Registered Number:12213739 |
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 September 2024
M Smithson Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
M Smithson Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
382,897
400,128
2
382,897
400,128
13,311
14,110
3
Trade and other receivables |
660,110
637,950
4
104,660
Cash and cash equivalents |
237,048
889,108
778,081
Trade and other payables: amounts falling due within one |
year |
(354,564)
(387,548)
5
423,517
501,560
Net current assets
Total assets less current liabilities |
884,457
823,645
Trade and other payables: amounts falling due after more |
than one year |
(46,834)
(23,500)
6
860,957
Net assets
776,811
100
100
860,857
776,711
860,957
776,811
Shareholders' funds
For the year ended 30 September 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 September 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. |
These financial statements were approved and authorised for issue by the Board on 22 November 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 September 2024
M Smithson Ltd
Notes to the Financial Statements
Statutory Information
M Smithson Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
12213739. |
Hurstwood House
Hurstwood Village
Worsthorne, Burnley
BB10 3LQ
The presentation currency is £ sterling. |
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. |
Property, plant and equipment
Property, plant and equipment, 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: |
Land and Buildings
Plant and Machinery
Computer Equipment
Motor Vehicles
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
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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For the year ended 30 September 2024
M Smithson Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor Vehicles
664,652
5,247
231,905
402,338
25,162
85,405
1,077
-
84,328
-
486,666
231,905
6,324
750,057
25,162
Provision for depreciation and impairment |
264,524
3,165
98,464
156,816
6,079
Charge for year
102,636
790
33,360
65,970
2,516
367,160
3,955
131,824
222,786
8,595
16,567
263,880
100,081
2,369
382,897
19,083
245,522
133,441
2,082
400,128
2023
2024
14,110
13,311
4. Trade and other receivables |
2023
2024
385,400
406,102
252,550
254,008
660,110
637,950
5. Trade and other payables: amounts falling due within one year |
2023
2024
224,468
230,424
Taxation and social security |
90,654
65,824
72,426
58,316
387,548
354,564
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For the year ended 30 September 2024
M Smithson Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
23,500
46,834
7. Related party transactions |
During the year the company was charged £11,875 ( 2023 £14,710) by L Smithson Ltd and for £19,727 ( 2023 |
£35,820) by Complete Drain Services Ltd. Both of these companies are under the control of the Director Mr L |
Smithson. At the balance sheet date the company was owed £212,554 ( 2023 £204,554) by M Smithson Properties |
Ltd. This company is under common control of both of the Directors. |
8. Average number of persons employed |
During the year the average number of employees was 11 (2023 : 10)
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