Company Registration No. 10201024 (England and Wales)
S M G VENTURES LTD
Unaudited accounts
for the year ended 25 May 2021
S M G VENTURES LTD
Unaudited accounts
Contents
S M G VENTURES LTD
Company Information
for the year ended 25 May 2021
Director
Syed Shahrukh Gilani
Company Number
10201024 (England and Wales)
Registered Office
23 QUARMBY ROAD
HUDDERSFIELD
HD3 4HQ
ENGLAND
Accountants
Myrtle Gund Accountants
248 Lockwood road
Huddersfield
HD1 3TG
S M G VENTURES LTD
Statement of financial position
as at
25 May 2021
Tangible assets
184,800
-
Cash at bank and in hand
18,181
716
Creditors: amounts falling due within one year
(23,281)
(2,617)
Net current (liabilities)/assets
(5,100)
3,099
Total assets less current liabilities
179,700
3,099
Creditors: amounts falling due after more than one year
(142,920)
-
Called up share capital
100
100
Profit and loss account
36,680
2,999
Shareholders' funds
36,780
3,099
For the year ending 25 May 2021 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 June 2021 and were signed on its behalf by
Syed Shahrukh Gilani
Director
Company Registration No. 10201024
S M G VENTURES LTD
Notes to the Accounts
for the year ended 25 May 2021
S M G VENTURES LTD is a private company, limited by shares, registered in England and Wales, registration number 10201024. The registered office is 23 QUARMBY ROAD, HUDDERSFIELD, HD3 4HQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Cost or valuation
At cost
5
Debtors: amounts falling due within one year
2021
2020
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
7,901
704
Other creditors
15,380
1,913
S M G VENTURES LTD
Notes to the Accounts
for the year ended 25 May 2021
7
Creditors: amounts falling due after more than one year
2021
2020
Loans from directors
142,920
-
8
Average number of employees
During the year the average number of employees was 0 (2020: 0).