489

35,000

54,608

Additions

-

2,058

18,095

20,153

Disposals

(13,119

)

(6,489

)

(35,000

)

(54,608

)

At 31 March 2025

-

2,058

18,095

20,153

Depreciation

At 1 April 2024

10,045

5,439

26,232

41,716

Charge for year

-

85

90

175

Eliminated on disposal

(10,045

)

(5,439

)

(26,322

)

(41,806

)

At 31 March 2025

-

85

-

85

Net book value

At 31 March 2025

-

1,973

18,095

20,068

At 31 March 2024

3,074

1,050

8,768

12,892

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

Cost

At 1 April 2024

35,000

Transfer to ownership

(35,000

)

At 31 March 2025

-

Depreciation

At 1 April 2024

26,232

Charge for year

90

Transfer to ownership

(26,322

)

At 31 March 2025

-

Net book value

At 31 March 2025

-

At 31 March 2024

8,768

6.

Debtors: amounts falling due within one year

31/3/25

31/3/24

£

£

Trade debtors

65,280

-

Other debtors

3,828

5,532

69,108

5,532

7.

Creditors: amounts falling due within one year

31/3/25

31/3/24

£

£

Bank loans and overdrafts

3,560

3,560

Hire purchase contracts

-

1,209

Trade creditors

10,745

-

Taxation and social security

18,493

-

Other creditors

1,164

720

33,962

5,489

8.

Creditors: amounts falling due after more than one year

31/3/25

31/3/24

£

£

Bank loans

796

4,428

9.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31/3/25

31/3/24

£

£

D G Kemp

Balance outstanding at start of year

3,334

(5,590

)

Amounts advanced

10,900

22,250

Amounts repaid

(10,862

)

(13,326

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,372

3,334