REGISTERED NUMBER: 01220587 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SMITH & GARDNER OF 19 MILNER STREET

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mr M P Gardner

Mrs P Gardner

Mr M W Gardner

Registered office:

19 Milner Street

London

SW3 2QB

Registered number:

01220587 (England and Wales)

Accountants:

Rock Tax & Accounting

Elm House, Tanshire Park

Shackleford Road

Elstead

Godalming

Surrey

GU8 6LB

Fixed assets

Tangible assets

4

11,470

9,738

Current assets

Stocks

3,000

3,000

Debtors

5

17,901

7,994

Cash at bank

36,585

57,207

57,486

68,201

Creditors

Amounts falling due within one year

6

47,043

52,012

Net current assets

10,443

16,189

Total assets less current liabilities

21,913

25,927

Creditors

Amounts falling due after more than one year

7

3,482

-

Capital and reserves

Called up share capital

100

100

Retained earnings

18,331

25,827

18,431

25,927

21,913

25,927

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 15 October 2025 and were signed on its behalf by:

Mr M W Gardner - Director

1.	Statutory information

Smith & Gardner Of 19 Milner Street 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.

Tangible fixed assets

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

Land and buildings- not depreciated

Plant and machinery- 20% on reducing balance

Stocks

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

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 11 (2024 - 11 ) .

4.	Tangible fixed assets

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Cost

At 1 April 2024

32,557

84,636

117,193

Additions

-

12,282

12,282

Disposals

-

(18,544

)

(18,544

)

At 31 March 2025

32,557

78,374

110,931

Depreciation

At 1 April 2024

32,556

74,899

107,455

Charge for year

-

2,868

2,868

Eliminated on disposal

-

(10,862

)

(10,862

)

At 31 March 2025

32,556

66,905

99,461

Net book value

At 31 March 2025

1

11,469

11,470

At 31 March 2024

1

9,737

9,738

5.

Debtors: amounts falling due within one year

31.3.25

31.3.24

£

£

Other debtors

17,901

7,994

6.

Creditors: amounts falling due within one year

31.3.25

31.3.24

£

£

Hire purchase contracts

1,741

-

Trade creditors

1,836

-

Taxation and social security

12,659

19,220

Other creditors

30,807

32,792

47,043

52,012

7.

Creditors: amounts falling due after more than one year

31.3.25

31.3.24

£

£

Hire purchase contracts

3,482

-

8.	Related party disclosures

During the year, the company incurred £5,000 (2024: £6,000) in respect of rental costs to a Director and shareholder, M P Gardner, a company owned by a Director and Share holder, M W Gardner and the estate of a former Director and shareholder, P Smith.

At the year end, the company owed the Director, M P Gardner, £21,455 (2024: £21,753). No interest has been charged on this balance.