2021-08-01 04485669 2022-07-31 04485669 2021-08-01 2022-07-31 04485669 2021-07-31 04485669 2020-08-01 2021-07-31 04485669 uk-core:WithinOneYear 2021-07-31 04485669 uk-core:WithinOneYear 2022-07-31 04485669 uk-core:ShareCapital 2022-07-31 04485669 uk-core:ShareCapital 2021-07-31 04485669 uk-core:RetainedEarningsAccumulatedLosses 2022-07-31 04485669 uk-core:RetainedEarningsAccumulatedLosses 2021-07-31 04485669 uk-bus:Director1 2021-08-01 2022-07-31 04485669 uk-core:ToolsEquipment 2021-08-01 2022-07-31 04485669 uk-core:Goodwill 2021-07-31 04485669 uk-core:Goodwill 2022-07-31 04485669 uk-core:Goodwill 2021-08-01 2022-07-31 iso4217:GBP xbrli:pure 04485669 uk-bus:AuditExempt-NoAccountantsReport 2021-08-01 2022-07-31 04485669 uk-bus:FRS102 2021-08-01 2022-07-31 04485669 uk-bus:FullAccounts 2021-08-01 2022-07-31 04485669 uk-bus:PrivateLimitedCompanyLtd 2021-08-01 2022-07-31
H.MARTIN SMITH & CO. LIMITED
Registered Number:04485669
For the year ended 31 July 2022
England and Wales
Unaudited Financial Statements
2
Registered Number :
04485669
As at 31 July 2022
H.MARTIN SMITH & CO. LIMITED
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Intangible assets
2,150
4,575
2
Property, plant and equipment
309
456
3
2,459
5,031
Current assets
Trade and other receivables
975
475
4
17,523
Cash and cash equivalents
16,071
16,546
18,498
Trade and other payables: amounts falling due within one year
(5,709)
(2,509)
5
12,789
14,037
Net current assets
Total assets less current liabilities
16,496
17,820
16,496
Net assets
17,820
Capital and reserves
Called up share capital
100
100
Retained earnings
16,396
17,720
16,496
17,820
Shareholders' funds
For the year ended 31 July 2022 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 of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Hugh Martin Smith Director
These financial statements were approved and authorised for issue by the Board on 31 August 2022 and were signed by:
The notes form part of these financial statements
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For the year ended 31 July 2022
H.MARTIN SMITH & CO. LIMITED
Notes to the Financial Statements
Statutory Information
H.MARTIN SMITH & CO. LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04485669.
Registered address:
31 Pen Y Fan Close
Libanus
Powys
LD3 8EJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets.
Revenue recognition
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Straight line
Computer equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date where considered to be material.
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4
For the year ended 31 July 2022
H.MARTIN SMITH & CO. LIMITED
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 August 2021
25,000
At 31 July 2022
25,000
Amortisation
At 01 August 2021
20,425
2,425
Charge for year
At 31 July 2022
22,850
Net book value
At 31 July 2022
2,150
At 31 July 2021
4,575
3. Property, plant and equipment
Plant and
machinery
£
Cost or valuation
At 01 August 2021
4,212
At 31 July 2022
4,212
Provision for depreciation and impairment
At 01 August 2021
3,756
Charge for year
147
At 31 July 2022
3,903
At 31 July 2022
Net book value
309
At 31 July 2021
456
4. Trade and other receivables
2021
2022
£
£
Trade debtors
475
750
Other debtors
-
225
975
475
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5
For the year ended 31 July 2022
H.MARTIN SMITH & CO. LIMITED
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Trade creditors
-
1
Taxation and social security
893
1,117
Other creditors
1,616
4,591
2,509
5,709
6. Related party transactions
Material interests of directors
The goodwill was acquired from H.Martin Smith & Co.
During the year the company has charged £2,400 (2021 £2,400) to H.Martin Smith & Co. for the use of computer and office
equipment.
Administration costs of £500 have been charged by H.Martin Smith & Co. In 2021 H.Martin Smith & Co charged £700.
H.Martin Smith & Co. is an unincorporated company controlled by the sole director and shareholder Mr.Hugh Martin Smith.
Controlling party
Hugh Martin Smith holds all the share capital and controls the company.
7. Average number of persons employed
During the year the average number of employees was 1 (2021 : 1)
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