Company registration number 02911165 (England and Wales)
SMS ACCOUNTING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
SMS ACCOUNTING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
SMS ACCOUNTING LIMITED
BALANCE SHEET
AS AT
5 APRIL 2025
05 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
91
155
91
155
Current assets
Debtors
5
2,500
3,987
Cash at bank and in hand
3,434
5,761
5,934
9,748
Creditors: amounts falling due within one year
6
(253)
(1,691)
Net current assets
5,681
8,057
Net assets
5,772
8,212
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
5,672
8,112
Total equity
5,772
8,212

For the financial year ended 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 2 April 2026
Mrs E J C Bond
Director
Company registration number 02911165 (England and Wales)
SMS ACCOUNTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
- 2 -
1
Accounting policies
Company information

SMS Accounting Limited is a private company limited by shares incorporated in England and Wales. The registered office is Henbury Gables Road, Church Crookham, Fleet, Hampshire, UK, GU52 6QZ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Revenue comprises sales of services provided to customers net of value added tax and other sales taxes. Revenue is recognised when performance obligations are satisfied and the control of services is transferred to the buyer.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
33% of cost
Computers
33% of cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments
Basic financial liabilities

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less.

SMS ACCOUNTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
1
Accounting policies
(Continued)
- 3 -
1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
SMS ACCOUNTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
- 4 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 6 April 2024 and 5 April 2025
3,602
Depreciation and impairment
At 6 April 2024
3,447
Depreciation charged in the year
64
At 5 April 2025
3,511
Carrying amount
At 5 April 2025
91
At 5 April 2024
155
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
2,500
3,987
6
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
-
0
2,454
Other taxation and social security
(2,813)
(2,813)
Other creditors
3,066
2,050
253
1,691
2025-04-05 2024-04-06 false false false 02 April 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mrs E J C Bond 02911165 2024-04-06 2025-04-05 02911165 2025-04-05 02911165 2024-04-05 02911165 core:OtherPropertyPlantEquipment 2025-04-05 02911165 core:OtherPropertyPlantEquipment 2024-04-05 02911165 core:CurrentFinancialInstruments 2025-04-05 02911165 core:CurrentFinancialInstruments 2024-04-05 02911165 core:ShareCapital 2025-04-05 02911165 core:ShareCapital 2024-04-05 02911165 core:RetainedEarningsAccumulatedLosses 2025-04-05 02911165 core:RetainedEarningsAccumulatedLosses 2024-04-05 02911165 bus:Director1 2024-04-06 2025-04-05 02911165 core:ComputerEquipment 2024-04-06 2025-04-05 02911165 2023-04-06 2024-04-05 02911165 core:OtherPropertyPlantEquipment 2024-04-05 02911165 core:OtherPropertyPlantEquipment 2024-04-06 2025-04-05 02911165 bus:PrivateLimitedCompanyLtd 2024-04-06 2025-04-05 02911165 bus:SmallCompaniesRegimeForAccounts 2024-04-06 2025-04-05 02911165 bus:FRS102 2024-04-06 2025-04-05 02911165 bus:AuditExemptWithAccountantsReport 2024-04-06 2025-04-05 02911165 bus:FullAccounts 2024-04-06 2025-04-05 xbrli:pure xbrli:shares iso4217:GBP