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REGISTERED NUMBER: 06508401 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

& SMITH LIMITED

& SMITH LIMITED (REGISTERED NUMBER: 06508401)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


& SMITH LIMITED

COMPANY INFORMATION
for the Year Ended 29 February 2024







DIRECTORS: Mr D H Bernstein
Ms R S M Smith





SECRETARY: Ms R S M Smith





REGISTERED OFFICE: 20 Abbots Business Park
Primrose Hill
Kings Langley
Hertfordshire
WD4 8FR





REGISTERED NUMBER: 06508401 (England and Wales)





ACCOUNTANTS: Beyond Accounting Limited
20 Abbots Business Park
Primrose Hill
Kings Langley
Hertfordshire
WD4 8FR

& SMITH LIMITED (REGISTERED NUMBER: 06508401)

BALANCE SHEET
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,736 20,982

CURRENT ASSETS
Debtors 5 104,413 69,430
Cash at bank 134,897 142,150
239,310 211,580
CREDITORS
Amounts falling due within one year 6 198,440 133,132
NET CURRENT ASSETS 40,870 78,448
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,606

99,430

PROVISIONS FOR LIABILITIES 3,934 5,245
NET ASSETS 52,672 94,185

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 52,572 94,085
SHAREHOLDERS' FUNDS 52,672 94,185

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 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.

& SMITH LIMITED (REGISTERED NUMBER: 06508401)

BALANCE SHEET - 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 Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:




Mr D H Bernstein - Director



Ms R S M Smith - Director


& SMITH LIMITED (REGISTERED NUMBER: 06508401)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

& Smith 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 represents amounts receivable for graphic design services provided net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Website development - Straight line over 3 years
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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 6 (2023 - 7 ) .

& SMITH LIMITED (REGISTERED NUMBER: 06508401)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Website and Computer
development fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023
and 29 February 2024 9,660 30,864 33,961 74,485
DEPRECIATION
At 1 March 2023 1,006 26,767 25,730 53,503
Charge for year 2,164 1,024 2,058 5,246
At 29 February 2024 3,170 27,791 27,788 58,749
NET BOOK VALUE
At 29 February 2024 6,490 3,073 6,173 15,736
At 28 February 2023 8,654 4,097 8,231 20,982

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 84,209 69,210
Accrued income 19,218 -
Prepayments 986 220
104,413 69,430

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 11,520 11,656
Taxation 58,258 23,208
Value added tax 19,302 22,427
Directors' current accounts 2,195 1,717
Deferred income 104,555 65,849
Accruals 2,610 8,275
198,440 133,132