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REGISTERED NUMBER: 06721565 (England and Wales)








REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

ERIC SMITH ASSOCIATES LIMITED

ERIC SMITH ASSOCIATES LIMITED (REGISTERED NUMBER: 06721565)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


ERIC SMITH ASSOCIATES LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTORS: Mr E Smith
Mrs H A Smith





SECRETARY: Mr E Smith





REGISTERED OFFICE: Britannic House
657 Liverpool Road
Irlam
Manchester
M44 5XD





BUSINESS ADDRESS: 5 Lower Strines Road
Marple
Stockport
Cheshire
SK6 7DL





REGISTERED NUMBER: 06721565 (England and Wales)





ACCOUNTANTS: Cadishead Accountancy Services Limited
Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD

ERIC SMITH ASSOCIATES LIMITED (REGISTERED NUMBER: 06721565)

REPORT OF THE DIRECTORS
for the Year Ended 31 October 2023

The directors present their report with the financial statements of the company for the year ended 31 October 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of training provider.

DIRECTORS
The directors set out in the table below have held office during the whole of the period from 1 November 2022 to the date of this report.

The beneficial interests of the directors holding office at 31 October 2023 in the shares of the company, according to the register of directors' interests, were as follows:

31.10.23 1.11.22
Ordinary A shares of £1 each
Mr E Smith 1 1
Mrs H A Smith 2 2

Ordinary B shares of £1 each
Mr E Smith - -
Mrs H A Smith 1 1

Ordinary C shares of £1 each
Mr E Smith - -
Mrs H A Smith 1 1

These directors did not hold any non-beneficial interests in any of the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr E Smith - Director


12 January 2024

ERIC SMITH ASSOCIATES LIMITED (REGISTERED NUMBER: 06721565)

BALANCE SHEET
31 October 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 158,809 155,976
158,809 155,976

CURRENT ASSETS
Debtors 6 5,214 12,429
Cash at bank 119,059 123,363
124,273 135,792
CREDITORS
Amounts falling due within one year 7 (41,357 ) (34,470 )
NET CURRENT ASSETS 82,916 101,322
TOTAL ASSETS LESS CURRENT
LIABILITIES

241,725

257,298

PROVISIONS FOR LIABILITIES (538 ) -
NET ASSETS 241,187 257,298

CAPITAL AND RESERVES
Called up share capital 5 5
Fair value reserve 8 (1,893 ) (4,188 )
Retained earnings 243,075 261,481
SHAREHOLDERS' FUNDS 241,187 257,298

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ERIC SMITH ASSOCIATES LIMITED (REGISTERED NUMBER: 06721565)

BALANCE SHEET - continued
31 October 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 January 2024 and were signed on its behalf by:





Mr E Smith - Director


ERIC SMITH ASSOCIATES LIMITED (REGISTERED NUMBER: 06721565)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Eric Smith Associates Limited 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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments
The St James's portfolio investment is shown in the accounts at the latest valuation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

ERIC SMITH ASSOCIATES LIMITED (REGISTERED NUMBER: 06721565)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 387 5,899 6,286
DEPRECIATION
At 1 November 2022
and 31 October 2023 387 5,899 6,286
NET BOOK VALUE
At 31 October 2023 - - -
At 31 October 2022 - - -

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.10.23 31.10.22
£    £   
Investments 155,975 176,249
Additions - 1,525
Investment revaluation 2,834 (21,798 )
158,809 155,976

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 5,214 6,458
Other debtors - 5,971
5,214 12,429

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors - 662
Taxation and social security 4,375 4,033
Other creditors 36,982 29,775
41,357 34,470

ERIC SMITH ASSOCIATES LIMITED (REGISTERED NUMBER: 06721565)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

8. RESERVES
Fair
value
reserve
£   
At 1 November 2022 (4,188 )
Transfer to fair value reserve 2,295

At 31 October 2023 (1,893 )

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs H A Smith.