Company Registration No. 05871092 (England and Wales)
Smith Servicing Ltd
Unaudited accounts
for the year ended 30 June 2022
Smith Servicing Ltd
Unaudited accounts
Contents
Smith Servicing Ltd
Company Information
for the year ended 30 June 2022
Directors
Barry Smith
Elizabeth Smith
Company Number
05871092 (England and Wales)
Registered Office
Green Ore Garage
Green Ore
Wells
Somerset
BA5 3ER
Accountants
Parker Drew Ltd
Trident Works, Marsh Lane
Temple Cloud
Bristol
BS39 5AZ
Smith Servicing Ltd
Statement of financial position
as at 30 June 2022
Tangible assets
244,200
252,423
Cash at bank and in hand
55,409
105,065
Creditors: amounts falling due within one year
(172,907)
(234,349)
Net current liabilities
(44,262)
(47,006)
Total assets less current liabilities
199,938
205,417
Creditors: amounts falling due after more than one year
(122,877)
(139,053)
Called up share capital
1
1
Profit and loss account
77,060
66,363
Shareholders' funds
77,061
66,364
For the year ending 30 June 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by
Barry Smith
Director
Company Registration No. 05871092
Smith Servicing Ltd
Notes to the Accounts
for the year ended 30 June 2022
Smith Servicing Ltd is a private company, limited by shares, registered in England and Wales, registration number 05871092. The registered office is Green Ore Garage, Green Ore, Wells, Somerset, BA5 3ER.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 June 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2020.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures & fittings
20% Reducing balance
Computer equipment
20% Reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 July 2021
178,289
44,444
115,350
1,109
6,281
345,473
Additions
-
4,379
3,750
-
125
8,254
At 30 June 2022
178,289
48,823
119,100
1,109
6,406
353,727
At 1 July 2021
-
27,822
59,449
809
4,970
93,050
Charge for the year
-
4,200
11,930
60
287
16,477
At 30 June 2022
-
32,022
71,379
869
5,257
109,527
At 30 June 2022
178,289
16,801
47,721
240
1,149
244,200
At 30 June 2021
178,289
16,622
55,901
300
1,311
252,423
Smith Servicing Ltd
Notes to the Accounts
for the year ended 30 June 2022
Amounts falling due within one year
Trade debtors
62,745
68,942
Accrued income and prepayments
1,202
1,202
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
14,755
16,466
Trade creditors
62,391
86,927
Taxes and social security
2,861
2,559
Loans from directors
88,928
118,269
7
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
122,877
139,053
8
Average number of employees
During the year the average number of employees was 7 (2021: 7).