TOM SMITH (PARTS) LIMITED

Company Registration Number:
04389299 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

TOM SMITH (PARTS) LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

TOM SMITH (PARTS) LIMITED

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 47,500 50,000
Tangible assets: 4 7,796 9,534
Total fixed assets: 55,296 59,534
Current assets
Stocks: 116,653 113,256
Debtors:   166,106 152,503
Cash at bank and in hand: 424,899 449,801
Total current assets: 707,658 715,560
Creditors: amounts falling due within one year:   (358,223) (385,884)
Net current assets (liabilities): 349,435 329,676
Total assets less current liabilities: 404,731 389,210
Provision for liabilities: (1,255) (1,563)
Total net assets (liabilities): 403,476 387,647
Capital and reserves
Called up share capital: 4 3
Profit and loss account: 403,472 387,644
Shareholders funds: 403,476 387,647

The notes form part of these financial statements

TOM SMITH (PARTS) LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 October 2023
and signed on behalf of the board by:

Name: T E Smith
Status: Director

The notes form part of these financial statements

TOM SMITH (PARTS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

TOM SMITH (PARTS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 4 5

TOM SMITH (PARTS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Intangible Assets

Total
Cost £
At 01 April 2022 100,000
At 31 March 2023 100,000
Amortisation
At 01 April 2022 50,000
Charge for year 2,500
At 31 March 2023 52,500
Net book value
At 31 March 2023 47,500
At 31 March 2022 50,000

TOM SMITH (PARTS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible Assets

Total
Cost £
At 01 April 2022 68,776
At 31 March 2023 68,776
Depreciation
At 01 April 2022 59,242
Charge for year 1,738
At 31 March 2023 60,980
Net book value
At 31 March 2023 7,796
At 31 March 2022 9,534