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Company Registration No. 03615996 (England and Wales)
Jamie Smith Estates Limited Unaudited accounts for the year ended 31 August 2024
Jamie Smith Estates Limited Unaudited accounts Contents
Page
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Jamie Smith Estates Limited Company Information for the year ended 31 August 2024
Director
Mr J.L. Smith
Company Number
03615996 (England and Wales)
Registered Office
Ferry Cottage, Lashbrook Road Lower Shiplake Henley-On-Thames Oxfordshire RG9 3NX England
Accountants
Stephen Beard Accountancy Services 10 Cheshire Road Thame Oxon OX9 3LQ
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Jamie Smith Estates Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
239,750 
538,597 
Current assets
Inventories
2,990,905 
3,397,882 
Debtors
541,737 
391,030 
Cash at bank and in hand
122,862 
98,258 
3,655,504 
3,887,170 
Creditors: amounts falling due within one year
(210,028)
(236,655)
Net current assets
3,445,476 
3,650,515 
Total assets less current liabilities
3,685,226 
4,189,112 
Creditors: amounts falling due after more than one year
(1,250,919)
(1,676,705)
Provisions for liabilities
Deferred tax
(32,980)
(26,521)
Net assets
2,401,327 
2,485,886 
Capital and reserves
Called up share capital
1,100 
1,100 
Revaluation reserve
- 
56,340 
Profit and loss account
2,400,227 
2,428,446 
Shareholders' funds
2,401,327 
2,485,886 
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 May 2025 and were signed on its behalf by
Mr J.L. Smith Director Company Registration No. 03615996
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Jamie Smith Estates Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Jamie Smith Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 03615996. The registered office is Ferry Cottage, Lashbrook Road, Lower Shiplake, Henley-On-Thames, Oxfordshire, RG9 3NX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Computer equipment
25% Reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Jamie Smith Estates Limited Notes to the Accounts for the year ended 31 August 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
390,000 
101,333 
259,738 
751,071 
Additions
- 
6,695 
131,500 
138,195 
Disposals
(390,000)
- 
- 
(390,000)
At 31 August 2024
- 
108,028 
391,238 
499,266 
Depreciation
At 1 September 2023
- 
84,752 
127,722 
212,474 
Charge for the year
- 
5,819 
41,223 
47,042 
At 31 August 2024
- 
90,571 
168,945 
259,516 
Net book value
At 31 August 2024
- 
17,457 
222,293 
239,750 
At 31 August 2023
390,000 
16,581 
132,016 
538,597 
2024 
2023 
£ 
£ 
Carrying amount of land and buildings on cost basis
- 
320,444 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
- 
3,061 
- Motor vehicles
221,560 
91,164 
5
Inventories
2024 
2023 
£ 
£ 
Work in progress
2,990,905 
3,397,882 
2,990,905 
3,397,882 
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Jamie Smith Estates Limited Notes to the Accounts for the year ended 31 August 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
21,497 
15,052 
Trade debtors
- 
50,000 
Accrued income and prepayments
15,179 
16,385 
Other debtors
505,061 
309,593 
541,737 
391,030 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
10,410 
Obligations under finance leases and hire purchase contracts
53,980 
39,915 
Trade creditors
90,200 
65,556 
Taxes and social security
30,660 
17,068 
Other creditors
33,064 
100,261 
Accruals
2,124 
3,445 
210,028 
236,655 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,099,054 
1,609,985 
Obligations under finance leases and hire purchase contracts
151,865 
66,720 
1,250,919 
1,676,705 
Aggregate of amounts that fall due for payment after five years
- 
169,255 
There are fixed charges over the freehold land and buildings, floating charges and negative pledges as security against the loans.
9
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
32,980 
13,305 
Revaluation of land and buildings
- 
13,216 
32,980 
26,521 
2024 
2023 
£ 
£ 
Provision at start of year
26,521 
24,257 
Charged to the profit and loss account
6,459 
2,264 
Provision at end of year
32,980 
26,521 
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Jamie Smith Estates Limited Notes to the Accounts for the year ended 31 August 2024
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr J.L. Smith
Director's loan account
37,564 
52,659 
4,995 
85,228 
37,564 
52,659 
4,995 
85,228 
11
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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