Registration number:
C M Smith Holdings Ltd
for the Period from 29 February 2024 to 31 March 2025
C M Smith Holdings Ltd
Contents
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Company Information |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
C M Smith Holdings Ltd
Company Information
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Director |
Mr C M Smith |
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Registered office |
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Accountants |
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C M Smith Holdings Ltd
(Registration number: SC801018)
Balance Sheet as at 31 March 2025
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Note |
2025 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
33,467 |
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Retained earnings |
57,999 |
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Shareholders' funds |
91,466 |
For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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C M Smith Holdings Ltd
Statement of Changes in Equity for the Period from 29 February 2024 to 31 March 2025
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Share capital |
Retained earnings |
Total |
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Profit for the period |
- |
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New share capital subscribed |
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- |
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At 31 March 2025 |
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C M Smith Holdings Ltd
Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 31 March 2025
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General information |
The company is a private company limited by share capital, incorporated in Scotland.
The address of its registered office is:
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The presentation currency is sterling.
Group accounts not prepared
Going concern
The financial statements have been prepared on a going concern basis. The director considers this basis is appropriate as the company is supported by the value of its investments and it continues to meet its working capital requirements as they fall due from the activities of its subsidiary.
Revenue recognition
Turnover comprises dividends received from the company's associated companies and is recognised when dividends are declared.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. There is currently no deferred tax liability.
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.
Investments
Investments in associated companies are recognised at cost less impairment. Gains or losses on disposal of these investments are recognised in the profit and loss account.
C M Smith Holdings Ltd
Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 31 March 2025 (continued)
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2 |
Accounting policies (continued) |
Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.
Dividends
Dividend distribution to the company's shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets, including bank balances and prepayments, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market value rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
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Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
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Investments |
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2025 |
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Investments in associates |
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C M Smith Holdings Ltd
Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 31 March 2025 (continued)
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4 |
Investments (continued) |
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Associates |
£ |
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Cost |
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Additions |
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Provision |
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Carrying amount |
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At 31 March 2025 |
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Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2025 |
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Associates |
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Scotland |
Ordinary |
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Scotland |
A Ordinary |
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Associates |
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CJC Surfacing Ltd The principal activity of CJC Surfacing Ltd is |
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Land Technology Ltd The principal activity of Land Technology Ltd is |
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Debtors |
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Current |
2025 |
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Other debtors |
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C M Smith Holdings Ltd
Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 31 March 2025 (continued)
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Creditors |
Creditors: amounts falling due within one year
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2025 |
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Due within one year |
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Accruals and deferred income |
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Share capital |
Allotted, called up and fully paid shares
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2025 |
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No. |
£ |
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33,467 |
33,467 ordinary shares of £1 each were issued at par during the year.