2023-10-01 12213739 2024-09-30 12213739 2023-10-01 2024-09-30 12213739 2023-09-30 12213739 2022-10-01 2023-09-30 12213739 uk-core:WithinOneYear 2023-09-30 12213739 uk-core:WithinOneYear 2024-09-30 12213739 uk-core:AfterOneYear 2023-09-30 12213739 uk-core:AfterOneYear 2024-09-30 12213739 uk-core:ShareCapital 2024-09-30 12213739 uk-core:ShareCapital 2023-09-30 12213739 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 12213739 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 12213739 uk-bus:Director1 2023-10-01 2024-09-30 12213739 uk-core:LeaseholdImprovements 2023-10-01 2024-09-30 12213739 uk-core:PlantMachinery 2023-10-01 2024-09-30 12213739 uk-core:ComputerEquipment 2023-10-01 2024-09-30 12213739 uk-core:CommercialMotorVehicles 2023-10-01 2024-09-30 12213739 uk-core:ComputerEquipment 2023-09-30 12213739 uk-core:CommercialMotorVehicles 2023-09-30 12213739 uk-core:PlantMachinery 2023-09-30 12213739 uk-core:LeaseholdImprovements 2023-09-30 12213739 uk-core:PlantMachinery 2024-09-30 12213739 uk-core:CommercialMotorVehicles 2024-09-30 12213739 uk-core:ComputerEquipment 2024-09-30 12213739 uk-core:LeaseholdImprovements 2024-09-30 iso4217:GBP xbrli:pure 12213739 uk-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 12213739 uk-bus:FRS102 2023-10-01 2024-09-30 12213739 uk-bus:FilletedAccounts 2023-10-01 2024-09-30 12213739 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30
M Smithson Ltd
Registered Number:12213739
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
12213739
As at 30 September 2024
M Smithson Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
382,897
400,128
2
382,897
400,128
Current assets
Inventories
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
Capital and reserves
Called up share capital
100
100
Retained earnings
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.
Max Smithson Director
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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4
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.
Registered address:
Hurstwood House
Hurstwood Village
Worsthorne, Burnley
BB10 3LQ
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.
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
10% Straight line
Plant and Machinery
20% Reducing balance
25% Reducing balance
Computer Equipment
25% Reducing balance
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.
2 of 4
5
For the year ended 30 September 2024
M Smithson Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
Cost or
valuation
At 01 October 2023
664,652
5,247
231,905
402,338
25,162
85,405
1,077
-
84,328
-
Additions
At 30 September 2024
486,666
231,905
6,324
750,057
25,162
Provision for depreciation and impairment
At 01 October 2023
264,524
3,165
98,464
156,816
6,079
Charge for year
102,636
790
33,360
65,970
2,516
At 30 September 2024
367,160
3,955
131,824
222,786
8,595
At 30 September 2024
Net book value
16,567
263,880
100,081
2,369
382,897
At 30 September 2023
19,083
245,522
133,441
2,082
400,128
3. Inventories
2023
2024
£
£
Stocks
14,110
13,311
4. Trade and other receivables
2023
2024
£
£
Trade debtors
385,400
406,102
Other debtors
252,550
254,008
660,110
637,950
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
224,468
230,424
Taxation and social security
90,654
65,824
Other creditors
72,426
58,316
387,548
354,564
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6
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
£
£
Other creditors
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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