Registered number
13313100
SME Solutions Group Limited
Filleted Accounts
31 July 2024

SME Solutions Group Limited
Registered number: | 13313100
Balance Sheet
as at 31 July 2024
Notes |  |  | 2024 |  |  | 2023
£ | £
Fixed assets
Tangible assets | 3 |  |  | 4,160 |  |  | 5,200
Current assets
Debtors | 4 |  | 234,207 |  |  | 276,737
Cash at bank and in hand |  |  | 151 |  |  | 25,459
|  |  | 234,358 |  |  | 302,196
Creditors: amounts falling due within one year | 5 |  | (18,925) |  |  | (55,391)
Net current assets |  |  |  | 215,433 |  |  | 246,805
Total assets less current liabilities |  |  |  | 219,593 |  |  | 252,005
Creditors: amounts falling due after more than one year | 6 |  |  | (32,736) |  |  | (60,932)
Provisions for liabilities |  |  |  | - |  |  | (1,711)
Net assets |  |  |  | 186,857 |  |  | 189,362
Capital and reserves
Called up share capital |  |  |  | 100 |  |  | 100
Profit and loss account |  |  |  | 186,757 |  |  | 189,262
Shareholders' funds |  |  |  | 186,857 |  |  | 189,362
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Paul McPherson
Director
Approved by the board on 7 January 2026

SME Solutions Group Limited
Notes to the Accounts
for the year ended 31 July 2024
1 | Accounting policies
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Freehold buildings | over 50 years
| Leasehold land and buildings | over the lease term
| Plant and machinery | over 5 years
| Fixtures, fittings, tools and equipment | over 5 years
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 | Employees | 2024 |  | 2023
Number | Number
| Average number of persons employed by the company | 0 |  | 6
3 | Tangible fixed assets
|  |  |  |  |  |  |  | Plant and machinery etc
£
| Cost
| At 1 August 2023 | 6,500
| At 31 July 2024 | 6,500
| Depreciation
| At 1 August 2023 | 1,300
| Charge for the year | 1,040
| At 31 July 2024 | 2,340
| Net book value
| At 31 July 2024 | 4,160
| At 31 July 2023 | 5,200
4 | Debtors | 2024 |  | 2023
£ | £
| Trade debtors | - |  | 25,194
| Amounts owed by group undertakings and undertakings in which the company has a participating interest |  | 232,040 |  | 247,015
| Other debtors | 2,167 |  | 4,528
|  |  |  |  |  | 234,207 |  | 276,737
5 | Creditors: amounts falling due within one year | 2024 |  | 2023
£ | £
| Bank loans and overdrafts | - |  | 13,136
| Taxation and social security costs | 18,068 |  | 36,757
| Other creditors | 857 |  | 5,498
|  |  |  |  |  | 18,925 |  | 55,391
6 | Creditors: amounts falling due after one year | 2024 |  | 2023
£ | £
| Bank loans | 32,736 |  | 60,932
7 | Controlling party
| Paul McPherson holds the majority shareholding of the company, holding 98 of the 100 shares.
8 | Other information
| SME Solutions Group Limited is a private company limited by shares and incorporated in England. Its registered office is:
| The Old Coach House
| Pen-Y-Maes Road
| Holywell
| Wales
| CH8 7HH

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