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REGISTERED NUMBER: 06508401 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

& SMITH LIMITED

& SMITH LIMITED (REGISTERED NUMBER: 06508401)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 6

& SMITH LIMITED

COMPANY INFORMATION
for the Year Ended 28 February 2025







DIRECTORS: Mr D H Bernstein
Ms R S M Smith





SECRETARY: Ms R S M Smith





REGISTERED OFFICE: 20 Abbots Business Park
Primrose Hill
Kings Langley
Hertfordshire
WD4 8FR





REGISTERED NUMBER: 06508401 (England and Wales)





ACCOUNTANTS: Beyond Accounting Limited
20 Abbots Business Park
Primrose Hill
Kings Langley
Hertfordshire
WD4 8FR

& SMITH LIMITED (REGISTERED NUMBER: 06508401)

BALANCE SHEET
28 February 2025

28.2.25 29.2.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 12,387 15,736

CURRENT ASSETS
Debtors 5 117,263 104,413
Cash at bank 217,720 134,897
334,983 239,310
CREDITORS
Amounts falling due within one year 6 235,761 198,440
NET CURRENT ASSETS 99,222 40,870
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,609

56,606

PROVISIONS FOR LIABILITIES 3,097 3,934
NET ASSETS 108,512 52,672

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 108,412 52,572
SHAREHOLDERS' FUNDS 108,512 52,672

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

& SMITH LIMITED (REGISTERED NUMBER: 06508401)

BALANCE SHEET - continued
28 February 2025


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 4 June 2025 and were signed on its behalf by:




Mr D H Bernstein - Director



Ms R S M Smith - Director


& SMITH LIMITED (REGISTERED NUMBER: 06508401)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

& Smith 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 amounts receivable for graphic design services provided net of 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.
Website development - Straight line over 3 years
Fixtures and fittings - 25% on reducing balance
Computer equipment - 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 5 (2024 - 6 ) .

& SMITH LIMITED (REGISTERED NUMBER: 06508401)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2025

4. TANGIBLE FIXED ASSETS
Fixtures
Website and Computer
development fittings equipment Totals
£    £    £    £   
COST
At 1 March 2024 9,660 30,864 33,961 74,485
Additions - - 732 732
At 28 February 2025 9,660 30,864 34,693 75,217
DEPRECIATION
At 1 March 2024 3,170 27,791 27,788 58,749
Charge for year 1,622 769 1,690 4,081
At 28 February 2025 4,792 28,560 29,478 62,830
NET BOOK VALUE
At 28 February 2025 4,868 2,304 5,215 12,387
At 29 February 2024 6,490 3,073 6,173 15,736

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade debtors 116,664 84,209
Accrued income - 19,218
Prepayments 599 986
117,263 104,413

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade creditors 27,001 11,520
Taxation 77,014 58,258
Social security and other taxes 5,131 -
Value added tax 32,135 19,302
Other creditors 1,469 -
Directors' current accounts 1,215 2,195
Deferred income 88,261 104,555
Accruals 3,535 2,610
235,761 198,440

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
& SMITH LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of & Smith Limited for the year ended 28 February 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of & Smith Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of & Smith Limited and state those matters that we have agreed to state to the Board of Directors of & Smith Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that & Smith Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of & Smith Limited. You consider that & Smith Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of & Smith Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Beyond Accounting Limited
20 Abbots Business Park
Primrose Hill
Kings Langley
Hertfordshire
WD4 8FR


4 June 2025