Company Registration No. 6806780 (England and Wales)
Smithco Limited
Unaudited accounts
for the year ended 31 March 2021
Smithco Limited
Unaudited accounts
Contents
Smithco Limited
Company Information
for the year ended 31 March 2021
Company Number
6806780 (England and Wales)
Registered Office
9 LEECROFT
BOGNOR REGIS
WEST SUSSEX
PO21 3SY
Accountants
MBM Associates
1 Pound Road
Walberton
Arundel
West Sussex
BN18 0PU
Smithco Limited
Statement of financial position
as at 31 March 2021
Tangible assets
11,896
3,462
Cash at bank and in hand
15,453
13,714
Creditors: amounts falling due within one year
(15,888)
(24,999)
Net current assets/(liabilities)
5,362
(6,185)
Total assets less current liabilities
17,258
(2,723)
Creditors: amounts falling due after more than one year
(26,047)
-
Net liabilities
(8,789)
(2,723)
Called up share capital
2
2
Profit and loss account
(8,791)
(2,725)
Shareholders' funds
(8,789)
(2,723)
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 November 2021 and were signed on its behalf by
Gareth Smith
Director
Company Registration No. 6806780
Smithco Limited
Notes to the Accounts
for the year ended 31 March 2021
Smithco Limited is a private company, limited by shares, registered in England and Wales, registration number 6806780. The registered office is 9 LEECROFT, BOGNOR REGIS, WEST SUSSEX, PO21 3SY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance basis
Computer equipment
25% reducing balance basis
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2020
23,220
-
3,325
26,545
Additions
-
12,400
-
12,400
At 31 March 2021
23,220
12,400
3,325
38,945
At 1 April 2020
19,898
-
3,185
23,083
Charge for the year
831
3,100
35
3,966
At 31 March 2021
20,729
3,100
3,220
27,049
At 31 March 2021
2,491
9,300
105
11,896
At 31 March 2020
3,322
-
140
3,462
Smithco Limited
Notes to the Accounts
for the year ended 31 March 2021
5
Debtors: amounts falling due within one year
2021
2020
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
2,133
-
Trade creditors
12,985
17,870
Taxes and social security
-
6,359
7
Creditors: amounts falling due after more than one year
2021
2020
Loans from directors
21,780
-
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 1 (2020: 1).
