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REGISTERED NUMBER: 08929238 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Smooth Finish Grp Ltd

Smooth Finish Grp Ltd (Registered number: 08929238)






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


Smooth Finish Grp Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: T Beech
K J Beech
P S Moulton
N J Moulton





REGISTERED OFFICE: 8 Old Forge Court
Colchester Road
Elmstead Market
Essex
CO7 7EA





REGISTERED NUMBER: 08929238 (England and Wales)





ACCOUNTANTS: Goody Chartered Accountants and Tax Advisors
Unit 8 Old Forge Court
Colchester Road
Elmstead Market
Colchester
Essex
CO7 7EA

Smooth Finish Grp Ltd (Registered number: 08929238)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,464 1,083

CURRENT ASSETS
Stocks 7,000 7,000
Debtors 5 2,016 1,050
Cash at bank and in hand 15,560 7,977
24,576 16,027
CREDITORS
Amounts falling due within one year 6 5,368 7,508
NET CURRENT ASSETS 19,208 8,519
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,672

9,602

CREDITORS
Amounts falling due after more than one
year

7

10,278

11,944
NET ASSETS/(LIABILITIES) 18,394 (2,342 )

CAPITAL AND RESERVES
Called up share capital 100 4
Share premium 29,956 -
Retained earnings (11,662 ) (2,346 )
SHAREHOLDERS' FUNDS 18,394 (2,342 )

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.

Smooth Finish Grp Ltd (Registered number: 08929238)

Balance Sheet - continued
31 March 2024


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 18 September 2024 and were signed on its behalf by:




K J Beech - Director



T Beech - Director


Smooth Finish Grp Ltd (Registered number: 08929238)

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

1. STATUTORY INFORMATION

Smooth Finish Grp Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Smooth Finish Grp Ltd (Registered number: 08929238)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 2,966
Additions 9,724
At 31 March 2024 12,690
DEPRECIATION
At 1 April 2023 1,883
Charge for year 1,343
At 31 March 2024 3,226
NET BOOK VALUE
At 31 March 2024 9,464
At 31 March 2023 1,083

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 490 1,050
Other debtors 1,526 -
2,016 1,050

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 3,305 4,401
Taxation and social security 477 171
Other creditors 1,586 2,936
5,368 7,508

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 10,278 11,944