Company Registration No. 09560714 (England and Wales)
R M SMITH CONSTRUCTION LTD
Unaudited accounts
for the year ended 30 April 2025
R M SMITH CONSTRUCTION LTD
Unaudited accounts
Contents
R M SMITH CONSTRUCTION LTD
Company Information
for the year ended 30 April 2025
Directors
Robin Maurice Smith
Tina Smith
Company Number
09560714 (England and Wales)
Registered Office
POST OFFICE VAULTS
4 Market Place
WANTAGE
Oxfordshire
OX12 8AT
United Kingdom
Accountants
J JENKIN & ASSOCIATES LIMITED
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OXFORDSHIRE
OX12 8AT
R M SMITH CONSTRUCTION LTD
Statement of financial position
as at 30 April 2025
Tangible assets
67,040
80,491
Cash at bank and in hand
99,591
148,608
Creditors: amounts falling due within one year
(63,084)
(70,209)
Net current assets
161,578
168,355
Net assets
228,618
248,846
Called up share capital
2
2
Profit and loss account
228,616
248,844
Shareholders' funds
228,618
248,846
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 May 2025 and were signed on its behalf by
Tina Smith
Director
Company Registration No. 09560714
R M SMITH CONSTRUCTION LTD
Notes to the Accounts
for the year ended 30 April 2025
R M SMITH CONSTRUCTION LTD is a private company, limited by shares, registered in England and Wales, registration number 09560714. The registered office is POST OFFICE VAULTS, 4 Market Place, WANTAGE, Oxfordshire, OX12 8AT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
25% Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
R M SMITH CONSTRUCTION LTD
Notes to the Accounts
for the year ended 30 April 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 May 2024
3,834
89,040
92,874
Disposals
-
(17,690)
(17,690)
At 30 April 2025
3,834
90,095
93,929
At 1 May 2024
1,654
10,729
12,383
Charge for the year
654
18,643
19,297
On disposals
-
(4,791)
(4,791)
At 30 April 2025
2,308
24,581
26,889
At 30 April 2025
1,526
65,514
67,040
At 30 April 2024
2,180
78,311
80,491
Amounts falling due within one year
Trade debtors
45,950
2,260
Deferred tax asset
12,737
15,297
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
15,713
5,442
Taxes and social security
33,653
52,026
Loans from directors
637
566
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).