VERNON SMITH AND ASSOCIATES LTD.

Company Registration Number:
10136021 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

VERNON SMITH AND ASSOCIATES LTD.

Contents of the Financial Statements

for the Period Ended 30 April 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 12

VERNON SMITH AND ASSOCIATES LTD.

Company Information

for the Period Ended 30 April 2024




Director: MARK VERNON SMITH
Registered office: Croot Barn
103 High Street
Riseley
Bedford
Bedfordshire
GBR
MK44 1DF
Company Registration Number: 10136021 (England and Wales)

VERNON SMITH AND ASSOCIATES LTD.

Directors' Report Period Ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Principal Activities

Architectural Services

Directors

The directors shown below have held office during the whole of the period from 01 May 2023 to 30 April 2024
MARK VERNON SMITH

This report was approved by the board of directors on 3 October 2024
And Signed On Behalf Of The Board By:

Name: MARK VERNON SMITH
Status: Director

VERNON SMITH AND ASSOCIATES LTD.

Profit and Loss Account

for the Period Ended 30 April 2024


Notes

2024
£

2023
£
Gross Profit or (Loss) 25,541 23,540
Administrative Expenses ( 3,884 ) ( 5,878 )
Operating Profit or (Loss) 21,657 17,662
Profit or (Loss) Before Tax 21,657 17,662
Tax on Profit ( 4,114 ) ( 3,555 )
Profit or (Loss) for Period 17,543 14,107

The notes form part of these financial statements

VERNON SMITH AND ASSOCIATES LTD.

Balance sheet

As at 30 April 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 5 292 365
Total fixed assets: 292 365
Current assets
Cash at bank and in hand: 43,996 42,553
Total current assets: 43,996 42,553
Creditors: amounts falling due within one year: ( 4,464 ) ( 3,705 )
Net current assets (liabilities): 39,532 38,848
Total assets less current liabilities: 39,824 39,213
Total net assets (liabilities): 39,824 39,213

The notes form part of these financial statements

VERNON SMITH AND ASSOCIATES LTD.

Balance sheet continued

As at 30 April 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 39,724 39,113
Shareholders funds: 39,824 39,213

For the year ending 30 April 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 3 October 2024
And Signed On Behalf Of The Board By:

Name: MARK VERNON SMITH
Status: Director

The notes form part of these financial statements

VERNON SMITH AND ASSOCIATES LTD.

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

VERNON SMITH AND ASSOCIATES LTD.

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

VERNON SMITH AND ASSOCIATES LTD.

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 3. Off balance sheet disclosure

    No

VERNON SMITH AND ASSOCIATES LTD.

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Dividends


2024
£

2023
£
Dividends paid 16,500 10,000

VERNON SMITH AND ASSOCIATES LTD.

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Tangible Assets

Total
Cost £
At 01 May 2023 1,738
Additions -
Disposals -
Revaluations -
Transfers -
At 30 April 2024 1,738
Depreciation
At 01 May 2023 1,373
Charge for year 73
On disposals -
Other adjustments -
At 30 April 2024 1,446
Net book value
At 30 April 2024 292
At 30 April 2023 365