Smallwood Holdings Ltd 14207586 false 2022-07-01 2023-07-31 2023-07-31 The principal activity of the company is that of Activities of other holding companies not elsewhere classified Digita Accounts Production Advanced 6.30.9574.0 true true 14207586 2022-07-01 2023-07-31 14207586 2023-07-31 14207586 bus:OrdinaryShareClass1 bus:OtherShareType 2023-07-31 14207586 bus:OrdinaryShareClass2 bus:OtherShareType 2023-07-31 14207586 core:CurrentFinancialInstruments 2023-07-31 14207586 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 14207586 core:MotorVehicles 2023-07-31 14207586 bus:SmallEntities 2022-07-01 2023-07-31 14207586 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-07-31 14207586 bus:FullAccounts 2022-07-01 2023-07-31 14207586 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-07-31 14207586 bus:RegisteredOffice 2022-07-01 2023-07-31 14207586 bus:Director1 2022-07-01 2023-07-31 14207586 bus:Director2 2022-07-01 2023-07-31 14207586 bus:OrdinaryShareClass1 bus:OtherShareType 2022-07-01 2023-07-31 14207586 bus:OrdinaryShareClass2 bus:OtherShareType 2022-07-01 2023-07-31 14207586 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-07-31 14207586 core:MotorVehicles 2022-07-01 2023-07-31 14207586 countries:AllCountries 2022-07-01 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14207586

Smallwood Holdings Ltd

Annual Report and Unaudited Financial Statements

for the Period from 1 July 2022 to 31 July 2023

 

Smallwood Holdings Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Smallwood Holdings Ltd

Company Information

Directors

Mr Peter Smallwood

Mrs Elizabeth Anne Smallwood

Registered office

The Mill Pury Hill Business Park
Alderton Road
Towcester
Northants
NN12 7LS

Accountants

KRW Accountants Ltd
The Mill
Pury Hill Business Park
Alderton Road
Towcester
NN12 7LS

 

Smallwood Holdings Ltd

(Registration number: 14207586)
Balance Sheet as at 31 July 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

20,187

Current assets

 

Debtors

5

4,767

Cash at bank and in hand

 

196,559

 

201,326

Creditors: Amounts falling due within one year

6

(226,273)

Net current liabilities

 

(24,947)

Net liabilities

 

(4,760)

Capital and reserves

 

Called up share capital

100

Retained earnings

(4,860)

Shareholders' deficit

 

(4,760)

For the financial period ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 February 2024 and signed on its behalf by:
 

.........................................
Mr Peter Smallwood
Director

 

Smallwood Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
The Mill Pury Hill Business Park
Alderton Road
Towcester
Northants
NN12 7LS
United Kingdom

These financial statements were authorised for issue by the Board on 12 February 2024.

The company registration number is 14207586

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Smallwood Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 July 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. The company subsequently considers the recoverable value of the trade debtors. When assessing impairment of trade debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

Smallwood Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 July 2023

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

Additions

25,234

25,234

At 31 July 2023

25,234

25,234

Depreciation

Charge for the period

5,047

5,047

At 31 July 2023

5,047

5,047

Carrying amount

At 31 July 2023

20,187

20,187

5

Debtors

Current

2023
£

Trade debtors

1,200

Prepayments

3,567

 

4,767

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Trade creditors

27

Accruals and deferred income

1,212

Other creditors

225,034

226,273

 

Smallwood Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 July 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

A Ordinary of £1 each

20

20

Ordinary of £1 each

80

80

 

100

100