Ian Smith Group Limited in West Midlands, B70 0DJ

Description

Data updated on: 01-11-2023

Ian Smith Group started conducting its business in the year 1979 as a Private Limited Company under the ID 01421681. This particular firm has operated for fourty five years and the present status is active. The firm's registered office is located in West Midlands at 205 Great Bridge St. You can also find the firm by the zip code : B70 0DJ. The firm has a history in registered name changes. Up till now the company had two different company names. Up to 2015 the company was prospering as Ian Smith Office Supplies and before that its official company name was Ian Smith (stationers). This enterprise's principal business activity number is 46660 and their NACE code stands for Wholesale of other office machinery and equipment. The business most recent filed accounts documents cover the period up to 2022-12-31 and the most recent confirmation statement was released on 2023-06-30.

Due to the following company's magnitude, it became vital to appoint additional executives, including: Jonathan H., Adam S., Adrian S. who have been supporting each other since 2015-01-01 to exercise independent judgement of this specific firm.

Previous company's names
Ian Smith Group Limited 2015-08-26
Ian Smith Office Supplies Limited 2010-08-19
Ian Smith (stationers) Limited 1979-05-21

Financial data based on annual reports

Profit & Loss
Date of Accounts	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	539 819	711 418	399 607	263 706	249 706
Current Assets	3 022 991	3 018 661	2 117 416	2 533 698	1 990 518
Debtors	2 069 031	1 976 332	1 445 343	1 811 085	1 338 771
Net Assets Liabilities	814 484	635 542	699 968	696 707	705 790
Other Debtors	270 091	238 185	235 722	307 430	303 475
Property Plant Equipment	929 650	891 276	859 431	813 304	638 417
Total Inventories	414 141	330 911	272 466	458 907	402 041

