2023-07-032024-07-312024-07-31false14976371SMITHSON PROJECTS LTD2024-10-24iso4217:GBPxbrli:pure149763712023-07-03149763712024-07-31149763712023-07-032024-07-31149763712023-07-02149763712023-07-02149763712023-07-022023-07-0214976371bus:SmallEntities2023-07-032024-07-3114976371bus:AuditExempt-NoAccountantsReport2023-07-032024-07-3114976371bus:FullAccounts2023-07-032024-07-3114976371bus:PrivateLimitedCompanyLtd2023-07-032024-07-3114976371core:WithinOneYear2024-07-3114976371core:AfterOneYear2024-07-3114976371core:WithinOneYear2023-07-0214976371core:AfterOneYear2023-07-0214976371core:ShareCapital2024-07-3114976371core:SharePremium2024-07-3114976371core:RevaluationReserve2024-07-3114976371core:OtherReservesSubtotal2024-07-3114976371core:RetainedEarningsAccumulatedLosses2024-07-3114976371core:ShareCapital2023-07-0214976371core:SharePremium2023-07-0214976371core:RevaluationReserve2023-07-0214976371core:OtherReservesSubtotal2023-07-0214976371core:RetainedEarningsAccumulatedLosses2023-07-0214976371core:LandBuildings2024-07-3114976371core:PlantMachinery2024-07-3114976371core:Vehicles2024-07-3114976371core:FurnitureFittings2024-07-3114976371core:OfficeEquipment2024-07-3114976371core:NetGoodwill2024-07-3114976371core:IntangibleAssetsOtherThanGoodwill2024-07-3114976371core:ListedExchangeTraded2024-07-3114976371core:UnlistedNon-exchangeTraded2024-07-3114976371core:LandBuildings2023-07-0214976371core:PlantMachinery2023-07-0214976371core:Vehicles2023-07-0214976371core:FurnitureFittings2023-07-0214976371core:OfficeEquipment2023-07-0214976371core:NetGoodwill2023-07-0214976371core:IntangibleAssetsOtherThanGoodwill2023-07-0214976371core:ListedExchangeTraded2023-07-0214976371core:UnlistedNon-exchangeTraded2023-07-0214976371core:LandBuildings2023-07-032024-07-3114976371core:PlantMachinery2023-07-032024-07-3114976371core:Vehicles2023-07-032024-07-3114976371core:FurnitureFittings2023-07-032024-07-3114976371core:OfficeEquipment2023-07-032024-07-3114976371core:NetGoodwill2023-07-032024-07-3114976371core:IntangibleAssetsOtherThanGoodwill2023-07-032024-07-3114976371core:ListedExchangeTraded2023-07-032024-07-3114976371core:UnlistedNon-exchangeTraded2023-07-032024-07-3114976371core:MoreThanFiveYears2023-07-032024-07-3114976371core:Non-currentFinancialInstruments2024-07-3114976371core:Non-currentFinancialInstruments2023-07-0214976371dpl:CostSales2023-07-032024-07-3114976371dpl:DistributionCosts2023-07-032024-07-3114976371core:LandBuildings2023-07-032024-07-3114976371core:PlantMachinery2023-07-032024-07-3114976371core:Vehicles2023-07-032024-07-3114976371core:FurnitureFittings2023-07-032024-07-3114976371core:OfficeEquipment2023-07-032024-07-3114976371dpl:AdministrativeExpenses2023-07-032024-07-3114976371core:NetGoodwill2023-07-032024-07-3114976371core:IntangibleAssetsOtherThanGoodwill2023-07-032024-07-3114976371dpl:GroupUndertakings2023-07-032024-07-3114976371dpl:ParticipatingInterests2023-07-032024-07-3114976371dpl:GroupUndertakingscore:ListedExchangeTraded2023-07-032024-07-3114976371core:ListedExchangeTraded2023-07-032024-07-3114976371dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-07-032024-07-3114976371core:UnlistedNon-exchangeTraded2023-07-032024-07-3114976371dpl:CostSales2023-07-022023-07-0214976371dpl:DistributionCosts2023-07-022023-07-0214976371core:LandBuildings2023-07-022023-07-0214976371core:PlantMachinery2023-07-022023-07-0214976371core:Vehicles2023-07-022023-07-0214976371core:FurnitureFittings2023-07-022023-07-0214976371core:OfficeEquipment2023-07-022023-07-0214976371dpl:AdministrativeExpenses2023-07-022023-07-0214976371core:NetGoodwill2023-07-022023-07-0214976371core:IntangibleAssetsOtherThanGoodwill2023-07-022023-07-0214976371dpl:GroupUndertakings2023-07-022023-07-0214976371dpl:ParticipatingInterests2023-07-022023-07-0214976371dpl:GroupUndertakingscore:ListedExchangeTraded2023-07-022023-07-0214976371core:ListedExchangeTraded2023-07-022023-07-0214976371dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-07-022023-07-0214976371core:UnlistedNon-exchangeTraded2023-07-022023-07-0214976371core:NetGoodwill2024-07-3114976371core:IntangibleAssetsOtherThanGoodwill2024-07-3114976371core:LandBuildings2024-07-3114976371core:PlantMachinery2024-07-3114976371core:Vehicles2024-07-3114976371core:FurnitureFittings2024-07-3114976371core:OfficeEquipment2024-07-3114976371core:AfterOneYear2024-07-3114976371core:WithinOneYear2024-07-3114976371core:ListedExchangeTraded2024-07-3114976371core:UnlistedNon-exchangeTraded2024-07-3114976371core:ShareCapital2024-07-3114976371core:SharePremium2024-07-3114976371core:RevaluationReserve2024-07-3114976371core:OtherReservesSubtotal2024-07-3114976371core:RetainedEarningsAccumulatedLosses2024-07-3114976371core:NetGoodwill2023-07-0214976371core:IntangibleAssetsOtherThanGoodwill2023-07-0214976371core:LandBuildings2023-07-0214976371core:PlantMachinery2023-07-0214976371core:Vehicles2023-07-0214976371core:FurnitureFittings2023-07-0214976371core:OfficeEquipment2023-07-0214976371core:AfterOneYear2023-07-0214976371core:WithinOneYear2023-07-0214976371core:ListedExchangeTraded2023-07-0214976371core:UnlistedNon-exchangeTraded2023-07-0214976371core:ShareCapital2023-07-0214976371core:SharePremium2023-07-0214976371core:RevaluationReserve2023-07-0214976371core:OtherReservesSubtotal2023-07-0214976371core:RetainedEarningsAccumulatedLosses2023-07-0214976371core:NetGoodwill2023-07-0214976371core:IntangibleAssetsOtherThanGoodwill2023-07-0214976371core:LandBuildings2023-07-0214976371core:PlantMachinery2023-07-0214976371core:Vehicles2023-07-0214976371core:FurnitureFittings2023-07-0214976371core:OfficeEquipment2023-07-0214976371core:AfterOneYear2023-07-0214976371core:WithinOneYear2023-07-0214976371core:ListedExchangeTraded2023-07-0214976371core:UnlistedNon-exchangeTraded2023-07-0214976371core:ShareCapital2023-07-0214976371core:SharePremium2023-07-0214976371core:RevaluationReserve2023-07-0214976371core:OtherReservesSubtotal2023-07-0214976371core:RetainedEarningsAccumulatedLosses2023-07-0214976371core:AfterOneYear2023-07-032024-07-3114976371core:WithinOneYear2023-07-032024-07-3114976371core:Non-currentFinancialInstrumentscore:CostValuation2023-07-032024-07-3114976371core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-07-032024-07-3114976371core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-07-032024-07-3114976371core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-07-032024-07-3114976371core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-07-032024-07-3114976371core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-07-032024-07-3114976371core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-07-032024-07-3114976371core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-07-032024-07-3114976371core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-07-032024-07-3114976371core:Non-currentFinancialInstrumentscore:CostValuation2024-07-3114976371core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-07-3114976371core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-07-3114976371core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-07-3114976371core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-07-3114976371core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-07-3114976371core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-07-3114976371core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-07-3114976371core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-07-3114976371core:Non-currentFinancialInstrumentscore:CostValuation2023-07-0214976371core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-07-0214976371core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-07-0214976371core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-07-0214976371core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-07-0214976371core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-07-0214976371core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-07-0214976371core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-07-0214976371core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-07-0214976371bus:Director12023-07-032024-07-31

