SMC Gateway Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12198140 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

10 SEPTEMBER 2019 TO 30 JUNE 2020

FOR

SMC GATEWAY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs J. Y Diamond

REGISTERED OFFICE:

SM House School Close

Chandlers Ford Industrial Estate

Eastleigh

Hampshire

SO53 4BY

REGISTERED NUMBER:

12198140 (England and Wales)

AUDITORS:

Martin and Company

Audit Limited

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

CURRENT ASSETS

Debtors

4

30,657

Cash at bank

8,482

39,139

CREDITORS

Amounts falling due within one year

5

39,119

NET CURRENT ASSETS

20

TOTAL ASSETS LESS CURRENT LIABILITIES

20

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

19

SHAREHOLDERS' FUNDS

20

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 February 2021 and were signed by:

Mrs J. Y Diamond - Director

1.	STATUTORY INFORMATION

SMC Gateway Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

30,657

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to group undertakings

37,668

Taxation and social security

1,451

39,119

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

D.J.C. Barr (Senior Statutory Auditor)

for and on behalf of Martin and Company