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REGISTERED NUMBER: 06847255 (England and Wales)






C & I Smith Building Contractors Limited

Financial Statements

for the Year Ended 31 March 2024






C & I Smith Building Contractors Limited (Registered number: 06847255)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C & I Smith Building Contractors Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Mr I Smith
Mr M R France





REGISTERED OFFICE: 26 Moxon Way
Outwood
Wakefield
West Yorkshire
WF1 3HD





REGISTERED NUMBER: 06847255 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

C & I Smith Building Contractors Limited (Registered number: 06847255)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,141 9,711
7,141 9,711

CURRENT ASSETS
Debtors 6 276,187 246,343
Cash at bank and in hand 104,208 261,598
380,395 507,941
CREDITORS
Amounts falling due within one year 7 143,394 184,047
NET CURRENT ASSETS 237,001 323,894
TOTAL ASSETS LESS CURRENT
LIABILITIES

244,142

333,605

C & I Smith Building Contractors Limited (Registered number: 06847255)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 8 120 120
Capital redemption reserve 55 55
Retained earnings 243,967 333,430
SHAREHOLDERS' FUNDS 244,142 333,605

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 2 September 2024 and were signed on its behalf by:




Mr M R France - Director



Mr I Smith - Director


C & I Smith Building Contractors Limited (Registered number: 06847255)

Notes to the Financial Statements
for the year ended 31 March 2024


1. STATUTORY INFORMATION

C & I Smith Building Contractors 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.

The functional and presentation currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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 which is stated net of value added tax represents amounts invoiced to third parties except in respect of long term contracts, where turnover represents the sales value of work done in the year including estimates in respect of amounts not invoiced.Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, has been fully amortised in the accounts.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded at cost.

Financial instruments
The company has elected to apply the provision of Section 11 "Basic Financial Information" and Section 12 "Other Financial Issues" of FRS 102 to all its financial instruments.

Financial instruments are recognised in the Company's balance sheet when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


C & I Smith Building Contractors Limited (Registered number: 06847255)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


2. ACCOUNTING POLICIES - continued
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
During the financial year the company made employer contributions into the director's personal pension schemes. Contributions payable to the pension schemes are charged to the profit and loss account in the period to which they relate.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 April 2023
and 31 March 2024 100,000
AMORTISATION
At 1 April 2023
and 31 March 2024 100,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

C & I Smith Building Contractors Limited (Registered number: 06847255)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£ £ £
COST
At 1 April 2023
and 31 March 2024 14,123 15,750 29,873
DEPRECIATION
At 1 April 2023 5,856 14,306 20,162
Charge for year 2,209 361 2,570
At 31 March 2024 8,065 14,667 22,732
NET BOOK VALUE
At 31 March 2024 6,058 1,083 7,141
At 31 March 2023 8,267 1,444 9,711

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 30,139 54,407
Amounts recoverable on contract 215,302 133,502
Directors' current accounts 6,261 7,355
Tax 1,839 24,306
VAT 20,056 23,395
Prepayments and accrued income 2,590 3,378
276,187 246,343

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 89,037 91,855
Corporation tax 34,323 53,720
PAYE control 2,377 1,823
Other creditors 2,361 13,972
Directors' current accounts 885 885
Accruals and deferred income 14,411 21,792
143,394 184,047

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
120 Ordinary £1 120 120

C & I Smith Building Contractors Limited (Registered number: 06847255)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£ £
Mr I Smith
Balance outstanding at start of year 7,355 38,728
Amounts repaid (1,094 ) (31,373 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,261 7,355