Smyth Research Limited

Page 1

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: NI063740

	2025	2024
	£	£
Fixed assets	6,247	8,329

Current assets	133,192	149,666
Creditors: Amounts Falling Due Within One Year	(301,799 )	(300,379 )

NET CURRENT LIABILITIES	(168,607 )	(150,713 )

TOTAL ASSETS LESS CURRENT LIABILITIES	(162,360 )	(142,384 )

Creditors: Amounts Falling Due After More Than One Year	(119,793 )	(120,160 )
Accruals and deferred income	(5,137 )	(4,960 )

NET LIABILITIES	(287,290 )	(267,504 )

CAPITAL AND RESERVES	(287,290 )	(267,504 )

Notes

1. General Information

Smyth Research Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI063740 . The registered office is At The Offices Of, D N Robinson, 17 Grays Hill, Bangor, BT20 3BB.

2. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 6)

3. Going concern

The balance sheet shows a shortfall of £287,290.

The balance on the director's current account is £109,304. He intends to continiue to support the company. This leaves a net shortfall of £177,986.

At the balance sheet date the company had received substantial advance orders for a new product. These were fully paid, but were not treated as sales. When the product is delivered, the profit should cover the remaining net shortfall.

Page 1

Page 2

Smyth Research Limited

Balance Sheet (continued)

As At 31 March 2025

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.

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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Dr Stephen Smyth Director	Dr Michael Henry Charles Smyth Director
29/12/2025

Page 2

Directors	Dr Stephen Smyth
	Dr Michael Henry Charles Smyth

Company Number	NI063740

Registered Office	At The Offices Of
	D N Robinson
	17 Grays Hill
	Bangor
	BT20 3BB

Accountants	D N Robinson Limited
	Chartered Certified Accountant
	17 Gray's Hill
	Bangor
	County Down
	BT20 3BB