2023-09-01 13420221 2024-08-31 13420221 2023-09-01 2024-08-31 13420221 2023-08-31 13420221 2022-09-01 2023-08-31 13420221 uk-core:WithinOneYear 2023-08-31 13420221 uk-core:WithinOneYear 2024-08-31 13420221 uk-core:AfterOneYear 2023-08-31 13420221 uk-core:AfterOneYear 2024-08-31 13420221 uk-core:ShareCapital 2024-08-31 13420221 uk-core:ShareCapital 2023-08-31 13420221 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 13420221 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 13420221 uk-bus:Director1 2023-09-01 2024-08-31 13420221 uk-core:NetGoodwill 2023-09-01 2024-08-31 13420221 uk-core:OfficeEquipment 2023-09-01 2024-08-31 13420221 uk-core:MotorCars 2023-09-01 2024-08-31 13420221 uk-core:Goodwill 2023-08-31 13420221 uk-core:Goodwill 2024-08-31 13420221 uk-core:Goodwill 2023-09-01 2024-08-31 13420221 uk-core:OfficeEquipment 2023-08-31 13420221 uk-core:MotorCars 2023-08-31 13420221 uk-core:MotorCars 2024-08-31 13420221 uk-core:OfficeEquipment 2024-08-31 iso4217:GBP xbrli:pure 13420221 uk-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 13420221 uk-bus:FRS102 2023-09-01 2024-08-31 13420221 uk-bus:FilletedAccounts 2023-09-01 2024-08-31 13420221 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31
John Smale & Co Ltd
Registered Number:13420221
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2024
John Smale & Co Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
13420221
As at 31 August 2024
John Smale & Co Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
42,000
56,000
2
Property, plant and equipment
9,759
14,050
3
51,759
70,050
Current assets
Trade and other receivables
9,208
4,419
4
6,705
Cash and cash equivalents
45,483
49,902
15,913
Trade and other payables: amounts falling due within one
year
(13,913)
(41,622)
5
2,000
8,280
Net current assets
Total assets less current liabilities
60,039
72,050
Trade and other payables: amounts falling due after more
than one year
(87,950)
(112,950)
6
(52,911)
Net liabilities
(15,900)
Capital and reserves
Called up share capital
1
1
Retained earnings
(52,912)
(15,901)
(52,911)
(15,900)
Shareholders' funds
For the year ended 31 August 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 31 August 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.
S J Smith Director
These financial statements were approved and authorised for issue by the Board on 06 February 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 August 2024
John Smale & Co Ltd
Notes to the Financial Statements
Statutory Information
John Smale & Co Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 13420221.
Principal place of business:
5 Cross Street
Barnstaple
Devon
EX31 1BA
Registered address:
Copse Hill
Bratton Fleming
Barnstaple
Devon
EX31 4SD
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of 5 years.
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:
25 % Straight line
Computer and Office Equipment
25 % Straight line
Motor Vehicles
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.
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5
For the year ended 31 August 2024
John Smale & Co Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 September 2023
70,000
At 31 August 2024
70,000
Amortisation
At 01 September 2023
14,000
14,000
Charge for year
At 31 August 2024
28,000
Net book value
At 31 August 2024
42,000
At 31 August 2023
56,000
3. Property, plant and equipment
Total
Computer and
Office
Equipment
Motor Vehicles
£
£
£
Cost or
valuation
At 01 September 2023
19,414
9,349
10,065
750
750
-
Additions
At 31 August 2024
10,065
10,099
20,164
Provision for depreciation and impairment
At 01 September 2023
5,364
2,848
2,516
Charge for year
5,041
2,525
2,516
At 31 August 2024
10,405
5,373
5,032
At 31 August 2024
Net book value
5,033
4,726
9,759
At 31 August 2023
7,549
6,501
14,050
4. Trade and other receivables
2023
2024
£
£
Trade debtors
4,418
2,709
Other debtors
1
6,499
9,208
4,419
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6
For the year ended 31 August 2024
John Smale & Co Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
16,046
9,825
Taxation and social security
8,805
2,926
Other creditors
16,771
1,162
41,622
13,913
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
112,950
87,950
7. Average number of persons employed
During the year the average number of employees was 4 (2023 : 4)
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