Smith Bailey and Anderson Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01687879

Smith Bailey and Anderson Limited

Filleted Unaudited Financial Statements

31 March 2025

Smith Bailey and Anderson Limited

Financial Statements

Year ended 31 March 2025

Contents	Pages

Statement of financial position	1 to 2

Notes to the financial statements	3 to 6

Smith Bailey and Anderson Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		132,316	113,253

Current assets

Stocks		15,258	19,274
Debtors	6	134,163	243,986
Cash at bank and in hand		244,182	53,300
		---------	---------
		393,603	316,560

Creditors: amounts falling due within one year	7	( 276,194)		( 107,329)
		---------		---------
Net current assets			117,409	209,231
			---------	---------
Total assets less current liabilities			249,725	322,484

Creditors: amounts falling due after more than one year	8		( 5,002)	( 25,013)

Provisions

Taxation including deferred tax	( 16,638)	( 22,244)
	---------	---------
Net assets	228,085	275,227
	---------	---------

Smith Bailey and Anderson Limited

Statement of Financial Position (continued)

31 March 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	1,000	1,000
Capital redemption reserve	90	90
Profit and loss account	226,995	274,137
	---------	---------
Shareholders funds	228,085	275,227
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 3 December 2025 , and are signed on behalf of the board by:

Mr P.R. Anderson
Director

Company registration number: 01687879

Smith Bailey and Anderson Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 3 Easter Industrial Park, Ferry Lane, Rainham, Essex, RM13 9BP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the profit and loss account represents the value of goods and services provided during the year, exclusive of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machiery	-	10% straight line
Fixtures and fittings and equipment	-	20% straight line
Motor vehicles	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities .

Defined contribution plans

The company operates a money purchase pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2024: 9 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024	327,517	29,747	169,489	526,753
Additions	–	5,416	57,916	63,332
Disposals	( 45,650)	( 16,965)	( 60,994)	( 123,609)
	---------	--------	---------	---------
At 31 March 2025	281,867	18,198	166,411	466,476
	---------	--------	---------	---------
Depreciation
At 1 April 2024	280,968	20,194	112,338	413,500
Charge for the year	9,331	1,854	27,328	38,513
Disposals	( 45,650)	( 16,965)	( 55,238)	( 117,853)
	---------	--------	---------	---------
At 31 March 2025	244,649	5,083	84,428	334,160
	---------	--------	---------	---------
Carrying amount
At 31 March 2025	37,218	13,115	81,983	132,316
	---------	--------	---------	---------
At 31 March 2024	46,549	9,553	57,151	113,253
	---------	--------	---------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	119,642	167,936
Amounts owed by group undertakings and undertakings in which the company has a participating interest	–	60,619
Other debtors	14,521	15,431
	---------	---------
	134,163	243,986
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	20,007	20,009
Trade creditors	49,874	49,721
Amounts owed to group undertakings and undertakings in which the company has a participating interest	173,470	–
Corporation tax	–	17,297
Social security and other taxes	19,581	5,304
Other creditors	13,262	14,998
	---------	---------
	276,194	107,329
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	5,002	25,013
	-------	--------

9. Related party transactions

During the year dividends of £31,000 (2024 £75,000) and rent of £57,000 (2024 £57,000) were paid to the parent company SB & A (UK) Ltd. The balance due (to)/from SB&A (UK) Ltd and included in (creditors)/debtors is as follows :-

	2025	2024
	£	£
	(173,470)	60,619
	---------	--------

The loan is interest free and repayable on demand.

10. Controlling party

The company is a 100% owned subsidiary of SB&A (UK) Ltd, a company incorporated in England.