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REGISTERED NUMBER: 06815664















Unaudited Financial Statements for the Year Ended 28 February 2023

for

T H Tractors Limited

T H Tractors Limited (Registered number: 06815664)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T H Tractors Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: T K Heal





SECRETARY: Mrs B J Heal





REGISTERED OFFICE: Encie Farm
Penselwood
Wincanton
Somerset
BA9 8LB





REGISTERED NUMBER: 06815664





ACCOUNTANTS: CJM Accounts Limited
49 Cherryfields
Gillingham
Dorset
SP8 4TJ

T H Tractors Limited (Registered number: 06815664)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 103,860 105,701

CURRENT ASSETS
Stocks 698,100 559,304
Debtors 5 161,858 341,249
Cash at bank 16,516 -
876,474 900,553
CREDITORS
Amounts falling due within one year 6 684,070 809,180
NET CURRENT ASSETS 192,404 91,373
TOTAL ASSETS LESS CURRENT
LIABILITIES

296,264

197,074

CREDITORS
Amounts falling due after more than
one year

7

4,509

5,897
NET ASSETS 291,755 191,177

T H Tractors Limited (Registered number: 06815664)

Balance Sheet - continued
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 291,655 191,077
291,755 191,177

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 October 2023 and were signed by:





T K Heal - Director


T H Tractors Limited (Registered number: 06815664)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

T H Tractors Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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 - 33% on cost, 25% on reducing balance and 15% on 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


T H Tractors Limited (Registered number: 06815664)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 54,142 138,110 192,252
DEPRECIATION
At 1 March 2022 - 86,551 86,551
Charge for year - 1,841 1,841
At 28 February 2023 - 88,392 88,392
NET BOOK VALUE
At 28 February 2023 54,142 49,718 103,860
At 28 February 2022 54,142 51,559 105,701

T H Tractors Limited (Registered number: 06815664)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 149,173 333,105
Other debtors 12,685 8,144
161,858 341,249

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 61,377 63,727
Trade creditors 108,898 233,695
Taxation and social security 25,514 17,365
Other creditors 488,281 494,393
684,070 809,180

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 4,509 5,897