IRIS Accounts Production v23.3.1.45 08195991 director 1.9.22 31.8.23 31.8.23 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh081959912022-08-31081959912023-08-31081959912022-09-012023-08-31081959912021-08-31081959912021-09-012022-08-31081959912022-08-3108195991ns10:Originalns15:EnglandWales2022-09-012023-08-3108195991ns14:PoundSterlingns10:Original2022-09-012023-08-3108195991ns10:Originalns10:Director12022-09-012023-08-3108195991ns10:Original2022-09-012023-08-3108195991ns10:Original2023-08-3108195991ns10:Originalns10:PrivateLimitedCompanyLtd2022-09-012023-08-3108195991ns10:Originalns10:SmallEntities2022-09-012023-08-3108195991ns10:Originalns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3108195991ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3108195991ns10:SmallCompaniesRegimeForAccountsns10:Original2022-09-012023-08-3108195991ns10:Originalns10:FullAccounts2022-09-012023-08-3108195991ns10:Originalns10:OrdinaryShareClass12022-09-012023-08-3108195991ns10:Originalns10:OrdinaryShareClass22022-09-012023-08-3108195991ns10:OrdinaryShareClass3ns10:Original2022-09-012023-08-3108195991ns10:Originalns10:RegisteredOffice2022-09-012023-08-3108195991ns10:Original2022-08-3108195991ns10:Originalns5:CurrentFinancialInstruments2023-08-3108195991ns10:Originalns5:CurrentFinancialInstruments2022-08-3108195991ns10:Originalns5:Non-currentFinancialInstruments2023-08-3108195991ns10:Originalns5:Non-currentFinancialInstruments2022-08-3108195991ns5:ShareCapitalns10:Original2023-08-3108195991ns5:ShareCapitalns10:Original2022-08-3108195991ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-08-3108195991ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-08-3108195991ns10:Originalns5:PlantMachinery2022-09-012023-08-3108195991ns10:Originalns5:FurnitureFittings2022-09-012023-08-3108195991ns10:Originalns5:MotorVehicles2022-09-012023-08-3108195991ns10:Originalns5:ComputerEquipment2022-09-012023-08-3108195991ns10:Original2021-09-012022-08-3108195991ns10:Originalns5:PlantMachinery2022-08-3108195991ns10:Originalns5:FurnitureFittings2022-08-3108195991ns10:Originalns5:MotorVehicles2022-08-3108195991ns10:Originalns5:ComputerEquipment2022-08-3108195991ns10:Original2022-08-3108195991ns10:Originalns5:PlantMachinery2023-08-3108195991ns10:Originalns5:FurnitureFittings2023-08-3108195991ns10:Originalns5:MotorVehicles2023-08-3108195991ns10:Originalns5:ComputerEquipment2023-08-3108195991ns10:Originalns5:PlantMachinery2022-08-3108195991ns10:Originalns5:FurnitureFittings2022-08-3108195991ns10:Originalns5:MotorVehicles2022-08-3108195991ns10:Originalns5:ComputerEquipment2022-08-3108195991ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3108195991ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3108195991ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-08-3108195991ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-08-3108195991ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-08-3108195991ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-08-3108195991ns10:Originalns5:DeferredTaxation2022-08-3108195991ns10:Originalns5:DeferredTaxation2022-09-012023-08-3108195991ns10:Originalns5:DeferredTaxation2023-08-3108195991ns10:Originalns10:OrdinaryShareClass12023-08-3108195991ns10:Originalns10:OrdinaryShareClass22023-08-3108195991ns10:OrdinaryShareClass3ns10:Original2023-08-31
REGISTERED NUMBER: 08195991 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023

FOR

G SMITH KITCHENS & BEDROOMS LIMITED

G SMITH KITCHENS & BEDROOMS LIMITED (REGISTERED NUMBER: 08195991)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G SMITH KITCHENS & BEDROOMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2023







DIRECTOR: G D Smith





REGISTERED OFFICE: 36-40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL





REGISTERED NUMBER: 08195991 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

G SMITH KITCHENS & BEDROOMS LIMITED (REGISTERED NUMBER: 08195991)

BALANCE SHEET
31ST AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,023 59,465

CURRENT ASSETS
Stocks 5 11,500 10,000
Debtors 6 27,727 22,000
Cash at bank and in hand 65,536 87,056
104,763 119,056
CREDITORS
Amounts falling due within one year 7 126,709 137,848
NET CURRENT LIABILITIES (21,946 ) (18,792 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,077

40,673

CREDITORS
Amounts falling due after more than one
year

8

(19,167

)

(29,167

)

PROVISIONS FOR LIABILITIES 10 (11,458 ) (11,298 )
NET ASSETS 452 208

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 352 108
SHAREHOLDERS' FUNDS 452 208

G SMITH KITCHENS & BEDROOMS LIMITED (REGISTERED NUMBER: 08195991)

BALANCE SHEET - continued
31ST AUGUST 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 Profit & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23rd January 2024 and were signed by:





G D Smith - Director


G SMITH KITCHENS & BEDROOMS LIMITED (REGISTERED NUMBER: 08195991)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023

1. STATUTORY INFORMATION

G Smith Kitchens & Bedrooms 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.

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 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.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account and Retained Earnings, 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

G SMITH KITCHENS & BEDROOMS LIMITED (REGISTERED NUMBER: 08195991)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st September 2022 61,793 14,557 45,358 9,247 130,955
Additions - - - 2,773 2,773
At 31st August 2023 61,793 14,557 45,358 12,020 133,728
DEPRECIATION
At 1st September 2022 29,353 7,818 25,820 8,499 71,490
Charge for year 3,244 674 3,907 1,390 9,215
At 31st August 2023 32,597 8,492 29,727 9,889 80,705
NET BOOK VALUE
At 31st August 2023 29,196 6,065 15,631 2,131 53,023
At 31st August 2022 32,440 6,739 19,538 748 59,465

5. STOCKS
2023 2022
£    £   
Stocks 11,500 10,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 25,200 18,600
Prepayments 2,527 3,400
27,727 22,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 10,000 10,000
Trade creditors 21,242 23,248
Tax 15,366 12,419
Social security and other taxes 3,824 4,153
VAT 18,180 19,393
Other creditors 526 1,706
Directors' current accounts 3,329 739
Accrued expenses 54,242 66,190
126,709 137,848

G SMITH KITCHENS & BEDROOMS LIMITED (REGISTERED NUMBER: 08195991)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 19,167 29,167

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 9,167 19,167

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 11,458 11,298

Deferred
tax
£   
Balance at 1st September 2022 11,298
Provided during year 160
Balance at 31st August 2023 11,458

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary A £1 50 50
45 Ordinary B £1 45 45
5 Ordinary C £1 5 5
100 100

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G D Smith.