1 February 2022 false No description of principal activity Taxfiler 2023.9 09379602business:PrivateLimitedCompanyLtd2022-02-012023-01-31 093796022022-01-31 093796022022-02-012023-01-31 09379602business:AuditExemptWithAccountantsReport2022-02-012023-01-31 09379602business:FilletedAccounts2022-02-012023-01-31 093796022023-01-31 09379602business:Director12022-02-012023-01-31 09379602business:Director22022-02-012023-01-31 09379602business:Director32022-02-012023-01-31 09379602business:RegisteredOffice2022-02-012023-01-31 093796022022-01-31 09379602core:WithinOneYear2023-01-31 09379602core:WithinOneYear2022-01-31 09379602core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 09379602core:ShareCapitalcore:PreviouslyStatedAmount2022-01-31 09379602core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 09379602core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-01-31 09379602core:PreviouslyStatedAmount2023-01-31 09379602core:PreviouslyStatedAmount2022-01-31 09379602business:SmallEntities2022-02-012023-01-31 09379602countries:EnglandWales2022-02-012023-01-31 09379602core:FurnitureFittings2022-02-012023-01-31 09379602core:ComputerEquipment2022-02-012023-01-31 09379602core:FurnitureFittings2022-01-31 09379602core:ComputerEquipment2022-01-31 09379602core:FurnitureFittings2023-01-31 09379602core:ComputerEquipment2023-01-31 093796022021-02-012022-01-31 iso4217:GBP xbrli:pure
Company Registration No. 09379602 (England and Wales)
Smithwick Ltd Unaudited accounts for the year ended 31 January 2023
Smithwick Ltd Unaudited accounts Contents
Page
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Smithwick Ltd Company Information for the year ended 31 January 2023
Directors
D Monks M Monks J E Moxham
Company Number
09379602 (England and Wales)
Registered Office
288 Singlewell Road Gravesend Kent DA11 7RF
Accountants
King & Taylor 123 Cross Lane East Gravesend Kent DA12 5HA
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Smithwick Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
559 
804 
Investment property
480,000 
480,000 
480,559 
480,804 
Current assets
Debtors
128 
127 
Cash at bank and in hand
3,108 
4,579 
3,236 
4,706 
Creditors: amounts falling due within one year
(338,714)
(348,819)
Net current liabilities
(335,478)
(344,113)
Total assets less current liabilities
145,081 
136,691 
Provisions for liabilities
Deferred tax
(12,482)
(12,482)
Net assets
132,599 
124,209 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
132,598 
124,208 
Shareholders' funds
132,599 
124,209 
For the year ending 31 January 2023 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 9 October 2023 and were signed on its behalf by
M Monks Director Company Registration No. 09379602
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Smithwick Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Smithwick Ltd is a private company, limited by shares, registered in England and Wales, registration number 09379602. The registered office is 288 Singlewell Road, Gravesend, Kent, DA11 7RF.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
20% Reducing balance basis
Computer equipment
Straight line over 3 years
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Smithwick Ltd Notes to the Accounts for the year ended 31 January 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
1,587 
984 
2,571 
At 31 January 2023
1,587 
984 
2,571 
Depreciation
At 1 February 2022
941 
826 
1,767 
Charge for the year
129 
116 
245 
At 31 January 2023
1,070 
942 
2,012 
Net book value
At 31 January 2023
517 
42 
559 
At 31 January 2022
646 
158 
804 
5
Investment property
2023 
£ 
Fair value at 1 February 2022
480,000 
At 31 January 2023
480,000 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
128 
127 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
10,256 
14,861 
Loans from directors
328,458 
333,958 
338,714 
348,819 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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