During the year advances totalling £78,746 (2023 - £107,762) were made by the company to the directors and the directors repaid of £59,040 (2023 - £108,857) were made by the directors. The amount was repayable on demand with interest charged at 2.25%.

The average number of persons, including directors, employed by the company during the year was as follows:

The 2023 prior period financial statements were prepared under FRS102. The 2024 financial statements have been prepared under FRS105, which has resulted in the restatement of the prior periods financial statements. The prior periods financial statements have been restated as follows:

FRS102 FRS105
(£) (£)

Net Assets 78,239 46,677

SmithParsons Partnership Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Cathedral House, 26-28 Church Bank, Bradford, West Yorkshire, BD1 4DZ.

For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime', and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true