REGISTERED NUMBER: 07514489 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

HILTON SMYTHE LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C A Graham

G J Smyth

REGISTERED OFFICE:

10th Floor

Bridgewater House

Whitworth Street

Manchester

M1 6LT

REGISTERED NUMBER:

07514489 (England and Wales)

ACCOUNTANTS:

Ryans

Chartered Accountants

67 Chorley Old Road

Bolton

BL1 3AJ

FIXED ASSETS

Intangible assets

4

25,373

21,809

Tangible assets

5

161,390

208,297

186,763

230,106

CURRENT ASSETS

Stocks

86,666

98,485

Debtors

245,224

402,596

Cash at bank and in hand

1,596

72,144

333,486

573,225

CREDITORS

Amounts falling due within one year

278,908

463,941

NET CURRENT ASSETS

54,578

109,284

TOTAL ASSETS LESS CURRENT LIABILITIES

241,341

339,390

CREDITORS

Amounts falling due after more than one year

(127,100

)

(209,885

)

PROVISIONS FOR LIABILITIES

(38,344

)

(49,919

)

NET ASSETS

75,897

79,586

CAPITAL AND RESERVES

Called up share capital

8

140

140

Capital redemption reserve

60

60

Retained earnings

75,697

79,386

SHAREHOLDERS' FUNDS

75,897

79,586

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th September 2025 and were signed on its behalf by:

C A Graham - Director

1.	STATUTORY INFORMATION

Hilton Smythe 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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 Statement of Income and Retained Earnings, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 20 (2023 - 41 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2024

35,150

Additions

7,200

At 31st December 2024

42,350

AMORTISATION

At 1st January 2024

13,341

Amortisation for year

3,636

At 31st December 2024

16,977

NET BOOK VALUE

At 31st December 2024

25,373

At 31st December 2023

21,809

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2024

549,071

Additions

4,765

Disposals

(90

)

At 31st December 2024

553,746

DEPRECIATION

At 1st January 2024

340,774

Charge for year

51,582

At 31st December 2024

392,356

NET BOOK VALUE

At 31st December 2024

161,390

At 31st December 2023

208,297

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1st January 2024

and 31st December 2024

208,289

DEPRECIATION

At 1st January 2024

46,090

Charge for year

40,550

At 31st December 2024

86,640

NET BOOK VALUE

At 31st December 2024

121,649

At 31st December 2023

162,199

6.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

24,711

24,711

Between one and five years

127,100

151,811

151,811

176,522

Non-cancellable

operating leases

2024

2023

£

£

Within one year

13,345

-

Between one and five years

13,345

-

26,690

-

7.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

52,155

100,874

Hire purchase contracts

151,811

176,522

203,966

277,396

The bank loan is secured by charges over the company's assets.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

40

Redeemable

£1

40

40

140

140

9.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of The Pryzm Group Ltd, a company incorporated in England and Wales and controlled by two of the company's directors.