REGISTERED NUMBER: 08782725 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2025

FOR

S M W CONSTRUCTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M D Willacy

Mr S Walsh

REGISTERED OFFICE:

17 Moor Park Avenue

Preston

Lancashire

PR1 6AS

REGISTERED NUMBER:

08782725 (England and Wales)

ACCOUNTANTS:

SBCA Chartered Accountants

17 Moor Park Avenue

Preston

Lancashire

PR1 6AS

FIXED ASSETS

Tangible assets

4

68,549

8,503

CURRENT ASSETS

Stocks

5

6,000

6,000

Debtors

6

63,249

24,322

Cash at bank

76,868

6,308

146,117

36,630

CREDITORS

Amounts falling due within one year

7

(126,424

)

(33,553

)

NET CURRENT ASSETS

19,693

3,077

TOTAL ASSETS LESS CURRENT LIABILITIES

88,242

11,580

CREDITORS

Amounts falling due after more than one year

8

(59,400

)

(5,268

)

PROVISIONS FOR LIABILITIES

10

(17,426

)

(2,126

)

NET ASSETS

11,416

4,186

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

12

11,316

4,086

SHAREHOLDERS' FUNDS

11,416

4,186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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 18th August 2026 and were signed on its behalf by:

Mr M D Willacy - Director

Mr S Walsh - Director

1.	STATUTORY INFORMATION

S M W Construction 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.

Turnover

Turnover represents the value, excluding value added tax, of services and materials provided during the period.

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

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on 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.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st December 2024

4,082

15,000

473

19,555

Additions

-

84,870

-

84,870

Disposals

-

(2,500

)

-

(2,500

)

At 30th November 2025

4,082

97,370

473

101,925

DEPRECIATION

At 1st December 2024

1,625

9,167

260

11,052

Charge for year

1,019

23,230

54

24,303

Eliminated on disposal

-

(1,979

)

-

(1,979

)

At 30th November 2025

2,644

30,418

314

33,376

NET BOOK VALUE

At 30th November 2025

1,438

66,952

159

68,549

At 30th November 2024

2,457

5,833

213

8,503

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

Motor

vehicles

£

COST

Additions

85,650

At 30th November 2025

85,650

DEPRECIATION

Charge for year

19,628

At 30th November 2025

19,628

NET BOOK VALUE

At 30th November 2025

66,022

5.

STOCKS

30.11.25

30.11.24

£

£

Stocks

6,000

6,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

57,051

160

Other debtors

6,198

24,162

63,249

24,322

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

5,000

5,075

Hire purchase contracts (see note 9)

11,453

-

Trade creditors

47,448

15,553

Taxation and social security

45,838

8,213

Other creditors

16,685

4,712

126,424

33,553

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans

343

5,268

Hire purchase contracts (see note 9)

59,057

-

59,400

5,268

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.11.25

30.11.24

£

£

Net obligations repayable:

Within one year

11,453

-

Between one and five years

59,057

-

70,510

-

Non-cancellable

operating leases

30.11.25

30.11.24

£

£

Within one year

-

6,789

10.	PROVISIONS FOR LIABILITIES

30.11.25

30.11.24

£

£

Deferred tax

17,426

2,126

Deferred

tax

£

Balance at 1st December 2024

2,126

Charge to Statement of Income and Retained Earnings during year

15,300

Balance at 30th November 2025

17,426

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

100

Ordinary

£1

100

100

12.

RESERVES

Retained

earnings

£

At 1st December 2024

4,086

Profit for the year

57,230

Dividends

(50,000

)

At 30th November 2025

11,316

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th November 2025 and 30th November 2024:

30.11.25

30.11.24

£

£

Mr M D Willacy

Balance outstanding at start of year

(803

)

(2,903

)

Amounts advanced

43,189

37,602

Amounts repaid

(52,203

)

(35,502

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(9,817

)

(803

)

Mr S Walsh

Balance outstanding at start of year

2,696

1,626

Amounts advanced

33,970

24,077

Amounts repaid

(39,994

)

(23,007

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(3,328

)

2,696

The maximum balance the Directors Loan Accounts was overdrawn by during the year was £9,449. No interest has been charged on overdrawn amounts.