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REGISTERED NUMBER: 03295926 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2023

for

W. E. Smith Holdings Limited

W. E. Smith Holdings Limited (Registered number: 03295926)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

W. E. Smith Holdings Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: N E Smith
P E J Smith
Mrs E Swaab





SECRETARY: N E Smith





REGISTERED OFFICE: 39 High Street
Wednesfield
Wolverhampton
West Midlands
WV11 1ST





BUSINESS ADDRESS: Units 8 & 9
Conduit Road
Norton Canes
Cannock
Staffordshire
WS11 9TJ





REGISTERED NUMBER: 03295926 (England and Wales)





ACCOUNTANTS: Crowther Jordan Limited
Chartered Accountants
39 High Street
Wednesfield
Wolverhampton
West Midlands
WV11 1ST

W. E. Smith Holdings Limited (Registered number: 03295926)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,744,946 1,673,100

CURRENT ASSETS
Debtors 5 1,406,621 1,359,330
Cash at bank 22,762 40,353
1,429,383 1,399,683
CREDITORS
Amounts falling due within one year 6 490,711 381,335
NET CURRENT ASSETS 938,672 1,018,348
TOTAL ASSETS LESS CURRENT LIABILITIES 2,683,618 2,691,448

PROVISIONS FOR LIABILITIES 57,109 52,621
NET ASSETS 2,626,509 2,638,827

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Merger reserve 1,007,400 958,846
Other reserves 215,210 197,256
Retained earnings 1,402,899 1,481,725
SHAREHOLDERS' FUNDS 2,626,509 2,638,827

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

W. E. Smith Holdings Limited (Registered number: 03295926)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 15 July 2024 and were signed on its behalf by:





N E Smith - Director


W. E. Smith Holdings Limited (Registered number: 03295926)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

W. E. Smith Holdings 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about W. E. Smith Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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.

Investments
Investments in group companies are valued at cost less provisions for permanent diminution in value.

Other investments are stated at fair value.

3. EMPLOYEES AND DIRECTORS

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

W. E. Smith Holdings Limited (Registered number: 03295926)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 1,151,047 714,254 1,865,301
Revaluations - 23,292 23,292
At 31 December 2023 1,151,047 737,546 1,888,593
PROVISIONS
At 1 January 2023 192,201 - 192,201

Provision written back (48,554 ) - (48,554 )
At 31 December 2023 143,647 - 143,647
NET BOOK VALUE
At 31 December 2023 1,007,400 737,546 1,744,946
At 31 December 2022 958,846 714,254 1,673,100

Cost or valuation at 31 December 2023 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2022 - 243,643 243,643
Valuation in 2023 - 23,292 23,292
Cost 1,151,047 470,611 1,621,658
1,151,047 737,546 1,888,593

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by related parties 1,406,621 1,359,330

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 1,800 2,220
Amounts owed to group undertakings 482,390 363,432
Taxation and social security 1,340 9,457
Other creditors 5,181 6,226
490,711 381,335

W. E. Smith Holdings Limited (Registered number: 03295926)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
W. E. Smith Holdings Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of W. E. Smith Holdings Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of W. E. Smith Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of W. E. Smith Holdings Limited and state those matters that we have agreed to state to the Board of Directors of W. E. Smith Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than W. E. Smith Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that W. E. Smith Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of W. E. Smith Holdings Limited. You consider that W. E. Smith Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of W. E. Smith Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Crowther Jordan Limited
Chartered Accountants
39 High Street
Wednesfield
Wolverhampton
West Midlands
WV11 1ST


15 July 2024