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Registration number: 07987561

Smith & Wallwork Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2026

Smith & Wallwork Ltd

Contents

Company Information | 1
Directors' Report | 2
Balance Sheet | 3
Notes to the Unaudited Financial Statements | 4 to 8

Smith & Wallwork Ltd

Company Information

Directors | Mr Simon Leslie Smith Mr Tristan Wallwork

Registered office | Cart House 2 Copley Hill Business Park Cambridge Road Babraham Cambridge CB22 3GN

Accountants | Tim Phillips & Co Ltd AccountantsCart House 2 Copley Hill Business Park Cambridge Road Babraham Cambridge CB22 3GN

Smith & Wallwork Ltd

Directors' Report for the Year Ended 31 March 2026

The directors present their report and the financial statements for the year ended 31 March 2026.

Directors of the company

The directors who held office during the year were as follows:

Mr Simon Leslie Smith

Mr Tristan Wallwork

Principal activity

The principal activity of the company is civil and structural engineering

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 13 May 2026 and signed on its behalf by:

......................................... Mr Simon Leslie Smith Director

Smith & Wallwork Ltd

(Registration number: 07987561)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Current assets |  |  |
Debtors | 5 | 291,425 | 282,114
Cash at bank and in hand |  | 1,066,742 | 1,193,484
|  | 1,358,167 | 1,475,598
Creditors: Amounts falling due within one year | 6 | (266,366) | (300,795)
Net assets |  | 1,091,801 | 1,174,803
Capital and reserves |  |  |
Called up share capital | 7 | 1,000 | 1,000
Retained earnings |  | 1,090,801 | 1,173,803
Shareholders' funds |  | 1,091,801 | 1,174,803

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 13 May 2026 and signed on its behalf by:

......................................... Mr Simon Leslie Smith Director

Smith & Wallwork Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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:
Cart House 2
Copley Hill Business Park
Cambridge Road
Babraham
Cambridge
CB22 3GN

The principal place of business is:
50 St Andrews Street
Cambridge
CB2 3AH

These financial statements were authorised for issue by the Board on 13 May 2026.

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 sale of goods and 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.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

Smith & Wallwork Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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.

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 | 33.3% straight line

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Smith & Wallwork Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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 19 (2025 - 18).

Smith & Wallwork Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4 | Tangible assets

| Other tangible assets £ | Total £
Cost or valuation
At 1 April 2025 | 4,250 | 4,250
At 31 March 2026 | 4,250 | 4,250
Depreciation
At 1 April 2025 | 4,250 | 4,250
At 31 March 2026 | 4,250 | 4,250
Carrying amount
At 31 March 2026 | - | -

5 | Debtors

Current | 2026 £ | 2025 £
Trade debtors | 291,425 | 282,114
| 291,425 | 282,114

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Loans and borrowings |  | 38 | 38
Trade creditors |  | 2,323 | 234
Taxation and social security |  | 111,587 | 183,894
Accruals and deferred income |  | 2,670 | 2,595
Other creditors |  | 149,748 | 114,034
|  | 266,366 | 300,795

7 | Share capital

Allotted, called up and fully paid shares

Smith & Wallwork Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

| 2026 | 2025
| No. | £ | No. | £
Ordinary A of £1 each | 700 | 700 | 700 | 700
Ordinary B of £1 each | 200 | 200 | 200 | 200
Ordinary C of £1 each | 100 | 100 | 100 | 100
| 1,000 | 1,000 | 1,000 | 1,000

8 | Dividends

|  | 2026 |  | 2025
|  | £ |  | £
Interim dividend of £150.00 (2025 - £150.00) per ordinary share |  | 150,000 |  | 150,000