Other Financial Data
Audit Fees Expenses	11 100	11 100	13 600	27 905
Accrued Liabilities Deferred Income	24 839	26 412	17 147	43 174
Accumulated Amortisation Impairment Intangible Assets	108 000	144 000	180 000	180 000
Accumulated Depreciation Impairment Property Plant Equipment	897 143	976 392	1 048 726	1 126 882	1 164 161
Additions Other Than Through Business Combinations Property Plant Equipment		40 875	40 489	32 029	22 392
Administrative Expenses	3 309 693	3 527 930	3 038 134	2 671 117
Amortisation Expense Intangible Assets	36 000	36 000	36 000
Amortisation Impairment Expense Intangible Assets	36 000	36 000	36 000
Average Number Employees During Period	78	81	67	49	49
Balances Amounts Owed By Related Parties				216 595	191 000
Bank Borrowings		14 130	499 900	402 100
Bank Borrowings Overdrafts	213 328	7 585	402 167	310 606	219 697
Banking Arrangements Classified As Cash Cash Equivalents	-213 328
Bank Overdrafts	213 328
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment	43 633	39 233	34 833
Cash Cash Equivalents Cash Flow Value	326 491	711 418	399 607	263 706
Cash Receipts From Repayment Other Loans Advances Classified As Investing Activities				-1 978
Cash Receipts From Sales Interests In Associates			-739
Comprehensive Income Expense	608 979	117 212	117 426	-3 261
Corporation Tax Payable	65 420	49 736	45 770	7 809
Corporation Tax Recoverable					7 883
Cost Sales	7 306 060	7 799 907	5 905 521	5 601 726
Creditors	76 280	63 076	402 167	310 606	219 697
Current Tax For Period	66 284	49 736	43 338	7 809
Deferred Tax Expense Credit From Unrecognised Timing Difference From Prior Period		7 781	9
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	12 128	1 400	-4 412	-5 735
Depreciation Expense Property Plant Equipment	62 043	56 251	49 335	78 156
Depreciation Impairment Expense Property Plant Equipment	71 709	79 249	72 334	78 156
Distribution Costs	127 339	159 386	185 110	172 002
Dividends Paid	329 013	296 154	53 000
Dividends Paid Classified As Financing Activities	-329 013	-296 154	-53 000
Dividends Paid On Shares Final	329 013	296 154	53 000
Finance Lease Liabilities Present Value Total	96 972	76 280	55 588
Finance Lease Payments Owing Minimum Gross	108 614	83 301	58 114
Finished Goods Goods For Resale	414 141	330 911	272 466	458 907
Fixed Assets	1 001 654	927 280	859 435	813 308	908 421
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities	90 100	-14 130	-485 770	97 800
Further Item Interest Expense Component Total Interest Expense			26
Further Item Proceeds From Sales Other Long-term Assets Classified As Investing Activities Component Corresponding Total	3 335	-4 461
Further Item Tax Increase Decrease Component Adjusting Items	12 128	6 840	690	2 000
Future Finance Charges On Finance Leases	11 642	7 021	2 526
Future Minimum Lease Payments Under Non-cancellable Operating Leases	680 587	895 007	679 823	489 476	474 799
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	-284 555	-46 323	504 044	-82 434
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	-251 372	-88 238	-530 250	367 720
Gain Loss In Cash Flows From Change In Inventories	78 043	-83 230	-58 445	186 441
Gain Loss On Disposals Property Plant Equipment	13 786
Gain Loss On Revaluation Property Plant Equipment Before Tax In Other Comprehensive Income	419 574				50 000
Government Grant Income	13 350		318 461	129 412
Gross Profit Loss	3 785 122	3 879 037	3 073 601	2 711 544
Income Taxes Paid Refund Classified As Operating Activities	-108 760	-66 739	-47 286	-45 770
Income Tax Expense Credit On Components Other Comprehensive Income	79 719
Increase Decrease Due To Transfers Into Or Out Property Plant Equipment					-210 000
Increase Decrease From Fair Value Adjustment Investment Property Fair Value Model					60 000
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	-1 124 375	-384 927	311 811
Increase Decrease In Current Tax From Adjustment For Prior Periods		1 319	-18
Increase From Amortisation Charge For Year Intangible Assets		36 000	36 000
Increase From Depreciation Charge For Year Property Plant Equipment		79 249	72 334	78 156	37 279
Intangible Assets	72 000	36 000
Intangible Assets Gross Cost	180 000	180 000	180 000	180 000
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings	21 796	23 685	14 785	13 433
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	2 028	4 557	4 581	2 545
Interest Payable Similar Charges Finance Costs	23 824	28 242	19 392	15 978
Interest Received Classified As Investing Activities	-9 720	-6 188	-6 908	-2 805
Investment Property					270 000
Investment Property Fair Value Model					270 000
Investments Fixed Assets	4	4	4	4	4
Investments In Group Undertakings Participating Interests				4	4
Investments In Subsidiaries	4	4	4	4
