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Company Registration No. 07380339 (England and Wales)
SMITHVALE LIMITED Unaudited accounts for the year ended 31 March 2024
SMITHVALE LIMITED Unaudited accounts Contents
Page
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SMITHVALE LIMITED Company Information for the year ended 31 March 2024
Directors
Graham Smith Veronica Smith
Company Number
07380339 (England and Wales)
Registered Office
3 VALE LEAZE, LITTLE SOMERFORD CHIPPENHAM SN15 5JS
Accountants
Philip Gurnhill Accountants FIRST FLOOR 6 GLOUCESTER STREET MALMESBURY Wiltshire SN16 0AA
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SMITHVALE LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,483 
7,578 
Current assets
Inventories
3,000 
3,000 
Debtors
3,291 
2,852 
Cash at bank and in hand
136,917 
137,732 
143,208 
143,584 
Creditors: amounts falling due within one year
(48,462)
(45,539)
Net current assets
94,746 
98,045 
Net assets
104,229 
105,623 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
103,229 
104,623 
Shareholders' funds
104,229 
105,623 
For the year ending 31 March 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 5 September 2024 and were signed on its behalf by
Graham Smith Director Company Registration No. 07380339
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SMITHVALE LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
SMITHVALE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07380339. The registered office is 3 VALE LEAZE, LITTLE SOMERFORD, CHIPPENHAM, SN15 5JS.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Plant & machinery
20% Straight Line
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 April 2023
296,892 
23,966 
320,858 
At 31 March 2024
296,892 
23,966 
320,858 
Amortisation
At 1 April 2023
296,892 
23,966 
320,858 
At 31 March 2024
296,892 
23,966 
320,858 
Net book value
At 31 March 2024
- 
- 
- 
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SMITHVALE LIMITED Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
49,169 
2,599 
51,768 
Additions
5,510 
1,369 
6,879 
At 31 March 2024
54,679 
3,968 
58,647 
Depreciation
At 1 April 2023
42,076 
2,114 
44,190 
Charge for the year
4,489 
485 
4,974 
At 31 March 2024
46,565 
2,599 
49,164 
Net book value
At 31 March 2024
8,114 
1,369 
9,483 
At 31 March 2023
7,093 
485 
7,578 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,291 
2,852 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
18,175 
18,446 
Trade creditors
2,858 
3,258 
Taxes and social security
17,213 
13,619 
Loans from directors
10,216 
10,216 
48,462 
45,539 
8
Average number of employees
During the year the average number of employees was 10 (2023: 10).
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