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REGISTERED NUMBER: 03234694 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 August 2024

for

T.A. Smith (Builders) Limited

T.A. Smith (Builders) Limited (Registered number: 03234694)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T.A. Smith (Builders) Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: P Duffy
A Duffy



SECRETARY: Mrs J L Duffy



REGISTERED OFFICE: 58 The Parkway
Shelfield
Walsall
West Midlands
WS4 1XB



REGISTERED NUMBER: 03234694 (England and Wales)



ACCOUNTANTS: James, Stanley & Co. Limited
1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT



BANKERS: Santander UK plc
Bridle Road
Bootle
L30 4BG

T.A. Smith (Builders) Limited (Registered number: 03234694)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 5 33,911 32,232

CURRENT ASSETS
Inventories 6 6,672 17,360
Debtors 7 294,111 395,054
Cash at bank and in hand 35,575 48,594
336,358 461,008
CREDITORS
Amounts falling due within one
year

8

179,699

259,699
NET CURRENT ASSETS 156,659 201,309
TOTAL ASSETS LESS CURRENT
LIABILITIES

190,570

233,541

CREDITORS
Amounts falling due after more
than one year

9

(24,783

)

(41,778

)

PROVISIONS FOR LIABILITIES (8,478 ) (8,058 )
NET ASSETS 157,309 183,705

CAPITAL AND RESERVES
Called up share capital 11 101 101
Retained earnings 157,208 183,604
SHAREHOLDERS' FUNDS 157,309 183,705

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

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 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.

T.A. Smith (Builders) Limited (Registered number: 03234694)

Balance Sheet - continued
31 August 2024


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

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 27 May 2025 and were signed on its behalf by:





P Duffy - Director


T.A. Smith (Builders) Limited (Registered number: 03234694)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

T.A. Smith (Builders) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There have been no material departures from this standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks of materials are valued at the lower of cost and net realisable value. Work in progress is valued at cost of materials and labour including a proportion of overheads.

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.


T.A. Smith (Builders) Limited (Registered number: 03234694)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. ACCOUNTING POLICIES - continued
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.

Operating leases
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Loans from directors
As a small entity the company measures a basic financial liability that are loans from directors at transaction price.

Grants received
Grant income received as compensation for costs incurred is recognised as income in the period in which the grant is received.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

T.A. Smith (Builders) Limited (Registered number: 03234694)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 8,597 2,511 41,810 4,765 57,683
Additions 508 1,050 8,600 - 10,158
At 31 August 2024 9,105 3,561 50,410 4,765 67,841
DEPRECIATION
At 1 September 2023 7,133 2,151 11,402 4,765 25,451
Charge for year 395 282 7,802 - 8,479
At 31 August 2024 7,528 2,433 19,204 4,765 33,930
NET BOOK VALUE
At 31 August 2024 1,577 1,128 31,206 - 33,911
At 31 August 2023 1,464 360 30,408 - 32,232

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023 22,390
Reclassification/transfer 19,000
At 31 August 2024 41,390
DEPRECIATION
At 1 September 2023 4,478
Charge for year 6,015
Reclassification/transfer 6,840
At 31 August 2024 17,333
NET BOOK VALUE
At 31 August 2024 24,057
At 31 August 2023 17,912

6. INVENTORIES
31.8.24 31.8.23
£    £   
Stocks 2,351 1,980
Work-in-progress 4,321 15,380
6,672 17,360

T.A. Smith (Builders) Limited (Registered number: 03234694)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 22,858 22,151
Amounts owed by holding company 230,372 259,642
Amounts owed by fellow subsidiary 35,446 111,636
Other debtors 507 507
Prepayments and accrued income 4,928 1,118
294,111 395,054

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,000 10,050
Hire purchase contracts 7,045 5,891
Trade creditors 102,578 112,427
Amounts owed to fellow subsidiary - 83,301
Tax 9,507 2,172
Social security and other taxes 35,791 27,654
Other creditors 7,943 13,675
Directors' current accounts 309 283
Accruals and deferred income 6,526 4,246
179,699 259,699

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 9,167 19,117
Hire purchase contracts 15,616 22,661
24,783 41,778

10. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 19,167 29,167
Hire purchase contracts 22,661 28,552
41,828 57,719

Santander UK plc hold a fixed and floating charge over the property or undertaking of the company dated 24 January 2018.

Obligations under finance leases and hire purchase contracts are secured on the related lease assets.

T.A. Smith (Builders) Limited (Registered number: 03234694)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100
1 B Ordinary £1 1 1
101 101

12. CAPITAL COMMITMENTS
31.8.24 31.8.23
£    £   
Contracted but not provided for in the
financial statements - -

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
P Duffy
Balance outstanding at start of year - 9,373
Amounts repaid - (9,373 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The director's overdrawn current account is interest free with no specific repayment terms.

14. RELATED PARTY DISCLOSURES

Loans from key management personnel are unsecured and interest free with no specific repayment terms.

Balances with associated companies are unsecured and interest free with no specific repayment terms.