J W Smith & Co Ltd

Registered Number: 04584772 J W Smith & Co Ltd
Balance Sheet
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	3	587,350	596,401
Tangible fixed assets	4	451,159	483,387
		1,038,509	1,079,788
Current assets
Stocks		73,000	73,000
Debtors		356,676	320,045
Cash at bank and in hand		16,123	27,791
		445,799	420,836
Creditors: amount falling due within one year		(379,120)	(369,601)
Net current assets		66,679	51,235

Total assets less current liabilities		1,105,188	1,131,023
Creditors: amount falling due after more than one year		(201,406)	(340,222)
Provisions for liabilities		(17,761)	(1,200)
Net assets		886,021	789,601

Capital and reserves
Called up share capital	5	1,865	1,865
Capital Redemption Reserve		10	10
Profit and loss account		884,146	787,726
Shareholders' funds		886,021	789,601

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 16 December 2025 and were signed on its behalf by:

-------------------------------
Jon Morley
Director

J W Smith & Co Ltd
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

J W Smith & Co Ltd is a private company, limited by shares, registered in England and Wales, registration number 04584772, registration address 17a Yorkersgate , Malton, North Yorkshire, YO17 7AA.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Dividends

Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Goodwill
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings	0% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures and Fittings	12.5% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

Preference shares

The company's preference shares are treated as a financial liability since they are subject to mandatory redemption for a fixed or determinable amount at a fixed or determinable time and are thus included in creditors in the balance sheet rather than as part of the company's issued share capital.

2.	Average number of employees Average number of employees during the year was 18 (2024 : 19).

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 April 2024	1,796,222	1,796,222
Additions	-	-
Disposals	-	-
At 31 March 2025	1,796,222	1,796,222
Amortisation
At 01 April 2024	1,199,821	1,199,821
Charge for year	9,051	9,051
On disposals	-	-
At 31 March 2025	1,208,872	1,208,872
Net book values
At 31 March 2025	587,350	587,350
At 31 March 2024	596,401	596,401

Tangible fixed assets

Cost or valuation	Land and Buildings	Motor Vehicles	Fixtures and Fittings	Total
	£	£	£	£
At 01 April 2024	420,607	11,835	227,712	660,154
Additions	-	-	-	-
Disposals	-	-	-	-
At 31 March 2025	420,607	11,835	227,712	660,154
Depreciation
At 01 April 2024	8,265	-	168,502	176,767
Charge for year	-	2,367	29,861	32,228
On disposals	-	-	-	-
At 31 March 2025	8,265	2,367	198,363	208,995
Net book values
Closing balance as at 31 March 2025	412,342	9,468	29,349	451,159
Opening balance as at 01 April 2024	412,342	11,835	59,210	483,387

Share Capital

Allotted, called up and fully paid	2025 £	2024 £
920 Class A shares of £1.00 each	920	920
50 Class B shares of £1.00 each	50	50
875 Class C shares of £1.00 each	875	875
10 Class D shares of £1.00 each	10	10
10 Class E shares of £1.00 each	10	10
	1,865	1,865

Registered Number: 04584772
England and Wales
Abridged Accounts

for the year ended 31 March 2025
for
J W SMITH & CO LTD