Smit Associates Limited in St Austell, PL25 5EN

Description

Data updated on: 01-11-2023

Smit Associates began its operations in 2007 as a Private Limited Company under the ID 06041606. This business has been active for 17 years and it's currently active. The firm's head office is situated in St Austell at Heligan. You can also locate the company by the postal code, PL25 5EN. Registered as The Fair Trader, the company used the business name up till 2014-08-01, when it was replaced by Smit Associates Limited. The enterprise's classified under the NACE and SIC code 41100: Development of building projects. Its latest annual accounts describe the period up to 2022/02/28 and the most current annual confirmation statement was released on 2023/01/04.

Regarding to this company, a number of director's duties up till now have been done by David H., Laura S., Alexander S. and Timothy S.. Amongst these four people, Timothy S. has managed company for the longest period of time, having become a vital part of directors' team on 2007-01-04.

Timothy S. is the individual who has control over this firm, owns over 3/4 of company shares and has 3/4 to full of voting rights.

Previous company's names
Smit Associates Limited 2014-08-01
The Fair Trader Limited 2007-01-04

Financial data based on annual reports

Profit & Loss
Date of Accounts	2019-02-28	2020-02-29	2021-02-28	2022-02-28
Currency

Balance Sheet
Cash Bank On Hand			176 190	1 817 980
Current Assets			841 260	2 511 497
Debtors			471 063	514 168
Net Assets Liabilities	-16 287	912	912	912
Other Debtors			352 354	419 375
Total Inventories			194 007	179 349

Capital & Reserves
Called Up Share Capital
Profit Loss Account Reserve

Other Financial Data
Accumulated Amortisation Impairment Intangible Assets			8 378	9 003
Accumulated Depreciation Impairment Property Plant Equipment			821 294	925 623
Additions Other Than Through Business Combinations Property Plant Equipment				383 411
Administrative Expenses			2 002 443	2 605 991
Amortisation Expense Intangible Assets			5 385	5 385
Amounts Owed To Related Parties			16 288	16 288
Average Number Employees During Period	1	1	4	74
Balances With Banks			173 469	1 804 959
Bank Borrowings			1 308 753	1 322 351
Bank Borrowings Overdrafts			-173 430
Bank Overdrafts			173 430
Cash Cash Equivalents			176 190	1 817 980
Cash Cash Equivalents Cash Flow Value		-793 424	2 760
Cash On Hand			2 721	13 021
Comprehensive Income Expense			311 545	1 585 413
Cost Sales			2 550 163	4 320 080
Creditors	16 287	16 288	2 122 236	2 052 682
Current Tax For Period			10 757	262 229
Deferred Tax Expense Credit Relating To Changes In Tax Rates Or Laws				13 325
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences			35 899	103 958
Depreciation Amortisation Expense			237 712	276 946
Depreciation Expense Property Plant Equipment			232 327	271 561
Disposals Decrease In Depreciation Impairment Property Plant Equipment				-287
Disposals Property Plant Equipment				-1 915
Finance Lease Liabilities Present Value Total			8 800	26 898
Finance Lease Payments Owing Minimum Gross			20 382	99 251
Finished Goods Goods For Resale			182 285	164 439
Fixed Assets			4 238 704	4 316 269
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities			695 912	-29 887
Future Minimum Lease Payments Under Non-cancellable Operating Leases			480 670	480 670
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables			-46 502	152 139
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables			199 993	52 097
Gain Loss In Cash Flows From Change In Inventories			-48 898	-14 658
Gain Loss On Disposals Property Plant Equipment			600	190 629
Government Grant Income			1 134 073	392 391
Gross Profit Loss			1 083 725	3 937 086
Income Taxes Paid Refund Classified As Operating Activities			-73 041	1
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation			796 184	1 815 220
Increase Decrease In Current Tax From Adjustment For Prior Periods			-23 524
Increase Decrease In Existing Provisions				117 283
Increase From Amortisation Charge For Year Intangible Assets				625
Increase From Depreciation Charge For Year Property Plant Equipment				104 616
Intangible Assets			4 826	4 201
Intangible Assets Gross Cost			13 204	13 204
Interest Expense On Financial Liabilities Fair Value Through Profit Or Loss			50 803	113 592
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts			1 224	3 734
Interest Income On Bank Deposits			26	9
Interest Paid Classified As Financing Activities			-52 027	-117 326
Interest Paid Classified As Operating Activities			52 027	117 326
Interest Payable Similar Charges Finance Costs			52 027	117 326
Interest Received Classified As Investing Activities			361	9
Interest Received Classified As Operating Activities			361	9
Investments Fixed Assets		17 200	17 200	17 200
Investments In Subsidiaries		17 200	17 200	17 200
Minimum Operating Lease Payments Recognised As Expense			324 316	601 133
Net Cash Flows From Used In Financing Activities			1 410 368	-409 459
Net Cash Flows From Used In Investing Activities			-1 113 083	-58 579
Net Cash Flows From Used In Operating Activities			498 899	2 283 258
Net Cash Generated From Operations			425 858	2 283 259
Net Cash Inflow Outflow From Operations Before Movements In Working Capital			623 455	2 168 559
Net Current Assets Liabilities			-323 003	1 232 574
Number Shares Issued Fully Paid	1	17 200	17 200	17 200
Operating Profit Loss			386 343	2 082 242
Other Comprehensive Income Expense Net Tax			-15 556	-8 986
Other Creditors	16 287	16 288	16 288	32 126
Other Employee Expense			7 984	64 928
Other Finance Income			335
Other Interest Receivable Similar Income Finance Income			361	9
Other Inventories			11 722	14 910
Other Operating Income Format1			1 305 061	751 147
Other Payables Accrued Expenses			166 288	268 518
Other Remaining Borrowings			801 901	657 978
Other Remaining Operating Income			89 317	252 487
Other Revenue			158 444	536 726
Ownership Interest In Subsidiary Percent		100	100
Par Value Share	1	1	1	1
Payments Finance Lease Liabilities Classified As Financing Activities			-8 937	-26 426
Pension Costs Defined Contribution Plan			123 187	66 403
Prepayments			64 689	75 781
Proceeds From Sales Property Plant Equipment			1 329 960	480 699
Profit Loss			311 545	1 585 413
Profit Loss Attributable To Owners Parent			311 545	1 585 413
Profit Loss On Ordinary Activities Before Tax			334 677	1 964 925
Property Plant Equipment Gross Cost			1 419 787	1 801 283
Provisions			116 127	233 410
Provisions For Liabilities Balance Sheet Subtotal			116 127	233 410
Purchase Intangible Assets			-8 037
Purchase Property Plant Equipment			-2 435 367	-539 287
Rental Income From Sub-leases			81 671	106 269
Repayments Borrowings Classified As Financing Activities				-235 820
Revenue From Sale Goods			3 475 444	7 720 440
Social Security Costs			140 238	163 599
Staff Costs Employee Benefits Expense			2 366 271	3 082 652
Taxation Social Security Payable			40 706	54 678
Tax Tax Credit On Profit Or Loss On Ordinary Activities			23 132	379 512
Total Assets Less Current Liabilities			3 915 701	5 548 843
Total Borrowings			2 122 236	2 052 682
Total Deferred Tax Expense Credit			35 899	117 283
Trade Creditors Trade Payables			61 525	257 250
Trade Debtors Trade Receivables			54 020	19 012
Turnover Revenue			3 633 888	8 257 166
Unpaid Contributions To Pension Schemes			204	50
Wages Salaries			2 094 862	2 787 722
Amount Specific Advance Or Credit Directors		833	3 000	21 500
Amount Specific Advance Or Credit Made In Period Directors			16 498	25 861
Amount Specific Advance Or Credit Repaid In Period Directors			-14 331	-7 361
Company Contributions To Money Purchase Plans Directors			60 378	5 064
Director Remuneration			357 194	367 872

