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REGISTERED NUMBER: 11070243 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Smoke Limited

Smoke Limited (Registered number: 11070243)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Smoke Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr D Ward
Mr G Troup





REGISTERED OFFICE: 44 Water Lane
Wilmslow
Manchester
SK9 5AP





REGISTERED NUMBER: 11070243 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

Smoke Limited (Registered number: 11070243)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 121,844 146,730

CURRENT ASSETS
Stocks 7,550 7,750
Debtors 5 34,704 7,207
Cash at bank and in hand 5,910 22,621
48,164 37,578
CREDITORS
Amounts falling due within one year 6 (159,150 ) (90,503 )
NET CURRENT LIABILITIES (110,986 ) (52,925 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,858

93,805

CREDITORS
Amounts falling due after more than one year 7 (76,743 ) (217,934 )

PROVISIONS FOR LIABILITIES 8 (30,461 ) -
NET LIABILITIES (96,346 ) (124,129 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (96,446 ) (124,229 )
(96,346 ) (124,129 )

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

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

Smoke Limited (Registered number: 11070243)

Balance Sheet - continued
31 March 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 26 November 2024 and were signed on its behalf by:





Mr G Troup - Director


Smoke Limited (Registered number: 11070243)

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

1. STATUTORY INFORMATION

Smoke 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
At 31st March 2024, the company had net current liabilities of £110,986 (2023: £52,295) and total net liabilities of £96,346 (2023: £124,129). The company relies on the loan funding provided by its investors. The director is of the opinion that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of support by its investors.

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.
Improvements to property - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% 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.

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.

Smoke Limited (Registered number: 11070243)

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

2. ACCOUNTING POLICIES - continued

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 43 (2023 - 43 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 251,173 45,506 46,720 6,100 349,499
Additions - 1,603 3,353 529 5,485
At 31 March 2024 251,173 47,109 50,073 6,629 354,984
DEPRECIATION
At 1 April 2023 146,993 22,848 28,827 4,101 202,769
Charge for year 20,836 4,852 4,177 506 30,371
At 31 March 2024 167,829 27,700 33,004 4,607 233,140
NET BOOK VALUE
At 31 March 2024 83,344 19,409 17,069 2,022 121,844
At 31 March 2023 104,180 22,658 17,893 1,999 146,730

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,966 5,146
Prepayments 16,738 2,061
34,704 7,207

Smoke Limited (Registered number: 11070243)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 66,947 9,832
Hire purchase contracts 1,004 5,102
Trade creditors 56,866 45,114
Tax 10 -
Social security and other taxes 3,767 5,648
Pension 874 1,306
VAT 17,013 19,355
Other creditors 5,191 -
Accruals and deferred income 7,478 4,146
159,150 90,503

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,330 10,078
Bank loans - 2-5 years 2,013 12,452
Hire purchase contracts - 1,004
Directors' loan accounts 64,400 194,400
76,743 217,934

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 30,461 -

Deferred
tax
£   
Provided during year 30,461
Balance at 31 March 2024 30,461

9. OTHER FINANCIAL COMMITMENTS

As at 31st March 2024, the company had outstanding lease commitments of £6,995 (2023: £18,633).

Smoke Limited (Registered number: 11070243)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr D Ward
Balance outstanding at start of year 81,199 108,699
Amounts repaid (50,000 ) (27,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,199 81,199

Mr G Troup
Balance outstanding at start of year 113,201 145,701
Amounts repaid (80,000 ) (32,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 33,201 113,201

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Ward.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Smoke 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 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 Smoke Limited for the year ended 31 March 2024 which comprise the Income Statement, 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 Smoke 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 Smoke Limited and state those matters that we have agreed to state to the Board of Directors of Smoke 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 Smoke Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Smoke 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 Smoke Limited. You consider that Smoke 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 Smoke 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.






Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR


Date: .............................................