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REGISTERED NUMBER: 06778559 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31st December 2023

for

Smytheman Architectural Services Limited

Smytheman Architectural Services Limited (Registered number: 06778559)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Smytheman Architectural Services Limited

Company Information
for the Year Ended 31st December 2023







DIRECTOR: T M Mountford





REGISTERED OFFICE: 12 High Street
Tean
Stoke-on-Trent
Staffordshire
ST10 4DZ





REGISTERED NUMBER: 06778559 (England and Wales)





ACCOUNTANTS: Rice & Co Limited
Chartered Accountants
14a Market Place
Uttoxeter
Staffordshire
ST14 8HP

Smytheman Architectural Services Limited (Registered number: 06778559)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,174 1,862
6,174 1,862

CURRENT ASSETS
Stocks 16,900 25,055
Debtors 6 146,194 90,826
Cash at bank and in hand 39,486 147,992
202,580 263,873
CREDITORS
Amounts falling due within one year 7 80,405 115,746
NET CURRENT ASSETS 122,175 148,127
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,349

149,989

CREDITORS
Amounts falling due after more than one
year

8

(19,062

)

(29,104

)

PROVISIONS FOR LIABILITIES (1,285 ) (430 )
NET ASSETS 108,002 120,455

Smytheman Architectural Services Limited (Registered number: 06778559)

Balance Sheet - continued
31st December 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 108,000 120,453
SHAREHOLDERS' FUNDS 108,002 120,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 16th September 2024 and were signed by:





T M Mountford - Director


Smytheman Architectural Services Limited (Registered number: 06778559)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Smytheman Architectural Services 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 presentation currency of the financial statements is the Pound Sterling (£).


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 comprises the value of sales ( excluding VAT, similar taxes and trade discounts) of services provided in the normal course of business. Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for services provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

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.

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
Computer equipment - 33% on cost

Work in progress
Work in progress is valued recognising the profit on contracts depenedent on the stage of completion of the contract at the year end date.

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.


Smytheman Architectural Services Limited (Registered number: 06778559)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st December 2023 20,000
AMORTISATION
At 1st January 2023
and 31st December 2023 20,000
NET BOOK VALUE
At 31st December 2023 -
At 31st December 2022 -

Smytheman Architectural Services Limited (Registered number: 06778559)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st January 2023 3,490 14,853 18,343
Additions - 6,685 6,685
At 31st December 2023 3,490 21,538 25,028
DEPRECIATION
At 1st January 2023 2,973 13,508 16,481
Charge for year 129 2,244 2,373
At 31st December 2023 3,102 15,752 18,854
NET BOOK VALUE
At 31st December 2023 388 5,786 6,174
At 31st December 2022 517 1,345 1,862

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 99,342 42,574
Other debtors 46,852 48,252
146,194 90,826

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,035 9,788
Trade creditors 5,209 1,931
Taxation and social security 62,151 100,925
Other creditors 3,010 3,102
80,405 115,746

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 19,062 29,104

Smytheman Architectural Services Limited (Registered number: 06778559)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 24,061 25,105
Between one and five years 33,944 65,656
58,005 90,761