Key Management Personnel Compensation Total	264 079	411 734	536 967	625 671	621 188
Net Assets Liabilities Subsidiaries		1	1	1
Net Cash Flows From Used In Financing Activities	-399 498	14 627	574 094
Net Cash Flows From Used In Investing Activities	55 986	30 226	32 842
Net Cash Flows From Used In Operating Activities	-780 863	-429 780	-295 125	443 333
Net Cash Generated From Operations	-913 447	-524 761	-361 803	381 585
Net Current Assets Liabilities	429	-115 943	351 007	296 577	133 082
Net Finance Income Costs	9 720	6 188	6 908	2 805
Net Interest Paid Received Classified As Operating Activities	-23 824	-28 242	-19 392	-15 978
Operating Profit Loss	361 640	191 721	168 818	11 986
Other Comprehensive Income Expense Before Tax	339 855
Other Creditors	4 988	59 036	6 002	15 634	572 351
Other Interest Income	9 720	6 188	6 908	2 805
Other Interest Receivable Similar Income Finance Income	9 720	6 188	6 908	2 805
Other Operating Income Format1	13 550		318 461	143 561
Other Remaining Borrowings	824 135	1 112 224	126 052	614 118
Other Taxation Social Security Payable	161 864	241 287	252 553	146 954	184 511
Payments Finance Lease Liabilities Classified As Financing Activities	-5 524	-20 692	-20 692	-55 588
Pension Other Post-employment Benefit Costs Other Pension Costs	75 838	83 528	74 328	66 707
Percentage Class Share Held In Subsidiary		100	100	100
Prepayments Accrued Income	98 195	181 679	80 802	85 710
Proceeds From Sales Long-term Assets Classified As Investing Activities			-739
Proceeds From Sales Property Plant Equipment	-17 500
Profit Loss	269 124	117 212	117 426	-3 261
Profit Loss On Ordinary Activities Before Tax	347 536	169 667	156 334	-1 187
Property Plant Equipment Gross Cost	1 826 793	1 867 668	1 908 157	1 940 186	1 802 578
Provisions For Liabilities Balance Sheet Subtotal	111 319	112 719		102 572	116 016
Purchase Property Plant Equipment	-79 871	-40 875	-40 489	-32 029
Redundancy Costs			30 683	2 821
Repayments Borrowings Classified As Financing Activities	824 135	288 089	-986 172	488 066
Revenue From Commissions	200
Social Security Costs	167 518	174 712	158 092	166 854
Staff Costs Employee Benefits Expense	2 111 515	2 228 819	1 942 254	1 763 754
Taxation Including Deferred Taxation Balance Sheet Subtotal	111 319	112 719	108 307	102 572
Tax Expense Credit Applicable Tax Rate	66 032	32 237	29 703	-226
Tax Increase Decrease From Effect Capital Allowances Depreciation	-11 718			-1 157
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	1 541	3 520	1 684	1 457
Tax Tax Credit On Profit Or Loss On Ordinary Activities	78 412	52 455	38 908	2 074
Total Assets Less Current Liabilities	1 002 083	811 337	1 210 442	1 109 885	1 041 503
Total Borrowings	1 037 463	1 126 354	625 952	1 016 218
Total Current Tax Expense Credit	66 284	51 055	43 320	7 809
Total Increase Decrease From Revaluations Property Plant Equipment					50 000
Total Operating Lease Payments	311 550	296 989	272 570	262 560
Trade Creditors Trade Payables	1 707 296	1 618 575	1 165 564	1 317 938	1 009 665
Trade Debtors Trade Receivables	1 700 745	1 556 468	1 128 819	1 503 655	1 027 413
Transfers To From Retained Earnings Increase Decrease In Equity	-1 063	-1 063	-1 063
Turnover Revenue	11 091 182	11 678 944	8 979 122	8 313 270
Wages Salaries	1 868 159	1 970 579	1 709 834	1 530 193
Company Contributions To Defined Benefit Plans Directors	44 651	44 591	44 351	44 646
Director Remuneration	219 428	367 143	370 631	581 025
Director Remuneration Benefits Including Payments To Third Parties	264 079	411 734	414 982	625 671

Ian S. is the individual who has control over this firm, owns over 1/2 to 3/4 of company shares .

Ian S.

Notified on 6 April 2016

Nature of control:

over 1/2 to 3/4 of shares

Accounts Documents

Account next due date	30 September 2024
Account last made up date	31 December 2022
Confirmation statement next due date	14 July 2024
Confirmation statement last made up date	30 June 2023

Annual Accounts
Start Date For Period Covered By Report	2019-01-01
End Date For Period Covered By Report	2019-12-31
Annual Accounts
Start Date For Period Covered By Report	2020-01-01
End Date For Period Covered By Report	2020-12-31
Annual Accounts
Start Date For Period Covered By Report	2021-01-01
End Date For Period Covered By Report	2021-12-31
Annual Accounts
Start Date For Period Covered By Report	2022-01-01
End Date For Period Covered By Report	2022-12-31

Ian Smith Group Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Jonathan H.

Adam S.

Adrian S.

Paul D.

Pamela S.

Ian S.

David R.

Duncan J.

Stephen P.

Charles H.

Pauline J.

People with significant control

Ian S.

Accounts Documents

Company filings

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