S.M.G. Management Services Limited

(Registration number: 02496010) (England and Wales)
Balance Sheet as at 31 March 2026

	Note	2026 £	2024 £
Fixed assets
Tangible assets	4	-	1,103
Current assets
Cash at bank and in hand		100	6,077
Creditors: Amounts falling due within one year	5	-	(1,329)
Net current assets		100	4,748
Net assets		100	5,851
Capital and reserves
Called up share capital	6	100	100
Retained earnings		-	5,751
Shareholders' funds		100	5,851

For the financial period ending 31 March 2026 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 financial statements for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

The financial statements were approved and authorised for issue by the director on 16 April 2026
 

......................................... Mr S M Glynne Director

S.M.G. Management Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2025 to 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Pank Avenue
New Barnet
Herts
EN5 1NF
United Kingdom

These financial statements were authorised for issue by the director on 16 April 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional and presentational currency is GBP Sterling (£), being the currency of the primary economic environment in which the company operates in. The amounts are presented rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

S.M.G. Management Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2025 to 31 March 2026 (continued)

2	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture and office equipment	15% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average monthly number of persons employed by the company (including the director) during the period, was 1 (2024: 1).

S.M.G. Management Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2025 to 31 March 2026 (continued)

4	Tangible assets

	Furniture, fittings and equipment  £
Cost or valuation
At 1 January 2025	18,732
At 31 March 2026	18,732
Depreciation
At 1 January 2025	17,629
Charge for the period	1,103
At 31 March 2026	18,732
Carrying amount
At 31 March 2026	-
At 31 December 2024	1,103

5

Creditors

Creditors: amounts falling due within one year

	2026 £	2024 £
Due within one year
Accruals and deferred income	-	960
Directors current account	-	369
	-	1,329

6	Share capital

Allotted, called up and fully paid shares

	2026		2024
	No.	£	No.	£
Ordinary share capital of £1 each	100	100	100	100