Company registration number SC472544 (Scotland)
SAM SMITH NDT LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
SAM SMITH NDT LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
SAM SMITH NDT LTD
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
3
-
0
3,623
Current assets
Trade and other receivables
4
843
5,996
Cash and cash equivalents
6,100
3,651
6,943
9,647
Current liabilities
5
(6,017)
(11,767)
Net current assets/(liabilities)
926
(2,120)
Net assets
926
1,503
Equity
Called up share capital
6
100
100
Retained earnings
826
1,403
Total equity
926
1,503

For the financial year ended 31 March 2026 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 director acknowledges his 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 director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 7 May 2026
Mr S Smith
Director
Company registration number SC472544 (Scotland)
SAM SMITH NDT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 2 -
1
Accounting policies
Company information

Sam Smith NDT Ltd is a private company limited by shares incorporated in Scotland. The registered office is 2 Melville Street, Falkirk, Scotland, FK1 1HZ.

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

1.2
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Property, plant and equipment

Property, plant and equipment 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:

Computers
33% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
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.

1.5
Taxation

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

SAM SMITH NDT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

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

2026
2025
Number
Number
Total
1
1
3
Property, plant and equipment
Computers
Motor vehicles
Total
£
£
£
Cost
At 1 April 2025
3,910
11,849
15,759
Disposals
(3,910)
(11,849)
(15,759)
At 31 March 2026
-
0
-
0
-
0
Depreciation and impairment
At 1 April 2025
3,099
9,037
12,136
Eliminated in respect of disposals
(3,099)
(9,037)
(12,136)
At 31 March 2026
-
0
-
0
-
0
Carrying amount
At 31 March 2026
-
0
-
0
-
0
At 31 March 2025
811
2,812
3,623
4
Trade and other receivables
2026
2025
Amounts falling due within one year:
£
£
Trade receivables
127
5,610
Other receivables
716
386
843
5,996
SAM SMITH NDT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 4 -
5
Current liabilities
2026
2025
£
£
Trade payables
-
0
433
Corporation tax
4,304
7,854
Other taxation and social security
539
219
Other payables
1,174
3,261
6,017
11,767
6
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A Shares of £1 each
75
75
75
75
Ordinary B Shares of £1 each
25
25
25
25
100
100
100
100
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