Company Registration No. 13420221 (England and Wales)
John Smale & Co Ltd
Unaudited accounts
for the year ended 31 August 2025
John Smale & Co Ltd
Unaudited accounts
Contents
John Smale & Co Ltd
Company Information
for the year ended 31 August 2025
Company Number
13420221 (England and Wales)
Registered Office
5 Cross Street
Barnstaple
Devon
EX31 1BA
England
Accountants
P10 Accountancy Ltd
Egerton House
68 Baker Street
Weybridge
KT13 8AL
John Smale & Co Ltd
Statement of financial position
as at 31 August 2025
Intangible assets
28,000
42,000
Tangible assets
2,013
9,759
Cash at bank and in hand
25,043
45,482
Creditors: amounts falling due within one year
(21,309)
(41,621)
Net current assets
16,223
8,280
Total assets less current liabilities
46,236
60,039
Creditors: amounts falling due after more than one year
(161,461)
(112,950)
Net liabilities
(115,225)
(52,911)
Called up share capital
1
1
Profit and loss account
(115,226)
(52,912)
Shareholders' funds
(115,225)
(52,911)
For the year ending 31 August 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 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 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 and authorised for issue on 16 July 2026 and were signed on its behalf by
S J Smith
Director
Company Registration No. 13420221
John Smale & Co Ltd
Notes to the Accounts
for the year ended 31 August 2025
John Smale & Co Ltd is a private company, limited by shares, registered in England and Wales, registration number 13420221. The registered office is 5 Cross Street, Barnstaple, Devon, EX31 1BA, England.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill
is amortised over its useful life of 5 years.
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:
Motor vehicles
25% Straight Line
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short
term liquid investments with original maturities of three months or less, and bank & overdrafts. Bank overdrafts are shown within
borrowings in current liabilities.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
John Smale & Co Ltd
Notes to the Accounts
for the year ended 31 August 2025
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
4
Intangible fixed assets
Goodwill
At 1 September 2024
70,000
At 1 September 2024
28,000
Charge for the year
14,000
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2024
10,065
6,023
4,076
20,164
Disposals
(10,065)
-
(750)
(10,815)
At 31 August 2025
-
6,023
3,576
9,599
At 1 September 2024
5,032
3,012
2,361
10,405
Charge for the year
-
1,506
894
2,400
On disposals
(5,032)
-
(187)
(5,219)
At 31 August 2025
-
4,518
3,068
7,586
At 31 August 2025
-
1,505
508
2,013
At 31 August 2024
5,033
3,011
1,715
9,759
Amounts falling due within one year
Trade debtors
12,293
4,418
John Smale & Co Ltd
Notes to the Accounts
for the year ended 31 August 2025
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
2,921
16,045
Taxes and social security
-
1,449
Loans from directors
9,532
9,750
8
Creditors: amounts falling due after more than one year
2025
2024
Amounts owed to group undertakings and other participating interests
161,461
112,950
9
Average number of employees
During the year the average number of employees was 5 (2024: 4).