Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-06-01falseNo description of principal activity33truetrue 08535735 2022-06-01 2023-05-31 08535735 2021-06-01 2022-05-31 08535735 2023-05-31 08535735 2022-05-31 08535735 c:Director2 2022-06-01 2023-05-31 08535735 c:Director3 2022-06-01 2023-05-31 08535735 d:CurrentFinancialInstruments 2023-05-31 08535735 d:CurrentFinancialInstruments 2022-05-31 08535735 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 08535735 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 08535735 d:ShareCapital 2023-05-31 08535735 d:ShareCapital 2022-05-31 08535735 d:RetainedEarningsAccumulatedLosses 2023-05-31 08535735 d:RetainedEarningsAccumulatedLosses 2022-05-31 08535735 c:FRS102 2022-06-01 2023-05-31 08535735 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 08535735 c:FullAccounts 2022-06-01 2023-05-31 08535735 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure
Registered number: 08535735









SMITH OF HONINGHAM (DEVELOPMENTS) LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
SMITH OF HONINGHAM (DEVELOPMENTS) LIMITED
REGISTERED NUMBER: 08535735

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
42,396
41,276

Debtors: amounts falling due within one year
 4 
397
60

Cash at bank and in hand
  
50,479
92,531

  
93,272
133,867

Creditors: amounts falling due within one year
 5 
(17,900)
(57,200)

Net current assets
  
 
 
75,372
 
 
76,667

Total assets less current liabilities
  
75,372
76,667

  

Net assets
  
75,372
76,667


Capital and reserves
  

Called up share capital 
  
330,400
330,400

Profit and loss account
  
(255,028)
(253,733)

  
75,372
76,667


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 November 2023.




R G Smith
J E Smith
Director
Director

Page 1

 
SMITH OF HONINGHAM (DEVELOPMENTS) LIMITED
 

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

1.


General information

Smith Of Honingham (Developments) Limited is a private company, limited by shares, domiciled in England and Wales, registration number 08535735.  The registered office is Quarry Works, Dereham Road, Honingham, Norwich, Norfolk, NR9 5AP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.  Work in progress and finished goods include labour and attributable overheads.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 2

 
SMITH OF HONINGHAM (DEVELOPMENTS) LIMITED
 

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

3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Debtors

2023
2022
£
£


Other debtors
397
60



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
-
15,000

Other creditors
16,000
40,300

Accruals and deferred income
1,900
1,900

17,900
57,200



Page 3