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REGISTERED NUMBER: 14065274 (England and Wales)















Smith Ent Ltd

Financial Statements

for the period

25 April 2022 to 30 April 2023






Smith Ent Ltd (Registered number: 14065274)

Contents of the Financial Statements
for the period 25 April 2022 to 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Smith Ent Ltd

Company Information
for the period 25 April 2022 to 30 April 2023







Director: J Smith





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 14065274 (England and Wales)






Smith Ent Ltd (Registered number: 14065274)

Balance Sheet
30 April 2023

Notes £
Current assets
Debtors 4 5,843
Cash at bank 21,169
27,012
Creditors
Amounts falling due within one year 5 27,807
Net current liabilities (795 )
Total assets less current liabilities (795 )

Capital and reserves
Called up share capital 1
Retained earnings (796 )
Shareholders' funds (795 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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.

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 15 October 2023 and were signed by:





J Smith - Director


Smith Ent Ltd (Registered number: 14065274)

Notes to the Financial Statements
for the period 25 April 2022 to 30 April 2023


1. Statutory information

Smith Ent Ltd 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 represents the total value of commission and fees earned during the year. Revenue is recognised for the relevant period.

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.

Financial instruments
Financial assets and liabilities are recognised when the Company becomes party to the contractual provisions of the financial instrument. The Company holds financial instruments which comprise cash and cash equivalents, trade and other receivables, equity investments, trade and other payables, loans and borrowings. The company has chosen to apply the provisions of Section 11 Basic Financial Instruments.

Financial assets / liabilities - classified as basic financial instruments

(i) Cash and cash equivalents
This includes cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.

(ii) Trade and other receivables
Trade and other receivables are initially recognised at the transaction price, including any transaction costs, and subsequently measured at amortised cost including the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.

At the end of each reporting period, the Company assesses whether there is objective evidence that an receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in profit or loss.

(iii) Trade and other payables and loans and borrowings
Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method.

Smith Ent Ltd (Registered number: 14065274)

Notes to the Financial Statements - continued
for the period 25 April 2022 to 30 April 2023


2. Accounting policies - continued

Going concern
These financial statements have been prepared on a going concern basis.

The current economic conditions present increased risks for all businesses. In response to such conditions, the director has carefully considered these risks including an assessment on uncertainty on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on assessment, the director considers that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations and external debt liabilities.

In addition, the Company's assets are assessed for recoverability on a regular basis, and the director considers that the Company is not exposed to losses on these assets which would affect their decision to adopt the going concern basis.

The director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubts upon the Company's ability to continue as a going concern. Thus the director has continued to adopt the going concern basis of accounting in preparing these financial statements.

3. Employees and directors

The average number of employees during the period was 2 .

4. Debtors: amounts falling due within one year
£
Other debtors 1,664
VAT 1,907
Prepayments 2,272
5,843

5. Creditors: amounts falling due within one year
£
Trade creditors 1,404
Social security and other taxes 4,403
Accruals and deferred income 22,000
27,807

6. Related party disclosures

During the year, the company charged fees totalling £214,984 to a company under ultimate common control.

Amounts due from companies under common control as at year end £1,255