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REGISTERED NUMBER: 04022182 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JUNE 2024

FOR

W SMITH & SONS LIMITED

W SMITH & SONS LIMITED (REGISTERED NUMBER: 04022182)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W SMITH & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: T R Smith
R I Smith





SECRETARY: R I Smith





REGISTERED OFFICE: Elson Geaves
Forest Links Road
Ferndown
Dorset
BH22 9PH





REGISTERED NUMBER: 04022182 (England and Wales)





ACCOUNTANTS: Elson Geaves Accountants
Chartered Certified Accountants
Elson Geaves
Forest Links Road
Ferndown
Dorset
BH22 9PH

W SMITH & SONS LIMITED (REGISTERED NUMBER: 04022182)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 71,085 67,548
71,085 67,548

CURRENT ASSETS
Stocks 2,250 2,250
Debtors 6 69,055 73,883
Cash at bank and in hand 15,914 61,092
87,219 137,225
CREDITORS
Amounts falling due within one year 7 157,127 154,131
NET CURRENT LIABILITIES (69,908 ) (16,906 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,177

50,642

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 1,174 50,639
SHAREHOLDERS' FUNDS 1,177 50,642

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

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 directors acknowledge their 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.

W SMITH & SONS LIMITED (REGISTERED NUMBER: 04022182)

BALANCE SHEET - continued
30 JUNE 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





T R Smith - Director


W SMITH & SONS LIMITED (REGISTERED NUMBER: 04022182)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

W Smith & Sons 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

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 Statement of Income and Retained Earnings, 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.


W SMITH & SONS LIMITED (REGISTERED NUMBER: 04022182)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 29,825
AMORTISATION
At 1 July 2023
and 30 June 2024 29,825
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

W SMITH & SONS LIMITED (REGISTERED NUMBER: 04022182)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 1,987 285,370 287,357
Additions - 36,481 36,481
Disposals - (50,776 ) (50,776 )
At 30 June 2024 1,987 271,075 273,062
DEPRECIATION
At 1 July 2023 1,987 217,822 219,809
Charge for year - 10,156 10,156
Eliminated on disposal - (27,988 ) (27,988 )
At 30 June 2024 1,987 199,990 201,977
NET BOOK VALUE
At 30 June 2024 - 71,085 71,085
At 30 June 2023 - 67,548 67,548

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 55,509 73,349
Other debtors 13,546 534
69,055 73,883

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 9,176 -
Trade creditors 39,537 58,104
Taxation and social security 73,560 48,038
Other creditors 34,854 47,989
157,127 154,131