Smiths SD Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04658473 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SMITHS SD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S D Dykes

SECRETARY:

Mrs S M Dykes

REGISTERED OFFICE:

Unit 2 Cormorant Drive

Runcorn

Cheshire

WA7 4UD

REGISTERED NUMBER:

04658473 (England and Wales)

ACCOUNTANTS:

Michael Donnan & Co Limited

Oaktree Court Business Ctr

Mill Lane

Ness

Cheshire

CH64 8TP

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

24,654

6,762

24,654

6,762

CURRENT ASSETS

Stocks

7,500

Debtors

6

111,143

284,372

Cash at bank

128,098

19,117

246,741

310,989

CREDITORS

Amounts falling due within one year

7

48,855

44,857

NET CURRENT ASSETS

197,886

266,132

TOTAL ASSETS LESS CURRENT
LIABILITIES

222,540

272,894

CREDITORS

Amounts falling due after more than
one year

8

(25,833

)

(30,833

)

PROVISIONS FOR LIABILITIES

(6,000

)

(1,700

)

NET ASSETS

190,707

240,361

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

10

190,607

240,261

SHAREHOLDERS' FUNDS

190,707

240,361

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 30 December 2025 and were signed by:

S D Dykes - Director

1.	STATUTORY INFORMATION

Smiths SD 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Transactions are rounded to the nearest £.

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 comprises the invoiced value of goods and services supplied by the company, exclusive of Value Added Tax and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

60,000

AMORTISATION

At 1 April 2024

and 31 March 2025

60,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST

At 1 April 2024

31,215

16,020

35,464

55,699

138,398

Additions

-

23,295

At 31 March 2025

31,215

16,020

35,464

78,994

161,693

DEPRECIATION

At 1 April 2024

31,215

15,809

35,178

49,434

131,636

Charge for year

-

211

229

4,963

5,403

At 31 March 2025

31,215

16,020

35,407

54,397

137,039

NET BOOK VALUE

At 31 March 2025

-

57

24,597

24,654

At 31 March 2024

-

211

286

6,265

6,762

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Trade debtors

38,232

18,008

Other debtors

23,184

137,636

Tax

6,000

-

Prepayments and accrued income

43,727

128,728

111,143

284,372

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Bank loans and overdrafts

5,000

Trade creditors

18,073

12,856

Tax

-

11,466

Social security and other taxes

51

-

VAT

13,170

4,881

Other creditors

9,333

7,176

Directors' current accounts

728

978

Accrued expenses

2,500

48,855

44,857

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31/3/25

31/3/24

£

Bank loans - 1-2 years

5,000

Bank loans - 2-5 years

15,000

Bank loans more 5 yr

5,833

10,833

25,833

30,833

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr

5,833

10,833

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

100

Ordinary shares

£1

100

10.

RESERVES

Retained

earnings

£

At 1 April 2024

240,261

Deficit for the year

(4,654

)

Dividends

(45,000

)

At 31 March 2025

190,607

11.	RELATED PARTY DISCLOSURES

PAISLEY PROPERTY LIMITED

A company which has a common director and shareholder.

As at 31 March 2024, Smiths SD Limited had advanced funds to Paisley Property Limited amounting to £137,636. During the year ended 31 March 2025, repayments of £119,550 were received and further funds of £5,098 were advanced. This reduced the amount owed by Paisley Property Limited at 31 March 2025 to £23,184. No interest is being charged on the loan, which is repayable on demand.