Company Registration No. 07380339 (England and Wales)
SMITHVALE LIMITED
Unaudited accounts
for the year ended 31 March 2024
SMITHVALE LIMITED
Unaudited accounts
Contents
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
SMITHVALE LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
9,483
7,578
Cash at bank and in hand
136,917
137,732
Creditors: amounts falling due within one year
(48,462)
(45,539)
Net current assets
94,746
98,045
Net assets
104,229
105,623
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
SMITHVALE LIMITED
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
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
At 1 April 2023
296,892
23,966
320,858
At 31 March 2024
296,892
23,966
320,858
At 1 April 2023
296,892
23,966
320,858
At 31 March 2024
296,892
23,966
320,858
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
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
At 31 March 2024
8,114
1,369
9,483
At 31 March 2023
7,093
485
7,578
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,858
3,258
Taxes and social security
17,213
13,619
Loans from directors
10,216
10,216
8
Average number of employees
During the year the average number of employees was 10 (2023: 10).