MACAULEY SMITH LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07250252

		31 March 2025		30 November 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		7,756		2,817

			7,756		2,817
CURRENT ASSETS
Stocks	5	109,424		165,854
Debtors	6	22,542		126,542
Cash at bank and in hand		836,205		444,319

		968,171		736,715
Creditors: Amounts Falling Due Within One Year	7	(133,537 )		(41,718 )

NET CURRENT ASSETS (LIABILITIES)			834,634		694,997

TOTAL ASSETS LESS CURRENT LIABILITIES			842,390		697,814

NET ASSETS			842,390		697,814

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			842,389		697,813

SHAREHOLDERS' FUNDS			842,390		697,814

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MACAULEY SMITH LIMITED

Balance Sheet (continued)

As At 31 March 2025

For the period ending 31 March 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 Paul Macauley

Director

25/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

MACAULEY SMITH LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 07250252 . The registered office is Unit 7b Evelyn Court, Deptford Park Business Centre, Grinstead Road, London, SE8 5AD.

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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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:

Fixtures & Fittings	25% reducing balance method
Computer Equipment	25% reducing balance method

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. Financial Instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.6. 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.

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MACAULEY SMITH LIMITED

Notes to the Financial Statements (continued)

For the Period 1 December 2023 to 31 March 2025

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

2.8. Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.9. Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10. Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 6 (2023: 8)

4. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 December 2023	5,357
Additions	6,342

As at 31 March 2025	11,699

Depreciation
As at 1 December 2023	2,540
Provided during the period	1,403

As at 31 March 2025	3,943

Net Book Value
As at 31 March 2025	7,756

As at 1 December 2023	2,817

5. Stocks

	31 March 2025	30 November 2023
	£	£
Work in progress	109,424	165,854

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MACAULEY SMITH LIMITED

Notes to the Financial Statements (continued)

For the Period 1 December 2023 to 31 March 2025

6. Debtors

	31 March 2025	30 November 2023
	£	£
Due within one year
Trade debtors	12,479	20,364
Other debtors	10,063	106,178

	22,542	126,542

7. Creditors: Amounts Falling Due Within One Year

	31 March 2025	30 November 2023
	£	£
Trade creditors	7,721	11,127
Other creditors	6,389	5,238
Taxation and social security	119,427	25,353

	133,537	41,718

8. Share Capital

	31 March 2025	30 November 2023
	£	£
Allotted, Called up and fully paid	1	1

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