IRIS Accounts Production v24.2.0.383 04715338 Board of Directors Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047153382023-04-30047153382024-04-30047153382023-05-012024-04-30047153382022-04-30047153382022-05-012023-04-30047153382023-04-3004715338ns15:EnglandWales2023-05-012024-04-3004715338ns14:PoundSterling2023-05-012024-04-3004715338ns10:Director12023-05-012024-04-3004715338ns10:Director22023-05-012024-04-3004715338ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3004715338ns10:SmallEntities2023-05-012024-04-3004715338ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3004715338ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3004715338ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3004715338ns10:FullAccounts2023-05-012024-04-3004715338ns10:CompanySecretary12023-05-012024-04-3004715338ns10:RegisteredOffice2023-05-012024-04-3004715338ns5:ContinuingOperations2024-04-3004715338ns5:CurrentFinancialInstruments2024-04-3004715338ns5:CurrentFinancialInstruments2023-04-3004715338ns5:ShareCapital2024-04-3004715338ns5:ShareCapital2023-04-3004715338ns5:RetainedEarningsAccumulatedLosses2024-04-3004715338ns5:RetainedEarningsAccumulatedLosses2023-04-3004715338ns5:PlantMachinery2023-05-012024-04-3004715338ns5:FurnitureFittings2023-05-012024-04-3004715338ns5:MotorVehicles2023-05-012024-04-3004715338ns5:ComputerEquipment2023-05-012024-04-3004715338ns5:PlantMachinery2023-04-3004715338ns5:FurnitureFittings2023-04-3004715338ns5:MotorVehicles2023-04-3004715338ns5:ComputerEquipment2023-04-3004715338ns5:PlantMachinery2024-04-3004715338ns5:FurnitureFittings2024-04-3004715338ns5:MotorVehicles2024-04-3004715338ns5:ComputerEquipment2024-04-3004715338ns5:PlantMachinery2023-04-3004715338ns5:FurnitureFittings2023-04-3004715338ns5:MotorVehicles2023-04-3004715338ns5:ComputerEquipment2023-04-3004715338ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-3004715338ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-04-3004715338ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-3004715338ns5:CostValuation2023-04-3004715338ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3004715338ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30
REGISTERED NUMBER: 04715338 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

SMITHS PIGS LIMITED

SMITHS PIGS LIMITED (REGISTERED NUMBER: 04715338)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SMITHS PIGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr B A C Smith
Mr T B C Smith



SECRETARY: Mr T B C Smith



REGISTERED OFFICE: Farm Managers House
Blidworth Dale Farm
Ravenshead
Nottinghamshire
NG15 9AL



REGISTERED NUMBER: 04715338 (England and Wales)



ACCOUNTANTS: Anderson & Co
18 Diamond Avenue
Kirkby in Ashfield
Nottinghamshire
NG17 7GR



BANKERS: National Westminster Plc
Sutton & Kirkby Branch
Portland Square
Sutton in Ashfield
Nottinghamshire
NG17 1BA

SMITHS PIGS LIMITED (REGISTERED NUMBER: 04715338)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,840 42,678
Investments 5 448,150 448,150
493,990 490,828

CURRENT ASSETS
Stocks 163,057 163,168
Debtors 6 59,342 52,570
Cash at bank 310,936 216,585
533,335 432,323
CREDITORS
Amounts falling due within one year 7 106,696 54,548
NET CURRENT ASSETS 426,639 377,775
TOTAL ASSETS LESS CURRENT
LIABILITIES

920,629

868,603

PROVISIONS FOR LIABILITIES 8,487 8,047
NET ASSETS 912,142 860,556

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 912,138 860,552
SHAREHOLDERS' FUNDS 912,142 860,556

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

SMITHS PIGS LIMITED (REGISTERED NUMBER: 04715338)

BALANCE SHEET - continued
30 APRIL 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 14 January 2025 and were signed on its behalf by:




Mr B A C Smith - Director



Mr T B C Smith - Director


SMITHS PIGS LIMITED (REGISTERED NUMBER: 04715338)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Smiths Pigs 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 net invoiced sales of goods and services, excluding 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor bike - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

SMITHS PIGS LIMITED (REGISTERED NUMBER: 04715338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Motor Computer
machinery bike vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 409,093 9,853 400 1,209 420,555
Additions 1,333 - 19,329 - 20,662
Disposals - - (7,068 ) - (7,068 )
At 30 April 2024 410,426 9,853 12,661 1,209 434,149
DEPRECIATION
At 1 May 2023 367,320 9,074 351 1,131 377,876
Charge for year 15,316 778 662 78 16,834
Eliminated on disposal - - (6,401 ) - (6,401 )
At 30 April 2024 382,636 9,852 (5,388 ) 1,209 388,309
NET BOOK VALUE
At 30 April 2024 27,790 1 18,049 - 45,840
At 30 April 2023 41,773 779 49 78 42,679

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
COST
At 1 May 2023 81,800
Transfer to ownership (81,800 )
At 30 April 2024 -
DEPRECIATION
At 1 May 2023 62,449
Transfer to ownership (62,449 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 19,351

SMITHS PIGS LIMITED (REGISTERED NUMBER: 04715338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 448,150
NET BOOK VALUE
At 30 April 2024 448,150
At 30 April 2023 448,150

Fixed asset investments consist of long leasehold properties which were purchased for their investment potential.In the opinion of the Directors the open market values at 30th April 2019 were not materially different from the historic costs.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 46,262 46,262
VAT 6,796 529
Prepayments 6,284 5,779
59,342 52,570

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 29,402 33,448
Corporation tax 35,785 (2,529 )
Social security and other taxes 949 -
Directors' current accounts 37,935 21,129
Accrued expenses 2,625 2,500
106,696 54,548

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £