SMR Projects Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04276384 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

SMR PROJECTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Finch

Mrs C Finch

SECRETARY:

Mr M Finch

REGISTERED OFFICE:

SMR House

Beaumont Close

BANBURY

Oxfordshire

OX16 1TG

REGISTERED NUMBER:

04276384 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Tangible assets

4

1,359,631

1,386,852

CURRENT ASSETS

Stocks

197,027

173,613

Debtors

5

366,510

349,365

Cash at bank

75,221

141,616

638,758

664,594

CREDITORS

Amounts falling due within one year

6

320,305

158,196

NET CURRENT ASSETS

318,453

506,398

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,678,084

1,893,250

CREDITORS

Amounts falling due after more than one
year

7

(234,021

)

(273,286

)

PROVISIONS FOR LIABILITIES

-

(8,287

)

NET ASSETS

1,444,063

1,611,677

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

1,443,963

1,611,577

SHAREHOLDERS' FUNDS

1,444,063

1,611,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 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 29 May 2026 and were signed on its behalf by:

Mr M Finch - Director

1.	STATUTORY INFORMATION

SMR Projects 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Improvements to property

-

not provided

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Freehold property is depreciated over its estimated useful life of 50 years, however in the opinion of the directors the residual value of the freehold property after 50 years is not materially different to the current value, and therefore no depreciation has been provided.

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 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

machinery

£

COST

At 1 September 2024

1,020,590

195,746

64,424

Additions

-

At 31 August 2025

1,020,590

195,746

64,424

DEPRECIATION

At 1 September 2024

-

48,190

Charge for year

-

4,058

At 31 August 2025

-

52,248

NET BOOK VALUE

At 31 August 2025

1,020,590

195,746

12,176

At 31 August 2024

1,020,590

195,746

16,234

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 September 2024

296,488

101,979

140,820

1,820,047

Additions

216

-

6,978

7,194

At 31 August 2025

296,704

101,979

147,798

1,827,241

DEPRECIATION

At 1 September 2024

196,599

71,089

117,317

433,195

Charge for year

15,016

7,720

7,621

34,415

At 31 August 2025

211,615

78,809

124,938

467,610

NET BOOK VALUE

At 31 August 2025

85,089

23,170

22,860

1,359,631

At 31 August 2024

99,889

30,890

23,503

1,386,852

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Trade debtors

264,786

243,946

Amounts owed by group undertakings

47,518

Other loans

25,000

Directors' current accounts

20,443

Tax

415

-

Prepayments

8,348

12,458

366,510

349,365

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Bank loans and overdrafts

34,000

Trade creditors

240,681

63,808

Tax

-

389

Social security and other taxes

11,480

1,963

VAT

23,630

47,693

Other creditors

2,454

2,363

Accruals and deferred income

8,060

7,980

320,305

158,196

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.8.25

31.8.24

£

Bank loans - 1-2 years

34,000

Bank loans - 2-5 years

102,000

Bank loans more 5 yr by instal

98,021

137,286

234,021

273,286

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

98,021

137,286

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

Bank loans

268,021

307,286

The bank loan is secured by a debenture dated 5 January 2017, and a charge dated 14 February 2017, both in favour of Svenska Handelsbanken AB, containing a fixed charge over the freehold property of the company, and also a floating charge over all of the property or undertaking of the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

100

Ordinary

£1

100

10.	RELATED PARTY DISCLOSURES

SMR Projects Limited and SMR Group Limited are deemed to be related parties in accordance with the Financial Reporting Standard 102 by virtue of SMR Group Limited owning 100% of the issued share capital of SMR Projects Limited.

At 31 August 2025, SMR Group Limited owed SMR Projects Limited £2,406 (2024 - £2,406) and is included within debtors.

SMR Properties Limited is also a wholly owned subsidiary of SMR Group Limited. At 31 August 2025, SMR Properties Limited owed SMR Projects Limited £45,112 (2024 - £45,112) and is included within debtors.