Claude N. Smith Limited

Claude N. Smith Limited
Contents Page
For the year ended 28 February 2026

Statement of Financial Position	1
Notes to the Financial Statements	2

Claude N. Smith Limited
Statement of Financial Position
As at 28 February 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	171,019	215,849
		171,019	215,849
Current assets
Stocks		2,000	2,000
Debtors		78,435	119,319
Cash at bank and in hand		262,834	126,331
		343,269	247,650
Creditors: amount falling due within one year		(84,471)	(74,928)
Net current assets		258,798	172,722

Total assets less current liabilities		429,817	388,571
Net assets		429,817	388,571

Capital and reserves
Called up share capital	4	100	100
Profit and loss account		429,717	388,471
Shareholders' funds		429,817	388,571

For the year ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 08 October 2026 and were signed on its behalf by:

-------------------------------
Nigel Alan Smith
Director

1

Claude N. Smith Limited
Notes to the Abridged Financial Statements
For the year ended 28 February 2026

General Information

Claude N. Smith Limited is a private company, limited by shares, registered in England and Wales, registration number 07538989, registration address 1a Slate Drift, Collyweston, Stamford, Lincolnshire, PE9 3PG.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	20% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures and Fittings	25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 13 (2025 : 13).

3.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Total
	£	£	£	£
At 01 March 2025	304,816	156,535	18,346	479,697
Additions	5,227	-	-	5,227
Disposals	-	-	-	-
At 28 February 2026	310,043	156,535	18,346	484,924
Depreciation
At 01 March 2025	213,840	42,157	7,851	263,848
Charge for year	18,838	28,595	2,624	50,057
On disposals	-	-	-	-
At 28 February 2026	232,678	70,752	10,475	313,905
Net book values
Closing balance as at 28 February 2026	77,365	85,783	7,871	171,019
Opening balance as at 01 March 2025	90,976	114,378	10,495	215,849

4.

Share Capital

Allotted, called up and fully paid	2026 £		2025 £
100 Class A shares of £1.00 each	100		100
	100		100

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