Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30Other service activities not elsewhere classified3true2023-10-01false3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01975171 2023-10-01 2024-09-30 01975171 2022-10-01 2023-09-30 01975171 2024-09-30 01975171 2023-09-30 01975171 c:Director2 2023-10-01 2024-09-30 01975171 d:Buildings 2024-09-30 01975171 d:Buildings 2023-09-30 01975171 d:Buildings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 01975171 d:Buildings d:LongLeaseholdAssets 2023-10-01 2024-09-30 01975171 d:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 01975171 d:OtherPropertyPlantEquipment 2024-09-30 01975171 d:OtherPropertyPlantEquipment 2023-09-30 01975171 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 01975171 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 01975171 d:CurrentFinancialInstruments 2024-09-30 01975171 d:CurrentFinancialInstruments 2023-09-30 01975171 d:Non-currentFinancialInstruments 2024-09-30 01975171 d:Non-currentFinancialInstruments 2023-09-30 01975171 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 01975171 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 01975171 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 01975171 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 01975171 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 01975171 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 01975171 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 01975171 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 01975171 d:ShareCapital 2024-09-30 01975171 d:ShareCapital 2023-09-30 01975171 d:RetainedEarningsAccumulatedLosses 2024-09-30 01975171 d:RetainedEarningsAccumulatedLosses 2023-09-30 01975171 c:OrdinaryShareClass1 2023-10-01 2024-09-30 01975171 c:OrdinaryShareClass1 2024-09-30 01975171 c:FRS102 2023-10-01 2024-09-30 01975171 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 01975171 c:FullAccounts 2023-10-01 2024-09-30 01975171 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 01975171 d:WithinOneYear 2024-09-30 01975171 d:WithinOneYear 2023-09-30 01975171 d:BetweenOneFiveYears 2024-09-30 01975171 d:BetweenOneFiveYears 2023-09-30 01975171 d:MoreThanFiveYears 2024-09-30 01975171 d:MoreThanFiveYears 2023-09-30 01975171 d:HirePurchaseContracts d:WithinOneYear 2024-09-30 01975171 d:HirePurchaseContracts d:WithinOneYear 2023-09-30 01975171 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-09-30 01975171 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-09-30 01975171 2 2023-10-01 2024-09-30 01975171 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 01975171 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 01975171 e:PoundSterling 2023-10-01 2024-09-30 01975171 d:EntityControlledByKeyManagementPersonnel5 2023-10-01 2024-09-30 01975171 d:EntityControlledByKeyManagementPersonnel5 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01975171









SMITH & TAYLOR LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
SMITH & TAYLOR LIMITED
REGISTERED NUMBER: 01975171

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024


2024

2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
24,275
28,457

Current assets
  

Debtors: amounts falling due within one year
 5 
267,454
333,491

Cash at bank and in hand
 6 
59,205
57,158

  
326,659
390,649

Creditors: amounts falling due within one year
 7 
(145,766)
(180,751)

Net current assets
  
 
 
180,893
 
 
209,898

Total assets less current liabilities
  
205,168
238,355

Creditors: amounts falling due after more than one year
 8 
(46,599)
(65,877)

Provisions for liabilities
  

Deferred tax
 11 
(3,619)
(4,489)

Net assets
  
154,950
167,989


Capital and reserves
  

Called up share capital 
 12 
30,000
30,000

Profit and loss account
  
124,950
137,989

  
154,950
167,989


Page 1

 
SMITH & TAYLOR LIMITED
REGISTERED NUMBER: 01975171
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 August 2025.




S D C Riley-Smith
Director


The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
SMITH & TAYLOR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Smith & Taylor Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is Chelsea Bridge Cellars, 1C Broughton Street, London, SW8 3QJ.
The company specialises in containerised storage and delivery of fine wines and the design and manufacture of wine rooms and cabinets.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors note that the company is trading adequately and has sufficient working capital and other finance available to continue trading for a period of not less than 12 months from the date of approval of these financial statements. As such, the directors believe that there are not significant uncertainties in their assessment of whether the company is a going concern and therefore have prepared the accounts on a going concern basis. 

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
SMITH & TAYLOR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following bases:

Land and buildings
-
Over the life of the lease
Other fixed assets
-
20% straight line and 15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Finance costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
SMITH & TAYLOR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.9

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.10

Pensions

Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.11

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.

 
2.12

Current and deferred taxation

Tax is recognised in the Statement of comprehensive income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income 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 income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of financial position date, except that:
• The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
• Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

 
2.13

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

Page 5

 
SMITH & TAYLOR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Tangible fixed assets





Land and buildings
Other fixed assets
Total

£
£
£



Cost 


At 1 October 2023
105,285
161,083
266,368



At 30 September 2024

105,285
161,083
266,368



Depreciation


At 1 October 2023
90,088
147,823
237,911


Charge for the year 
1,844
2,338
4,182



At 30 September 2024

91,932
150,161
242,093



Net book value



At 30 September 2024
13,353
10,922
24,275



At 30 September 2023
15,197
13,260
28,457

Page 6

 
SMITH & TAYLOR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
97,450
95,932

Other debtors
152,057
209,529

Prepayments and accrued income
17,947
28,030

267,454
333,491



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
59,205
57,158

59,205
57,158



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
24,284
24,284

Trade creditors
77,698
59,654

Corporation tax
-
12,596

Other taxation and social security
40,877
45,027

Obligations under finance lease and hire purchase contracts
707
2,827

Accruals and deferred income
2,200
36,363

145,766
180,751


The bank loans are secured against all the property and undertakings of the company.
Obligations under finance leases and hire purchase contracts are secured against the assets to which they relate.

Page 7

 
SMITH & TAYLOR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
46,599
64,934

Net obligations under finance leases and hire purchase contracts
-
943

46,599
65,877


The bank loans are secured against all the property and undertakings of the company.
Obligations under finance leases and hire purchase contracts are secured against the assets to which they relate.


9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
24,284
24,284

Amounts falling due 1-2 years

Bank loans
20,323
24,284

Amounts falling due 2-5 years

Bank loans
26,276
40,650


70,883
89,218



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
707
2,827

Between 1-2 years
-
943

707
3,770

Page 8

 
SMITH & TAYLOR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11.


Deferred taxation




2024


£






At beginning of year
4,489


Credited to the Statement of comprehensive income
(870)



At end of year
3,619

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
3,619
4,489

3,619
4,489


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



30,000 Ordinary shares of £1 each
30,000
30,000



13.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions repayable by the company to the fund and amounted to £Nil (2023 - £Nil). Total contribution payable at the year end was £Nil (2023 - £Nil).

Page 9

 
SMITH & TAYLOR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

14.


Commitments under operating leases

At 30 September 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
36,000
36,000

Later than 1 year and not later than 5 years
111,000
144,000

Later than 5 years
-
3,000

147,000
183,000


15.


Transactions with directors

Included within other debtors is an amount of £64,240 (2023 - £111,477) due from the directors. During the year, the directors repaid £47,237 (2023 - £2,050) and were given further loans of £Nil (2023 - £Nil). There is no interest payable or accruing on this loan.


16.


Related party transactions

Included within other debtors is an amount of £28,000 (2023 - £28,000) due from a company with common directors.

Included within trade creditors is an amount of £Nil (2023 - £1,411) due to a family member of the directors


17.


Controlling party

The ultimate controlling parties are the directors by virtue of their shareholdings.

 
Page 10