2023-05-012024-04-302024-04-30false06579007SMEATON LETTINGS 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SMEATON LETTINGS LTD

Registered Number
06579007
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

SMEATON LETTINGS LTD
Company Information
for the year from 1 May 2023 to 30 April 2024

Director

Daniel William Robinson

Company Secretary

Daniel William Robinson

Registered Address

The Office 204 Central Park Towers
28 Central Park Avenue
Plymouth
PL4 6NE

Registered Number

06579007 (England and Wales)
SMEATON LETTINGS LTD
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets33,0224,101
Tangible assets42,7673,388
5,7897,489
Current assets
Debtors57,3282,408
Cash at bank and on hand83420
8,1622,428
Creditors amounts falling due within one year6(78,296)(92,444)
Net current assets (liabilities)(70,134)(90,016)
Total assets less current liabilities(64,345)(82,527)
Creditors amounts falling due after one year7(25,073)(27,125)
Net assets(89,418)(109,652)
Capital and reserves
Called up share capital122110
Profit and loss account(89,540)(109,762)
Shareholders' funds(89,418)(109,652)
The financial statements were approved and authorised for issue by the Director on 19 December 2024, and are signed on its behalf by:
Daniel William Robinson
Director
Registered Company No. 06579007
SMEATON LETTINGS LTD
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Land and buildings5
Fixtures and fittings25
Office Equipment15
2.Average number of employees

20242023
Average number of employees during the year44
3.Intangible assets
Goodwill, being the amount paid in connection with the acquisition of the business in 2011, is being amortised at 6.25% per year.

Goodwill

Total

££
Cost or valuation
At 01 May 2317,26517,265
At 30 April 2417,26517,265
Amortisation and impairment
At 01 May 2313,16413,164
Charge for year1,0791,079
At 30 April 2414,24314,243
Net book value
At 30 April 243,0223,022
At 30 April 234,1014,101
4.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 May 2318,32118,321
At 30 April 2418,32118,321
Depreciation and impairment
At 01 May 2314,93314,933
Charge for year621621
At 30 April 2415,55415,554
Net book value
At 30 April 242,7672,767
At 30 April 233,3883,388
5.Debtors: amounts due within one year

2024

2023

££
Other debtors7,3282,408
Total7,3282,408
6.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts4,0663,500
Taxation and social security21,59428,320
Other creditors47,31355,879
Accrued liabilities and deferred income5,3234,745
Total78,29692,444
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts25,07327,125
Total25,07327,125
8.Related party transactions
At the year end D. Robinson, Director owed the company £424 (2023 -D. Robinson was owed by the company £746.)