REGISTERED NUMBER: 11955968 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Secchi Smith Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

4

31,875

34,556

Current assets

Debtors

5

251,300

196,915

Cash at bank

206,387

186,900

457,687

383,815

Creditors

Amounts falling due within one year

6

212,378

193,076

Net current assets

245,309

190,739

Total assets less current liabilities

277,184

225,295

Capital and reserves

Called up share capital

2

2

Retained earnings

277,182

225,293

Shareholders' funds

277,184

225,295

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 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 15 October 2025 and were signed on its behalf by:

J A Smith - Director

1.	Statutory information

Secchi Smith Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11955968

Registered office:

Pound House

62a Highgate High Street

London

N6 5HX

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.

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

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

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 13 (2024 - 12 ) .

4.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 April 2024

33,066

89,357

122,423

Additions

3,135

10,041

13,176

At 31 March 2025

36,201

99,398

135,599

Depreciation

At 1 April 2024

23,631

64,236

87,867

Charge for year

4,516

11,341

15,857

At 31 March 2025

28,147

75,577

103,724

Net book value

At 31 March 2025

8,054

23,821

31,875

At 31 March 2024

9,435

25,121

34,556

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

110,727

129,695

Other debtors

140,573

67,220

251,300

196,915

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

5,216

10,594

Taxation and social security

105,346

93,588

Other creditors

101,816

88,894

212,378

193,076

7.	Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

J A Smith

Balance outstanding at start of year

-

-

Amounts advanced

65,308

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

65,308

-

The above advances, to be repaid in full in the current year, include interest charged of £308.

8.	Ultimate controlling party

The ultimate controlling party is the directors together.