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REGISTERED NUMBER: SC167795 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

T.R. SMITH LIMITED

T.R. SMITH LIMITED (REGISTERED NUMBER: SC167795)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3

Chartered Accountants' Report 5

T.R. SMITH LIMITED (REGISTERED NUMBER: SC167795)

BALANCE SHEET
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 100 133

CURRENT ASSETS
Stocks 5 56,084 66,210
Cash at bank 3,275 2,295
59,359 68,505
CREDITORS
Amounts falling due within one year 6 29,862 20,574
NET CURRENT ASSETS 29,497 47,931
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,597

48,064

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 29,497 47,964
SHAREHOLDERS' FUNDS 29,597 48,064

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 Income Statement has not been delivered.

T.R. SMITH LIMITED (REGISTERED NUMBER: SC167795)

BALANCE SHEET - continued
31 August 2023



The financial statements were approved by the director and authorised for issue on 12 March 2024 and were signed by:





T R Smith - Director


T.R. SMITH LIMITED (REGISTERED NUMBER: SC167795)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

T.R. Smith Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC167795

Registered office: 48 Greyfriars Street
Glasgow
G32 2RF

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 and revenue recognition
Turnover represents sale of football memorabilia when goods and services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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 Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

T.R. SMITH LIMITED (REGISTERED NUMBER: SC167795)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2022
and 31 August 2023 17,724
DEPRECIATION
At 1 September 2022 17,591
Charge for year 33
At 31 August 2023 17,624
NET BOOK VALUE
At 31 August 2023 100
At 31 August 2022 133

5. STOCKS
31.8.23 31.8.22
£    £   
Stocks 56,084 66,210

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Other loans 2,959 4,024
Trade creditors 3,133 -
Tax - 904
Social security and other taxes 49 -
Directors' current accounts 23,611 14,805
Accrued expenses 110 841
29,862 20,574

The Director's current account is unsecured, interest free and repayable on demand.

7. ULTIMATE CONTROLLING PARTY

The company is controlled by the director.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
T.R. SMITH LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of T.R. Smith Limited for the year ended 31 August 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of T.R. Smith Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of T.R. Smith Limited and state those matters that we have agreed to state to the director of T.R. Smith Limited in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that T.R. Smith Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of T.R. Smith Limited. You consider that T.R. Smith Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of T.R. Smith Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Curle & Co
Chartered Accountants
22 Backbrae Street
Kilsyth
G65 0NH


Date: .............................................