2023-07-01 08509142 2024-06-30 08509142 2023-07-01 2024-06-30 08509142 2023-06-30 08509142 2022-07-01 2023-06-30 08509142 uk-core:WithinOneYear 2023-06-30 08509142 uk-core:WithinOneYear 2024-06-30 08509142 uk-core:ShareCapital 2024-06-30 08509142 uk-core:ShareCapital 2023-06-30 08509142 uk-core:RetainedEarningsAccumulatedLosses 2024-06-30 08509142 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 08509142 uk-bus:Director1 2023-07-01 2024-06-30 08509142 uk-core:PlantMachinery 2023-07-01 2024-06-30 08509142 uk-core:ToolsEquipment 2023-07-01 2024-06-30 08509142 uk-core:MotorCars 2023-07-01 2024-06-30 08509142 uk-core:FurnitureFittings 2023-07-01 2024-06-30 08509142 uk-core:ToolsEquipment 2023-06-30 08509142 uk-core:FurnitureFittings 2023-06-30 08509142 uk-core:MotorCars 2023-06-30 08509142 uk-core:PlantMachinery 2023-06-30 08509142 uk-core:MotorCars 2024-06-30 08509142 uk-core:FurnitureFittings 2024-06-30 08509142 uk-core:ToolsEquipment 2024-06-30 08509142 uk-core:PlantMachinery 2024-06-30 iso4217:GBP xbrli:pure 08509142 uk-bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 08509142 uk-bus:FRS102 2023-07-01 2024-06-30 08509142 uk-bus:FilletedAccounts 2023-07-01 2024-06-30 08509142 uk-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30
Smiths Fitted Furniture Limited
Registered Number:08509142
For the year ended 30 June 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2024
Smiths Fitted Furniture Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
08509142
As at 30 June 2024
Smiths Fitted Furniture Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
460,880
147,746
2
460,880
147,746
Current assets
Inventories
178,000
250,000
3
Trade and other receivables
329,000
3,070,403
4
1,566,339
Cash and cash equivalents
480,467
3,800,870
2,073,339
Trade and other payables: amounts falling due within one
year
(447,152)
(1,245,608)
5
1,626,187
2,555,262
Net current assets
Total assets less current liabilities
3,016,142
1,773,933
3,016,142
Net assets
1,773,933
Capital and reserves
Called up share capital
2
2
Retained earnings
3,016,140
1,773,931
3,016,142
1,773,933
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Barinder Singh Dhillon Director
These financial statements were approved and authorised for issue by the Board on 20 March 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 June 2024
Smiths Fitted Furniture Limited
Notes to the Financial Statements
Statutory Information
Smiths Fitted Furniture Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 08509142.
Registered address:
Unit 1A
Ashley Road
Uxbridge
Middlesex
UB8 2GA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
15% Reducing balance
Computer equipment
20% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures and fittings
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 30 June 2024
Smiths Fitted Furniture Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or
valuation
At 01 July 2023
334,564
3,700
3,500
62,446
264,918
398,965
3,000
15,000
30,000
350,965
Additions
At 30 June 2024
92,446
18,500
6,700
733,529
615,883
Provision for depreciation and impairment
At 01 July 2023
186,818
1,927
2,811
15,951
166,129
Charge for year
85,831
716
2,353
15,299
67,463
At 30 June 2024
272,649
2,643
5,164
31,250
233,592
At 30 June 2024
Net book value
382,291
61,196
13,336
4,057
460,880
At 30 June 2023
98,789
46,495
689
1,773
147,746
3. Inventories
2023
2024
£
£
Stocks
250,000
178,000
4. Trade and other receivables
2023
2024
£
£
Other debtors
3,070,403
329,000
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
227,113
80,709
Taxation and social security
421,966
260,777
Other creditors
596,529
105,666
1,245,608
447,152
6. Average number of persons employed
During the year the average number of employees was 18 (2023 : 17)
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