REGISTERED NUMBER: |
This Is Smith Limited |
Financial Statements |
for the Year Ended 30 November 2023 |
REGISTERED NUMBER: |
This Is Smith Limited |
Financial Statements |
for the Year Ended 30 November 2023 |
This Is Smith Limited (Registered number: 06909550) |
Contents of the Financial Statements |
for the year ended 30 November 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
This Is Smith Limited |
Company Information |
for the year ended 30 November 2023 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
New Derwent House |
69-73 Theobalds Road |
London |
WC1X 8TA |
This Is Smith Limited (Registered number: 06909550) |
Balance Sheet |
30 November 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
Current assets |
Debtors | 7 |
Cash at bank |
Creditors |
Amounts falling due within one year | 8 |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
9 |
Net liabilities | ( |
) | ( |
) |
Capital and reserves |
Called up share capital | 10 |
Retained earnings | 11 | ( |
) | ( |
) |
Shareholders' funds | ( |
) | ( |
) |
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. |
This Is Smith Limited (Registered number: 06909550) |
Balance Sheet - continued |
30 November 2023 |
The financial statements were approved by the Board of Directors and authorised for issue on |
This Is Smith Limited (Registered number: 06909550) |
Notes to the Financial Statements |
for the year ended 30 November 2023 |
1. | Statutory information |
This Is Smith Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
Preparation of consolidated financial statements |
The financial statements contain information about This Is Smith 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. |
Turnover |
Turnover represents amounts receivable for [goods/services] provided in the year and is stated net of VAT. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Computer equipment | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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. |
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. |
Going concern |
The financial statements have been prepared on a going concern basis, which is dependent upon the company's creditors' continuing to provide the necessary facilities to enable the company to continue in operation for the foreseeable future. |
3. | Employees and directors |
The average number of employees during the year was |
This Is Smith Limited (Registered number: 06909550) |
Notes to the Financial Statements - continued |
for the year ended 30 November 2023 |
4. | Intangible fixed assets |
Development |
costs |
£ |
Cost |
At 1 December 2022 |
Additions |
At 30 November 2023 |
Amortisation |
At 1 December 2022 |
Amortisation for year |
At 30 November 2023 |
Net book value |
At 30 November 2023 |
At 30 November 2022 |
5. | Tangible fixed assets |
Computer |
equipment |
£ |
Cost |
At 1 December 2022 |
and 30 November 2023 |
Depreciation |
At 1 December 2022 |
Charge for year |
At 30 November 2023 |
Net book value |
At 30 November 2023 |
At 30 November 2022 |
6. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
At 1 December 2022 |
and 30 November 2023 |
Net book value |
At 30 November 2023 |
At 30 November 2022 |
This Is Smith Limited (Registered number: 06909550) |
Notes to the Financial Statements - continued |
for the year ended 30 November 2023 |
7. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
8. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
9. | Creditors: amounts falling due after more than one year |
2023 | 2022 |
£ | £ |
Other creditors |
10. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary. | 0.0001p | 100 | 100 |
11. | Reserves |
Retained |
earnings |
£ |
At 1 December 2022 | ( |
) |
Deficit for the year | ( |
) |
At 30 November 2023 | ( |
) |
12. | Related party disclosures |
Included within other debtors is £57,479 (2022: £57,479) owed by the subsidiary company. |
Included within other creditors, due after more than one year, is £2,097,000 (2022: £2,097,000) owed to a connected party. |