Company Registration No. 09102815 (England and Wales)
TEAM SMITH (NEWPORT PAGNELL) LIMITED
Unaudited accounts
for the year ended 30 June 2023
TEAM SMITH (NEWPORT PAGNELL) LIMITED
Unaudited accounts
Contents
TEAM SMITH (NEWPORT PAGNELL) LIMITED
Company Information
for the year ended 30 June 2023
Director
Jonathan James Smith
Company Number
09102815 (England and Wales)
Registered Office
THE COACHMAKERS ARMS
117 HIGH STREET
NEWPORT PAGNELL
BUCKS
MK16 8EN
TEAM SMITH (NEWPORT PAGNELL) LIMITED
Statement of financial position
as at 30 June 2023
Tangible assets
1,721
2,151
Cash at bank and in hand
148
1,211
Creditors: amounts falling due within one year
(33,546)
(30,764)
Net current liabilities
(10,595)
(12,360)
Total assets less current liabilities
(8,874)
(10,209)
Creditors: amounts falling due after more than one year
(39,297)
(30,833)
Net liabilities
(48,171)
(41,042)
Called up share capital
1
1
Profit and loss account
(48,172)
(41,043)
Shareholders' funds
(48,171)
(41,042)
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 31 January 2024 and were signed on its behalf by
Jonathan James Smith
Director
Company Registration No. 09102815
TEAM SMITH (NEWPORT PAGNELL) LIMITED
Notes to the Accounts
for the year ended 30 June 2023
TEAM SMITH (NEWPORT PAGNELL) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09102815. The registered office is THE COACHMAKERS ARMS, 117 HIGH STREET, NEWPORT PAGNELL, BUCKS, MK16 8EN.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
20% on cost
Fixtures & fittings
20% on cost
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2022
3,663
23,555
27,218
At 30 June 2023
3,663
23,555
27,218
At 1 July 2022
2,187
22,880
25,067
Charge for the year
295
135
430
At 30 June 2023
2,482
23,015
25,497
At 30 June 2023
1,181
540
1,721
At 30 June 2022
1,476
675
2,151
TEAM SMITH (NEWPORT PAGNELL) LIMITED
Notes to the Accounts
for the year ended 30 June 2023
Amounts falling due within one year
Other debtors
4,792
11,944
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
10,000
Trade creditors
(613)
27,719
Taxes and social security
1,191
6,446
Loans from directors
31,149
(18,836)
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 7 (2022: 7).