REGISTERED NUMBER: 07094640 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

SMETHURST CONTRACTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Smethurst

REGISTERED OFFICE:

15 Buxton Old Road

Disley

Stockport

SK12 2BB

REGISTERED NUMBER:

07094640 (England and Wales)

ACCOUNTANTS:

DHP Accountants Ltd

15 Buxton Old Road

Disley

Stockport

SK12 2BB

FIXED ASSETS

Intangible assets

4

800

3,200

Tangible assets

5

27,673

22,630

28,473

25,830

CURRENT ASSETS

Debtors

6

19,247

26,400

Cash at bank

66

16,617

19,313

43,017

CREDITORS

Amounts falling due within one year

7

134,077

154,098

NET CURRENT LIABILITIES

(114,764

)

(111,081

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(86,291

)

(85,251

)

CREDITORS

Amounts falling due after more than one year

8

40,961

60,505

NET LIABILITIES

(127,252

)

(145,756

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(127,253

)

(145,757

)

SHAREHOLDERS' FUNDS

(127,252

)

(145,756

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 3 September 2026 and were signed by:

R Smethurst - Director

1.	STATUTORY INFORMATION

Smethurst Contracts 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 28 (2024 - 33 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

12,000

AMORTISATION

At 1 January 2025

8,800

Charge for year

2,400

At 31 December 2025

11,200

NET BOOK VALUE

At 31 December 2025

800

At 31 December 2024

3,200

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

48,146

Additions

35,780

Disposals

(47,101

)

At 31 December 2025

36,825

DEPRECIATION

At 1 January 2025

25,516

Charge for year

8,280

Eliminated on disposal

(24,644

)

At 31 December 2025

9,152

NET BOOK VALUE

At 31 December 2025

27,673

At 31 December 2024

22,630

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

8,465

8,338

Other debtors

10,782

18,062

19,247

26,400

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

28,196

29,420

Hire purchase contracts

5,332

-

Trade creditors

41,015

14,800

Taxation and social security

32,734

47,698

Other creditors

26,800

62,180

134,077

154,098

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

18,611

31,948

Hire purchase contracts

22,350

28,557

40,961

60,505

Amounts falling due in more than five years:

Repayable by instalments

Hire purchase

-

17,146

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Hire purchase contracts

27,682

28,557

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the financial year end, the company was owed £5,071 (2024 £10,675), from the directors.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is R Smethurst.