Company staff

David H.

Role: Director

Appointed: 25 August 2023

Latest update: 7 March 2024

Laura S.

Role: Director

Appointed: 08 July 2021

Latest update: 7 March 2024

Alexander S.

Role: Director

Appointed: 04 February 2021

Latest update: 7 March 2024

Timothy S.

Role: Director

Appointed: 04 January 2007

Latest update: 7 March 2024

Keith M.

Role: Director

Appointed: 10 November 2020

Resigned: 28 September 2021

Latest update: 7 March 2024

Ramon V.

Role: Director

Appointed: 10 November 2020

Resigned: 03 October 2023

Latest update: 7 March 2024

Paul G.

Role: Secretary

Appointed: 04 January 2007

Resigned: 04 January 2007

Latest update: 7 March 2024

Jeremy S.

Role: Secretary

Appointed: 04 January 2007

Resigned: 04 February 2021

Latest update: 7 March 2024

People with significant control

Timothy S.

Notified on 6 April 2016

Nature of control:

over 3/4 of shares

3/4 to full of voting rights

right to manage directors

Accounts Documents

Account next due date	30 November 2023
Account last made up date	28 February 2022
Confirmation statement next due date	18 January 2024
Confirmation statement last made up date	04 January 2023

Annual Accounts 1 August 2014
Start Date For Period Covered By Report	2013-02-01
End Date For Period Covered By Report	2014-01-31
Date Approval Accounts	1 August 2014
Annual Accounts 12 August 2015
Start Date For Period Covered By Report	2014-02-01
End Date For Period Covered By Report	2015-01-31
Date Approval Accounts	12 August 2015
Annual Accounts 25 August 2016
Start Date For Period Covered By Report	2015-02-01
End Date For Period Covered By Report	2016-01-31
Date Approval Accounts	25 August 2016
Annual Accounts
Start Date For Period Covered By Report	2017-02-01
End Date For Period Covered By Report	2018-01-31
Annual Accounts
Start Date For Period Covered By Report	2018-02-01
End Date For Period Covered By Report	2019-02-28
Annual Accounts
Start Date For Period Covered By Report	2019-03-01
End Date For Period Covered By Report	2020-02-29
Annual Accounts
Start Date For Period Covered By Report	2020-03-01
End Date For Period Covered By Report	2021-02-28
Annual Accounts
Start Date For Period Covered By Report	2021-03-01
End Date For Period Covered By Report	2022-02-28

Smit Associates Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

David H.

Laura S.

Alexander S.

Timothy S.

Keith M.

Ramon V.

Paul G.

Jeremy S.

People with significant control

Timothy S.

Accounts Documents

Company filings

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