R.W. Smith (Surrey) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04570183 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

R.W. SMITH (SURREY) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

8

DIRECTOR:

R W Smith

SECRETARY:

Mrs S A Smith

REGISTERED OFFICE:

Market House

21 Lenten Street

Alton

Hampshire

GU34 1HG

REGISTERED NUMBER:

04570183 (England and Wales)

ACCOUNTANTS:

Wettone Matthews Limited

Chartered Certified Accountants

Market House

21 Lenten Street

Alton

GU34 1HG

FIXED ASSETS

Tangible assets

3

10,663

14,217

CURRENT ASSETS

Debtors

4

105,389

20,123

Cash at bank

90,580

167,846

195,969

187,969

CREDITORS

Amounts falling due within one year

5

193,316

150,599

NET CURRENT ASSETS

2,653

37,370

TOTAL ASSETS LESS CURRENT LIABILITIES

13,316

51,587

CREDITORS

Amounts falling due after more than one year

6

-

(2,041

)

PROVISIONS FOR LIABILITIES

7

(1,397

)

(2,397

)

NET ASSETS

11,919

47,149

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

11,819

47,049

SHAREHOLDERS' FUNDS

11,919

47,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 14 December 2018 and were signed by:

R W Smith - Director

1.	STATUTORY INFORMATION

R.W. Smith (Surrey) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

3.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2017

and 31 March 2018

4,379

25,610

29,989

DEPRECIATION

At 1 April 2017

2,567

13,205

15,772

Charge for year

453

3,101

3,554

At 31 March 2018

3,020

16,306

19,326

NET BOOK VALUE

At 31 March 2018

1,359

9,304

10,663

At 31 March 2017

1,812

12,405

14,217

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2017

and 31 March 2018

12,680

DEPRECIATION

At 1 April 2017

6,538

Charge for year

1,535

At 31 March 2018

8,073

NET BOOK VALUE

At 31 March 2018

4,607

At 31 March 2017

6,142

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

55,389

20,123

Amounts recoverable on contract

50,000

-

105,389

20,123

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Hire purchase contracts

2,041

3,499

Trade creditors

121,785

93,932

Tax

3,500

24,898

Social security and other taxes

8,381

-

VAT

15,819

20,080

Directors' loan account

39,590

5,790

Accrued expenses

2,200

2,400

193,316

150,599

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

-

2,041

7.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

1,397

2,397

Deferred

tax

£

Balance at 1 April 2017

2,397

Movement in the year

(1,000

)

Balance at 31 March 2018

1,397

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary share

1

100

100

9.

RESERVES

Retained

earnings

£

At 1 April 2017

47,049

Profit for the year

12,770

Dividends

(48,000

)

At 31 March 2018

11,819

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of R.W. Smith (Surrey) Limited for the year ended 31 March 2018 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of R.W. Smith (Surrey) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of R.W. Smith (Surrey) Limited and state those matters that we have agreed to state to the director of R.W. Smith (Surrey) Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that R.W. Smith (Surrey) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of R.W. Smith (Surrey) Limited. You consider that R.W. Smith (Surrey) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of R.W. Smith (Surrey) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wettone Matthews Limited

Chartered Certified Accountants

Market House

21 Lenten Street

Alton

GU34 1HG

14 December 2018