REGISTERED NUMBER: 07646377 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Jonathan M Smith Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J M Smith

SECRETARY:

Mrs C A Smith

REGISTERED OFFICE:

Poppleston Allen

37 Stoney Street

The Lace Market

Nottingham

NG1 1LS

REGISTERED NUMBER:

07646377 (England and Wales)

ACCOUNTANTS:

Franklins

18 St Christopher's Way

Pride Park

Derby

Derbyshire

DE24 8JY

FIXED ASSETS

Intangible assets

4

45,954

24,328

Tangible assets

5

27,220

36,293

73,174

60,621

CURRENT ASSETS

Debtors

6

439,312

512,974

Cash at bank

7,700

10,700

447,012

523,674

CREDITORS

Amounts falling due within one year

7

56,717

46,781

NET CURRENT ASSETS

390,295

476,893

TOTAL ASSETS LESS CURRENT LIABILITIES

463,469

537,514

CREDITORS

Amounts falling due after more than one year

8

53,805

53,805

NET ASSETS

409,664

483,709

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

409,564

483,609

SHAREHOLDERS' FUNDS

409,664

483,709

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 director acknowledges his 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 director and authorised for issue on 11 December 2025 and were signed by:

J M Smith - Director

1.	STATUTORY INFORMATION

Jonathan M Smith 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 represents the company's share of the profits of the partnership.

Goodwill

Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives as follows:

Goodwill - ten years

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.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

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.

Pension costs and other post-retirement benefits

The company contributes to a defined contribution pension scheme. Contributions payable to the scheme are charged to the P&L in the period in which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

461,007

Additions

27,032

At 31 March 2025

488,039

AMORTISATION

At 1 April 2024

436,679

Amortisation for year

5,406

At 31 March 2025

442,085

NET BOOK VALUE

At 31 March 2025

45,954

At 31 March 2024

24,328

5.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

49,490

DEPRECIATION

At 1 April 2024

13,197

Charge for year

9,073

At 31 March 2025

22,270

NET BOOK VALUE

At 31 March 2025

27,220

At 31 March 2024

36,293

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

269,829

338,518

Due from partnership

799

-

Directors' current accounts

168,684

174,456

439,312

512,974

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

53,111

45,611

Social security and other taxes

2,436

-

Accruals and deferred income

1,170

1,170

56,717

46,781

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans more 5 yr by instal

53,805

53,805

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

53,805

53,805

9.	DIRECTOR'S 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 M Smith

Balance outstanding at start of year

174,456

239,562

Amounts advanced

187,560

262,325

Amounts repaid

(193,332

)

(327,431

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

168,684

174,456

The director's loan account was repaid within nine months of the year end. Interest was charged on the overdrawn director's loan account at HM Revenue & Customs official rate of interest during the year being 2.25% per annum.