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Registered number: 01465718
Roy Smith Engineering (Holdings) Limited
Unaudited Financial Statements
For The Year Ended 5 April 2025
Tony Dicker Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01465718
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 350,000 350,000
Investments 5 76,493 96,611
426,493 446,611
CURRENT ASSETS
Stocks 6 800 675
Debtors 7 100,837 114,467
Cash at bank and in hand 23,687 26,052
125,324 141,194
Creditors: Amounts Falling Due Within One Year 8 (5,165 ) (3,483 )
NET CURRENT ASSETS (LIABILITIES) 120,159 137,711
TOTAL ASSETS LESS CURRENT LIABILITIES 546,652 584,322
NET ASSETS 546,652 584,322
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Share premium account 9,000 9,000
Revaluation reserve 10 310,981 310,981
Profit and Loss Account 225,671 263,341
SHAREHOLDERS' FUNDS 546,652 584,322
Page 1
Page 2
For the year ending 5 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr G Smith
Director
Mr D Smith
Director
18/07/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Roy Smith Engineering (Holdings) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01465718 . The registered office is 47-57 Feeder Road, St Philips, Bristol, BS2 0SE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not considered necessaary
Plant & Machinery 20% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 20% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 6 April 2024 350,000 1,428 3,686 355,114
As at 5 April 2025 350,000 1,428 3,686 355,114
Depreciation
As at 6 April 2024 - 1,428 3,686 5,114
As at 5 April 2025 - 1,428 3,686 5,114
Net Book Value
As at 5 April 2025 350,000 - - 350,000
As at 6 April 2024 350,000 - - 350,000
5. Investments
Other
£
Cost
As at 6 April 2024 96,611
Additions 7,249
Disposals (20,000 )
Fair value adjustments (7,367 )
As at 5 April 2025 76,493
Provision
As at 6 April 2024 -
As at 5 April 2025 -
Net Book Value
As at 5 April 2025 76,493
As at 6 April 2024 96,611
6. Stocks
2025 2024
£ £
Work in progress 800 675
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Page 5
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,925 1,925
Other debtors 98,912 112,542
100,837 114,467
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 191 283
Other creditors 900 1,212
Taxation and social security 4,074 1,988
5,165 3,483
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Reserves
Revaluation Reserve
£
As at 6 April 2024 310,981
As at 5 April 2025 310,981
Page 5