Company Registration No. 14440804 (England and Wales)
K S Smith & Sons Limited
Unaudited accounts
for the year ended 30 November 2025
K S Smith & Sons Limited
Unaudited accounts
Contents
K S Smith & Sons Limited
Company Information
for the year ended 30 November 2025
Directors
Mr K. Smith
Mr H. Smith
Mr S. Smith
Company Number
14440804 (England and Wales)
Registered Office
72 Campden Road
Shipston-On-Stour
Warwickshire
CV36 4DH
United Kingdom
Accountants
Stephen Beard Accountancy Services
10 Cheshire Road
Thame
Oxon
OX9 3LQ
K S Smith & Sons Limited
Statement of financial position
as at 30 November 2025
Intangible assets
51,100
58,400
Tangible assets
17,625
9,417
Cash at bank and in hand
15,211
5,466
Creditors: amounts falling due within one year
(53,771)
(71,012)
Net current liabilities
(19,158)
(45,193)
Total assets less current liabilities
49,567
22,624
Creditors: amounts falling due after more than one year
(9,856)
(5,498)
Provisions for liabilities
Deferred tax
(3,418)
(1,150)
Called up share capital
150
150
Profit and loss account
36,143
15,826
Shareholders' funds
36,293
15,976
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 August 2026 and were signed on its behalf by
Mr K. Smith
Director
Company Registration No. 14440804
K S Smith & Sons Limited
Notes to the Accounts
for the year ended 30 November 2025
K S Smith & Sons Limited is a private company, limited by shares, registered in England and Wales, registration number 14440804. The registered office is 72 Campden Road, Shipston-On-Stour, Warwickshire, CV36 4DH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight line basis
Motor vehicles
25% Reducing balance basis
Computer equipment
20% Straight line basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
K S Smith & Sons Limited
Notes to the Accounts
for the year ended 30 November 2025
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
At 30 November 2025
73,000
At 30 November 2025
21,900
At 30 November 2025
51,100
At 30 November 2024
58,400
Goodwill on incorporation is being written off over 10 years.
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2024
582
13,376
823
14,781
Additions
-
10,599
611
11,210
At 30 November 2025
582
23,314
1,434
25,330
At 1 December 2024
237
4,798
329
5,364
Charge for the year
115
2,365
243
2,723
On disposals
-
(382)
-
(382)
At 30 November 2025
352
6,781
572
7,705
At 30 November 2025
230
16,533
862
17,625
At 30 November 2024
345
8,578
494
9,417
Work in progress
5,600
5,000
K S Smith & Sons Limited
Notes to the Accounts
for the year ended 30 November 2025
Amounts falling due within one year
Trade debtors
10,037
13,057
Accrued income and prepayments
1,445
296
8
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
5,620
4,621
Trade creditors
6,130
10,740
Taxes and social security
17,037
14,165
Loans from directors
13,311
22,611
9
Creditors: amounts falling due after more than one year
2025
2024
10
Deferred taxation
2025
2024
Accelerated capital allowances
3,418
1,150
Provision at start of year
1,150
1,670
Charged/(credited) to the profit and loss account
2,268
(520)
Provision at end of year
3,418
1,150
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Average number of employees
During the year the average number of employees was 4 (2024: 3).