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REGISTERED NUMBER: 03935240 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

T.R. Smith & Sons Builders Limited

T.R. Smith & Sons Builders Limited (Registered number: 03935240)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T.R. Smith & Sons Builders Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: R J Smith
T R Smith





REGISTERED OFFICE: Station Road
Sutton In Ashfield
Nottinghamshire
NG17 5GB





REGISTERED NUMBER: 03935240 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

T.R. Smith & Sons Builders Limited (Registered number: 03935240)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 113,266 135,820

CURRENT ASSETS
Stocks 30,500 33,060
Debtors 5 32,349 35,557
Cash at bank and in hand 36,952 26,910
99,801 95,527
CREDITORS
Amounts falling due within one year 6 141,947 156,822
NET CURRENT LIABILITIES (42,146 ) (61,295 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,120

74,525

PROVISIONS FOR LIABILITIES 14,138 31,845
NET ASSETS 56,982 42,680

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 55,982 41,680
56,982 42,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

T.R. Smith & Sons Builders Limited (Registered number: 03935240)

Balance Sheet - continued
30 November 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:





R J Smith - Director


T.R. Smith & Sons Builders Limited (Registered number: 03935240)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

T.R. Smith & Sons Builders 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 5% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

T.R. Smith & Sons Builders Limited (Registered number: 03935240)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 December 2023 90,554 544,878 71,657 707,089
Additions - 6,777 - 6,777
At 30 November 2024 90,554 551,655 71,657 713,866
DEPRECIATION
At 1 December 2023 47,170 466,768 57,331 571,269
Charge for year 4,527 21,222 3,582 29,331
At 30 November 2024 51,697 487,990 60,913 600,600
NET BOOK VALUE
At 30 November 2024 38,857 63,665 10,744 113,266
At 30 November 2023 43,384 78,110 14,326 135,820

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 17,420 7,588
Other debtors 12,095 25,286
Prepayments and accrued income 2,834 2,683
32,349 35,557

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts - 11,782
Trade creditors 76,610 87,319
Tax 21,854 12,127
Social security and other taxes 6,703 9,902
VAT 25,078 25,341
Directors' current accounts 217 607
Accrued expenses 11,485 9,744
141,947 156,822

7. ULTIMATE CONTROLLING PARTY

The controlling party is R J Smith.

At the year end, the director was owed £217 by the company, (2023, £607).