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REGISTERED NUMBER: 06731236 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

SMITH & WESTERN (TUNBRIDGE WELLS) LTD

SMITH & WESTERN (TUNBRIDGE WELLS) LTD (REGISTERED NUMBER: 06731236)






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 (TUNBRIDGE WELLS) 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: 06731236 (England and Wales)





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

SMITH & WESTERN (TUNBRIDGE WELLS) LTD (REGISTERED NUMBER: 06731236)

BALANCE SHEET
30 June 2023

30.6.23 30.6.22
(Unaudited)
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 135,822 152,756

CURRENT ASSETS
Stocks 25,323 17,522
Debtors 5 177,157 174,568
Cash at bank and in hand 22,035 40,452
224,515 232,542
CREDITORS
Amounts falling due within one year 6 716,941 613,009
NET CURRENT LIABILITIES (492,426 ) (380,467 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(356,604

)

(227,711

)

PROVISIONS FOR LIABILITIES 4,944 5,888
NET LIABILITIES (361,548 ) (233,599 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (361,648 ) (233,699 )
SHAREHOLDERS' FUNDS (361,548 ) (233,599 )

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 (TUNBRIDGE WELLS) LTD (REGISTERED NUMBER: 06731236)

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

1. STATUTORY INFORMATION

Smith & Western (Tunbridge Wells) 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.

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
Fixtures and fittings - 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 51 (2022 - 43 ) .

SMITH & WESTERN (TUNBRIDGE WELLS) LTD (REGISTERED NUMBER: 06731236)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 July 2022 327,021 286,731 613,752
Additions - 8,310 8,310
At 30 June 2023 327,021 295,041 622,062
DEPRECIATION
At 1 July 2022 225,249 235,747 460,996
Charge for year 16,351 8,893 25,244
At 30 June 2023 241,600 244,640 486,240
NET BOOK VALUE
At 30 June 2023 85,421 50,401 135,822
At 30 June 2022 101,772 50,984 152,756

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
(Unaudited)
£    £   
Amounts owed by group undertakings 177,157 106,568
Other debtors - 68,000
177,157 174,568

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
(Unaudited)
£    £   
Trade creditors 149,434 50,592
Amounts owed to group undertakings 379,182 397,150
Taxation and social security 37,835 27,225
Other creditors 150,490 138,042
716,941 613,009

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

SMITH & WESTERN (TUNBRIDGE WELLS) LTD (REGISTERED NUMBER: 06731236)

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

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.

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