REGISTERED NUMBER: 05882200 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Smith & Brenson Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Smith

L W Hart

M Langdon

REGISTERED OFFICE:

7 Soundwell Rd

Staple Hill

Bristol

Avon

BS16 4QG

REGISTERED NUMBER:

05882200 (England and Wales)

ACCOUNTANTS:

Norton Accountancy Ltd

7 Soundwell Road

Staple Hill

Bristol

BS16 4QG

FIXED ASSETS

Intangible assets

4

400

600

Tangible assets

5

6,379

8,506

6,779

9,106

CURRENT ASSETS

Stocks

230,090

233,262

Debtors

6

827,849

532,523

Cash at bank and in hand

122,386

101,745

1,180,325

867,530

CREDITORS

Amounts falling due within one year

7

(924,126

)

(544,819

)

NET CURRENT ASSETS

256,199

322,711

TOTAL ASSETS LESS CURRENT LIABILITIES

262,978

331,817

CREDITORS

Amounts falling due after more than one year

8

(259,529

)

(329,340

)

PROVISIONS FOR LIABILITIES

(1,212

)

(1,616

)

NET ASSETS

2,237

861

CAPITAL AND RESERVES

Called up share capital

2

2

Capital redemption reserve

(59,999

)

(59,999

)

Retained earnings

62,234

60,858

SHAREHOLDERS' FUNDS

2,237

861

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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 30 June 2025 and were signed on its behalf by:

R Smith - Director

1.	STATUTORY INFORMATION

Smith & Brenson 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, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

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.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 17 (2023 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2023

and 30 September 2024

4,000

AMORTISATION

At 1 October 2023

3,400

Charge for year

200

At 30 September 2024

3,600

NET BOOK VALUE

At 30 September 2024

400

At 30 September 2023

600

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2023

and 30 September 2024

30,635

2,841

14,741

4,930

53,147

DEPRECIATION

At 1 October 2023

27,327

1,472

13,906

1,936

44,641

Charge for year

827

342

209

749

2,127

At 30 September 2024

28,154

1,814

14,115

2,685

46,768

NET BOOK VALUE

At 30 September 2024

2,481

1,027

626

2,245

6,379

At 30 September 2023

3,308

1,369

835

2,994

8,506

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

820,712

503,356

Other debtors

2,249

2,249

Directors' current accounts

-

19,132

Prepayments

4,888

7,786

827,849

532,523

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans and overdrafts

117,559

131,652

Trade creditors

324,006

217,622

Tax

54,902

18,979

Social security and other taxes

45,037

27,166

VAT

218,323

140,703

Other creditors

12,952

2,895

Credit card

5,614

4,251

Directors' current accounts

40,795

51

Accruals and deferred income

104,938

1,500

924,126

544,819

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans - 2-5 years

259,529

329,340

9.	RELATED PARTY DISCLOSURES