1 April 2023 false No description of principal activity Taxfiler 2024.6 4555559business:PrivateLimitedCompanyLtd2023-04-012024-03-31 45555592023-03-31 45555592023-04-012024-03-31 4555559business:AuditExemptWithAccountantsReport2023-04-012024-03-31 4555559business:FilletedAccounts2023-04-012024-03-31 45555592024-03-31 4555559business:Director12023-04-012024-03-31 4555559business:Director22023-04-012024-03-31 4555559business:CompanySecretary12023-04-012024-03-31 4555559business:RegisteredOffice2023-04-012024-03-31 45555592023-03-31 4555559core:WithinOneYear2024-03-31 4555559core:WithinOneYear2023-03-31 4555559core:AfterOneYear2024-03-31 4555559core:AfterOneYear2023-03-31 4555559core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 4555559core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 4555559core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 4555559core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 4555559core:PreviouslyStatedAmount2024-03-31 4555559core:PreviouslyStatedAmount2023-03-31 4555559business:SmallEntities2023-04-012024-03-31 4555559countries:EnglandWales2023-04-012024-03-31 4555559core:PlantMachinery2023-04-012024-03-31 4555559core:PlantMachinery2023-03-31 4555559core:PlantMachinery2024-03-31 4555559business:Director112023-04-012024-03-31 4555559business:Director112023-03-31 4555559business:Director112024-03-31 45555592022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 4555559 (England and Wales)
Smiley's (S.Wales) Limited Unaudited accounts for the year ended 31 March 2024
Smiley's (S.Wales) Limited Unaudited accounts Contents
Page
- 2 -
Smiley's (S.Wales) Limited Company Information for the year ended 31 March 2024
Directors
A Barltrop M Peel
Secretary
A Barltrop
Company Number
4555559 (England and Wales)
Registered Office
UNIT 11 OAKLANDS BUSINESS PARK FERNDALE RHONDDA CYNON TAFF CF43 4UG
Accountants
R H Jeffs & Rowe Ltd 27-28 Gelliwastad Road Pontypridd CF37 2BW
- 3 -
Smiley's (S.Wales) Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,613 
4,250 
Current assets
Inventories
500 
500 
Debtors
29,941 
36,066 
Cash at bank and in hand
5,417 
4,964 
35,858 
41,530 
Creditors: amounts falling due within one year
(25,552)
(24,820)
Net current assets
10,306 
16,710 
Total assets less current liabilities
13,919 
20,960 
Creditors: amounts falling due after more than one year
(11,061)
(15,015)
Net assets
2,858 
5,945 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,758 
5,845 
Shareholders' funds
2,858 
5,945 
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 20 December 2024 and were signed on its behalf by
A Barltrop Director Company Registration No. 4555559
- 4 -
Smiley's (S.Wales) Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Smiley's (S.Wales) Limited is a private company, limited by shares, registered in England and Wales, registration number 4555559. The registered office is UNIT 11 OAKLANDS BUSINESS PARK, FERNDALE, RHONDDA CYNON TAFF, CF43 4UG.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Presentation currency
The accounts are presented in £ sterling.
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
15% Reducing Balance
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
- 5 -
Smiley's (S.Wales) Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
21,371 
At 31 March 2024
21,371 
Depreciation
At 1 April 2023
17,121 
Charge for the year
637 
At 31 March 2024
17,758 
Net book value
At 31 March 2024
3,613 
At 31 March 2023
4,250 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
16,056 
13,990 
Accrued income and prepayments
5,850 
7,384 
Other debtors
8,035 
14,692 
29,941 
36,066 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,890 
7,321 
Trade creditors
4,900 
5,800 
Taxes and social security
9,345 
6,808 
Accruals
2,417 
4,891 
25,552 
24,820 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,061 
15,015 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
A Barltrop
Due from director
14,692 
- 
6,657 
8,035 
14,692 
- 
6,657 
8,035 
- 6 -
Smiley's (S.Wales) Limited Notes to the Accounts for the year ended 31 March 2024
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
- 7 -