Registered Number:13420221 |
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
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
John Smale & Co Ltd
Statement of Financial Position
2023
2024
42,000
56,000
2
Property, plant and equipment |
9,759
14,050
3
51,759
70,050
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)
1
1
(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. |
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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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
Copse Hill
Bratton Fleming
Barnstaple
Devon
EX31 4SD
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. |
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: |
Computer and Office Equipment
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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For the year ended 31 August 2024
John Smale & Co Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
70,000
70,000
14,000
14,000
Charge for year
28,000
42,000
56,000
3. Property, plant and equipment |
Computer and |
Office |
Equipment |
Motor Vehicles
19,414
9,349
10,065
750
750
-
10,065
10,099
20,164
Provision for depreciation and impairment |
5,364
2,848
2,516
Charge for year
5,041
2,525
2,516
10,405
5,373
5,032
5,033
4,726
9,759
7,549
6,501
14,050
4. Trade and other receivables |
2023
2024
4,418
2,709
1
6,499
9,208
4,419
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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
16,046
9,825
Taxation and social security |
8,805
2,926
16,771
1,162
41,622
13,913
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
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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