IRIS Accounts Production v24.2.0.383 06909550 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false false true false Ordinary. 0.010 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069095502022-11-30069095502023-11-30069095502022-12-012023-11-30069095502021-11-30069095502021-12-012022-11-30069095502022-11-3006909550ns15:EnglandWales2022-12-012023-11-3006909550ns14:PoundSterling2022-12-012023-11-3006909550ns10:Director12022-12-012023-11-3006909550ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3006909550ns10:SmallEntities2022-12-012023-11-3006909550ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3006909550ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3006909550ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3006909550ns10:FullAccounts2022-12-012023-11-300690955012022-12-012023-11-3006909550ns10:OrdinaryShareClass22022-12-012023-11-3006909550ns10:Director22022-12-012023-11-3006909550ns10:RegisteredOffice2022-12-012023-11-3006909550ns5:CurrentFinancialInstruments2023-11-3006909550ns5:CurrentFinancialInstruments2022-11-3006909550ns5:Non-currentFinancialInstruments2023-11-3006909550ns5:Non-currentFinancialInstruments2022-11-3006909550ns5:ShareCapital2023-11-3006909550ns5:ShareCapital2022-11-3006909550ns5:RetainedEarningsAccumulatedLosses2023-11-3006909550ns5:RetainedEarningsAccumulatedLosses2022-11-3006909550ns5:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3006909550ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-12-012023-11-3006909550ns5:ComputerEquipment2022-12-012023-11-3006909550ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-11-3006909550ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-11-3006909550ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-11-3006909550ns5:ComputerEquipment2022-11-3006909550ns5:ComputerEquipment2023-11-3006909550ns5:ComputerEquipment2022-11-3006909550ns5:CostValuation2022-11-3006909550ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3006909550ns5:WithinOneYearns5:CurrentFinancialInstruments2022-11-3006909550ns10:OrdinaryShareClass22023-11-3006909550ns5:RetainedEarningsAccumulatedLosses2022-11-3006909550ns5:RetainedEarningsAccumulatedLosses2022-12-012023-11-30
REGISTERED NUMBER: 06909550 (England and Wales)















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: A Newell
H Sudbury





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 06909550 (England and Wales)





Accountants: Cooper Parry
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 4 195,877 418,256
Tangible assets 5 424 849
Investments 6 9 9
196,310 419,114

Current assets
Debtors 7 76,681 69,101
Cash at bank 20,875 207,185
97,556 276,286
Creditors
Amounts falling due within one year 8 43,054 111,154
Net current assets 54,502 165,132
Total assets less current liabilities 250,812 584,246

Creditors
Amounts falling due after more than one
year

9

2,097,000

2,097,000
Net liabilities (1,846,188 ) (1,512,754 )

Capital and reserves
Called up share capital 10 100 100
Retained earnings 11 (1,846,288 ) (1,512,854 )
Shareholders' funds (1,846,188 ) (1,512,754 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

This Is Smith Limited (Registered number: 06909550)

Balance Sheet - continued
30 November 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 by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





H Sudbury - Director


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 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 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.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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 4 (2022 - 3 ) .

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 1,814,588
Additions 39,586
At 30 November 2023 1,854,174
Amortisation
At 1 December 2022 1,396,332
Amortisation for year 261,965
At 30 November 2023 1,658,297
Net book value
At 30 November 2023 195,877
At 30 November 2022 418,256

5. Tangible fixed assets
Computer
equipment
£
Cost
At 1 December 2022
and 30 November 2023 2,571
Depreciation
At 1 December 2022 1,722
Charge for year 425
At 30 November 2023 2,147
Net book value
At 30 November 2023 424
At 30 November 2022 849

6. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 December 2022
and 30 November 2023 9
Net book value
At 30 November 2023 9
At 30 November 2022 9

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 57,479 57,479
Other debtors 19,202 11,622
76,681 69,101

8. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 13,092 13,228
Taxation and social security 4,587 59,593
Other creditors 25,375 38,333
43,054 111,154

9. Creditors: amounts falling due after more than one year
2023 2022
£ £
Other creditors 2,097,000 2,097,000

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1,000,000 Ordinary. 0.0001p 100 100

11. Reserves
Retained
earnings
£

At 1 December 2022 (1,512,854 )
Deficit for the year (333,434 )
At 30 November 2023 (1,846,288 )

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.