Smyth Patterson Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: NI001910

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		4,219
Tangible Assets	5		1,365,242		1,386,524
Investments	6		31,443		31,443

			1,396,685		1,422,186
CURRENT ASSETS
Stocks	7	437,809		492,551
Debtors	8	31,066		42,487
Cash at bank and in hand		28,797		17,844

		497,672		552,882
Creditors: Amounts Falling Due Within One Year	9	(591,646 )		(556,287 )

NET CURRENT ASSETS (LIABILITIES)			(93,974 )		(3,405 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,302,711		1,418,781

Creditors: Amounts Falling Due After More Than One Year	10		(498,934 )		(566,219 )

NET ASSETS			803,777		852,562

CAPITAL AND RESERVES
Called up share capital	11		250		250
Profit and Loss Account			803,527		852,312

SHAREHOLDERS' FUNDS			803,777		852,562

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Smyth Patterson Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Colin William Patterson

Director

11 May 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Smyth Patterson Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI001910 . The registered office is 18 Market Square, Lisburn, Co Antrim, BT28 1AJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets is computer software. It is amortised to the Profit and Loss Account over its estimated economic life of 4 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	1% straight line/ not provided
Leasehold	1% straight line
Plant & Machinery	15% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	15% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 30 (2025: 34)

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Smyth Patterson Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

4. Intangible Assets

	Other
	£
Cost
As at 1 February 2025	22,595
Disposals	(1,645 )

As at 31 January 2026	20,950

Amortisation
As at 1 February 2025	18,376
Provided during the period	2,574

As at 31 January 2026	20,950

Net Book Value
As at 31 January 2026	-

As at 1 February 2025	4,219

5. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Motor Vehicles
	£	£	£	£
Cost
As at 1 February 2025	1,667,658	8,798	310,895	72,250
Additions	-	-	-	-

As at 31 January 2026	1,667,658	8,798	310,895	72,250

Depreciation
As at 1 February 2025	360,485	4,066	295,138	67,719
Provided during the period	13,157	88	2,364	1,133

As at 31 January 2026	373,642	4,154	297,502	68,852

Net Book Value
As at 31 January 2026	1,294,016	4,644	13,393	3,398

As at 1 February 2025	1,307,173	4,732	15,757	4,531


	Fixtures & Fittings	Total
	£	£
Cost
As at 1 February 2025	605,704	2,665,305
Additions	3,950	3,950

As at 31 January 2026	609,654	2,669,255

...CONTINUED

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Smyth Patterson Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

Depreciation
As at 1 February 2025	551,373	1,278,781
Provided during the period	8,490	25,232

As at 31 January 2026	559,863	1,304,013

Net Book Value
As at 31 January 2026	49,791	1,365,242

As at 1 February 2025	54,331	1,386,524

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 February 2025	31,443

As at 31 January 2026	31,443

Provision
As at 1 February 2025	-

As at 31 January 2026	-

Net Book Value
As at 31 January 2026	31,443

As at 1 February 2025	31,443

7. Stocks

	2026	2025
	£	£
Stock	437,809	492,551

8. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	2,044	1,144
Other debtors	29,022	41,343

	31,066	42,487

9. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	196,901	233,928
Bank loans and overdrafts	57,820	57,064
Other loans	23,470	48,050
Other creditors	249,967	158,765
Taxation and social security	63,488	58,480

	591,646	556,287

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Smyth Patterson Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

10. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	361,419	357,704
Other loans	-	71,000
Other creditors	137,515	137,515

	498,934	566,219

11. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	250	250

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