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REGISTERED NUMBER: 06147802















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

SMITH & WESTERN LINGFIELD LTD

SMITH & WESTERN LINGFIELD LTD (REGISTERED NUMBER: 06147802)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SMITH & WESTERN LINGFIELD LTD

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: T T Cox
Ms S Cox





REGISTERED OFFICE: First Floor
8b Lonsdale Gardens
Tunbridge Well
Kent
TN1 1NU





REGISTERED NUMBER: 06147802





AUDITORS: Waight & Company Ltd
Statutory Auditors
8 Lonsdale Gardens
Tunbridge Wells
Kent
TN1 1NU

SMITH & WESTERN LINGFIELD LTD (REGISTERED NUMBER: 06147802)

BALANCE SHEET
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 60,400 75,090

CURRENT ASSETS
Stocks 17,178 17,487
Debtors 5 314,026 235,537
Cash at bank and in hand 36,819 24,021
368,023 277,045
CREDITORS
Amounts falling due within one year 6 304,710 189,430
NET CURRENT ASSETS 63,313 87,615
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,713

162,705

PROVISIONS FOR LIABILITIES 6,905 6,143
NET ASSETS 116,808 156,562

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 116,708 156,462
SHAREHOLDERS' FUNDS 116,808 156,562

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 20 February 2025 and were signed on its behalf by:




T T Cox - Director



Ms S Cox - Director


SMITH & WESTERN LINGFIELD LTD (REGISTERED NUMBER: 06147802)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Smith & Western Lingfield Ltd is a private company, limited by shares , registered in Not specified/Other. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost
Plant and machinery - 15% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2023 - 30 ) .

SMITH & WESTERN LINGFIELD LTD (REGISTERED NUMBER: 06147802)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 183,215 184,873 368,088
DEPRECIATION
At 1 July 2023 144,993 148,005 292,998
Charge for year 9,161 5,529 14,690
At 30 June 2024 154,154 153,534 307,688
NET BOOK VALUE
At 30 June 2024 29,061 31,339 60,400
At 30 June 2023 38,222 36,868 75,090

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Amounts owed by group undertakings 314,026 235,537

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 85,013 86,152
Amounts owed to group undertakings 133,976 23,976
Taxation and social security 47,840 44,002
Other creditors 37,881 35,300
304,710 189,430

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 93,426 -
Between one and five years 186,852 -
280,278 -

8. SECURED DEBTS

A mortgage debenture is held in the name of the company, incorporation a fixed and floating charge over the assets, dated 29/06/2021

SMITH & WESTERN LINGFIELD LTD (REGISTERED NUMBER: 06147802)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Peter Waight (Senior Statutory Auditor)
for and on behalf of Waight & Company Ltd

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Smith & Western Restaurants Limited.

The company is a wholly owned subsidiary of Smith & Western Restaurants Limited.
Registered Office:
First Floor
8b Lonsdale Gardens
Tunbridge Wells
Kent
England
TN1 1NU