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REGISTERED NUMBER: 05490579 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Glen Smith Partnership Ltd

Glen Smith Partnership Ltd (Registered number: 05490579)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Glen Smith Partnership Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: G H Smith





SECRETARY: Miss K L Hutchings





REGISTERED OFFICE: Park House Barn
Cemetery Road
Blackfords
Cannock
Staffordshire
WS11 5QH





REGISTERED NUMBER: 05490579 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Glen Smith Partnership Ltd (Registered number: 05490579)

Balance Sheet
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 226 266

CURRENT ASSETS
Debtors 5 13,897 14,949

CREDITORS
Amounts falling due within one year 6 (9,548 ) (10,890 )
NET CURRENT ASSETS 4,349 4,059
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,575

4,325

CREDITORS
Amounts falling due after more than one
year

7

(4,144

)

(4,085

)
NET ASSETS 431 240

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 331 140
SHAREHOLDERS' FUNDS 431 240

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 December 2023 and were signed by:



G H Smith - Director


Glen Smith Partnership Ltd (Registered number: 05490579)

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

1. STATUTORY INFORMATION

Glen Smith Partnership Ltd 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.

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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 4,253 1,000 5,253
DEPRECIATION
At 1 July 2022 3,987 1,000 4,987
Charge for year 40 - 40
At 30 June 2023 4,027 1,000 5,027
NET BOOK VALUE
At 30 June 2023 226 - 226
At 30 June 2022 266 - 266

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 1,652
Other debtors 13,897 13,297
13,897 14,949

Glen Smith Partnership Ltd (Registered number: 05490579)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,621 5,995
Taxation and social security 3,677 3,695
Other creditors 1,250 1,200
9,548 10,890

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 4,144 4,085

8. CALLED UP SHARE CAPITAL

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

9. RESERVES
Retained
earnings
£   

At 1 July 2022 140
Profit for the year 191
At 30 June 2023 331

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
G H Smith
Balance outstanding at start of year 13,298 11,411
Amounts advanced 5,665 6,524
Amounts repaid (5,067 ) (4,637 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,896 13,298

There is no interest being charged on advances to directors and the amounts are repayable on demand.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Glen Smith Partnership Ltd

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 Glen Smith Partnership Ltd for the year ended 30 June 2023 which comprise the Profit and Loss Account, 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 the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Glen Smith Partnership Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Glen Smith Partnership Ltd and state those matters that we have agreed to state to the director of Glen Smith Partnership Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Glen Smith Partnership Ltd and its director for our work or for this report.

It is your duty to ensure that Glen Smith Partnership Ltd 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 Glen Smith Partnership Ltd. You consider that Glen Smith Partnership Ltd 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 Glen Smith Partnership Ltd. 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.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


7 December 2023