Symes Industrial Ltd - Filleted accounts

Registered number

03799079

Symes Industrial Ltd

Filleted Accounts

31 March 2025

Symes Industrial Ltd
Registered number:		03799079
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		107,287			88,480

Current assets
Stocks		207,290			137,887
Debtors	4	145,394			188,040
Cash at bank and in hand		158,727			132,292
		511,411			458,219

Creditors: amounts falling due within one year	5	(277,794)			(247,933)

Net current assets			233,617			210,286

Total assets less current liabilities			340,904			298,766

Creditors: amounts falling due after more than one year	6		(21,500)			(16,075)

Provisions for liabilities			(20,384)			(16,811)


Net assets			299,020			265,880

Capital and reserves
Called up share capital			100			100
Profit and loss account			298,920			265,780

Shareholders' funds			299,020			265,880

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




C H Symes
Director
Approved by the board on 22 July 2025

Symes Industrial Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor Vehicles	25% reducing balance basis
	Fixtures, fittings, tools and equipment	25% reducing balance basis

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			6		6


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	122,947		130,409		253,356
	Additions	4,578		36,641		41,219
	At 31 March 2025	127,525		167,050		294,575

	Depreciation
	At 1 April 2024	93,340		71,536		164,876
	Charge for the year	7,694		14,718		22,412
	At 31 March 2025	101,034		86,254		187,288

	Net book value
	At 31 March 2025	26,491		80,796		107,287
	At 31 March 2024	29,607		58,873		88,480


4	Debtors			2025		2024
£					£

	Trade debtors			74,929		153,635
	Other debtors			70,465		34,405
				145,394		188,040


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			47,757		46,964
	Obligations under finance lease and hire purchase contracts			18,965		12,867
	Trade creditors			48,842		52,850
	Taxation and social security costs			124,216		131,651
	Income in advance			35,000		-
	Other creditors			3,014		3,601
				277,794		247,933


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Obligations under finance lease and hire purchase contracts			21,500		16,075


7	Other information

	Symes Industrial Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Upper Norton Farm
	Norton
	Sutton Scotney
	Winchester
	SO21 3QF