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Company No: 06929282 (England and Wales)

CAUSEBROOK SMITH LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2023
Pages for filing with the registrar

CAUSEBROOK SMITH LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2023

Contents

CAUSEBROOK SMITH LIMITED

COMPANY INFORMATION

For the financial year ended 31 October 2023
CAUSEBROOK SMITH LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 October 2023
DIRECTORS Catherine Causebrook
James Nicholas Causebrook
Samantha Laurin Smith
REGISTERED OFFICE 18 Northgate
Sleaford
NG34 7BJ
United Kingdom
BUSINESS ADDRESS Unit 1
Blankney Grange
Off Longwood Lane
Blankney
Lincoln
LN4 3BD
COMPANY NUMBER 06929282 (England and Wales)
ACCOUNTANT Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ
CAUSEBROOK SMITH LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 October 2023
CAUSEBROOK SMITH LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 October 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 808 1,079
808 1,079
Current assets
Debtors 4 101,217 101,210
Cash at bank and in hand 2,745 1,461
103,962 102,671
Creditors: amounts falling due within one year 5 ( 93,034) ( 82,545)
Net current assets 10,928 20,126
Total assets less current liabilities 11,736 21,205
Creditors: amounts falling due after more than one year 6 ( 16,514) ( 25,813)
Net liabilities ( 4,778) ( 4,608)
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account ( 4,878 ) ( 4,708 )
Total shareholders' deficit ( 4,778) ( 4,608)

For the financial year ending 31 October 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Causebrook Smith Limited (registered number: 06929282) were approved and authorised for issue by the Board of Directors on 07 March 2024. They were signed on its behalf by:

James Nicholas Causebrook
Director
CAUSEBROOK SMITH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
CAUSEBROOK SMITH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Causebrook Smith Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 18 Northgate, Sleaford, NG34 7BJ, United Kingdom. The principal place of business is Unit 1, Blankney Grange, Off Longwood Lane, Blankney, Lincoln, LN4 3BD.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

Whilst the company has negative shareholder funds, the accounts have been prepared on a going concern basis as the Director's have agreed to support the financial needs of the company. On this basis it is considered the company can successfully trade.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 November 2022 3,408 3,408
At 31 October 2023 3,408 3,408
Accumulated depreciation
At 01 November 2022 2,329 2,329
Charge for the financial year 271 271
At 31 October 2023 2,600 2,600
Net book value
At 31 October 2023 808 808
At 31 October 2022 1,079 1,079

4. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 101,108 101,108
Other debtors 109 102
101,217 101,210

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 10,098 10,648
Amounts owed to Group undertakings 76,675 67,975
Other taxation and social security 4,500 2,161
Other creditors 1,761 1,761
93,034 82,545

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 16,514 25,813

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
At the year-end date, the company owed J Causebrook 663 663

The loan is unsecured, interest free and repayable on demand.