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MRSMITHMANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023






MRSMITHMANAGEMENT LIMITED (REGISTERED NUMBER: 09578315)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MRSMITHMANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: P A D Crabtree
P R Smith
M E Smith





REGISTERED OFFICE: Riverside Chambers
Full Street
Derby
Derbyshire
DE1 3AF





REGISTERED NUMBER: 09578315 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

MRSMITHMANAGEMENT LIMITED (REGISTERED NUMBER: 09578315)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 105,549 897

CURRENT ASSETS
Debtors 5 974,801 400,832
Investments 6 245,901 254,034
Cash at bank 1,182,727 535,259
2,403,429 1,190,125
CREDITORS
Amounts falling due within one year 7 596,013 348,302
NET CURRENT ASSETS 1,807,416 841,823
TOTAL ASSETS LESS CURRENT LIABILITIES 1,912,965 842,720

CREDITORS
Amounts falling due after more than one
year

8

(23,353

)

(33,340

)

PROVISIONS FOR LIABILITIES 9 (25,400 ) (1,000 )
NET ASSETS 1,864,212 808,380

CAPITAL AND RESERVES
Called up share capital 10 201 201
Fair value reserve 11 (34 ) 4,107
Retained earnings 1,864,045 804,072
SHAREHOLDERS' FUNDS 1,864,212 808,380

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

MRSMITHMANAGEMENT LIMITED (REGISTERED NUMBER: 09578315)

BALANCE SHEET - continued
31 JANUARY 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 Board of Directors and authorised for issue on 10 October 2023 and were signed on its behalf by:





M E Smith - Director


MRSMITHMANAGEMENT LIMITED (REGISTERED NUMBER: 09578315)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Mrsmithmanagement 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 presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office buildings & fittings - 25% on reducing balance and 2% on cost
Computer equipment - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

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

MRSMITHMANAGEMENT LIMITED (REGISTERED NUMBER: 09578315)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


4. TANGIBLE FIXED ASSETS
Office
buildings Computer
& fittings equipment Totals
£    £    £   
COST
At 1 February 2022 - 5,323 5,323
Additions 99,699 16,770 116,469
At 31 January 2023 99,699 22,093 121,792
DEPRECIATION
At 1 February 2022 - 4,426 4,426
Charge for year 9,273 2,544 11,817
At 31 January 2023 9,273 6,970 16,243
NET BOOK VALUE
At 31 January 2023 90,426 15,123 105,549
At 31 January 2022 - 897 897

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 649,596 309,101
Amounts owed by group undertakings 96,500 71,500
Other debtors 228,705 20,231
974,801 400,832

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 245,901 254,034

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 232,120 137,704
Amounts owed to group undertakings 9,550 7,844
Tax 283,738 124,265
Social security and other taxes - 188
Other creditors - 1,868
Wages Control 2,116 -
Directors' current accounts 56,396 60,340
Accruals and deferred income 2,093 6,093
596,013 348,302

MRSMITHMANAGEMENT LIMITED (REGISTERED NUMBER: 09578315)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 13,353 23,340
23,353 33,340

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 25,400 1,000

Deferred
tax
£   
Balance at 1 February 2022 1,000
Provided during year 24,400
Balance at 31 January 2023 25,400

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary A £1.00 100 100
100 Ordinary B £1.00 100 100
1 Ordinary C £1.00 1 1
201 201

11. RESERVES
Fair
value
reserve
£   
At 1 February 2022 4,107
Revaluation in year (4,141 )

At 31 January 2023 (34 )