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REGISTERED NUMBER: 04805354 (England and Wales)

























Financial Statements

for the Year Ended 30 September 2023

for

SMB Designs Limited

SMB Designs Limited (Registered number: 04805354)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SMB Designs Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: J A Wilde





REGISTERED OFFICE: 67 Gazelle Road
Weston Industrial Estate
Winterstoke Road
Weston Super Mare
North Somerset
BS24 9ES





REGISTERED NUMBER: 04805354 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

SMB Designs Limited (Registered number: 04805354)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 104,913 102,808
104,913 102,808

CURRENT ASSETS
Debtors 6 116,063 213,171
Cash at bank 807,868 449,250
923,931 662,421
CREDITORS
Amounts falling due within one year 7 289,245 127,815
NET CURRENT ASSETS 634,686 534,606
TOTAL ASSETS LESS CURRENT
LIABILITIES

739,599

637,414

PROVISIONS FOR LIABILITIES 23,520 17,343
NET ASSETS 716,079 620,071

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 715,979 619,971
SHAREHOLDERS' FUNDS 716,079 620,071

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 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.

SMB Designs Limited (Registered number: 04805354)

Balance Sheet - continued
30 September 2023


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.

The financial statements were approved by the director and authorised for issue on 15 February 2024 and were signed by:





J A Wilde - Director


SMB Designs Limited (Registered number: 04805354)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

SMB Designs 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 25% on cost, 15% on reducing balance, 10% on reducing balance and 4% on cost

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.

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.

SMB Designs Limited (Registered number: 04805354)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 120,000
AMORTISATION
At 1 October 2022
and 30 September 2023 120,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

SMB Designs Limited (Registered number: 04805354)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 403,125
Additions 19,554
Transfer to ownership 8,179
At 30 September 2023 430,858
DEPRECIATION
At 1 October 2022 300,317
Charge for year 17,449
Transfer to ownership 8,179
At 30 September 2023 325,945
NET BOOK VALUE
At 30 September 2023 104,913
At 30 September 2022 102,808

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2022 25,853
Transfer to ownership (17,674 )
At 30 September 2023 8,179
DEPRECIATION
At 1 October 2022 17,674
Transfer to ownership (17,674 )
At 30 September 2023 -
NET BOOK VALUE
At 30 September 2023 8,179
At 30 September 2022 8,179

SMB Designs Limited (Registered number: 04805354)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 96,451 206,129
Other debtors 19,612 7,042
116,063 213,171

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 86,526 35,678
Other creditors 202,719 92,137
289,245 127,815