Company registration number 09689291 (England and Wales)
SMITH METALS (BOLTON) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
SMITH METALS (BOLTON) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
SMITH METALS (BOLTON) LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
-
0
69,454
Tangible assets
5
449,212
620,869
Investment property
6
64,889
64,889
Investments
7
1
1
514,102
755,213
Current assets
Stocks
34,237
90,661
Debtors
8
671,553
858,756
Cash at bank and in hand
304,152
391,158
1,009,942
1,340,575
Creditors: amounts falling due within one year
9
(966,541)
(1,101,732)
Net current assets
43,401
238,843
Total assets less current liabilities
557,503
994,056
Creditors: amounts falling due after more than one year
10
(14,166)
(43,166)
Provisions for liabilities
(110,897)
(153,720)
Net assets
432,440
797,170
Capital and reserves
Called up share capital
11
25,000
25,000
Profit and loss reserves
407,440
772,170
Total equity
432,440
797,170
SMITH METALS (BOLTON) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2025
30 September 2025
- 2 -

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 21 January 2026 and are signed on its behalf by:
Mr J A Wilson
Director
Company registration number 09689291 (England and Wales)
SMITH METALS (BOLTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 3 -
1
Accounting policies
Company information

Smith Metals (Bolton) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Darbishire Street, Off Waterloo Road, Bolton, Lancashire, BL1 2TN.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The financial statements have been prepared on the going concern basis.

1.3
Revenue

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods :

Turnover from the sale of scrap metal is recognised on delivery and when the customer has agreed the weight of the scrap metal being sold.

1.4
Intangible fixed assets - goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
20% on cost
Fixtures and fittings
20% on cost
Motor vehicles
20% on cost
1.6
Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

1.7
Fixed asset investments
SMITH METALS (BOLTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 4 -

Investments in subsidiary undertakings are recognised at cost.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.8
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.9
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.12
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.

SMITH METALS (BOLTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.13
Leases
As lessee

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals payable under non-cancelable operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
28
24
SMITH METALS (BOLTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 6 -
4
Intangible fixed assets
Goodwill
£
Cost
At 1 October 2024 and 30 September 2025
794,882
Amortisation and impairment
At 1 October 2024
725,428
Amortisation charged for the year
69,454
At 30 September 2025
794,882
Carrying amount
At 30 September 2025
-
0
At 30 September 2024
69,454
5
Tangible fixed assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 October 2024
360,566
39,745
854,744
1,255,055
Additions
37,005
-
0
30,205
67,210
Disposals
-
0
-
0
(64,445)
(64,445)
At 30 September 2025
397,571
39,745
820,504
1,257,820
Depreciation and impairment
At 1 October 2024
222,857
33,127
378,202
634,186
Depreciation charged in the year
52,118
1,876
138,687
192,681
Eliminated in respect of disposals
-
0
-
0
(18,259)
(18,259)
At 30 September 2025
274,975
35,003
498,630
808,608
Carrying amount
At 30 September 2025
122,596
4,742
321,874
449,212
At 30 September 2024
137,709
6,618
476,542
620,869
6
Investment property
2025
£
Fair value
At 1 October 2024 and 30 September 2025
64,889
SMITH METALS (BOLTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 7 -
7
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
1
1
8
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
308,160
355,572
Corporation tax recoverable
18,892
-
0
Amounts owed by group undertakings
252,676
472,861
Other debtors
55,976
-
0
Prepayments and accrued income
35,849
30,323
671,553
858,756

Other debtors consists of amounts due from the directors.

9
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases
29,000
33,775
Trade creditors
502,071
629,318
Amounts owed to group undertakings
9,562
-
0
Corporation tax
64,408
29,011
Other taxation and social security
137,761
84,262
Other creditors
15,256
12,588
Accruals and deferred income
208,483
312,778
966,541
1,101,732

Finance leases are secured on the assets to which they relate.

10
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Obligations under finance leases
14,166
43,166

Finance leases are secured on the assets to which they relate.

SMITH METALS (BOLTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 8 -
11
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
25,000
25,000
25,000
25,000
12
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
261,888
75,193
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