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REGISTERED NUMBER: 00545389 (England and Wales)















S P Smith Painting Contractors
Limited

Unaudited Financial Statements For The Year Ended 30 September 2024






S P Smith Painting Contractors
Limited (Registered number: 00545389)






Contents of the Financial Statements
For The Year Ended 30 September 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


S P Smith Painting Contractors
Limited

Company Information
For The Year Ended 30 September 2024







DIRECTORS: S P Smith
L Smith





SECRETARY: S P Smith





REGISTERED OFFICE: Unit C1
Beighton Link Business Park
Old Colliery Way
Sheffield
S20 1DJ





REGISTERED NUMBER: 00545389 (England and Wales)





ACCOUNTANTS: Kingswood Allotts Limited
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

S P Smith Painting Contractors
Limited (Registered number: 00545389)

Abridged Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 80,101 76,539

CURRENT ASSETS
Debtors 520,177 525,405
Cash at bank 234,269 164,888
754,446 690,293
CREDITORS
Amounts falling due within one year 203,474 216,998
NET CURRENT ASSETS 550,972 473,295
TOTAL ASSETS LESS CURRENT LIABILITIES 631,073 549,834

CREDITORS
Amounts falling due after more than one year (13,877 ) (24,041 )

PROVISIONS FOR LIABILITIES (2,130 ) (4,580 )
NET ASSETS 615,066 521,213

CAPITAL AND RESERVES
Called up share capital 6 2,000 2,000
Retained earnings 613,066 519,213
SHAREHOLDERS' FUNDS 615,066 521,213

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

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 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 April 2025 and were signed on its behalf by:





S P Smith - Director


S P Smith Painting Contractors
Limited (Registered number: 00545389)

Notes to the Financial Statements
For The Year Ended 30 September 2024

1. STATUTORY INFORMATION

S P Smith Painting Contractors Limited 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 represents net invoiced sales of goods and services, excluding value added tax, except in respect of long term contracts where turnover represents the proportion of contract value applicable to the activity in the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 19 ) .

S P Smith Painting Contractors
Limited (Registered number: 00545389)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 233,838
Additions 35,086
Disposals (34,067 )
At 30 September 2024 234,857
DEPRECIATION
At 1 October 2023 157,299
Charge for year 26,639
Eliminated on disposal (29,182 )
At 30 September 2024 154,756
NET BOOK VALUE
At 30 September 2024 80,101
At 30 September 2023 76,539

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 29,365 23,532
Between one and five years 50,436 58,771
79,801 82,303

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,400 Ordinary A £1 1,400 1,400
600 Ordinary B £1 600 600
2,000 2,000

7. RELATED PARTY DISCLOSURES

At the year-end £107,529 (2023 - £156,594) was owing to the directors. This is repayable on demand and interest free.