Smiths Secure Ltd NI638240 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is intended to be the supply of windows and doors to the custodial sector Digita Accounts Production Advanced 6.30.9574.0 true true NI638240 2022-11-01 2023-10-31 NI638240 2023-10-31 NI638240 bus:OrdinaryShareClass1 2023-10-31 NI638240 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 NI638240 bus:SmallEntities 2022-11-01 2023-10-31 NI638240 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 NI638240 bus:FullAccounts 2022-11-01 2023-10-31 NI638240 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 NI638240 bus:RegisteredOffice 2022-11-01 2023-10-31 NI638240 bus:Director1 2022-11-01 2023-10-31 NI638240 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 NI638240 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 NI638240 countries:NorthernIreland 2022-11-01 2023-10-31 NI638240 2021-11-01 2022-10-31 NI638240 2022-10-31 NI638240 bus:OrdinaryShareClass1 2022-10-31 NI638240 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI638240

Smiths Secure Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

Smiths Secure Ltd

(Registration number: NI638240)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

7,568

7,768

Creditors: Amounts falling due within one year

4

(8,014)

(8,014)

Net liabilities

 

(446)

(246)

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

(546)

(346)

Shareholders' deficit

 

(446)

(246)

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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 July 2024
 

.........................................
Mr Darwin Smith
Director

 

Smiths Secure Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: Unit 16, Pennybridge Industrial Estate, Ballymena, Co. Antrim, BT42 3HB.

These financial statements were authorised for issue by the director on 18 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

 

Smiths Secure Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

179

179

Accruals and deferred income

500

500

Other creditors

7,335

7,335

8,014

8,014

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         
 

Smiths Secure Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

6

Related party transactions

Included on the balance sheet is an amount in trade creditors of £7,336 (2021: £7,336) which relates to Smith's Engineering Works (Northern Ireland) Limited.

Smith's Engineering Works (Northern Ireland) Limited is related by virtue of common directors and shareholder. All of these transactions were carried out on an arms length basis.