Registration number: 04405808

A.M. Smith Groundworks Limited

trading as A M Smith Groundworks Limited

Contents

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

A.M. Smith Groundworks Limited

trading as A M Smith Groundworks Limited

Company Information

Directors

Mrs Lisa Smith Mr James Smith

Registered office

Frenchurst Farmhouse Lomas Lane Sandhurst Cranbrook TN18 5PT

Accountants

Alison & Gary Robinson 22A Bank Street Ashford Kent TN23 1BE

A.M. Smith Groundworks Limited

trading as A M Smith Groundworks Limited

(Registration number: 04405808)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	227,482	231,943
Current assets
Debtors	5	116,662	384,941
Cash at bank and in hand		168,415	(30,442)
		285,077	354,499
Creditors: Amounts falling due within one year	6	(237,662)	(148,668)
Net current assets		47,415	205,831
Total assets less current liabilities		274,897	437,774
Creditors: Amounts falling due after more than one year	6	(162,183)	(290,260)
Net assets		112,714	147,514
Capital and reserves
Called up share capital	7	1,000	1,000
Retained earnings		111,714	146,514
Shareholders' funds		112,714	147,514

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.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 October 2025 and signed on its behalf by:
 

......................................... Mrs Lisa Smith Director

......................................... Mr James Smith Director

A.M. Smith Groundworks Limited

trading as A M Smith Groundworks 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 England.

The address of its registered office is:
Frenchurst Farmhouse Lomas Lane
Sandhurst
Cranbrook
TN18 5PT
England

The principal place of business is:
Frenchurst Farm House
Lomas Lane
Sandhurst
Kent
TN18 5PT

These financial statements were authorised for issue by the Board on 1 October 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.

A.M. Smith Groundworks Limited

trading as A M Smith Groundworks Limited

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

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.

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	35% reducing balance
Motor vehicles	35% reducing balance
Office equipment	25% straight line

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

A.M. Smith Groundworks Limited

trading as A M Smith Groundworks 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2024 - 12).

A.M. Smith Groundworks Limited

trading as A M Smith Groundworks Limited

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

4	Tangible assets

	Office equipment £	Motor vehicles  £	Other tangible assets  £	Total £
Cost or valuation
At 1 April 2024	2,229	245,189	573,160	820,578
Additions	-	118,028	-	118,028
At 31 March 2025	2,229	363,217	573,160	938,606
Depreciation
At 1 April 2024	2,229	216,773	369,633	588,635
Charge for the year	-	51,255	71,234	122,489
At 31 March 2025	2,229	268,028	440,867	711,124
Carrying amount
At 31 March 2025	-	95,189	132,293	227,482
At 31 March 2024	-	28,416	203,527	231,943

5

Debtors

Current	Note	2025 £	2024 £
Trade debtors		24,695	128,873
Amounts owed by related parties	10	7,428	25,428
Other debtors		84,539	230,640
		116,662	384,941

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	201,115	136,748
Taxation and social security	30,612	8,135
Accruals and deferred income	1,865	1,865
Other creditors	4,070	1,920
	237,662	148,668

Creditors: amounts falling due after more than one year

A.M. Smith Groundworks Limited

trading as A M Smith Groundworks Limited

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

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	162,183	290,260

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Share of £1 each	1,000	1,000	1,000	1,000

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	3,571	14,219
Hire purchase contracts	158,612	276,041
	162,183	290,260

Other borrowings

The carrying amount of HP Finance at year end is £Nil (2024 - £Nil).

9

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £815.00 (2024 - £900.00) per each Ordinary Share		81,500		90,000

10	Related party transactions

A.M. Smith Groundworks Limited

trading as A M Smith Groundworks Limited

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

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	42,233	43,155
Contributions paid to money purchase schemes	25,373	2,400
	67,606	45,555