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MRSMITHMANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






MRSMITHMANAGEMENT LIMITED (REGISTERED NUMBER: 09578315)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MRSMITHMANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: P A D Crabtree
P R Smith
M E Smith





REGISTERED OFFICE: Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS





REGISTERED NUMBER: 09578315 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

MRSMITHMANAGEMENT LIMITED (REGISTERED NUMBER: 09578315)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 315,144 105,549

CURRENT ASSETS
Debtors 5 1,078,938 974,801
Investments 6 263,341 245,901
Cash at bank 2,189,447 1,182,727
3,531,726 2,403,429
CREDITORS
Amounts falling due within one year 7 2,242,768 596,013
NET CURRENT ASSETS 1,288,958 1,807,416
TOTAL ASSETS LESS CURRENT LIABILITIES 1,604,102 1,912,965

CREDITORS
Amounts falling due after more than one
year

8

(13,363

)

(23,353

)

PROVISIONS FOR LIABILITIES 9 - (25,400 )
NET ASSETS 1,590,739 1,864,212

CAPITAL AND RESERVES
Called up share capital 10 201 201
Fair value reserve 11 9,665 (34 )
Retained earnings 1,580,873 1,864,045
SHAREHOLDERS' FUNDS 1,590,739 1,864,212

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

MRSMITHMANAGEMENT LIMITED (REGISTERED NUMBER: 09578315)

BALANCE SHEET - continued
31 JANUARY 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 21 October 2024 and were signed on its behalf by:





M E Smith - Director


MRSMITHMANAGEMENT LIMITED (REGISTERED NUMBER: 09578315)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Mrsmithmanagement 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 as modified by the revaluation of certain assets.

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.
Office buildings & fittings - 25% on reducing balance and 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

MRSMITHMANAGEMENT LIMITED (REGISTERED NUMBER: 09578315)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS
Office
buildings Motor Computer
& fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 99,699 - 22,093 121,792
Additions 22,226 248,095 708 271,029
At 31 January 2024 121,925 248,095 22,801 392,821
DEPRECIATION
At 1 February 2023 9,273 - 6,970 16,243
Charge for year 16,142 41,349 3,943 61,434
At 31 January 2024 25,415 41,349 10,913 77,677
NET BOOK VALUE
At 31 January 2024 96,510 206,746 11,888 315,144
At 31 January 2023 90,426 - 15,123 105,549

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 328,317 649,596
Amounts owed by group undertakings 76,500 96,500
Other debtors 674,121 228,705
1,078,938 974,801

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 263,341 245,901

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,999 10,000
Trade creditors 2,164,112 232,120
Amounts owed to group undertakings 3,150 9,550
Tax - 283,738
Wages Control 8,099 2,116
Directors' current accounts 52,867 56,396
Accruals and deferred income 4,541 2,093
2,242,768 596,013

MRSMITHMANAGEMENT LIMITED (REGISTERED NUMBER: 09578315)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 9,999 10,000
Bank loans - 2-5 years 3,364 13,353
13,363 23,353

9. PROVISIONS FOR LIABILITIES
2023
£   
Deferred tax 25,400

Deferred
tax
£   
Balance at 1 February 2023 25,400
Provided during year (38,100 )
Balance at 31 January 2024 (12,700 )

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A £1.00 100 100
100 Ordinary B £1.00 100 100
1 Ordinary C £1.00 1 1
201 201

11. RESERVES
Fair
value
reserve
£   
At 1 February 2023 (34 )
Revaluation in year 9,699

At 31 January 2024 9,665

MRSMITHMANAGEMENT LIMITED (REGISTERED NUMBER: 09578315)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
P A D Crabtree
Balance outstanding at start of year - -
Amounts advanced 74,962 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 74,962 -

Interest is charged on loans to directors at HMRC approved rates. The amount charged during the year amounted to £977.