IRIS Accounts Production v24.1.0.578 07697082 Board of Directors Board of Directors 1.7.22 30.6.23 30.6.23 5.4.24 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076970822022-06-30076970822023-06-30076970822022-07-012023-06-30076970822021-06-30076970822021-07-012022-06-30076970822022-06-3007697082ns15:EnglandWales2022-07-012023-06-3007697082ns14:PoundSterling2022-07-012023-06-3007697082ns10:Director12022-07-012023-06-3007697082ns10:Director22022-07-012023-06-3007697082ns10:PrivateLimitedCompanyLtd2022-07-012023-06-3007697082ns10:SmallEntities2022-07-012023-06-3007697082ns10:Audited2022-07-012023-06-3007697082ns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3007697082ns10:SmallCompaniesRegimeForAccounts2022-07-012023-06-3007697082ns10:FullAccounts2022-07-012023-06-3007697082ns10:RegisteredOffice2022-07-012023-06-3007697082ns5:CurrentFinancialInstruments2023-06-3007697082ns5:CurrentFinancialInstruments2022-06-3007697082ns5:ShareCapital2023-06-3007697082ns5:ShareCapital2022-06-3007697082ns5:RetainedEarningsAccumulatedLosses2023-06-3007697082ns5:RetainedEarningsAccumulatedLosses2022-06-3007697082ns5:PlantMachinery2022-07-012023-06-3007697082ns5:PlantMachinery2022-06-3007697082ns5:FurnitureFittings2022-06-3007697082ns5:FurnitureFittings2022-07-012023-06-3007697082ns5:PlantMachinery2023-06-3007697082ns5:FurnitureFittings2023-06-3007697082ns5:PlantMachinery2022-06-3007697082ns5:FurnitureFittings2022-06-3007697082ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3007697082ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-30
REGISTERED NUMBER: 07697082 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

SMITH & WESTERN (TILGATE) LTD

SMITH & WESTERN (TILGATE) LTD (REGISTERED NUMBER: 07697082)






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 (TILGATE) LTD

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTORS: T T Cox
Ms S Cox





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





REGISTERED NUMBER: 07697082 (England and Wales)





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

SMITH & WESTERN (TILGATE) LTD (REGISTERED NUMBER: 07697082)

BALANCE SHEET
30 June 2023

30.6.23 30.6.22
(Unaudited)
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 105,357 88,203

CURRENT ASSETS
Stocks 28,689 30,062
Debtors 5 1,384,328 1,562,855
Cash at bank and in hand 28,123 62,978
1,441,140 1,655,895
CREDITORS
Amounts falling due within one year 6 759,597 763,397
NET CURRENT ASSETS 681,543 892,498
TOTAL ASSETS LESS CURRENT
LIABILITIES

786,900

980,701

PROVISIONS FOR LIABILITIES 17,873 14,106
NET ASSETS 769,027 966,595

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 768,927 966,495
SHAREHOLDERS' FUNDS 769,027 966,595

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 (TILGATE) LTD (REGISTERED NUMBER: 07697082)

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

1. STATUTORY INFORMATION

Smith & Western (Tilgate) 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.
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.

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 89 (2022 - 85 ) .

SMITH & WESTERN (TILGATE) LTD (REGISTERED NUMBER: 07697082)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 July 2022 298,528 51,068 349,596
Additions 34,092 - 34,092
At 30 June 2023 332,620 51,068 383,688
DEPRECIATION
At 1 July 2022 233,462 27,931 261,393
Charge for year 13,467 3,471 16,938
At 30 June 2023 246,929 31,402 278,331
NET BOOK VALUE
At 30 June 2023 85,691 19,666 105,357
At 30 June 2022 65,066 23,137 88,203

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
(Unaudited)
£    £   
Amounts owed by group undertakings 1,379,383 1,554,430
Other debtors 4,945 8,425
1,384,328 1,562,855

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
(Unaudited)
£    £   
Trade creditors 149,236 124,080
Amounts owed to group undertakings 342,429 348,859
Taxation and social security 209,473 209,764
Other creditors 58,459 80,694
759,597 763,397

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 (TILGATE) LTD (REGISTERED NUMBER: 07697082)

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 Ltd.

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