SMG CARS LIMITED

Company Registration Number:
05416510 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2026

Period of accounts

Start date: 01 May 2025

End date: 30 April 2026

SMG CARS LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2026

Balance sheet
Notes

SMG CARS LIMITED

Balance sheet

As at 30 April 2026


Notes
2026
2025


£
£
Fixed assets
Tangible assets: 3 212,714 213,255
Total fixed assets: 212,714 213,255
Current assets
Stocks: 202,625 313,809
Debtors:   0 12,500
Cash at bank and in hand: 3,717 2,231
Total current assets: 206,342 328,540
Creditors: amounts falling due within one year:   (428,900) (710,820)
Net current assets (liabilities): (222,558) (382,280)
Total assets less current liabilities: (9,844) (169,025)
Total net assets (liabilities): (9,844) (169,025)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (9,845) (169,026)
Shareholders funds: (9,844) (169,025)

The notes form part of these financial statements

SMG CARS LIMITED

Balance sheet statements

For the year ending 30 April 2026 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 08 July 2026
and signed on behalf of the board by:

Name: Mark Richard Kiewra
Status: Director

The notes form part of these financial statements

SMG CARS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2026

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the invoice value of goods supplied during the year, excluding Value Added Tax, returns, and trade discounts. Revenue is recognized at the point when the significant risks and rewards of ownership have transferred to the buyer, which is generally upon the delivery of goods.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, as follows: Office Equipment – 20% reducing balance; Freehold Property – 0.25% reducing balance.

Other accounting policies

Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Cost is calculated on a first-in, first-out (FIFO) basis.

SMG CARS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2026

2. Employees

2026 2025
Average number of employees during the period 3 3

SMG CARS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2026

3. Tangible Assets

Total
Cost £
At 01 May 2025 217,543
At 30 April 2026 217,543
Depreciation
At 01 May 2025 4,288
Charge for year 541
At 30 April 2026 4,829
Net book value
At 30 April 2026 212,714
At 30 April 2025 213,255