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REGISTERED NUMBER: 07951449 (England and Wales)















G Smith & Sons Plastering Limited

Unaudited Financial Statements

for the year ended

29 February 2024






G Smith & Sons Plastering Limited (Registered number: 07951449)

Contents of the Financial Statements
for the year ended 29 February 2024










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 5

Chartered Accountants' Report 6

G Smith & Sons Plastering Limited

Company Information
for the year ended 29 February 2024







DIRECTOR: C L Smith





REGISTERED OFFICE: 182 Bussey Road
Fiddle Wood
Norwich
Norfolk
NR6 6JF





REGISTERED NUMBER: 07951449 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY

G Smith & Sons Plastering Limited (Registered number: 07951449)

Statement of Financial Position
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,095 3,530

CURRENT ASSETS
Stocks 1,500 800
Debtors 5 15,639 17,131
Cash at bank 37,131 33,462
54,270 51,393
CREDITORS
Amounts falling due within one year 6 (6,552 ) (13,177 )
NET CURRENT ASSETS 47,718 38,216
TOTAL ASSETS LESS CURRENT LIABILITIES 52,813 41,746

PROVISIONS FOR LIABILITIES (968 ) (671 )
NET ASSETS 51,845 41,075

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 51,745 40,975
SHAREHOLDERS' FUNDS 51,845 41,075

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

G Smith & Sons Plastering Limited (Registered number: 07951449)

Statement of Financial Position - continued
29 February 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 director and authorised for issue on 19 November 2024 and were signed by:





C L Smith - Director


G Smith & Sons Plastering Limited (Registered number: 07951449)

Notes to the Financial Statements
for the year ended 29 February 2024


1. STATUTORY INFORMATION

G Smith & Sons Plastering 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.
Plant and machinery - 25% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

G Smith & Sons Plastering Limited (Registered number: 07951449)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 1,396 18,249 1,059 20,704
Additions 2,500 - - 2,500
At 29 February 2024 3,896 18,249 1,059 23,204
DEPRECIATION
At 1 March 2023 1,337 15,001 836 17,174
Charge for year 67 812 56 935
At 29 February 2024 1,404 15,813 892 18,109
NET BOOK VALUE
At 29 February 2024 2,492 2,436 167 5,095
At 28 February 2023 59 3,248 223 3,530

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,939 6,172
Other debtors 10,700 10,959
15,639 17,131

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 655 845
Taxation and social security 4,105 4,948
Other creditors 1,792 7,384
6,552 13,177

7. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the director £683 (2023: £5,912). No interest has been charged on this balance and there are no fixed repayment terms.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
G Smith & Sons Plastering Limited


The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director 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 G Smith & Sons Plastering Limited for the year ended 29 February 2024 which comprise the Income Statement, Statement of Financial Position 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 director of G Smith & Sons Plastering Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of G Smith & Sons Plastering Limited and state those matters that we have agreed to state to the director of G Smith & Sons Plastering Limited 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 G Smith & Sons Plastering Limited and its director for our work or for this report.

It is your duty to ensure that G Smith & Sons Plastering 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 G Smith & Sons Plastering Limited. You consider that G Smith & Sons Plastering 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 G Smith & Sons Plastering 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.






Haines Watts
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY


19 November 2024