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REGISTERED NUMBER: 07050878 (England and Wales)















Smillie Groundworks Limited

Unaudited Financial Statements for the Year Ended 31 October 2023






Smillie Groundworks Limited (Registered number: 07050878)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Smillie Groundworks Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: R Smillie





REGISTERED OFFICE: 1 High Street
Sheerness
Kent
ME12 1NY





BUSINESS ADDRESS: 26 Alexandra Road
Sheerness
Kent
ME12 2AS





REGISTERED NUMBER: 07050878 (England and Wales)





ACCOUNTANTS: Foreman Waller
Chartered Accountants
1 High Street
Sheerness
Kent
ME12 1NY

Smillie Groundworks Limited (Registered number: 07050878)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 370,000 370,000
370,000 370,000

CURRENT ASSETS
Debtors 6 1,849 750
Cash at bank 55,896 67,903
57,745 68,653
CREDITORS
Amounts falling due within one year 7 4,944 3,636
NET CURRENT ASSETS 52,801 65,017
TOTAL ASSETS LESS CURRENT LIABILITIES 422,801 435,017

PROVISIONS FOR LIABILITIES 4,795 4,795
NET ASSETS 418,006 430,222

CAPITAL AND RESERVES
Called up share capital 8 101 101
Fair value reserve 20,450 20,450
Retained earnings 397,455 409,671
SHAREHOLDERS' FUNDS 418,006 430,222

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Smillie Groundworks Limited (Registered number: 07050878)

Statement of Financial Position - continued
31 October 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 14 February 2024 and were signed by:





R Smillie - Director


Smillie Groundworks Limited (Registered number: 07050878)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Smillie Groundworks 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Income recognition
Turnover represents rents receivable from the investment properties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and from banks and other third parties and related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. Deferred tax is measured using tax rates and laws that have been enacted by the year end and that are expected to apply to the reversal of the timing difference.

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 NIL (2022 - NIL).

Smillie Groundworks Limited (Registered number: 07050878)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 1,400
Disposals (1,400 )
At 31 October 2023 -
DEPRECIATION
At 1 November 2022 1,400
Eliminated on disposal (1,400 )
At 31 October 2023 -
NET BOOK VALUE
At 31 October 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 370,000
NET BOOK VALUE
At 31 October 2023 370,000
At 31 October 2022 370,000

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2021 370,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,849 750

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 659 973
Other creditors 4,285 2,663
4,944 3,636

Smillie Groundworks Limited (Registered number: 07050878)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary A £1 100 100
1 Ordinary B £1 1 1
101 101

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
R Smillie
Balance outstanding at start of year - -
Amounts advanced 7,535 -
Amounts repaid (7,535 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -