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REGISTERED NUMBER: 06147802















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

SMITH & WESTERN LINGFIELD LTD

SMITH & WESTERN LINGFIELD LTD (REGISTERED NUMBER: 06147802)






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


SMITH & WESTERN LINGFIELD LTD

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTORS: T T Cox
Ms S Cox





REGISTERED OFFICE: First Floor
8b Lonsdale Gardens
Tunbridge Well
Kent
TN1 1NU





REGISTERED NUMBER: 06147802





AUDITORS: Waight & Company Ltd
Statutory Auditors
8 Lonsdale Gardens
Tunbridge Wells
Kent
TN1 1NU

SMITH & WESTERN LINGFIELD LTD (REGISTERED NUMBER: 06147802)

BALANCE SHEET
30 June 2023

30.6.23 30.6.22
(Unaudited)
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,090 90,756

CURRENT ASSETS
Stocks 17,487 16,410
Debtors 5 235,537 200,103
Cash at bank and in hand 24,021 39,292
277,045 255,805
CREDITORS
Amounts falling due within one year 6 189,430 150,862
NET CURRENT ASSETS 87,615 104,943
TOTAL ASSETS LESS CURRENT
LIABILITIES

162,705

195,699

PROVISIONS FOR LIABILITIES 6,143 7,190
NET ASSETS 156,562 188,509

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 156,462 188,409
SHAREHOLDERS' FUNDS 156,562 188,509

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 April 2024 and were signed on its behalf by:




T T Cox - Director



Ms S Cox - Director


SMITH & WESTERN LINGFIELD LTD (REGISTERED NUMBER: 06147802)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Smith & Western Lingfield Ltd is a private company, limited by shares , registered in Not specified/Other. 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 - 5% on cost
Plant and machinery - 15% on reducing balance

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2022 - 26 ) .

SMITH & WESTERN LINGFIELD LTD (REGISTERED NUMBER: 06147802)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 183,215 184,873 368,088
DEPRECIATION
At 1 July 2022 135,833 141,499 277,332
Charge for year 9,160 6,506 15,666
At 30 June 2023 144,993 148,005 292,998
NET BOOK VALUE
At 30 June 2023 38,222 36,868 75,090
At 30 June 2022 47,382 43,374 90,756

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
(Unaudited)
£    £   
Amounts owed by group undertakings 235,537 200,103

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
(Unaudited)
£    £   
Trade creditors 86,152 56,813
Amounts owed to group undertakings 23,976 24,866
Taxation and social security 44,002 35,633
Other creditors 35,300 33,550
189,430 150,862

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Peter Waight (Senior Statutory Auditor)
for and on behalf of Waight & Company Ltd

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

SMITH & WESTERN LINGFIELD LTD (REGISTERED NUMBER: 06147802)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Smith & Western Restaurants Limited.

The company is a wholly owned subsidiary of Smith & Western Restaurants Limited.
Registered Office:
First Floor
8b Lonsdale Gardens
Tunbridge Wells
Kent
England
TN1 1NU