Registration number: NI649849

Smiton Maintenance Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Smiton Maintenance Limited

Company Information

Director

Mr Paul Smiton

Registered office

20 Tareesh Lane Downpatrick Co Down BT30 8JN

Smiton Maintenance Limited

(Registration number: NI649849)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	101,881	107,950
Current assets
Debtors	5	21,585	20,924
Cash at bank and in hand		68,573	48,738
		90,158	69,662
Creditors: Amounts falling due within one year	6	(51,946)	(47,496)
Net current assets		38,212	22,166
Total assets less current liabilities		140,093	130,116
Creditors: Amounts falling due after more than one year	6	(15,180)	(18,384)
Net assets		124,913	111,732
Capital and reserves
Called up share capital	9	100	100
Retained earnings		124,813	111,632
Shareholders' funds		124,913	111,732

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Smiton Maintenance Limited

(Registration number: NI649849)
Balance Sheet as at 31 March 2025

Approved and authorised by the director on 16 September 2025
 

......................................... Mr Paul Smiton Director

Smiton Maintenance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
20 Tareesh Lane
Downpatrick
Co Down
BT30 8JN

These financial statements were authorised for issue by the director on 16 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Smiton Maintenance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and Machinery	15% Reducing Balance
Land and buildings	2% Straight line
Office Equipment	15% Reducing Balance
Fixtures and Fittings	15% Reducing Balance
Motor Vehicles	20% Reducing Balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Smiton Maintenance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Smiton Maintenance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	42,984	4,631	93,065	140,680
Additions	-	1,086	4,897	5,983
At 31 March 2025	42,984	5,717	97,962	146,663
Depreciation
At 1 April 2024	3,668	1,441	27,621	32,730
Charge for the year	860	641	10,551	12,052
At 31 March 2025	4,528	2,082	38,172	44,782
Carrying amount
At 31 March 2025	38,456	3,635	59,790	101,881
At 31 March 2024	39,316	3,190	65,444	107,950

Included within the net book value of land and buildings above is £38,456 (2024 - £39,316) in respect of freehold land and buildings.
 

5

Debtors

	2025 £	2024 £
Trade debtors	20,711	18,241
Other debtors	874	2,683
	21,585	20,924

Smiton Maintenance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	31,795	25,358
Trade creditors		12,586	14,536
Taxation and social security		6,065	6,102
Accruals and deferred income		1,500	1,500
		51,946	47,496

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	15,180	18,384

7	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	15,180	18,384

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	3,600	3,600
Other borrowings	28,195	21,758
	31,795	25,358

8	Related party transactions

Transactions with the director

2025	At 1 April 2024 £	Advances from director £	At 31 March 2025 £
Mr Paul Smiton
Director's loan account	21,758	6,437	28,195

Smiton Maintenance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2024	At 1 April 2023 £	Repayments by director £	At 31 March 2024 £
Mr Paul Smiton
Director's loan account	57,137	(35,379)	21,758

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Share Capital of £1 each	100	100	100	100