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Registered number: 11582073
SMD & SONS CONSTRUCTION LIMITED
Financial Statements
For The Year Ended 31 October 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11582073
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,806,935 1,952,897
1,806,935 1,952,897
CURRENT ASSETS
Stocks 5 25,884 509,400
Debtors 6 1,207,100 573,654
Cash at bank and in hand 328,085 23,525
1,561,069 1,106,579
Creditors: Amounts Falling Due Within One Year 7 (982,196 ) (718,737 )
NET CURRENT ASSETS (LIABILITIES) 578,873 387,842
TOTAL ASSETS LESS CURRENT LIABILITIES 2,385,808 2,340,739
Creditors: Amounts Falling Due After More Than One Year 8 (428,408 ) (928,979 )
NET ASSETS 1,957,400 1,411,760
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 1,957,399 1,411,759
SHAREHOLDERS' FUNDS 1,957,400 1,411,760
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For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Stephen Mcdermott
Director
18/06/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
SMD & SONS CONSTRUCTION LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 11582073 . The registered office is T/A Smd Scaffolding Thames Industrial Park, Princess Margaret Road, East Tilbury, RM18 8RH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance method
Motor Vehicles 25% reducing balance method
Computer Equipment 25% reducing balance method
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 7)
2 7
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2024 2,544,161 816,437 14,823 3,375,421
Additions 194,246 143,474 7,252 344,972
As at 31 October 2025 2,738,407 959,911 22,075 3,720,393
Depreciation
As at 1 November 2024 1,067,742 348,175 6,607 1,422,524
Provided during the period 334,133 152,934 3,867 490,934
As at 31 October 2025 1,401,875 501,109 10,474 1,913,458
Net Book Value
As at 31 October 2025 1,336,532 458,802 11,601 1,806,935
As at 1 November 2024 1,476,419 468,262 8,216 1,952,897
5. Stocks
2025 2024
£ £
Work in progress 25,884 509,400
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 888,134 356,962
Prepayments and accrued income 55,459 60,037
Other debtors 161,183 57,250
VAT 102,324 99,405
1,207,100 573,654
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 474,988 438,754
Trade creditors 335,351 174,409
Bank loans and overdrafts 94,288 80,321
Corporation tax 35,396 1,096
Taxes and social security 42,173 22,143
Accruals - 2,014
982,196 718,737
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 289,533 462,363
Other creditors - 261,171
Bank Loans & overdraft 138,875 205,445
428,408 928,979
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 474,988 438,754
Later than one year and not later than five years 289,533 462,363
764,521 901,117
764,521 901,117
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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11. Ultimate Controlling Party
The company's ultimate controlling party is SMD Group Holdings Ltd by virtue of its ownership of 100% of the issued share capital in the company.
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