Company Registration No. 12897530 (England and Wales)
SMITH ENGINEERING & MANAGEMENT LTD
Unaudited accounts
for the year ended 30 September 2024
SMITH ENGINEERING & MANAGEMENT LTD
Unaudited accounts
Contents
SMITH ENGINEERING & MANAGEMENT LTD
Company Information
for the year ended 30 September 2024
Directors
Mr Douglas Smith
Mrs Stephanie A Smith
Company Number
12897530 (England and Wales)
Registered Office
203 West Street,
Fareham
Hampshire
PO16 0EN
England
SMITH ENGINEERING & MANAGEMENT LTD
Accountants' report
Accountants' report to the board of directors of SMITH ENGINEERING & MANAGEMENT LTD on the preparation of the unaudited statutory accounts for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
SMITH ENGINEERING & MANAGEMENT LTD for the year ended
30 September 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of SMITH ENGINEERING & MANAGEMENT LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of SMITH ENGINEERING & MANAGEMENT LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SMITH ENGINEERING & MANAGEMENT LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SMITH ENGINEERING & MANAGEMENT LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SMITH ENGINEERING & MANAGEMENT LTD. You consider that SMITH ENGINEERING & MANAGEMENT LTD 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 accounts of SMITH ENGINEERING & MANAGEMENT LTD. 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 accounts.
SMITH ENGINEERING & MANAGEMENT LTD
Statement of financial position
as at 30 September 2024
Tangible assets
24,342
31,936
Cash at bank and in hand
24,175
30,363
Creditors: amounts falling due within one year
(34,982)
(24,258)
Net current (liabilities)/assets
(6,913)
6,288
Total assets less current liabilities
27,487
48,282
Creditors: amounts falling due after more than one year
(20,573)
(25,195)
Called up share capital
4
4
Profit and loss account
6,910
23,083
Shareholders' funds
6,914
23,087
For the year ending 30 September 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by
Mr Douglas Smith
Director
Company Registration No. 12897530
SMITH ENGINEERING & MANAGEMENT LTD
Notes to the Accounts
for the year ended 30 September 2024
SMITH ENGINEERING & MANAGEMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 12897530. The registered office is 203 West Street,, Fareham, Hampshire, PO16 0EN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Computer equipment
33% straight line
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2023
34,689
1,987
36,676
At 30 September 2024
34,689
2,999
37,688
At 1 October 2023
3,350
1,390
4,740
Charge for the year
7,835
771
8,606
At 30 September 2024
11,185
2,161
13,346
At 30 September 2024
23,504
838
24,342
At 30 September 2023
31,339
597
31,936
5
Investments
Other investments
Valuation at 1 October 2023
10,058
Valuation at 30 September 2024
10,058
SMITH ENGINEERING & MANAGEMENT LTD
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
6,374
6,374
Taxes and social security
24,576
13,622
Loans from directors
1,776
3,586
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
20,573
25,195
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4
4
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
(3,586)
(7,662)
(9,472)
(1,776)
(3,586)
(7,662)
(9,472)
(1,776)
11
Average number of employees
During the year the average number of employees was 1 (2023: 1).