REGISTERED NUMBER: 06538652

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SMUTS & TAYLOR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M Smuts

REGISTERED OFFICE:

Ground Floor Marlborough House

298 Regents Park Road

London

N3 2SZ

REGISTERED NUMBER:

06538652

ACCOUNTANTS:

Fusion Accountancy Limited

Marlborough House

298 Regents Park Road

London

N3 2SZ

FIXED ASSETS

Tangible assets

4

-

136

CURRENT ASSETS

Debtors

5

1,674

1,674

Cash at bank

44,056

11,178

45,730

12,852

CREDITORS

Amounts falling due within one year

6

115,793

120,414

NET CURRENT LIABILITIES

(70,063

)

(107,562

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(70,063

)

(107,426

)

CREDITORS

Amounts falling due after more than one year

7

1,000

7,000

NET LIABILITIES

(71,063

)

(114,426

)

CAPITAL AND RESERVES

Called up share capital

8

12

12

Retained earnings

9

(71,075

)

(114,438

)

SHAREHOLDERS' FUNDS

(71,063

)

(114,426

)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 December 2025 and were signed by:

Mr M Smuts - Director

1.	STATUTORY INFORMATION

Smuts & Taylor Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Computer Equipment - 33.33% on cost

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.

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.

Going concern disclosure

The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

and 31 March 2025

3,198

DEPRECIATION

At 1 April 2024

3,062

Charge for year

136

At 31 March 2025

3,198

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

136

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,674

1,674

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

6,031

6,176

Social security and other taxes

619

1,267

Pension creditor

272

272

Other creditors

51,192

54,077

Director's current account

56,120

57,063

Accruals and deferred income

1,559

1,559

115,793

120,414

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

1,000

7,000

The BBL Scheme was launched on 27 April 2020 and is 100% government backed. The interest rate is 2.5% per year and the term of the loan is 5 years, and early repayment is possible without additional charges.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

10

Ordinary shares

1

10

10

2

Ordinary A shares

1

2

2

12

12

9.

RESERVES

Retained

earnings

£

At 1 April 2024

(114,438

)

Profit for the year

43,363

At 31 March 2025

(71,075

)

10.	RELATED PARTY DISCLOSURES

At the balance sheet date, included within creditors due within one year, is an amount of £56,120 (2024 - £57,063) owed to the company director, M Smuts. This loan is interest free, of no fixed term and repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is M Smuts by virtue of his ownership of 50% of the issued share capital in the company.