REGISTERED NUMBER: SC236982 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Manson Smith Joiners Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Smith

Mr S M Smith

Mrs J Smith

REGISTERED OFFICE:

Inchgarth

29 Longside Road

Mintlaw

Peterhead

Aberdeenshire

AB42 5EJ

REGISTERED NUMBER:

SC236982 (Scotland)

ACCOUNTANTS:

SBP

Accountants

27 Finlayson Street

Fraserburgh

Aberdeenshire

AB43 9JQ

FIXED ASSETS

Tangible assets

4

71,420

88,578

CURRENT ASSETS

Stocks

-

200

Debtors

5

6,787

35,557

Cash at bank

12,111

22,187

18,898

57,944

CREDITORS

Amounts falling due within one year

6

42,815

48,220

NET CURRENT (LIABILITIES)/ASSETS

(23,917

)

9,724

TOTAL ASSETS LESS CURRENT LIABILITIES

47,503

98,302

CREDITORS

Amounts falling due after more than one year

7

(7,862

)

(23,585

)

PROVISIONS FOR LIABILITIES

8

(13,570

)

(18,764

)

NET ASSETS

26,071

55,953

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

26,061

55,943

SHAREHOLDERS' FUNDS

26,071

55,953

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2026 and were signed on its behalf by:

Mrs J Smith - Director

1.	STATUTORY INFORMATION

Manson Smith Joiners Ltd. is a private company, limited by shares , registered in Scotland. 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 represents net invoiced work done in respect of the provision of joinery and related building services, excluding value added tax. Work in progress is recognised and included in turnover when the value of work completed can be established with a reasonable degree of certainty and when payment could reasonably be expected to be obtained.

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 the shorter.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Stock & work in progress

Stock of materials and work in progress are valued at the lower of cost and net realisable value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

122,572

77,627

2,181

202,380

Additions

540

-

-

540

Disposals

(1,265

)

-

-

(1,265

)

At 31 December 2025

121,847

77,627

2,181

201,655

DEPRECIATION

At 1 January 2025

67,491

44,201

2,110

113,802

Charge for year

8,178

8,356

71

16,605

Eliminated on disposal

(172

)

-

-

(172

)

At 31 December 2025

75,497

52,557

2,181

130,235

NET BOOK VALUE

At 31 December 2025

46,350

25,070

-

71,420

At 31 December 2024

55,081

33,426

71

88,578

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

Motor

vehicles

£

COST

At 1 January 2025

and 31 December 2025

53,877

DEPRECIATION

At 1 January 2025

23,571

Charge for year

7,575

At 31 December 2025

31,146

NET BOOK VALUE

At 31 December 2025

22,731

At 31 December 2024

30,306

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

5,881

35,230

Other debtors

906

327

6,787

35,557

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

15,723

15,723

Trade creditors

445

1,397

Taxation and social security

8,101

22,908

Other creditors

18,546

8,192

42,815

48,220

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

7,862

23,585

8.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

13,570

18,764

Deferred

tax

£

Balance at 1 January 2025

18,764

Provided during year

(5,194

)

Balance at 31 December 2025

13,570

9.	RELATED PARTY DISCLOSURES

The directors operate current accounts with the company and as at the financial year end, the combined balance owing to them was £13,749. There are no fixed terms of repayment and no interest is accrued.

During the course of the year, sales transactions totalling £114,391 were made to the directors Mr M.Smith and Mrs J.Smith in respect of materials supplied. All transactions were carried out under normal commercial terms.

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by the director, Mr M Smith.