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REGISTERED NUMBER: 03410012 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

SMITH BROTHERS (TAMWORTH) LIMITED

SMITH BROTHERS (TAMWORTH) LIMITED (REGISTERED NUMBER: 03410012)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SMITH BROTHERS (TAMWORTH) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: R Smith
S C Smith





SECRETARY: S C Smith





REGISTERED OFFICE: The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB





REGISTERED NUMBER: 03410012 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

SMITH BROTHERS (TAMWORTH) LIMITED (REGISTERED NUMBER: 03410012)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,155 6,198

CURRENT ASSETS
Debtors 5 171,522 175,969
Investments 6 2,624,904 2,578,246
Cash at bank 426 1,756
2,796,852 2,755,971
CREDITORS
Amounts falling due within one year 7 3,211,234 3,215,205
NET CURRENT LIABILITIES (414,382 ) (459,234 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(408,227

)

(453,036

)

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 9 (408,427 ) (453,236 )
SHAREHOLDERS' FUNDS (408,227 ) (453,036 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by:





S C Smith - Director


SMITH BROTHERS (TAMWORTH) LIMITED (REGISTERED NUMBER: 03410012)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Smith Brothers (Tamworth) 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost

Investments
Investments are included at fair value. Listed investments are valued at their market value at the balance sheet date and any changes in their fair value between the previous year end or acquisition, as applicable are recognised in the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES

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

SMITH BROTHERS (TAMWORTH) LIMITED (REGISTERED NUMBER: 03410012)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 October 2022
and 30 September 2023 6,800
DEPRECIATION
At 1 October 2022 602
Charge for year 43
At 30 September 2023 645
NET BOOK VALUE
At 30 September 2023 6,155
At 30 September 2022 6,198

Included in cost of land and buildings is freehold of £4,650 which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other debtors 171,522 175,969

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 2,624,904 2,578,246

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 3,200,000 3,200,000
Taxation and social security 2,305 6,917
Other creditors 8,929 8,288
3,211,234 3,215,205

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary Shares £1 200 200

SMITH BROTHERS (TAMWORTH) LIMITED (REGISTERED NUMBER: 03410012)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

9. RESERVES
Retained
earnings
£   

At 1 October 2022 (453,236 )
Profit for the year 44,809
At 30 September 2023 (408,427 )

10. RELATED PARTY DISCLOSURES

Entities with control, joint control or significant influence over the entity;

Amount due from parent company was £171,522 (2022 - £175,959).

Amount due to parent company was £3,200,00 (2022 - £3,200,000).

Amount due to related parties was £109 (2022 - £109).