SMITHSON PROJECTS LTD

Registered Number
14976371
(England and Wales)

Unaudited Financial Statements for the Period ended
31 July 2024

SMITHSON PROJECTS LTD
Company Information
for the period from 3 July 2023 to 31 July 2024

Director

PEGLER, Phil Charles

Registered Address

5 Jubilee Road
St. George
Bristol
BS5 8HY

Registered Number

14976371 (England and Wales)
SMITHSON PROJECTS LTD
Balance Sheet as at
31 July 2024

Notes

2024

£

£

Fixed assets
Intangible assets36,000
6,000
Current assets
Stocks7,340
Debtors69,433
Cash at bank and on hand2,501
79,274
Creditors amounts falling due within one year(54,979)
Net current assets (liabilities)24,295
Total assets less current liabilities30,295
Creditors amounts falling due after one year(29,822)
Net assets473
Capital and reserves
Profit and loss account473
Shareholders' funds473
The financial statements were approved and authorised for issue by the Director on 24 October 2024, and are signed on its behalf by:
PEGLER, Phil Charles
Director
Registered Company No. 14976371
SMITHSON PROJECTS LTD
Notes to the Financial Statements
for the period ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Interest income
Interest income is recognised using the effective interest rate method.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
2.Average number of employees

2024
Average number of employees during the year2
3.Intangible assets

Other

Total

££
Cost or valuation
Additions6,0006,000
At 31 July 246,0006,000
Net book value
At 31 July 246,0006,000
At 02 July 23--