Eden Smith Capital Limited - Accounts to registrar (filleted) - small 23.2.5

Eden Smith Capital Limited - Accounts to registrar (filleted) - small 23.2.5

EDEN SMITH CAPITAL LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v24.1.0.578 10232578 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh102325782022-12-31102325782023-12-31102325782023-01-012023-12-31102325782021-12-31102325782022-01-012022-12-31102325782022-12-3110232578ns15:EnglandWales2023-01-012023-12-3110232578ns14:PoundSterling2023-01-012023-12-3110232578ns10:Director12023-01-012023-12-3110232578ns10:Director22023-01-012023-12-3110232578ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3110232578ns10:SmallEntities2023-01-012023-12-3110232578ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3110232578ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3110232578ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3110232578ns10:FullAccounts2023-01-012023-12-3110232578ns10:Director32023-01-012023-12-3110232578ns10:RegisteredOffice2023-01-012023-12-3110232578ns5:CurrentFinancialInstruments2023-12-3110232578ns5:CurrentFinancialInstruments2022-12-3110232578ns5:ShareCapital2023-12-3110232578ns5:ShareCapital2022-12-3110232578ns5:RetainedEarningsAccumulatedLosses2023-12-3110232578ns5:RetainedEarningsAccumulatedLosses2022-12-3110232578ns5:FurnitureFittings2023-01-012023-12-3110232578ns5:FurnitureFittings2022-12-3110232578ns5:FurnitureFittings2023-12-3110232578ns5:FurnitureFittings2022-12-3110232578ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3110232578ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 10232578 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

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






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eden Smith Capital Limited

Company Information
for the Year Ended 31 December 2023







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





REGISTERED OFFICE: 26 Dorset Gardens
Rochford
Essex
SS4 3AH





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
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 297 349

CURRENT ASSETS
Debtors 5 769,652 872,700
Cash at bank 84,538 119,956
854,190 992,656
CREDITORS
Amounts falling due within one year 6 827,887 970,235
NET CURRENT ASSETS 26,303 22,421
TOTAL ASSETS LESS CURRENT
LIABILITIES
26,600
22,770

PROVISIONS FOR LIABILITIES 56 66
NET ASSETS 26,544 22,704

CAPITAL AND RESERVES
Called up share capital 7 800 800
Retained earnings 25,744 21,904
26,544 22,704

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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
31 December 2023


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 17 May 2024 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 31 December 2023

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, which excludes value added tax, comprises the value of services undertaken by the company under its principal activity, which is the provision of recruitment consultancy services. This broadly consists of:

-turnover from contractor placements, representing fees billed for the services of contractors including their costs, which is recognised when the service has been provided.

-turnover from permanent placements, representing fees billed as a percentage of the candidate's remuneration package, which is recognised on the start date of the candidate.

Turnover not invoiced at the balance sheet date is included within accrued income.

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.

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.

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

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 1,000
DEPRECIATION
At 1 January 2023 651
Charge for year 52
At 31 December 2023 703
NET BOOK VALUE
At 31 December 2023 297
At 31 December 2022 349

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 699,346 739,397
Amounts recoverable on contract 29,527 55,365
Other debtors 40,779 77,938
769,652 872,700

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 208,992 250,195
Tax 911 413
Social security and other taxes 71 75
Other creditors 404,170 592,644
Directors' current accounts 262 262
Deferred income 212,326 117,802
Accrued expenses 1,155 8,844
827,887 970,235

Page 5 continued...
Eden Smith Capital Limited (Registered number: 10232578)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CALLED UP SHARE CAPITAL

Allocated, issued and fully paid:

Number:
Class:		 Nominal
value:
31.12.23
31.12.22
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

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 £404,170 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 £1,687,501 (2022: £2,066,412) to Eden Smith Capital Limited.

9. ULTIMATE CONTROLLING PARTY

During the year ended 31 December 2023, 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