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REGISTERED NUMBER: 12170158 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

SMACK LEAMINGTON LIMITED

SMACK LEAMINGTON LIMITED (REGISTERED NUMBER: 12170158)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SMACK LEAMINGTON LIMITED

COMPANY INFORMATION
for the year ended 30 September 2023







DIRECTOR: S A Smith



REGISTERED OFFICE: The Neighbourhood
44 Warwick Street
Leamington Spa
Warwickshire
CV32 5JS



REGISTERED NUMBER: 12170158 (England and Wales)



BANKERS: Lloyds TSB
Colmore Row
Birmingham

SMACK LEAMINGTON LIMITED (REGISTERED NUMBER: 12170158)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,804 9,425

CURRENT ASSETS
Stocks 5,730 14,148
Debtors 5 216,658 131,730
Cash at bank and in hand 31,594 90,253
253,982 236,131
CREDITORS
Amounts falling due within one year 6 228,348 202,335
NET CURRENT ASSETS 25,634 33,796
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,438

43,221

CREDITORS
Amounts falling due after more than one
year

7

23,334

33,333
NET ASSETS 7,104 9,888

CAPITAL AND RESERVES
Called up share capital 9 108 108
Retained earnings 6,996 9,780
SHAREHOLDERS' FUNDS 7,104 9,888

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

SMACK LEAMINGTON LIMITED (REGISTERED NUMBER: 12170158)

BALANCE SHEET - continued
30 September 2023


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 26 September 2024 and were signed by:





S A Smith - Director


SMACK LEAMINGTON LIMITED (REGISTERED NUMBER: 12170158)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2023

1. STATUTORY INFORMATION

Smack Leamington 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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

The financial statements are presented in sterling which is the functional currency of the company and is rounded to the nearest £1.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furniture & equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

SMACK LEAMINGTON LIMITED (REGISTERED NUMBER: 12170158)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023

2. ACCOUNTING POLICIES - continued

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 NIL (2022 - 23 ).

4. TANGIBLE FIXED ASSETS
Furniture
& equipment
£   
COST
At 1 October 2022 24,111
Additions 1,166
At 30 September 2023 25,277
DEPRECIATION
At 1 October 2022 14,686
Charge for year 5,787
At 30 September 2023 20,473
NET BOOK VALUE
At 30 September 2023 4,804
At 30 September 2022 9,425

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 40,379 -
Amounts owed by group undertakings 167,258 114,381
Other debtors 9,021 17,349
216,658 131,730

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 39,552 32,657
Amounts owed to group undertakings 89,431 75,039
Taxation and social security 7,369 14,328
Other creditors 81,996 70,311
228,348 202,335

SMACK LEAMINGTON LIMITED (REGISTERED NUMBER: 12170158)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 23,334 33,333

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year - 42,500

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
9,240 Ordinary shares A £0.01 0.01 92 92
1,630 Ordinary B 0.01 16 16
108 108

10. PENSION COMMITMENTS

The company operates a defined contribution pension scheme in respect of certain employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £460 (2021 - £125). At the balance sheet date the company had outstanding contributions of £102 (2021 - £NIL).

11. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.