SMP Hi-Lite Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07630773 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2023

for

SMP HI-LITE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B Slade

P J Mitchell

Dr J W S Oppenheimer

D R Jarvis

REGISTERED OFFICE:

2 Swan Road

Woolwich

London

SE18 5TT

REGISTERED NUMBER:

07630773 (England and Wales)

ACCOUNTANT:

Mani Chacko & Co. Ltd.

Chartered Certified Accountant

3 Ballards Rise

South Croydon

Surrey

CR2 7JT

FIXED ASSETS

Investments

4

2,500,056

2,500,056

CURRENT ASSETS

Cash at bank

1,295

1,295

CREDITORS

Amounts falling due within one year

5

2,501,000

2,501,000

NET CURRENT LIABILITIES

(2,499,705

)

(2,499,705

)

TOTAL ASSETS LESS CURRENT LIABILITIES

351

351

CAPITAL AND RESERVES

Called up share capital

351

351

SHAREHOLDERS' FUNDS

351

351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Board of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by:

B Slade - Director

P J Mitchell - Director

1.	STATUTORY INFORMATION

SMP Hi-Lite 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.

Investments in associates

Investments in associate undertakings are recognised at cost.

Taxation

Taxation for the year 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 year 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 year was 4 (2022 - 4 ) .

4.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 June 2022

and 31 May 2023

2,500,056

NET BOOK VALUE

At 31 May 2023

2,500,056

At 31 May 2022

2,500,056

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

SMP Group Holdings Ltd

Registered office: 2 Swan Road, Woolwich, London SE18 5TT

Nature of business: Lithographic, screen and digital printers

%

Class of shares:

holding

Ordinary

28.45

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.23

31.5.22

£

£

Amounts owed to associates

2,120,000

1,940,000

Other creditors

381,000

561,000

2,501,000

2,501,000