REGISTERED NUMBER: 15317192 (England and Wales)

Unaudited Financial Statements

for the Period 1 December 2024 to 31 May 2026

for

Smith Refurbs Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

J M Smith

REGISTERED OFFICE:

29 Birchwood Fields

Tuffley

Gloucester

GL4 0AP

REGISTERED NUMBER:

15317192 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

CURRENT ASSETS

Stocks

-

139,484

Debtors

5

-

31

Cash at bank

118

35

118

139,550

CREDITORS

Amounts falling due within one year

6

37,608

155,530

NET CURRENT LIABILITIES

(37,490

)

(15,980

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(37,490

)

(15,980

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(37,491

)

(15,981

)

SHAREHOLDERS' FUNDS

(37,490

)

(15,980

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2026 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 14 August 2026 and were signed by:

J M Smith - Director

1.	STATUTORY INFORMATION

Smith Refurbs Ltd 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.

As explained in the Report of the Director, the director does not consider Smith Refurbs Ltd to be a going concern as the company has ceased to trade, and therefore prepared the financial statements on a break up basis. There has been no financial impairment of Smith Refurbs Ltd's assets as a result of the break up basis of valuation.

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period 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 statement of financial position date.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

Cost

Additions

1,299

Disposals

(1,299

)

At 31 May 2026

-

Net book value

At 31 May 2026

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/26

30/11/24

£

£

Other debtors

-

31

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/26

30/11/24

£

£

Bank loans and overdrafts

-

69,063

Other creditors

37,608

86,467

37,608

155,530

7.	RELATED PARTY DISCLOSURES

At 31 May 2026, the company owed the director J M Smith £36,519 ( 2024 - £36,408). The balance owed, included within other creditors, is made of business expenses not yet reimbursed and monies invested by the director. The loan balance is repayable to the director on demand.