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Registration number: 00627974

R.C.Smallbone (Newbury) Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

R.C.Smallbone (Newbury) Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 8

R.C.Smallbone (Newbury) Limited

(Registration number: 00627974)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 855 | 1,710
Tangible assets | 5 | 802,496 | 796,784
Other financial assets | 6 | 70,000 | 70,000
|  | 873,351 | 868,494
Current assets |  |  |
Stocks | 7 | 2,700 | 2,500
Debtors | 8 | 125,462 | 156,613
Cash at bank and in hand |  | 274,320 | 271,684
|  | 402,482 | 430,797
Creditors: Amounts falling due within one year | 9 | (59,111) | (102,640)
Net current assets |  | 343,371 | 328,157
Total assets less current liabilities |  | 1,216,722 | 1,196,651
Provisions for liabilities |  | (132,842) | (131,361)
Net assets |  | 1,083,880 | 1,065,290
Capital and reserves |  |  |
Called up share capital |  | 2,000 | 2,000
Other reserves |  | 390,534 | 390,534
Retained earnings |  | 691,346 | 672,756
Shareholders' funds |  | 1,083,880 | 1,065,290

R.C.Smallbone (Newbury) Limited

(Registration number: 00627974)
Balance Sheet as at 31 May 2025

For the financial year ending 31 May 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 25 February 2026 and signed on its behalf by:

......................................... Mr NP Smallbone Director
......................................... Mr MR Smallbone Director

R.C.Smallbone (Newbury) Limited

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

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
37 Pound Street
Newbury
Berkshire
RG14 6AE
United Kingdom

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 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.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

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.

R.C.Smallbone (Newbury) Limited

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

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 | 15% on reducing balance
Motor vehicles | 25% on reducing balance
Office equipment | 10% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

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.

Debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

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 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.

R.C.Smallbone (Newbury) Limited

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

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 14 (2024 - 14).

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 June 2024 | 8,550 | 8,550
At 31 May 2025 | 8,550 | 8,550
Amortisation
At 1 June 2024 | 6,840 | 6,840
Amortisation charge | 855 | 855
At 31 May 2025 | 7,695 | 7,695
Carrying amount
At 31 May 2025 | 855 | 855
At 31 May 2024 | 1,710 | 1,710

R.C.Smallbone (Newbury) Limited

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

5 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 June 2024 | 750,000 | 15,113 | 15,403 | 5,893 | 161,090 | 947,499
Additions | - | 17,394 | - | 1,300 | - | 18,694
At 31 May 2025 | 750,000 | 32,507 | 15,403 | 7,193 | 161,090 | 966,193
Depreciation
At 1 June 2024 | - | 4,362 | 15,267 | 3,459 | 127,627 | 150,715
Charge for the year | - | 4,222 | 21 | 373 | 8,366 | 12,982
At 31 May 2025 | - | 8,584 | 15,288 | 3,832 | 135,993 | 163,697
Carrying amount
At 31 May 2025 | 750,000 | 23,923 | 115 | 3,361 | 25,097 | 802,496
At 31 May 2024 | 750,000 | 10,751 | 136 | 2,434 | 33,463 | 796,784

6 | Other financial assets (current and non-current)

| Financial assets at fair value through profit and loss £ | Total £
Non-current financial assets
Cost or valuation
Additions | 70,000 | 70,000
At 31 May 2025 | 70,000 | 70,000
Impairment
Carrying amount
At 31 May 2025 | 70,000 | 70,000

R.C.Smallbone (Newbury) Limited

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

7 | Stocks

| 2025 £ | 2024 £
Other inventories | 2,700 | 2,500

8 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 125,461 | 156,248
Prepayments | 1 | 365
| 125,462 | 156,613

R.C.Smallbone (Newbury) Limited

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

9 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 15,258 | 36,298
Taxation and social security | 21,731 | 44,909
Other creditors | 22,122 | 21,433
| 59,111 | 102,640