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REGISTERED NUMBER: 12243593 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

SMITH & WESTERN (HORSHAM) LIMITED

SMITH & WESTERN (HORSHAM) LIMITED (REGISTERED NUMBER: 12243593)






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 (HORSHAM) LIMITED

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: 12243593 (England and Wales)





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

SMITH & WESTERN (HORSHAM) LIMITED (REGISTERED NUMBER: 12243593)

BALANCE SHEET
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 510,533 544,390

CURRENT ASSETS
Stocks 29,093 30,154
Debtors 5 192,957 102,701
Cash at bank and in hand 38,885 24,691
260,935 157,546
CREDITORS
Amounts falling due within one year 6 660,085 603,090
NET CURRENT LIABILITIES (399,150 ) (445,544 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,383

98,846

PROVISIONS FOR LIABILITIES 61,542 65,047
NET ASSETS 49,841 33,799

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 49,741 33,699
49,841 33,799

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 (HORSHAM) LIMITED (REGISTERED NUMBER: 12243593)

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

1. STATUTORY INFORMATION

Smith & Western (Horsham) 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 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.
Plant and machinery etc - 15% on reducing balance and Straight line over 25 years

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 84 (2023 - 86 ) .

SMITH & WESTERN (HORSHAM) LIMITED (REGISTERED NUMBER: 12243593)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 640,185
Additions 28,260
At 30 June 2024 668,445
DEPRECIATION
At 1 July 2023 95,795
Charge for year 62,117
At 30 June 2024 157,912
NET BOOK VALUE
At 30 June 2024 510,533
At 30 June 2023 544,390

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Amounts owed by group undertakings 163,302 80,050
Other debtors 29,655 22,651
192,957 102,701

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 77,461 91,851
Amounts owed to group undertakings 335,411 336,807
Taxation and social security 121,398 101,700
Other creditors 125,815 72,732
660,085 603,090

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 110,000 127,826
Between one and five years 18,333 128,333
128,333 256,159

SMITH & WESTERN (HORSHAM) LIMITED (REGISTERED NUMBER: 12243593)

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

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

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. 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