Smith & Munson Limited in Spalding, PE12 0GA

Description

Data updated on: 01-11-2023

This Smith & Munson Limited business has been operating in this business for 75 years, as it's been founded in 1949. Started with Companies House Reg No. 00473755, Smith & Munson is categorised as a Private Limited Company with office in Glenfield House, Spalding PE12 0GA. The enterprise's registered with SIC code 1290 meaning Growing of other perennial crops. Smith & Munson Ltd reported its latest accounts for the financial year up to 2022-10-31. The business most recent confirmation statement was released on 2023-10-14.

Taking into consideration the following company's constant development, it was vital to appoint more directors, among others: Neville M., Edward M., Joanne M. who have been cooperating since October 2011 to exercise independent judgement of this limited company. To support the directors in their duties, the abovementioned limited company has been utilizing the expertise of Joanne M. as a secretary since 2009.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2011-10-31	2012-10-31	2013-10-31	2014-10-31	2015-10-31	2016-10-31	2017-10-31	2018-10-31	2019-10-31	2020-10-31	2021-10-31	2022-10-31
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	1 035 031	1 013 510	959 432	839 596	800 590	727 632

Balance Sheet
Cash Bank In Hand	499 164	400 779	290 942	46 330	65 713	119 372
Cash Bank On Hand						119 372	191 057	46 594	89 108	474 422	447 625	364 073
Current Assets	1 094 928	963 736	852 113	556 794	473 446	435 795	711 939	349 089	491 801	987 191	749 511	721 515
Debtors	196 076	200 365	210 653	300 040	242 832	194 906	412 435	219 905	306 894	372 071	210 645	191 007
Net Assets Liabilities						727 632	683 146	706 837	650 935	771 703	799 569	743 568
Net Assets Liabilities Including Pension Asset Liability	1 035 031	1 013 510	959 432	839 596	800 590	727 632
Other Debtors						36 383	214 044	94 931	163 037	254 390	79 143	73 839
Property Plant Equipment						1 078 475	1 016 124	1 306 459	1 114 573	1 040 173	1 017 641	979 190
Stocks Inventory	399 688	362 592	350 518	210 424	164 901	121 517
Tangible Fixed Assets	711 037	845 188	846 860	854 587	1 082 827	1 078 475
Total Inventories						121 517	108 447	82 590	95 799	140 698	91 241	166 435

Capital & Reserves
Called Up Share Capital	5 000	5 000	5 000	5 000	5 000	5 000
Profit Loss Account Reserve	1 030 031	1 008 510	954 432	834 596	795 590	722 632
Shareholder Funds	1 035 031	1 013 510	959 432	839 596	800 590	727 632

Other Financial Data
Amount Specific Advance Or Credit Directors						6 397	11 620	53 843	83 443
Amount Specific Advance Or Credit Made In Period Directors						37 586	44 905	7 045	95 206	25 868
Amount Specific Advance Or Credit Repaid In Period Directors						31 189	39 682	69 134	65 606	109 311
Accumulated Depreciation Impairment Property Plant Equipment						1 408 311	1 548 380	1 771 942	1 973 439	2 066 142	2 224 749	2 295 947
Average Number Employees During Period							4	3	3	3	6	4
Bank Borrowings									445 706	479 635	412 930	395 594
Bank Borrowings Overdrafts									429 702	459 972	395 668	377 668
Capital Commitments							429 920
Creditors						322 300	500 000	515 486	540 571	549 972	467 318	447 718
Creditors Due After One Year			135 000	143 458	356 007	322 300
Creditors Due Within One Year	717 434	738 414	541 041	371 327	346 576	412 338
Disposals Decrease In Depreciation Impairment Property Plant Equipment								12 983		19 821		82 675
Disposals Property Plant Equipment								15 375		48 062		90 489
Finance Lease Liabilities Present Value Total						27 300	27 300				1 422	1 479
Future Minimum Lease Payments Under Non-cancellable Operating Leases						2 700	2 700	2 700	2 700	2 700	2 700	2 700
Increase From Depreciation Charge For Year Property Plant Equipment							140 069	236 545	201 497	167 424	158 607	153 873
Net Current Assets Liabilities	377 494	225 322	311 072	185 467	126 870	23 457	225 222	-32 036	134 333	365 302	355 946	331 196
Number Shares Allotted		5 000	5 000	5 000	5 000	5 000
Other Creditors						295 000	500 000	515 486	110 869	90 000	45 000	45 000
Other Taxation Social Security Payable						35 905	13 020	25 317	26 311	94 606	79 202	20 853
Par Value Share		1	1	1	1	1
Property Plant Equipment Gross Cost						2 486 786	2 564 504	3 078 401	3 088 012	3 106 315	3 242 390	3 275 137
Provisions For Liabilities Balance Sheet Subtotal						52 000	58 200	52 100	57 400	83 800	106 700	119 100
Provisions For Liabilities Charges	53 500	57 000	63 500	57 000	53 100	52 000
Secured Debts				15 708	290 390	331 007
Share Capital Allotted Called Up Paid	5 000	5 000	5 000	5 000	5 000	5 000
Tangible Fixed Assets Additions		221 350	106 297	117 984	380 207	132 398
Tangible Fixed Assets Cost Or Valuation	1 593 900	1 815 250	1 894 746	2 010 177	2 354 388	2 486 786
Tangible Fixed Assets Depreciation	882 863	970 062	1 047 886	1 155 590	1 271 561	1 408 311
Tangible Fixed Assets Depreciation Charged In Period		87 199	104 158	110 149	141 763	136 750
Tangible Fixed Assets Depreciation Decrease Increase On Disposals			26 334	2 445	25 792
Tangible Fixed Assets Disposals			26 801	2 553	35 996
Total Additions Including From Business Combinations Property Plant Equipment							77 718	529 272	9 611	121 265	136 075	123 236
Total Assets Less Current Liabilities	1 088 531	1 070 510	1 157 932	1 040 054	1 209 697	1 101 932	1 241 346	1 274 423	1 248 906	1 405 475	1 373 587	1 310 386
Total Borrowings						331 007	607 300	510 000	539 354	500 504	441 002	422 123
Trade Creditors Trade Payables						159 701	133 151	89 226	103 236	257 070	140 788	132 449
Trade Debtors Trade Receivables						158 523	198 391	124 974	143 857	117 681	131 502	117 168
Advances Credits Directors						6 397
Increase Decrease In Property Plant Equipment											54 334