REGISTERED NUMBER: 08212037 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

D W Smith Lettings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D W Smith

Mrs C M Smith

REGISTERED OFFICE:

Suite 9 Corum Two, Corum Office Park

Crown Way

Warmley

Bristol

BS30 8FJ

REGISTERED NUMBER:

08212037 (England and Wales)

ACCOUNTANTS:

Obsidian Accountancy Limited

Suite 9 Corum Two

Corum Office Park

Crown Way

Warmley

Bristol

BS30 8FJ

FIXED ASSETS

Intangible assets

4

16,337

30,337

Tangible assets

5

57,876

58,676

74,213

89,013

CURRENT ASSETS

Debtors

6

24,239

61,345

Cash at bank and in hand

45,586

3,350

69,825

64,695

CREDITORS

Amounts falling due within one year

7

95,025

75,886

NET CURRENT LIABILITIES

(25,200

)

(11,191

)

TOTAL ASSETS LESS CURRENT LIABILITIES

49,013

77,822

CREDITORS

Amounts falling due after more than one year

8

(20,581

)

(35,347

)

PROVISIONS FOR LIABILITIES

(13,095

)

(13,095

)

NET ASSETS

15,337

29,380

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

15,327

29,370

15,337

29,380

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 2 September 2025 and were signed on its behalf by:

D W Smith - Director

1.	STATUTORY INFORMATION

D W Smith Lettings 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years if purchased in 2012 and 5 years if purchased in 2021.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% 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.

Hire purchase and leasing commitments

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

170,000

AMORTISATION

At 1 April 2024

139,663

Charge for year

14,000

At 31 March 2025

153,663

NET BOOK VALUE

At 31 March 2025

16,337

At 31 March 2024

30,337

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

102,976

Additions

7,982

At 31 March 2025

110,958

DEPRECIATION

At 1 April 2024

44,300

Charge for year

8,782

At 31 March 2025

53,082

NET BOOK VALUE

At 31 March 2025

57,876

At 31 March 2024

58,676

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

34

1,257

Other debtors

24,205

60,088

24,239

61,345

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

14,795

14,342

Trade creditors

6,972

18,633

Taxation and social security

67,774

38,553

Other creditors

5,484

4,358

95,025

75,886

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

20,581

35,347

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

791

35,250

Between one and five years

37,748

-

38,539

35,250

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

D W Smith and Mrs C M Smith

Balance outstanding at start of year

19,903

33,688

Amounts repaid

(7,190

)

(13,785

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

12,713

19,903