ACCOUNTS - Final Accounts preparation

Commitments under operating leases

At 30 September 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Company registration number: 08552079

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 SEPTEMBER 2025

	SMITH & LOVELESS LIMITED


SMITH & LOVELESS LIMITED

COMPANY INFORMATION

Directors	L M Wickham
	F J Rebori


Company secretary	L M Wickham


Registered number	08552079


Registered office	Unit 13
	Block B
	Westpark 26
	Wellington
	Somerset
	TA21 9AD


Accountants	Menzies LLP
	Chartered Accountants
	Victoria House
	50-58 Victoria Road
	Farnborough
	Hampshire
	GU14 7PG


SMITH & LOVELESS LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 4


SMITH & LOVELESS LIMITED REGISTERED NUMBER:08552079

STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2025

		2025		2024
Note		£		£


Current assets
Stocks		149,690		100,265
Debtors: amounts falling due within one year	4	41,207		113,136
Cash at bank and in hand		143,278		244,474
		334,175		457,875
Creditors: amounts falling due within one year	5	(179,888)		(307,623)
Net current assets			154,287		150,252
Total assets less current liabilities			154,287		150,252

Net assets			154,287		150,252

Capital and reserves
Allotted, called up and fully paid share capital	10,000	10,000
Capital redemption reserve	40,531	40,531
Profit and loss account	103,756	99,721
	154,287	150,252

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

L M Wickham

Director

Date: 16 June 2026

The notes on pages 3 to 4 form part of these financial statements.

Page 1


SMITH & LOVELESS LIMITED REGISTERED NUMBER:08552079

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 SEPTEMBER 2025

Page 2


SMITH & LOVELESS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1.	General information

Smith & Loveless Limited is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales. The address of the registered office is disclosed on the company information page. There is not considered to be a principal place of business.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 3).

Page 3


SMITH & LOVELESS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Debtors

					2025	2024
					£	£


Trade debtors	27,500	100,352
Prepayments and accrued income	13,707	12,784
	41,207	113,136

5.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	76,947	202,816
Other taxation and social security	2,555	3,912
Other creditors	94,751	95,025
Accruals and deferred income	5,635	5,870
	179,888	307,623

Not later than 1 year	13,308	13,308
Later than 1 year and not later than 5 years	34,897	48,205
	48,205	61,513

Page 4