SMITH ELITE METALS LIMITED

Company Registration Number:
06164674 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

SMITH ELITE METALS LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Balance sheet
Notes

SMITH ELITE METALS LIMITED

Balance sheet

As at 31 July 2023


Notes

2023

10 months to 31 July 2022


£

£
Fixed assets
Tangible assets: 3 96,725 101,758
Total fixed assets: 96,725 101,758
Current assets
Stocks: 87,195 67,753
Cash at bank and in hand: 40,124 24,971
Total current assets: 127,319 92,724
Creditors: amounts falling due within one year:   (142,376) (57,964)
Net current assets (liabilities): (15,057) 34,760
Total assets less current liabilities: 81,668 136,518
Provision for liabilities: (15,411) (15,411)
Total net assets (liabilities): 66,257 121,107
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 66,157 121,007
Shareholders funds: 66,257 121,107

The notes form part of these financial statements

SMITH ELITE METALS LIMITED

Balance sheet statements

For the year ending 31 July 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 08 September 2024
and signed on behalf of the board by:

Name: Paul Andrew Smith0
Status: Director

The notes form part of these financial statements

SMITH ELITE METALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SMITH ELITE METALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

2. Employees

2023 10 months to 31 July 2022
Average number of employees during the period 7 7

SMITH ELITE METALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible Assets

Total
Cost £
At 01 August 2022 101,758
At 31 July 2023 101,758
Depreciation
At 01 August 2022 0
Charge for year 5,033
At 31 July 2023 5,033
Net book value
At 31 July 2023 96,725
At 31 July 2022 101,758