Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31truefalse2023-04-01falseProperty development22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06160995 2023-04-01 2024-03-31 06160995 2022-04-01 2023-03-31 06160995 2024-03-31 06160995 2023-03-31 06160995 c:Director2 2023-04-01 2024-03-31 06160995 d:ComputerEquipment 2023-04-01 2024-03-31 06160995 d:ComputerEquipment 2024-03-31 06160995 d:ComputerEquipment 2023-03-31 06160995 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06160995 d:CurrentFinancialInstruments 2024-03-31 06160995 d:CurrentFinancialInstruments 2023-03-31 06160995 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06160995 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06160995 d:ShareCapital 2024-03-31 06160995 d:ShareCapital 2023-03-31 06160995 d:RetainedEarningsAccumulatedLosses 2024-03-31 06160995 d:RetainedEarningsAccumulatedLosses 2023-03-31 06160995 c:OrdinaryShareClass1 2023-04-01 2024-03-31 06160995 c:OrdinaryShareClass1 2024-03-31 06160995 c:OrdinaryShareClass2 2023-04-01 2024-03-31 06160995 c:OrdinaryShareClass2 2024-03-31 06160995 c:FRS102 2023-04-01 2024-03-31 06160995 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06160995 c:FullAccounts 2023-04-01 2024-03-31 06160995 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06160995 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 06160995









MR & MRS SMITH LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
MR & MRS SMITH LIMITED
REGISTERED NUMBER: 06160995

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
110
220

  
110
220

CURRENT ASSETS
  

Stocks
 5 
852,510
848,224

Cash at bank and in hand
  
468
2,050

  
852,978
850,274

Creditors: amounts falling due within one year
 6 
(569,678)
(548,938)

NET CURRENT ASSETS
  
 
 
283,300
 
 
301,336

TOTAL ASSETS LESS CURRENT LIABILITIES
  
283,410
301,556

  

NET ASSETS
  
283,410
301,556


CAPITAL AND RESERVES
  

Called up share capital 
 9 
2
2

Profit and loss account
  
283,408
301,554

  
283,410
301,556


Page 1

 
MR & MRS SMITH LIMITED
REGISTERED NUMBER: 06160995
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






S L Smith
Director

Date: 12 September 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MR & MRS SMITH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


GENERAL INFORMATION

The Company is a private company limited by shares and incorporated in England and Wales. Its registered office address is 16 Mill Lane, Burwell, Cambridge, CB25 0HJ.
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover comprises revenue recognised by the Company in respect of rental income during the year, exclusive of Value Added Tax and trade discounts. Revenue is recognised as the fair value of the consideration received or receivable.

 
2.3

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 3

 
MR & MRS SMITH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

STOCKS AND WORK IN PROGRESS

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

 
2.7

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

CREDITORS

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
MR & MRS SMITH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


TANGIBLE FIXED ASSETS





Computer equipment

£



COST OR VALUATION


At 1 April 2023
330



At 31 March 2024

330



DEPRECIATION


At 1 April 2023
110


Charge for the year on owned assets
110



At 31 March 2024

220



NET BOOK VALUE



At 31 March 2024
110



At 31 March 2023
220


5.


STOCKS

2024
2023
£
£

Work in progress
852,510
848,224

852,510
848,224



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Corporation tax
-
61,318

Other creditors
567,708
485,720

Accruals and deferred income
1,970
1,900

569,678
548,938


Page 5

 
MR & MRS SMITH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR





8.


LOANS


Analysis of the maturity of loans is given below:






9.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1  Ordinary A share of £1
1
1
1 Ordinary B share of £1
1
1

2

2


 
Page 6