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Company registration number: 11691115
MR SMOOTH PLASTERING LIMITED
30 November 2024
HEYWOODS
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 2AB
MR SMOOTH PLASTERING LIMITED
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
MR SMOOTH PLASTERING LIMITED
DIRECTORS AND OTHER INFORMATION
Director Mr M E Konieczny
Company number 11691115
Registered office 105 Harlescott Lane
Shrewsbury
Shropshire
SY1 3AR
Business address 105 Harlescott Lane
Shrewsbury
Shropshire
SY1 3AR
Accountants Heywoods
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 2AB
MR SMOOTH PLASTERING LIMITED
CHARTERED ACCOUNTANTS REPORT TO THE DIRECTOR ON THE PREPARATION OF THE
UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MR SMOOTH PLASTERING LIMITED
YEAR ENDED 30TH NOVEMBER 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mr Smooth Plastering Limited for the year ended 30 November 2024 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of Mr Smooth Plastering Limited, as a body, in accordance with the terms of our engagement letter dated 9 January 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Mr Smooth Plastering Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mr Smooth Plastering Limited and its director as a body for our work or for this report.
It is your duty to ensure that Mr Smooth Plastering 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 Mr Smooth Plastering Limited. You consider that Mr Smooth Plastering 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 Mr Smooth Plastering 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.
Heywoods
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 2AB
31 May 2025
MR SMOOTH PLASTERING LIMITED
STATEMENT OF FINANCIAL POSITION
30TH NOVEMBER 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 16,228 16,960
_______ _______
16,228 16,960
Current assets
Stocks 18,000 3,375
Debtors 6 1,474 9,225
Cash at bank and in hand 46,824 67,484
_______ _______
66,298 80,084
Creditors: amounts falling due
within one year 7 ( 22,824) ( 33,775)
_______ _______
Net current assets 43,474 46,309
_______ _______
Total assets less current liabilities 59,702 63,269
Creditors: amounts falling due
after more than one year 8 - ( 6,719)
Provisions for liabilities ( 3,084) ( 3,223)
_______ _______
Net assets 56,618 53,327
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 56,518 53,227
_______ _______
Shareholders funds 56,618 53,327
_______ _______
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 May 2025 , and are signed on behalf of the board by:
Mr M E Konieczny
Director
Company registration number: 11691115
MR SMOOTH PLASTERING LIMITED
STATEMENT OF CHANGES IN EQUITY
YEAR ENDED 30TH NOVEMBER 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 December 2022 100 36,786 36,886
Profit for the year 59,441 59,441
_______ _______ _______
Total comprehensive income for the year - 59,441 59,441
Dividends paid and payable ( 43,000) ( 43,000)
_______ _______ _______
Total investments by and distributions to owners - ( 43,000) ( 43,000)
_______ _______ _______
At 30 November 2023 and 1 December 2023 100 53,230 53,330
Profit for the year 53,288 53,288
_______ _______ _______
Total comprehensive income for the year - 53,288 53,288
Dividends paid and payable ( 50,000) ( 50,000)
_______ _______ _______
Total investments by and distributions to owners - ( 50,000) ( 50,000)
_______ _______ _______
At 30 November 2024 100 56,518 56,618
_______ _______ _______
MR SMOOTH PLASTERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30TH NOVEMBER 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 105 Harlescott Lane, Shrewsbury, Shropshire, SY1 3AR.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 15 % reducing balance
Fittings fixtures and equipment - 16.5 % straight line
Motor vehicles - 25 % reducing balance
Stocks
Stock is measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 December 2023 8,067 2,070 18,495 28,632
Additions 614 - 9,953 10,567
Disposals - - ( 14,995) ( 14,995)
_______ _______ _______ _______
At 30 November 2024 8,681 2,070 13,453 24,204
_______ _______ _______ _______
Depreciation
At 1 December 2023 3,985 1,173 6,514 11,672
Charge for the year 693 342 1,126 2,161
Disposals - - ( 5,857) ( 5,857)
_______ _______ _______ _______
At 30 November 2024 4,678 1,515 1,783 7,976
_______ _______ _______ _______
Carrying amount
At 30 November 2024 4,003 555 11,670 16,228
_______ _______ _______ _______
At 30 November 2023 4,082 897 11,981 16,960
_______ _______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 348 8,472
Other debtors 1,126 753
_______ _______
1,474 9,225
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts - 3,125
Trade creditors 3,762 6,382
Corporation tax 14,336 16,297
Social security and other taxes 458 2,617
Other creditors 4,268 5,354
_______ _______
22,824 33,775
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors - 6,719
_______ _______
9. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Amounts repaid Balance o/standing
£ £ £
Mr M E Konieczny ( 944) 511 ( 433)
_______ _______ _______
2023
Balance brought forward Amounts repaid Balance o/standing
£ £ £
Mr M E Konieczny ( 20,531) 19,587 ( 944)
_______ _______ _______