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REGISTERED NUMBER: 07094640 (England and Wales)

























Unaudited Financial Statements for the Year Ended 31 December 2024

for

Smethurst Contracts Limited

Smethurst Contracts Limited (Registered number: 07094640)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Smethurst Contracts Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mr R Smethurst





REGISTERED OFFICE: 2 Station View
Bramhall Moor Lane
Hazel Grove
Stockport
Cheshire
SK7 5ER





REGISTERED NUMBER: 07094640 (England and Wales)





ACCOUNTANTS: IN Accountancy Limited
2 Station View
Bramhall Moor Lane
Hazel Grove
Stockport
Cheshire
SK7 5ER

Smethurst Contracts Limited (Registered number: 07094640)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,200 5,600
Tangible assets 5 22,630 17,853
25,830 23,453

CURRENT ASSETS
Debtors 6 26,401 29,620
Cash at bank 16,617 3,412
43,018 33,032
CREDITORS
Amounts falling due within one year 7 165,510 139,728
NET CURRENT LIABILITIES (122,492 ) (106,696 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(96,662

)

(83,243

)

CREDITORS
Amounts falling due after more than one
year

8

49,094

72,145
NET LIABILITIES (145,756 ) (155,388 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (145,757 ) (155,389 )
SHAREHOLDERS' FUNDS (145,756 ) (155,388 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 August 2025 and were signed by:





Mr R Smethurst - Director


Smethurst Contracts Limited (Registered number: 07094640)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Smethurst Contracts Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
At the end of the financial year, the company is insolvent and is reliant upon its directors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 28 ) .

Smethurst Contracts Limited (Registered number: 07094640)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 12,000
AMORTISATION
At 1 January 2024 6,400
Charge for year 2,400
At 31 December 2024 8,800
NET BOOK VALUE
At 31 December 2024 3,200
At 31 December 2023 5,600

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 32,146
Additions 16,000
At 31 December 2024 48,146
DEPRECIATION
At 1 January 2024 14,293
Charge for year 11,223
At 31 December 2024 25,516
NET BOOK VALUE
At 31 December 2024 22,630
At 31 December 2023 17,853

The net book value of fixed assets held under hire purchase agreements is £21,656 (2023: £17,607)

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 8,338 14,282
Other debtors 18,063 15,338
26,401 29,620

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 29,420 32,029
Hire purchase contracts 11,411 10,376
Trade creditors 14,801 10,645
Taxation and social security 47,698 50,606
Other creditors 62,180 36,072
165,510 139,728

Smethurst Contracts Limited (Registered number: 07094640)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 31,948 55,688
Hire purchase contracts 17,146 16,457
49,094 72,145

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Hire purchase 28,557 26,833

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the financial year end, the company was owed £10,675 (2023 - £9,961), from the directors.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr R Smethurst.