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# SMITH & YOUNG SALES LIMITED

## Company Registration Number:
02965587 (England and Wales)

## Unaudited statutory accounts for the year ended 31 March 2025

## Period of accounts

## Start date: 01 April 2024

## End date: 31 March 2025

# SMITH & YOUNG SALES LIMITED

## Contents of the Financial Statements

for the Period Ended 31 March 2025

Company Information - 3 |
Balance sheet - 4 |
Additional notes - 6 |
Balance sheet notes - 10 |

# SMITH & YOUNG SALES LIMITED

## Company Information

for the Period Ended 31 March 2025

Director: |  | Mr Paul William Young
Secretary: |  | Mr Paul William Young
Registered office: |  | The White House Toys Hill Westerham Kent TN16 1QG
Company Registration Number: |  | 02965587 (England and Wales)

# SMITH & YOUNG SALES LIMITED

## Balance sheet

As at 31 March 2025

| Notes | 2025 £ | 2024 £
--- | --- | --- | ---
Fixed assets
Tangible assets: | 5 | 440 | 680
Total fixed assets: |  | 440 | 680
Current assets
Stocks: |  | 18,641 | 21,818
Debtors: | 6 | 363 | 23
Cash at bank and in hand: |  | 6,911 | 22,565
Total current assets: |  | 25,915 | 44,406
Creditors: amounts falling due within one year: | 7 |  | ( 7,256 )
Net current assets (liabilities): |  | 25,915 | 37,150
Total assets less current liabilities: |  | 26,355 | 37,830
Creditors: amounts falling due after more than one year: | 8 | ( 27,259 ) | ( 38,011 )
Accruals and deferred income: |  | ( 284 ) | ( 517 )
Total net assets (liabilities): |  | ( 1,188 ) | ( 698 )

The notes form part of these financial statements

# SMITH & YOUNG SALES LIMITED

## Balance sheet continued

As at 31 March 2025

| Notes | 2025 £ | 2024 £
--- | --- | --- | ---
Capital and reserves
Called up share capital: |  | 3,000 | 3,000
Profit and loss account: |  | ( 4,188 ) | ( 3,698 )
Shareholders funds: |  | ( 1,188 ) | ( 698 )

For the year ending 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 2 December 2025
And Signed On Behalf Of The Board By:

Name: Mr Paul William Young
Status: Director

The notes form part of these financial statements

# SMITH & YOUNG SALES LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  The turnover represents amounts receivable for goods and services net of VAT.

  Tangible fixed assets depreciation policy

  Annual depreciation of computer equipment is calculated at 25% of its cost, until it is fully depreciated.

# SMITH & YOUNG SALES LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 1 | 1

# SMITH & YOUNG SALES LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

- ## 3. Off balance sheet disclosure

  No

# SMITH & YOUNG SALES LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 4. Dividends

| 2025 £ | 2024 £
--- | --- | ---
Dividends paid | 480 | 990

# SMITH & YOUNG SALES LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 5. Tangible assets

| Fixtures & fittings | Office equipment | Total
--- | --- | --- | ---
Cost | £ | £ | £
At 01 April 2024 | 50 | 3,801 | 3,851
Additions | - | 120 | 120
Disposals | - | ( 171 ) | ( 171 )
Revaluations | - | - | -
Transfers | - | - | -
At 31 March 2025 | 50 | 3,750 | 3,800
Depreciation |  |  |
At 01 April 2024 | 20 | 3,151 | 3,171
Charge for year | 10 | 179 | 189
On disposals | - | ( 0 ) | ( 0 )
Other adjustments | - | - | -
At 31 March 2025 | 30 | 3,330 | 3,360
Net book value |  |  |
At 31 March 2025 | 20 | 420 | 440
At 31 March 2024 | 30 | 650 | 680

# SMITH & YOUNG SALES LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 6. Debtors

| 2025 £ | 2024 £
--- | --- | ---
Prepayments and accrued income | 280 | 23
Other debtors | 83 |
Total | 363 | 23

Debtors are delayed credit card and Paypal payments, where funds were not received until after year end. For 2024/2025 there is also VAT overpaid.

# SMITH & YOUNG SALES LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 7.Creditors: amounts falling due within one year note

| 2025 £ | 2024 £
--- | --- | ---
Taxation and social security |  | 7,256
Total |  | 7,256

Credit is VAT that was not paid until after year end.

# SMITH & YOUNG SALES LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 8.Creditors: amounts falling due after more than one year

| 2025 £ | 2024 £
--- | --- | ---
Bank loans and overdrafts | 0 | 0
Amounts due under finance leases and hire purchase contracts | 0 | 0
Other creditors | 27,259 | 38,011
Total | 27,259 | 38,011

The credit is owed to the Director only, and results from the Director's loan account.