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Company Registration No. 03615996 (England and Wales)
Jamie Smith Estates Limited Unaudited accounts for the year ended 31 August 2025
Jamie Smith Estates Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Jamie Smith Estates Limited Company Information for the year ended 31 August 2025
Director
Mr J.L. Smith
Company Number
03615996 (England and Wales)
Registered Office
Ferry Cottage, Lashbrook Road Lower Shiplake Henley-On-Thames Oxfordshire RG9 3NX England
Accountants
Stephen Beard Accountancy Services 10 Cheshire Road Thame Oxon OX9 3LQ
- 3 -
Jamie Smith Estates Limited Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
193,712
239,750
Current assets
Inventories
5
2,808,860
2,990,905
Debtors
6
1,318,139
541,737
Cash at bank and in hand
252,442
122,862
4,379,441
3,655,504
Creditors: amounts falling due within one year
7
(517,997)
(210,028)
Net current assets
3,861,444
3,445,476
Total assets less current liabilities
4,055,156
3,685,226
Creditors: amounts falling due after more than one year
8
(1,802,962)
(1,250,919)
Provisions for liabilities
Deferred tax
9
-
(32,980)
Net assets
2,252,194
2,401,327
Capital and reserves
Called up share capital
1,100
1,100
Profit and loss account
2,251,094
2,400,227
Shareholders' funds
2,252,194
2,401,327
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 May 2026 and were signed on its behalf by
Mr J.L. Smith Director Company Registration No. 03615996
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Jamie Smith Estates Limited Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
Jamie Smith Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 03615996. The registered office is Ferry Cottage, Lashbrook Road, Lower Shiplake, Henley-On-Thames, Oxfordshire, RG9 3NX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Computer equipment
25% Reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
Jamie Smith Estates Limited Notes to the Accounts for the year ended 31 August 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 September 2024
98,031
391,238
9,997
499,266
Additions
1,893
130,945
3,868
136,706
Disposals
-
(192,200)
-
(192,200)
At 31 August 2025
99,924
329,983
13,865
443,772
Depreciation
At 1 September 2024
83,134
168,945
7,437
259,516
Charge for the year
4,198
55,287
1,607
61,092
On disposals
-
(70,548)
-
(70,548)
At 31 August 2025
87,332
153,684
9,044
250,060
Net book value
At 31 August 2025
12,592
176,299
4,821
193,712
At 31 August 2024
14,897
222,293
2,560
239,750
2025
2024
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
175,749
221,560
5
Inventories
2025
2024
£
£
Work in progress
2,808,860
2,990,905
2,808,860
2,990,905
- 6 -
Jamie Smith Estates Limited Notes to the Accounts for the year ended 31 August 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
19,438
21,497
Deferred tax asset
18,874
-
Accrued income and prepayments
10,995
15,179
Other debtors
1,249,332
505,061
1,298,639
541,737
Amounts falling due after more than one year
Other debtors
19,500
-
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
282,998
-
Obligations under finance leases and hire purchase contracts
39,605
53,980
Trade creditors
104,195
90,200
Taxes and social security
34,344
30,660
Other creditors
38,544
33,064
Accruals
18,311
2,124
517,997
210,028
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
1,682,106
1,099,054
Obligations under finance leases and hire purchase contracts
120,856
151,865
1,802,962
1,250,919
There are fixed charges over the freehold land and buildings, floating charges and negative pledges as security against the loans.
9
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
15,892
32,980
Tax losses carried forward
(34,766)
-
(18,874)
32,980
2025
2024
£
£
Provision at start of year
32,980
26,521
(Credited)/charged to the profit and loss account
(51,854)
6,459
Provision at end of year
(18,874)
32,980
- 7 -
Jamie Smith Estates Limited Notes to the Accounts for the year ended 31 August 2025
10
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Mr J.L. Smith
Director's loan account
85,228
70,558
31,480
124,306
85,228
70,558
31,480
124,306
11
Average number of employees
During the year the average number of employees was 3 (2024: 3).
- 8 -