SMUKE HUT LTD
Registered number: 12289773
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,704 4,630
Current assets
Stocks 13,863 19,751
Debtors 4 2,400 2,400
Cash at bank and in hand 1,143 2,275
17,406 24,426
Creditors: amounts falling due within one year 5 (618) (594)
Net current assets 16,788 23,832
Total assets less current liabilities 20,492 28,462
Creditors: amounts falling due after more than one year 6 (46,053) (43,056)
Net liabilities (25,561) (14,594)
Capital and reserves
Called up share capital 1 1
Profit and loss account (25,562) (14,595)
Shareholders' funds (25,561) (14,594)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A. Aremu
Director
Approved by the board on 26 July 2024
SMUKE HUT LTD
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Equipment Fixtures & Fittings Total
£ £ £
Cost
At 31 October 2023 4,258 4,786 9,044
Depreciation
At 1 November 2022 2,078 2,336 4,414
Charge for the year 436 490 926
At 31 October 2023 2,514 2,826 5,340
Net book value
At 31 October 2023 1,744 1,960 3,704
At 31 October 2022 2,180 2,450 4,630
4 Debtors 2023 2022
£ £
Other debtors 2,400 2,400
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 618 594
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 46,053 43,056
7 Other information
SMUKE HUT LTD is a private company limited by shares and incorporated in England. Its registered office is:
14 High Street
Thornton Heath
CR7 8LE
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