H.MARTIN SMITH & CO. LIMITED |
Registered Number:04485669 |
For the year ended 31 July 2022
England and Wales
Unaudited Financial Statements
H.MARTIN SMITH & CO. LIMITED
Statement of Financial Position
2021
2022
2,150
4,575
2
Property, plant and equipment |
309
456
3
2,459
5,031
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
100
100
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. |
31 Pen Y Fan Close
Libanus
Powys
LD3 8EJ
The presentation currency is £ sterling. |
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: |
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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For the year ended 31 July 2022
H.MARTIN SMITH & CO. LIMITED
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
25,000
25,000
20,425
2,425
Charge for year
22,850
2,150
4,575
3. Property, plant and equipment |
4,212
4,212
Provision for depreciation and impairment |
3,756
Charge for year
147
3,903
309
456
4. Trade and other receivables |
2021
2022
475
750
-
225
975
475
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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
-
1
Taxation and social security |
893
1,117
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 |
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. |
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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