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REGISTERED NUMBER: 14495009 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Smith & Tyson Brickwork Ltd

Smith & Tyson Brickwork Ltd (Registered number: 14495009)

Contents of the Financial Statements
for the Year Ended 30 November 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Smith & Tyson Brickwork Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: D J Smith
Miss C M Tyson





REGISTERED OFFICE: 20 Welland Road
Quedgeley
Gloucester
Gloucestershire
GL2 4SG





REGISTERED NUMBER: 14495009 (England and Wales)





ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS

Smith & Tyson Brickwork Ltd (Registered number: 14495009)

Statement of Financial Position
30 November 2024

30/11/24 30/11/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,476 954

CURRENT ASSETS
Debtors 5 13,577 16,974
Cash at bank 30,606 504
44,183 17,478
CREDITORS
Amounts falling due within one year 6 20,972 18,290
NET CURRENT ASSETS/(LIABILITIES) 23,211 (812 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,687

142

CREDITORS
Amounts falling due after more than one
year

7

(41,696

)

-

PROVISIONS FOR LIABILITIES (8,070 ) -
NET ASSETS 15,921 142

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 15,821 42
SHAREHOLDERS' FUNDS 15,921 142

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Smith & Tyson Brickwork Ltd (Registered number: 14495009)

Statement of Financial Position - continued
30 November 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 Income Statement 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:





D J Smith - Director


Smith & Tyson Brickwork Ltd (Registered number: 14495009)

Notes to the Financial Statements
for the Year Ended 30 November 2024


1. STATUTORY INFORMATION

Smith & Tyson Brickwork Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Smith & Tyson Brickwork Ltd (Registered number: 14495009)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 December 2023 - 1,272 - 1,272
Additions 392 - 55,395 55,787
At 30 November 2024 392 1,272 55,395 57,059
Depreciation
At 1 December 2023 - 318 - 318
Charge for year 98 318 13,849 14,265
At 30 November 2024 98 636 13,849 14,583
Net book value
At 30 November 2024 294 636 41,546 42,476
At 30 November 2023 - 954 - 954

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
Additions 55,395
At 30 November 2024 55,395
Depreciation
Charge for year 13,849
At 30 November 2024 13,849
Net book value
At 30 November 2024 41,546

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Other debtors 13,577 16,974

Smith & Tyson Brickwork Ltd (Registered number: 14495009)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Hire purchase contracts 7,995 -
Trade creditors 122 60
Taxation and social security 8,971 11,780
Other creditors 3,884 6,450
20,972 18,290

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/24 30/11/23
£    £   
Hire purchase contracts 41,696 -

8. RELATED PARTY DISCLOSURES

At 30 November 2024, the company owed the directors D J Smith and Miss C M Tyson £2,966 (2023 - £5,625). The balance owed, included within other creditors, is made of business expenses not yet reimbursed and declared dividends directly credited to the directors' loan account. The loan balance is repayable to the directors on demand.