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REGISTERED NUMBER: 12736852 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Smithurst Solutions Limited

Smithurst Solutions Limited (Registered number: 12736852)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Smithurst Solutions Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: A J Smithurst
Mrs C A Garrett



SECRETARY: A J Smithurst



REGISTERED OFFICE: 28 Carr Road
Calverley
Leeds
West Yorkshire
LS28 5RH



REGISTERED NUMBER: 12736852 (England and Wales)



ACCOUNTANTS: Thornhill Accountancy Services
Chartered Accountants
88 Thornhill Street
Calverley
Leeds
LS28 5PD



BANKERS: ClearBank Limited
4th Floor
133 Houndsditch
London
EC3 7AH

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Smithurst Solutions 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 Smithurst Solutions Limited for the year ended 31 July 2024 which comprise the Income Statement, Balance Sheet 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 Smithurst Solutions Limited, as a body, in accordance with the terms of our engagement letter dated 10 June 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Smithurst Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Smithurst Solutions 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 Smithurst Solutions Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Smithurst Solutions 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 Smithurst Solutions Limited. You consider that Smithurst Solutions 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 Smithurst Solutions 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.






Thornhill Accountancy Services
Chartered Accountants
88 Thornhill Street
Calverley
Leeds
LS28 5PD


12 September 2024

Smithurst Solutions Limited (Registered number: 12736852)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,238 696

CURRENT ASSETS
Debtors 5 36,114 11,125
Cash at bank 4,296 42,226
40,410 53,351
CREDITORS
Amounts falling due within one year 6 39,437 48,238
NET CURRENT ASSETS 973 5,113
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,211

5,809

PROVISIONS FOR LIABILITIES 291 132
NET ASSETS 1,920 5,677

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,820 5,577
1,920 5,677

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 12 September 2024 and were signed on its behalf by:



A J Smithurst - Director


Smithurst Solutions Limited (Registered number: 12736852)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Smithurst Solutions 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover comprises the value of services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost of the assets, less their estimated residual value, over their estimated useful lives on the following basis:

Computer equipment 35% reducing balance
Other office equipment 25% reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Smithurst Solutions Limited (Registered number: 12736852)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2023 1,982
Additions 1,207
At 31 July 2024 3,189
DEPRECIATION
At 1 August 2023 1,286
Charge for year 665
At 31 July 2024 1,951
NET BOOK VALUE
At 31 July 2024 1,238
At 31 July 2023 696

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 10,382 9,814
Other debtors 25,732 1,311
36,114 11,125

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors - 136
Taxation and social security 34,452 38,970
Other creditors 4,985 9,132
39,437 48,238

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.7.24 31.7.23
£    £   
A J Smithurst
Balance outstanding at start of year - 8,595
Amounts advanced 25,000 -
Amounts repaid - (8,595 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,000 -

This advance was repaid on 11 September 2024 and interest was charged at 2.25% per annum

Smithurst Solutions Limited (Registered number: 12736852)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £91,400 (2023 - £155,000) were paid to the directors .