REGISTERED NUMBER: 08500349 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Midson & Smith Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Midson

Mr N Smith

REGISTERED OFFICE:

Unit 33 Century Business Centre

Century Business Park

Manvers

Rotherham

South Yorkshire

S63 5DA

REGISTERED NUMBER:

08500349 (England and Wales)

FIXED ASSETS

Tangible assets

4

13,988

21,487

Investment property

5

419,971

360,000

433,959

381,487

CURRENT ASSETS

Stocks

120,706

572,286

Debtors

6

9,393

4,760

Cash at bank

197,661

9,479

327,760

586,525

CREDITORS

Amounts falling due within one year

7

448,833

695,170

NET CURRENT LIABILITIES

(121,073

)

(108,645

)

TOTAL ASSETS LESS CURRENT LIABILITIES

312,886

272,842

PROVISIONS FOR LIABILITIES

15,102

35,204

NET ASSETS

297,784

237,638

CAPITAL AND RESERVES

Called up share capital

8

20

20

Revaluation reserve

9

60,407

140,815

Retained earnings

9

237,357

96,803

SHAREHOLDERS' FUNDS

297,784

237,638

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 21 July 2026 and were signed on its behalf by:

Mr M Midson - Director

1.	STATUTORY INFORMATION

Midson & Smith 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.

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 as modified by the revaluation of certain assets.

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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.

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 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2024

and 31 October 2025

29,998

DEPRECIATION

At 1 November 2024

8,511

Charge for year

7,499

At 31 October 2025

16,010

NET BOOK VALUE

At 31 October 2025

13,988

At 31 October 2024

21,487

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

360,000

Additions

249,971

Disposals

(109,593

)

Revaluations

(80,407

)

At 31 October 2025

419,971

NET BOOK VALUE

At 31 October 2025

419,971

At 31 October 2024

360,000

Fair value at 31 October 2025 is represented by:

£

Valuation in 2023

195,815

Valuation in 2024

(55,000

)

Valuation in 2025

(80,407

)

Cost

359,563

419,971

If investment property had not been revalued it would have been included at the following historical cost:

31.10.25

31.10.24

£

£

Cost

219,185

219,185

Investment property was valued on an open market basis on 31 October 2023 by the directors. .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Other debtors

9,393

4,760

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade creditors

22,254

14,650

Taxation and social security

41,602

19,449

Other creditors

384,977

661,071

448,833

695,170

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

£

20

Ordinary

£1

20

20

9.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 November 2024

96,803

140,815

237,618

Profit for the year

60,147

60,147

Revaluation

80,407

(80,408

)

(1

)

At 31 October 2025

237,357

60,407

297,764