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REGISTERED NUMBER: 05765543 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Smiths of Bromley Limited

Smiths of Bromley Limited (Registered number: 05765543)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Smiths of Bromley Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: T Smith





SECRETARY: Mrs L Smith





REGISTERED OFFICE: First Floor Office
Westerham Garage
190 London Road
Westerham
Kent
TN16 2DJ





REGISTERED NUMBER: 05765543 (England and Wales)





ACCOUNTANTS: AFS Accountants
First Floor Office
Westerham Garage
190 London Road
Westerham
Kent
TN16 2DJ

Smiths of Bromley Limited (Registered number: 05765543)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 9,143 12,378
9,143 12,378

CURRENT ASSETS
Debtors 6 423,661 486,784
Cash at bank 300,371 100,070
724,032 586,854
CREDITORS
Amounts falling due within one year 7 201,428 208,674
NET CURRENT ASSETS 522,604 378,180
TOTAL ASSETS LESS CURRENT
LIABILITIES

531,747

390,558

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 531,647 390,458
SHAREHOLDERS' FUNDS 531,747 390,558

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

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

The director acknowledges his 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.

Smiths of Bromley Limited (Registered number: 05765543)

Balance Sheet - continued
31 March 2023


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 2 October 2023 and were signed by:





T Smith - Director


Smiths of Bromley Limited (Registered number: 05765543)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Smiths of Bromley 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 30,000
AMORTISATION
At 1 April 2022
and 31 March 2023 30,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

Smiths of Bromley Limited (Registered number: 05765543)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 84,292
Disposals (16,255 )
At 31 March 2023 68,037
DEPRECIATION
At 1 April 2022 71,914
Charge for year 3,047
Eliminated on disposal (16,067 )
At 31 March 2023 58,894
NET BOOK VALUE
At 31 March 2023 9,143
At 31 March 2022 12,378

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 358,090 184,445
Amounts owed by associates 64,740 298,700
Other debtors 831 3,639
423,661 486,784

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 48,542 52,315
Taxation and social security 147,713 76,920
Other creditors 5,173 79,439
201,428 208,674