Company Registration No. 11440020 (England and Wales)
S P Smith Limited
Unaudited accounts
for the year ended 30 June 2024
S P Smith Limited
Unaudited accounts
Contents
S P Smith Limited
Company Information
for the year ended 30 June 2024
Company Number
11440020 (England and Wales)
Registered Office
C/O O'Meara Fitzmaurice & Co
Brimstage Hall
Brimstage Road
Wirral
CH63 6JA
Accountants
O'Meara Fitzmaurice & Co
Brimstage Hall
Brimstage Road
Wirral
CH63 6JA
S P Smith Limited
Statement of financial position
as at 30 June 2024
Tangible assets
2,239
2,239
Investment property
1,589,687
803,187
Cash at bank and in hand
18,034
48,989
Creditors: amounts falling due within one year
(652,651)
(366,540)
Net current liabilities
(634,617)
(317,551)
Total assets less current liabilities
957,309
487,875
Creditors: amounts falling due after more than one year
(1,192,265)
(651,601)
Net liabilities
(234,956)
(163,726)
Called up share capital
100
100
Revaluation reserve
75,637
75,637
Profit and loss account
(310,693)
(239,463)
Shareholders' funds
(234,956)
(163,726)
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 28 January 2025 and were signed on its behalf by
S P Smith
Director
Company Registration No. 11440020
S P Smith Limited
Notes to the Accounts
for the year ended 30 June 2024
S P Smith Limited is a private company, limited by shares, registered in England and Wales, registration number 11440020. The registered office is C/O O'Meara Fitzmaurice & Co, Brimstage Hall, Brimstage Road, Wirral, CH63 6JA.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
4
Tangible fixed assets
Plant & machinery
Fair value at 1 July 2023
803,187
S P Smith Limited
Notes to the Accounts
for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
652,651
366,540
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
1,192,265
651,601
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).