REGISTERED NUMBER: 04871897 (England and Wales)

JH SMITHSON & SON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

M J Smithson

T J Smithson

REGISTERED OFFICE:

Work Store

Church Lane

Corringham

Gainsborough

Lincolnshire

DN21 5RA

REGISTERED NUMBER:

04871897 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

14 London Road

Newark

Nottinghamshire

NG24 1TW

FIXED ASSETS

Property, plant and equipment

4

61,159

75,600

CURRENT ASSETS

Inventories

5,239

6,886

Debtors

5

74,473

109,207

Cash at bank

3,456

2,758

83,168

118,851

CREDITORS

Amounts falling due within one year

6

(119,064

)

(116,446

)

NET CURRENT (LIABILITIES)/ASSETS

(35,896

)

2,405

TOTAL ASSETS LESS CURRENT LIABILITIES

25,263

78,005

PROVISIONS FOR LIABILITIES

(13,792

)

(17,236

)

NET ASSETS

11,471

60,769

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

11,371

60,669

SHAREHOLDERS' FUNDS

11,471

60,769

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 11 May 2026 and were signed on its behalf by:

M J Smithson - Director

1.	STATUTORY INFORMATION

JH Smithson & Son 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.

Revenue

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

Revenue is recognised when significant risks and rewards have passed to the customer, the amount of revenue can be measured reliably, it is probable that the economic benefit associated with the transaction will flow to the company, and that the cost incurred, or to be incurred, in respect of the transaction, can be measured reliably.

Property, plant and equipment

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

Plant and machinery etc

-

25% on reducing balance, 25% on cost, 20% on reducing balance and 10% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Inventories

Inventories are valued at the lower of cost and estimated selling price less costs to complete and sell and 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 7 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 October 2024

140,975

Additions

2,832

At 30 September 2025

143,807

DEPRECIATION

At 1 October 2024

65,375

Charge for year

17,273

At 30 September 2025

82,648

NET BOOK VALUE

At 30 September 2025

61,159

At 30 September 2024

75,600

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

53,218

50,952

Other debtors

21,255

58,255

74,473

109,207

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

19,011

35,548

Taxation and social security

50,179

30,390

Other creditors

49,874

50,508

119,064

116,446

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

Value:

£

£

45

Ordinary A

£1

45

45

45

Ordinary B

£1

45

45

10

Ordinary C

£1

10

10

Total

100

100

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2025 and 30 September 2024:

2025

2024

£

£

M J Smithson

Balance outstanding at start of year

44,470

65,363

Amounts repaid

(38,767

)

(20,893

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,703

44,470