Richard Smith (Bilbrook) Limited

(Registration number: 07021935)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	3	43,826	54,783
Tangible assets	4	34,063	40,073
		77,889	94,856
Current assets
Stocks	5	14,997	14,472
Debtors	6	12,926	5,187
Cash at bank and in hand		1,175,412	877,102
		1,203,335	896,761
Creditors: Amounts falling due within one year	7	(205,251)	(188,094)
Net current assets		998,084	708,667
Total assets less current liabilities		1,075,973	803,523
Provisions for liabilities		(8,516)	(10,018)
Net assets		1,067,457	793,505
Capital and reserves
Called up share capital		100	100
Retained earnings		1,067,357	793,405
Shareholders' funds		1,067,457	793,505

Richard Smith (Bilbrook) Limited

(Registration number: 07021935)
Balance Sheet as at 31 December 2025

For the financial year ending 31 December 2025 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 June 2026

......................................... Mr R W Smith Director

Richard Smith (Bilbrook) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	Accounting policies

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.

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
Fixtures and fittings	15% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	Over 20 years

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Richard Smith (Bilbrook) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

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.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 9 (2024 - 9).

3	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 January 2025	219,138	219,138
At 31 December 2025	219,138	219,138
Amortisation
At 1 January 2025	164,355	164,355
Amortisation charge	10,957	10,957
At 31 December 2025	175,312	175,312
Carrying amount
At 31 December 2025	43,826	43,826
At 31 December 2024	54,783	54,783

Richard Smith (Bilbrook) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2025	85,943	85,943
At 31 December 2025	85,943	85,943
Depreciation
At 1 January 2025	45,870	45,870
Charge for the year	6,010	6,010
At 31 December 2025	51,880	51,880
Carrying amount
At 31 December 2025	34,063	34,063
At 31 December 2024	40,073	40,073

5

Stocks

	2025 £	2024 £
Other inventories	14,997	14,472

6

Debtors

	2025 £	2024 £
Prepayments	2,269	1,096
Other debtors	10,657	4,091
	12,926	5,187

Richard Smith (Bilbrook) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	40,558	35,968
Taxation and social security	155,765	139,281
Accruals and deferred income	5,227	5,950
Other creditors	3,701	6,895
	205,251	188,094