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REGISTERED NUMBER: 06847255 (England and Wales)






C & I Smith Building Contractors Limited

Financial Statements

for the Year Ended 31 March 2023






C & I Smith Building Contractors Limited (Registered number: 06847255)

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


C & I Smith Building Contractors Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: Mr I Smith
Mr M R France





REGISTERED OFFICE: 26 Moxon Way
Outwood
Wakefield
West Yorkshire
WF1 3HD





REGISTERED NUMBER: 06847255 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

C & I Smith Building Contractors Limited (Registered number: 06847255)

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 9,711 20,258
9,711 20,258

CURRENT ASSETS
Debtors 6 246,343 676,221
Cash at bank and in hand 261,598 205,114
507,941 881,335
CREDITORS
Amounts falling due within one year 7 184,047 475,411
NET CURRENT ASSETS 323,894 405,924
TOTAL ASSETS LESS CURRENT
LIABILITIES

333,605

426,182

C & I Smith Building Contractors Limited (Registered number: 06847255)

Balance Sheet - continued
31 March 2023

2023 2022
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 8 120 120
Capital redemption reserve 55 55
Retained earnings 333,430 426,007
SHAREHOLDERS' FUNDS 333,605 426,182

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 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 25 September 2023 and were signed on its behalf by:




Mr M R France - Director



Mr I Smith - Director


C & I Smith Building Contractors Limited (Registered number: 06847255)

Notes to the Financial Statements
for the year ended 31 March 2023


1. STATUTORY INFORMATION

C & I Smith Building Contractors 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.

The functional and presentation currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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 which is stated net of value added tax represents amounts invoiced to third parties except in respect of long term contracts, where turnover represents the sales value of work done in the year including estimates in respect of amounts not invoiced.Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, has been fully amortised in the accounts.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded at cost.

Financial instruments
The company has elected to apply the provision of Section 11 "Basic Financial Information" and Section 12 "Other Financial Issues" of FRS 102 to all its financial instruments.

Financial instruments are recognised in the Company's balance sheet when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

C & I Smith Building Contractors Limited (Registered number: 06847255)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
During the financial year the company made employer contributions into the director's personal pension schemes. Contributions payable to the pension schemes are charged to the profit and loss account in the period to which they relate.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 April 2022
and 31 March 2023 100,000
AMORTISATION
At 1 April 2022
and 31 March 2023 100,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

C & I Smith Building Contractors Limited (Registered number: 06847255)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 April 2022 61,353 17,235 28,166 106,754
Additions - 5,498 - 5,498
Disposals (61,353 ) (8,610 ) (12,416 ) (82,379 )
At 31 March 2023 - 14,123 15,750 29,873
DEPRECIATION
At 1 April 2022 50,649 11,913 23,934 86,496
Charge for year 2,020 1,901 524 4,445
Eliminated on disposal (52,669 ) (7,958 ) (10,152 ) (70,779 )
At 31 March 2023 - 5,856 14,306 20,162
NET BOOK VALUE
At 31 March 2023 - 8,267 1,444 9,711
At 31 March 2022 10,704 5,322 4,232 20,258

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 54,407 134,057
Amounts recoverable on contract 133,502 326,088
Directors' current accounts 7,355 38,728
Tax 24,306 24,306
VAT 23,395 149,551
Prepayments and accrued income 3,378 3,491
246,343 676,221

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 91,855 320,659
Corporation tax 53,720 83,460
PAYE control 1,823 3,588
Other creditors 13,972 12,661
Directors' current accounts 885 1,419
Accruals and deferred income 21,792 53,624
184,047 475,411

C & I Smith Building Contractors Limited (Registered number: 06847255)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
120 Ordinary £1 120 120

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£ £
Mr I Smith
Balance outstanding at start of year 38,728 78,928
Amounts repaid (31,373 ) (40,200 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,355 38,728