REGISTERED NUMBER: 08965043 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

A B SMITH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A B Smith

B A Smith

REGISTERED OFFICE:

52 Hawkwell Road

Hockley

Essex

SS5 4DA

REGISTERED NUMBER:

08965043 (England and Wales)

ACCOUNTANTS:

Segrave & Partners LLP

Chartered Accountants

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

FIXED ASSETS

Tangible assets

4

203,279

128,756

CURRENT ASSETS

Stocks

5,990

4,120

Debtors

5

338,104

240,866

Cash at bank

68,847

-

412,941

244,986

CREDITORS

Amounts falling due within one year

6

229,227

179,737

NET CURRENT ASSETS

183,714

65,249

TOTAL ASSETS LESS CURRENT LIABILITIES

386,993

194,005

CREDITORS

Amounts falling due after more than one year

7

15,917

28,501

NET ASSETS

371,076

165,504

CAPITAL AND RESERVES

Called up share capital

11

11

Retained earnings

10

371,065

165,493

SHAREHOLDERS' FUNDS

371,076

165,504

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2026 and were signed on its behalf by:

A B Smith - Director

1.	STATUTORY INFORMATION

A B Smith Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant & machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

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

Hire purchase and leasing commitments

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant &

Motor

Office

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

87,411

154,119

6,322

247,852

Additions

71,308

132,439

6,253

210,000

Disposals

(32,050

)

(92,679

)

-

(124,729

)

At 31 March 2026

126,669

193,879

12,575

333,123

DEPRECIATION

At 1 April 2025

47,215

67,146

4,735

119,096

Charge for year

22,484

43,635

2,913

69,032

Eliminated on disposal

(10,483

)

(47,801

)

-

(58,284

)

At 31 March 2026

59,216

62,980

7,648

129,844

NET BOOK VALUE

At 31 March 2026

67,453

130,899

4,927

203,279

At 31 March 2025

40,196

86,973

1,587

128,756

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2025

67,379

Disposals

(27,189

)

At 31 March 2026

40,190

DEPRECIATION

At 1 April 2025

28,635

Charge for year

7,536

Eliminated on disposal

(18,587

)

At 31 March 2026

17,584

NET BOOK VALUE

At 31 March 2026

22,606

At 31 March 2025

38,744

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

276,787

201,304

Other debtors

-

14,527

VAT

46,204

15,385

Prepayments

15,113

9,650

338,104

240,866

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

3,537

33,584

Hire purchase contracts (see note 8)

9,095

12,393

Trade creditors

105,958

12,849

Tax

80,198

52,648

Social security and other taxes

10,840

7,642

Other creditors

-

5,502

Directors' current accounts

14,054

23,600

Deferred income

-

27,600

Accrued expenses

5,545

3,919

229,227

179,737

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other loans

-

3,489

Hire purchase contracts (see note 8)

15,917

25,012

15,917

28,501

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

9,095

12,393

Between one and five years

15,917

25,012

25,012

37,405

Non-cancellable

operating leases

2026

2025

£

£

Within one year

40,042

29,499

Between one and five years

32,845

49,165

72,887

78,664

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

25,012

37,405

The hire purchase contracts are secured against the assets to which they relate.

10.

RESERVES

Retained

earnings

£

At 1 April 2025

165,493

Profit for the year

307,572

Dividends

(102,000

)

At 31 March 2026

371,065