We are told that $(\text{number} + 5)$ is divisible by 8, 11, and 24.
First, find the least common multiple (LCM) of 8, 11, and 24.
Prime factors: $8 = 2^3$, $11$ is prime, $24 = 2^3 \times 3$.
LCM = $2^3 \times 3 \times 11 = 264$.
Therefore, the number + 5 must be a multiple of 264.
The smallest positive number satisfying this is when:
Number + 5 = 264 $\Rightarrow$ Number = $264 - 5 = 259$.
Thus, the smallest number is $\boxed{259}$.