IRIS Accounts Production v24.3.2.46 05992657 director 1.12.23 30.11.24 30.11.24 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh059926572023-11-30059926572024-11-30059926572023-12-012024-11-30059926572022-11-30059926572022-12-012023-11-30059926572023-11-3005992657ns15:EnglandWales2023-12-012024-11-3005992657ns14:PoundSterling2023-12-012024-11-3005992657ns10:Director12023-12-012024-11-3005992657ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3005992657ns10:SmallEntities2023-12-012024-11-3005992657ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3005992657ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3005992657ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3005992657ns10:FullAccounts2023-12-012024-11-3005992657ns10:OrdinaryShareClass12023-12-012024-11-3005992657ns10:RegisteredOffice2023-12-012024-11-3005992657ns5:CurrentFinancialInstruments2024-11-3005992657ns5:CurrentFinancialInstruments2023-11-3005992657ns5:ShareCapital2024-11-3005992657ns5:ShareCapital2023-11-3005992657ns5:RetainedEarningsAccumulatedLosses2024-11-3005992657ns5:RetainedEarningsAccumulatedLosses2023-11-3005992657ns5:FurnitureFittings2023-12-012024-11-3005992657ns5:MotorVehicles2023-12-012024-11-3005992657ns5:ComputerEquipment2023-12-012024-11-3005992657ns5:LandBuildings2023-11-3005992657ns5:FurnitureFittings2023-11-3005992657ns5:MotorVehicles2023-11-3005992657ns5:ComputerEquipment2023-11-3005992657ns5:LandBuildings2023-12-012024-11-3005992657ns5:LandBuildings2024-11-3005992657ns5:FurnitureFittings2024-11-3005992657ns5:MotorVehicles2024-11-3005992657ns5:ComputerEquipment2024-11-3005992657ns5:LandBuildings2023-11-3005992657ns5:FurnitureFittings2023-11-3005992657ns5:MotorVehicles2023-11-3005992657ns5:ComputerEquipment2023-11-3005992657ns5:DeferredTaxation2023-11-3005992657ns5:DeferredTaxation2023-12-012024-11-3005992657ns5:DeferredTaxation2024-11-3005992657ns10:OrdinaryShareClass12024-11-30
REGISTERED NUMBER: 05992657 (England and Wales)















Smith & Co Collections Limited

Unaudited Financial Statements

for the Year Ended 30th November 2024






Smith & Co Collections Limited (Registered number: 05992657)






Contents of the Financial Statements
for the year ended 30th November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


Smith & Co Collections Limited

Company Information
for the year ended 30th November 2024







DIRECTOR: B R Smith





REGISTERED OFFICE: 310 Wellingborough Road
Northampton
Northamptonshire
NN1 4EP





BUSINESS ADDRESS: 38 The Sorrels
Isham
Kettering
Northamptonshire
NN14 1HU





REGISTERED NUMBER: 05992657 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

Smith & Co Collections Limited (Registered number: 05992657)

Balance Sheet
30th November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 49,609 56,297

CURRENT ASSETS
Debtors 6 10,100 9,700
Cash at bank 1,445 7,932
11,545 17,632
CREDITORS
Amounts falling due within one year 7 31,148 17,948
NET CURRENT LIABILITIES (19,603 ) (316 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,006

55,981

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 29,906 55,881
SHAREHOLDERS' FUNDS 30,006 55,981

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

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 director and authorised for issue on 27th March 2025 and were signed by:





B R Smith - Director


Smith & Co Collections Limited (Registered number: 05992657)

Notes to the Financial Statements
for the year ended 30th November 2024

1. STATUTORY INFORMATION

Smith & Co Collections 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company in the year under review was that of providing bailiff services.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistency applied to all years presented unless otherwise stated.

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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Smith & Co Collections Limited (Registered number: 05992657)

Notes to the Financial Statements - continued
for the year ended 30th November 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st December 2023 26,802 248 107,670 6,726 141,446
Additions - - - 1,281 1,281
At 30th November 2024 26,802 248 107,670 8,007 142,727
DEPRECIATION
At 1st December 2023 - 165 78,505 6,479 85,149
Charge for year - 12 7,290 667 7,969
At 30th November 2024 - 177 85,795 7,146 93,118
NET BOOK VALUE
At 30th November 2024 26,802 71 21,875 861 49,609
At 30th November 2023 26,802 83 29,165 247 56,297

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Deferred tax asset 10,100 9,700

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 12,112 6,957
VAT 11,931 2,054
Directors' current accounts 5,105 7,012
Accrued expenses 2,000 1,925
31,148 17,948

8. DEFERRED TAX
£   
Balance at 1st December 2023 (9,700 )
Provided during year (400 )
Movement in year
Balance at 30th November 2024 (10,100 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares £1 100 100

10. CONTINGENT LIABILITIES

There were no contingent liabilities as at 30th November 2024 or 30th November 2023.

11. CAPITAL COMMITMENTS

There were no capital commitments as at 30th November 2024 or 30th November 2023.