Company Registration No. 11803835 (England and Wales)
Frank Smalley Demolition Limited
Unaudited accounts
for the period from 1 March 2024 to 30 April 2025
Frank Smalley Demolition Limited
Unaudited accounts
Contents
Frank Smalley Demolition Limited
Company Information
for the period from 1 March 2024 to 30 April 2025
Directors
Mrs C Smalley
Mr F Smalley
Company Number
11803835 (England and Wales)
Registered Office
122 Fore Street
Saltash
PL12 6JW
England
Accountants
Blackwell Bate Ltd
Brunel Court
122 Fore Street
Saltash
Cornwall
PL12 6JW
Frank Smalley Demolition Limited
Statement of financial position
as at 30 April 2025
Cash at bank and in hand
65,922
62,871
Creditors: amounts falling due within one year
(59,923)
(93,778)
Net current assets
5,999
43,458
Total assets less current liabilities
5,999
356,600
Creditors: amounts falling due after more than one year
-
(29,895)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
5,899
249,561
Shareholders' funds
5,999
249,661
For the period 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 16 May 2025 and were signed on its behalf by
Mr F Smalley
Director
Company Registration No. 11803835
Frank Smalley Demolition Limited
Notes to the Accounts
for the period from 1 March 2024 to 30 April 2025
Frank Smalley Demolition Limited is a private company, limited by shares, registered in England and Wales, registration number 11803835. The registered office is 122 Fore Street, Saltash, PL12 6JW, England.
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 period, 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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
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% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
33% Straight Line
Computer equipment
33% Straight Line
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
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.
Frank Smalley Demolition Limited
Notes to the Accounts
for the period from 1 March 2024 to 30 April 2025
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2024
388,489
183,875
2,413
5,861
580,638
Disposals
(388,489)
(183,875)
(2,413)
(5,861)
(580,638)
At 30 April 2025
-
-
-
-
-
At 1 March 2024
184,657
77,940
834
4,065
267,496
On disposals
(184,657)
(77,940)
(834)
(4,065)
(267,496)
At 30 April 2025
-
-
-
-
-
At 30 April 2025
-
-
-
-
-
At 29 February 2024
203,832
105,935
1,579
1,796
313,142
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
10,000
Obligations under finance leases and hire purchase contracts
-
32,781
Taxes and social security
28,938
18,539
Other creditors
30,985
13,803
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
17,395
8
Average number of employees
During the period the average number of employees was 2 (2024: 9).