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REGISTERED NUMBER: 04203724 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Lloyd And Smith Limited

Lloyd And Smith Limited (Registered number: 04203724)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Lloyd And Smith Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: G A Lloyd
Bryan R Smith





SECRETARY: G A Lloyd





REGISTERED OFFICE: 1 Aston Court
Bromsgrove Technology Park
Bromsgrove
Worcestershire
B60 3AL





REGISTERED NUMBER: 04203724 (England and Wales)





ACCOUNTANTS: Kenneth Morris Limited
1 Aston Court
Bromsgrove Technology Park
Bromsgrove
Worcestershire
B60 3AL

Lloyd And Smith Limited (Registered number: 04203724)

Abridged Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 119,520 127,646

CURRENT ASSETS
Stocks 16,034 25,568
Debtors 128,375 104,175
Cash at bank and in hand 70,673 25,787
215,082 155,530
CREDITORS
Amounts falling due within one year 285,004 253,104
NET CURRENT LIABILITIES (69,922 ) (97,574 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,598

30,072

CREDITORS
Amounts falling due after more than one year (14,807 ) (25,188 )

PROVISIONS FOR LIABILITIES (522 ) (1,202 )
NET ASSETS 34,269 3,682

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 34,267 3,680
SHAREHOLDERS' FUNDS 34,269 3,682

Lloyd And Smith Limited (Registered number: 04203724)

Abridged Balance Sheet - continued
30 April 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 August 2024 and were signed on its behalf by:




G A Lloyd - Director



Bryan R Smith - Director


Lloyd And Smith Limited (Registered number: 04203724)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Lloyd And 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.

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.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Office equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

Lloyd And Smith Limited (Registered number: 04203724)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Debtors
Debtors include the contractual value of work in progress

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 324,471
Additions 500
Disposals (11,218 )
At 30 April 2024 313,753
DEPRECIATION
At 1 May 2023 196,825
Charge for year 8,030
Eliminated on disposal (10,622 )
At 30 April 2024 194,233
NET BOOK VALUE
At 30 April 2024 119,520
At 30 April 2023 127,646

No split between land & buildings cost is available and the property has been depreciated in its entirety.

5. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 24,947 34,834

The bank loan and overdraft are secured by the company property, a debenture and a personal guarantee by both directors

Hire purchase contracts are secured against the assets to which they relate.

6. CONTINGENT LIABILITIES

There were no known contingent liabilities at the year end.

Lloyd And Smith Limited (Registered number: 04203724)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. POST BALANCE SHEET EVENTS

There were no post balance sheet events at the year end.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Lloyd And Smith Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lloyd And Smith Limited for the year ended 30 April 2024 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Lloyd And Smith Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lloyd And Smith Limited and state those matters that we have agreed to state to the Board of Directors of Lloyd And Smith Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lloyd And Smith Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lloyd And Smith Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lloyd And Smith Limited. You consider that Lloyd And Smith Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lloyd And Smith Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Kenneth Morris Limited
1 Aston Court
Bromsgrove Technology Park
Bromsgrove
Worcestershire
B60 3AL


9 August 2024