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REGISTERED NUMBER: 12345724 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Smiths Fitted Wardrobes & Kitchens
Limited

Smiths Fitted Wardrobes & Kitchens
Limited (Registered number: 12345724)






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


Smiths Fitted Wardrobes & Kitchens
Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: A S Channa
G Singh





REGISTERED OFFICE: Unit 10 Orbital Industrial Estate Horton
Yiewsley
West Drayton
UB7 8JL





REGISTERED NUMBER: 12345724 (England and Wales)





ACCOUNTANTS: Euro Ashfords (UK) Ltd
2nd Floor,
39 Ludgate hill
London
EC4M 7JN

Smiths Fitted Wardrobes & Kitchens
Limited (Registered number: 12345724)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,073 30,709

CURRENT ASSETS
Stocks 80,000 79,000
Debtors 5 59,685 4,831
Cash at bank 32,563 22,021
172,248 105,852
CREDITORS
Amounts falling due within one year 6 285,833 166,756
NET CURRENT LIABILITIES (113,585 ) (60,904 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(81,512

)

(30,195

)

CREDITORS
Amounts falling due after more than one
year

7

122,138

113,211
NET LIABILITIES (203,650 ) (143,406 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (203,750 ) (143,506 )
(203,650 ) (143,406 )

Smiths Fitted Wardrobes & Kitchens
Limited (Registered number: 12345724)

Balance Sheet - continued
31 January 2024


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.

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 31 October 2024 and were signed on its behalf by:





G Singh - Director


Smiths Fitted Wardrobes & Kitchens
Limited (Registered number: 12345724)

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

1. STATUTORY INFORMATION

Smiths Fitted Wardrobes & Kitchens 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.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2023 - 32 ) .

Smiths Fitted Wardrobes & Kitchens
Limited (Registered number: 12345724)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 59,642
Additions 12,533
At 31 January 2024 72,175
DEPRECIATION
At 1 February 2023 28,933
Charge for year 11,169
At 31 January 2024 40,102
NET BOOK VALUE
At 31 January 2024 32,073
At 31 January 2023 30,709

5. DEBTORS
31.1.24 31.1.23
£    £   
Amounts falling due within one year:
Trade debtors 38,550 -
Other debtors 8,135 4,831
46,685 4,831

Amounts falling due after more than one year:
Amounts owed by associates 13,000 -

Aggregate amounts 59,685 4,831

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts - 1
Trade creditors 137,379 73,566
Taxation and social security 97,916 50,013
Other creditors 50,538 43,176
285,833 166,756

Smiths Fitted Wardrobes & Kitchens
Limited (Registered number: 12345724)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 107,638 86,211
Amounts owed to associates 2,000 -
Other creditors 12,500 27,000
122,138 113,211

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.1.24 31.1.23
£    £   
G Singh and A S Channa
Balance outstanding at start of year (1,150 ) 14,866
Amounts advanced 4,454 (16,016 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,304 (1,150 )

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G Singh.

At the Balance Sheet date Mr G. Singh and Mr A. Channa own 50% shares each in the company.