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REGISTERED NUMBER: 00444404 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

H. & E.SMITH LIMITED

H. & E.SMITH LIMITED (REGISTERED NUMBER: 00444404)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H. & E.SMITH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr S Brammer
Mr F E Smith Junior
Mrs P A Smith





REGISTERED OFFICE: Britannic Works
Broom Street
Hanley
Stoke-on-Trent
ST1 2ER





REGISTERED NUMBER: 00444404 (England and Wales)





ACCOUNTANT: Wynniatt-Husey Ltd
Chartered Accountants
The Old Coach House
Horsefair
Rugeley
Staffordshire
WS15 2EL

H. & E.SMITH LIMITED (REGISTERED NUMBER: 00444404)

BALANCE SHEET
31 MARCH 2023

31.3.22 31.3.23
£    £    Notes £    £   
FIXED ASSETS
95,931 Tangible assets 4 181,917

CURRENT ASSETS
426,216 Stocks 5 407,132
606,611 Debtors 6 850,466
84,810 Cash at bank and in hand 105,717
1,117,637 1,363,315
CREDITORS
239,715 Amounts falling due within one year 7 342,233
877,922 NET CURRENT ASSETS 1,021,082
973,853 TOTAL ASSETS LESS CURRENT
LIABILITIES

1,202,999

CREDITORS
32,579 Amounts falling due after more than one
year

8

22,508
941,274 NET ASSETS 1,180,491

CAPITAL AND RESERVES
51,824 Called up share capital 9 51,824
889,450 Retained earnings 1,128,667
941,274 SHAREHOLDERS' FUNDS 1,180,491

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

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

H. & E.SMITH LIMITED (REGISTERED NUMBER: 00444404)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by:





Mr F E Smith Junior - Director


H. & E.SMITH LIMITED (REGISTERED NUMBER: 00444404)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

H. & E.Smith 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixture & fittings - 20% on cost
Plant and machinery - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

H. & E.SMITH LIMITED (REGISTERED NUMBER: 00444404)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

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 32 (2022 - 32 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Fixture &
Totals property fittings
£    £    £   
COST
At 1 April 2022 280,147 93,225 40,624
Additions 102,612 1,250 3,761
At 31 March 2023 382,759 94,475 44,385
DEPRECIATION
At 1 April 2022 184,216 81,229 32,601
Charge for year 16,626 2,684 4,817
At 31 March 2023 200,842 83,913 37,418
NET BOOK VALUE
At 31 March 2023 181,917 10,562 6,967
At 31 March 2022 95,931 11,996 8,023

Plant and Motor Computer
machinery vehicles equipment
£    £    £   
COST
At 1 April 2022 109,941 23,113 13,244
Additions 93,072 - 4,529
At 31 March 2023 203,013 23,113 17,773
DEPRECIATION
At 1 April 2022 38,599 21,594 10,193
Charge for year 8,223 379 523
At 31 March 2023 46,822 21,973 10,716
NET BOOK VALUE
At 31 March 2023 156,191 1,140 7,057
At 31 March 2022 71,342 1,519 3,051

H. & E.SMITH LIMITED (REGISTERED NUMBER: 00444404)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. STOCKS
31.3.23 31.3.22
£    £   
Stocks 342,545 361,629
Work-in-progress 64,587 64,587
407,132 426,216

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 124,785 47,758
Bad debt provision (8,581 ) (91 )
Amounts owed by group undertakings 734,262 558,944
850,466 606,611

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 9,991 9,921
Trade creditors 162,935 115,776
Social security and other taxes 6,755 6,816
Pension Control 644 311
VAT 23,411 34,536
Payments in advance 71,327 5,494
Directors' current accounts 3,270 3,111
Accrued expenses 63,900 63,750
342,233 239,715

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 10,098 10,022
Bank loans - 2-5 years 12,410 22,557
22,508 32,579

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
51,824 Ordinary £1 51,824 51,824