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Company registration number: 01010951
V A Smith (Stratford) Ltd
Unaudited filleted financial statements
05 April 2024
V A Smith (Stratford) Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
V A Smith (Stratford) Ltd
Directors and other information
Director A V Smith
Secretary M V Smith
Company number 01010951
Registered office Office 1 Riverside Court
24 Lower Southend Road
Wickford
SS11 8AW
Business address Aldborough
Rectory Road
Little Burstead
CM12 9TR
Accountants Hill Allen (Wickford) Ltd
Office1 Riverside Court
24 Lower Southend Road
Wickford
SS11 8AW
Bankers TSB Bank plc
PO Box 373
Leeds
LS14 9GQ
V A Smith (Stratford) Ltd
Statement of financial position
5 April 2024
2024 2023
Note £ £ £ £
Current assets
Debtors 5 3,000 320
Cash at bank and in hand 2,253 11,162
_______ _______
5,253 11,482
Creditors: amounts falling due
within one year 6 ( 5,249) ( 7,234)
_______ _______
Net current assets 4 4,248
_______ _______
Total assets less current liabilities 4 4,248
Creditors: amounts falling due
after more than one year 7 ( 1,571) ( 2,793)
_______ _______
Net (liabilities)/assets ( 1,567) 1,455
_______ _______
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account ( 2,567) 455
_______ _______
Shareholders (deficit)/funds ( 1,567) 1,455
_______ _______
For the year ending 05 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 03 January 2025 , and are signed on behalf of the board by:
A V Smith
Director
Company registration number: 01010951
V A Smith (Stratford) Ltd
Notes to the financial statements
Year ended 5 April 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Office 1 Riverside Court, 24 Lower Southend Road, Wickford, SS11 8AW.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland.The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Debtors
2024 2023
£ £
Trade debtors 3,000 -
Other debtors - 320
_______ _______
3,000 320
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 1,192 1,192
Trade creditors 2,028 4,079
Other creditors 2,029 1,963
_______ _______
5,249 7,234
_______ _______
7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 1,571 2,793
_______ _______
8. Controlling party
The company is controlled by the director A V Smith by virtue of his shareholding.