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REGISTERED NUMBER: 11844935 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

SMITH & WESTERN (BOXHILL) LTD

SMITH & WESTERN (BOXHILL) LTD (REGISTERED NUMBER: 11844935)






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 (BOXHILL) LTD

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTORS: Ms S Cox
T T Cox





REGISTERED OFFICE: 1st Floor 8b Lonsdale Gardens
Tunbridge Wells
Kent
TN1 1NU





REGISTERED NUMBER: 11844935 (England and Wales)





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

SMITH & WESTERN (BOXHILL) LTD (REGISTERED NUMBER: 11844935)

BALANCE SHEET
30 June 2023

30.6.23 30.6.22
(Unaudited)
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,597 40,838

CURRENT ASSETS
Stocks 23,751 22,244
Debtors 5 760,655 807,728
Cash at bank and in hand 22,445 44,353
806,851 874,325
CREDITORS
Amounts falling due within one year 6 367,650 329,825
NET CURRENT ASSETS 439,201 544,500
TOTAL ASSETS LESS CURRENT
LIABILITIES

477,798

585,338

PROVISIONS FOR LIABILITIES 7,334 7,759
NET ASSETS 470,464 577,579

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 470,364 577,479
470,464 577,579

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 (BOXHILL) LTD (REGISTERED NUMBER: 11844935)

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

1. STATUTORY INFORMATION

Smith & Western (Boxhill) 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.
Land and buildings - in accordance with the property
Plant and machinery etc - 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 60 (2022 - 60 ) .

SMITH & WESTERN (BOXHILL) LTD (REGISTERED NUMBER: 11844935)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022 4,487 62,810 67,297
Additions - 4,200 4,200
At 30 June 2023 4,487 67,010 71,497
DEPRECIATION
At 1 July 2022 4,487 21,972 26,459
Charge for year - 6,441 6,441
At 30 June 2023 4,487 28,413 32,900
NET BOOK VALUE
At 30 June 2023 - 38,597 38,597
At 30 June 2022 - 40,838 40,838

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
(Unaudited)
£    £   
Amounts owed by group undertakings 741,802 792,728
Other debtors 18,853 15,000
760,655 807,728

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
(Unaudited)
£    £   
Trade creditors 131,097 94,361
Amounts owed to group undertakings - 3,069
Taxation and social security 152,081 182,938
Other creditors 84,472 49,457
367,650 329,825

SMITH & WESTERN (BOXHILL) LTD (REGISTERED NUMBER: 11844935)

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

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.23 30.6.22
(Unaudited)
£    £   
Within one year 48,000 64,000
Between one and five years - 48,000
48,000 112,000

8. 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

9. 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.

10. 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