Company registration number: 01346680
Annual report and unaudited financial statements
for the year ended 31 March 2026
for
Smithfield Tractors (Builth Wells) Limited
Pages for filing with the Registrar
Company registration number: 01346680
Smithfield Tractors (Builth Wells) Limited
Balance sheet
as at 31 March 2026
2026 2025
Note £ £ £ £
Fixed assets
Tangible assets 4 134,371 121,142
134,371 121,142
Current assets
Stocks 353,537 304,236
Debtors 323,884 326,870
Cash at bank and in hand 478,328 733,484
1,155,749 1,364,590
Creditors: amounts falling due within one year
(407,273) (532,668)
Net current assets 748,476 831,922
Total assets less current liabilities 882,847 953,064
NET ASSETS 882,847 953,064
Capital and reserves
Called up share capital 32,000 32,000
Other reserves 8,000 8,000
Profit and loss account 842,847 913,064
TOTAL EQUITY 882,847 953,064
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2026.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 01346680
Smithfield Tractors (Builth Wells) Limited
Balance sheet - continued
as at 31 March 2026
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 1 July 2026 and signed on its behalf by:
Mr T Hughes, Director
1 July 2026
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Smithfield Tractors (Builth Wells) Limited
Notes to the financial statements
for the year ended 31 March 2026
1 Company information
Smithfield Tractors (Builth Wells) Limited is a private company registered in England and Wales. Its registered number is 01346680. The company is limited by shares. Its registered office is The Garage, Llanelwedd, Builth Wells, Powys, LD2 3SR.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
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.
Land and buildings:
Freehold property - 2% straight line
Plant and machinery etc.:
Plant and machinery - 20% reducing balance
Motor vehicles - 20% 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.
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Smithfield Tractors (Builth Wells) Limited
Notes to the financial statements - continued
for the year ended 31 March 2026
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
3 Average number of employees
During the year the average number of employees was 10 (2025 - 10).
4 Tangible fixed assets
Land and buildings
Plant and machinery etc.

Totals
£ £ £
Cost
At 1 April 2025 136,605 281,758 418,363
Additions - 25,695 25,695
At 31 March 2026 136,605 307,453 444,058
Depreciation
At 1 April 2025 43,696 253,525 297,221
Charge for year 1,680 10,786 12,466
At 31 March 2026 45,376 264,311 309,687
Net book value
At 31 March 2026 91,229 43,142 134,371
At 31 March 2025 92,909 28,233 121,142
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