Eden Smith Capital Limited - Accounts to registrar (filleted) - small 18.2

Eden Smith Capital Limited - Accounts to registrar (filleted) - small 18.2

EDEN SMITH CAPITAL LIMITED - Company Information

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REGISTERED NUMBER: 10232578 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2021

for

Eden Smith Capital Limited
Eden Smith Capital Limited (Registered number: 10232578)






Contents of the Financial Statements
for the Year Ended 30 June 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eden Smith Capital Limited

Company Information
for the Year Ended 30 June 2021







DIRECTORS: Mrs C H Black
J S Clark
M F Smith





REGISTERED OFFICE: The Old Barn
Off Wood Street
Swanley Village
Kent
BR8 7PA





REGISTERED NUMBER: 10232578 (England and Wales)





ACCOUNTANTS: HCL Accountancy Limited
26 Dorset Gardens
Rochford
Essex
SS4 3AH
Page 1
Eden Smith Capital Limited (Registered number: 10232578)

Balance Sheet
30 June 2021

30.6.21 30.6.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 444 522

CURRENT ASSETS
Debtors 5 1,250,129 504,642
Cash at bank 299,306 425,499
1,549,435 930,141
CREDITORS
Amounts falling due within one year 6 1,527,813 905,137
NET CURRENT ASSETS 21,622 25,004
TOTAL ASSETS LESS CURRENT
LIABILITIES
22,066
25,526

PROVISIONS FOR LIABILITIES 84 10
NET ASSETS 21,982 25,516

CAPITAL AND RESERVES
Called up share capital 7 800 800
Retained earnings 21,182 24,716
21,982 25,516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
Eden Smith Capital Limited (Registered number: 10232578)

Balance Sheet - continued
30 June 2021


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 Board of Directors and authorised for issue on 8 March 2022 and were signed on its behalf by:




J S Clark - Director



M F Smith - Director


The notes form part of these financial statements

Page 3
Eden Smith Capital Limited (Registered number: 10232578)

Notes to the Financial Statements
for the Year Ended 30 June 2021

1. STATUTORY INFORMATION

Eden Smith Capital 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 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.
Fixtures and fittings - 15% on reducing balance

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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

Page 4 continued...
Eden Smith Capital Limited (Registered number: 10232578)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2021

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2020
and 30 June 2021 1,000
DEPRECIATION
At 1 July 2020 478
Charge for year 78
At 30 June 2021 556
NET BOOK VALUE
At 30 June 2021 444
At 30 June 2020 522

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.21 30.6.20
£    £   
Trade debtors 1,018,625 416,826
Amounts recoverable on contract 157,808 5,025
Other debtors 73,696 82,791
1,250,129 504,642

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.21 30.6.20
£    £   
Trade creditors 467,678 202,493
Other creditors 969,570 696,249
Directors' current accounts 262 797
Deferred income 88,732 -
Accrued expenses 1,571 5,598
1,527,813 905,137

7. CALLED UP SHARE CAPITAL

Allocated, issued and fully paid:

Number:
Class:		 Nominal
value:
30.6.21
30.6.20
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
100 Ordinary C £1 100 100
100 Ordinary D £1 100 100
100 Ordinary E £1 100 100
100 Ordinary F £1 100 100
100 Ordinary G £1 100 100
100 Ordinary H £1 100 100
800 800

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Eden Smith Capital Limited (Registered number: 10232578)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2021

8. RELATED PARTY DISCLOSURES

The amount outstanding at the balance sheet date from Augusta Capital Limited is £26,675 which is included within other debtors amounts falling due within one year, a company in which the shareholders are directors.

The amount outstanding at the balance sheet date from Augusta Funding Limited is £100 which is included within other debtors amounts falling due within one year, a company in which the shareholders are directors.

The amount outstanding at the balance sheet date to Eden Smith Consulting Limited is £969,570 which is included within other creditors amounts falling due within one year. The following directors' of Eden Smith Capital Limited J S Clark and M F Smith are also director's of Eden Smith Consulting Limited

During the period under review, Eden Smith Consulting Limited made sales of £1,162,810 to Eden Smith Capital Limited.

During the period under review, Eden Smith Capital Limited made sales of £1,178 to Eden Smith Consulting Limited.

9. POST BALANCE SHEET EVENTS

Since the year end a pandemic outbreak of Covid-19 has continued to have a significant impact on both people and industry across the world. The directors are carefully monitoring the situation and following the applicable guidance issued by the UK Governments. Due to the nature of the outbreak and the ongoing affect it is having around the world it is currently very difficult to predict the overall impact this situation will have on the Company going forward. The directors have exercised judgement in evaluating the impact of Covid-19 on these financial statements.

10. ULTIMATE CONTROLLING PARTY

During the year ended 30 June 2021, Mrs C H Black, a director, together with members of her close family, controlled the company by virtue of a controlling interest (directly or indirectly) of 100% of the issued ordinary share capital.

Page 6