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REGISTERED NUMBER: 08869101 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

THOMAS W SMITH LIMITED

THOMAS W SMITH LIMITED (REGISTERED NUMBER: 08869101)






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


THOMAS W SMITH LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: T W Smith
J D Smith





REGISTERED OFFICE: Hardy House
Northbridge Road
Berkhamsted
Hertfordshire
HP4 1EF





REGISTERED NUMBER: 08869101 (England and Wales)





ACCOUNTANTS: Hillier Hopkins Accountants Limited
Trading as Colin Gray & Co
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

THOMAS W SMITH LIMITED (REGISTERED NUMBER: 08869101)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 50,000 55,000
Tangible assets 5 455 607
Investments 6 1,931,807 1,931,807
1,982,262 1,987,414

CURRENT ASSETS
Debtors 7 41,094 43,034

CREDITORS
Amounts falling due within one year 8 1,946,660 2,006,613
NET CURRENT LIABILITIES (1,905,566 ) (1,963,579 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,696

23,835

CREDITORS
Amounts falling due after more than one
year

9

13,333

23,333
NET ASSETS 63,363 502

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 63,243 382
SHAREHOLDERS' FUNDS 63,363 502

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.

THOMAS W SMITH LIMITED (REGISTERED NUMBER: 08869101)

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 19 September 2024 and were signed on its behalf by:





T W Smith - Director


THOMAS W SMITH LIMITED (REGISTERED NUMBER: 08869101)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty 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% reducing balance
Computer equipment-over 3 years straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 7 (2023 - 7 ) .

THOMAS W SMITH LIMITED (REGISTERED NUMBER: 08869101)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 100,000
AMORTISATION
At 1 April 2023 45,000
Charge for year 5,000
At 31 March 2024 50,000
NET BOOK VALUE
At 31 March 2024 50,000
At 31 March 2023 55,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 15,012
DEPRECIATION
At 1 April 2023 14,405
Charge for year 152
At 31 March 2024 14,557
NET BOOK VALUE
At 31 March 2024 455
At 31 March 2023 607

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 1,931,807
NET BOOK VALUE
At 31 March 2024 1,931,807
At 31 March 2023 1,931,807

THOMAS W SMITH LIMITED (REGISTERED NUMBER: 08869101)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,200 6,300
Other debtors 33,894 36,734
41,094 43,034

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,208 28,474
Trade creditors 2,584 189
Taxation and social security 4,865 9,009
Other creditors 1,917,003 1,968,941
1,946,660 2,006,613

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,333 23,333