REGISTERED NUMBER: 00530908 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

Smith Means Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R J S Means

Mr R S Means

SECRETARY:

REGISTERED OFFICE:

Oaks Farm

Pincushion Drove

Outwell

Wisbech

Cambridgeshire

PE14 8QQ

REGISTERED NUMBER:

00530908 (England and Wales)

ACCOUNTANTS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

FIXED ASSETS

Tangible assets

4

2,449,832

2,607,359

Investments

5

62,312

62,312

2,512,144

2,669,671

CURRENT ASSETS

Stocks

708,294

799,787

Debtors

209,625

227,094

Cash at bank

637,034

459,643

1,554,953

1,486,524

CREDITORS

Amounts falling due within one year

310,498

415,566

NET CURRENT ASSETS

1,244,455

1,070,958

TOTAL ASSETS LESS CURRENT LIABILITIES

3,756,599

3,740,629

CREDITORS

Amounts falling due after more than one year

(108,074

)

(214,493

)

PROVISIONS FOR LIABILITIES

6

(259,434

)

(297,798

)

NET ASSETS

3,389,091

3,228,338

CAPITAL AND RESERVES

Called up share

7

1,291

1,291

Revaluation reserve

8

7,683

7,683

Retained earnings

3,380,117

3,219,364

SHAREHOLDERS' FUNDS

3,389,091

3,228,338

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 April 2026 and were signed on its behalf by:

Mr R J S Means - Director

Mr R S Means - Director

1.	STATUTORY INFORMATION

Smith Means 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Sugar beet entitlement have been fully amortised in the current year.

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 shorter.

Improvements to property 10% straight line

Plant & machinery 25% reducing balance

Fixtures & fittings 25% reducing balance

Motor vehicles 25% reducing balance

Tractors & combines 15% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 6 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2025

4,059,046

Additions

92,934

Disposals

(42,500

)

At 31 January 2026

4,109,480

DEPRECIATION

At 1 February 2025

1,451,687

Charge for year

217,318

Eliminated on disposal

(9,357

)

At 31 January 2026

1,659,648

NET BOOK VALUE

At 31 January 2026

2,449,832

At 31 January 2025

2,607,359

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

Totals

£

COST

At 1 February 2025

632,952

Disposals

(4,000

)

At 31 January 2026

628,952

DEPRECIATION

At 1 February 2025

99,267

Charge for year

85,486

Eliminated on disposal

(329

)

At 31 January 2026

184,424

NET BOOK VALUE

At 31 January 2026

444,528

At 31 January 2025

533,685

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 February 2025

and 31 January 2026

89,981

PROVISIONS

At 1 February 2025

and 31 January 2026

27,669

NET BOOK VALUE

At 31 January 2026

62,312

At 31 January 2025

62,312

6.	PROVISIONS FOR LIABILITIES

31.1.26

31.1.25

£

£

Deferred tax

259,434

297,798

Deferred

tax

£

Balance at 1 February 2025

297,798

Credit to Income Statement during year

(38,364

)

Movement

Balance at 31 January 2026

259,434

7.	CALLED UP SHARE

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

£

1,291

Ordinary

£1.00

1,291

1,291

8.

RESERVES

Revaluation

reserve

£

At 1 February 2025

and 31 January 2026

7,683