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REGISTERED NUMBER: 12668894 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

ALL MACHINERY SALES LIMITED

ALL MACHINERY SALES LIMITED (REGISTERED NUMBER: 12668894)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALL MACHINERY SALES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: M B Stephens





REGISTERED OFFICE: Unit 12, Hogsbrook Farm
Greendale Business Park
Woodbury Salerton
Exeter
Devon
EX5 1PY





REGISTERED NUMBER: 12668894 (England and Wales)





ACCOUNTANTS: Merlin Accountancy Services Ltd
2nd Floor
33 Longbrook Street
Exeter
Devon
EX4 6AW

ALL MACHINERY SALES LIMITED (REGISTERED NUMBER: 12668894)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,418 19,578

CURRENT ASSETS
Stocks 14,700 7,100
Debtors 5 43,405 38,879
58,105 45,979
CREDITORS
Amounts falling due within one year 6 22,104 40,785
NET CURRENT ASSETS 36,001 5,194
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,419

24,772

CREDITORS
Amounts falling due after more than
one year

7

-

(26,443

)

PROVISIONS FOR LIABILITIES 8 (376 ) (1,564 )
NET ASSETS/(LIABILITIES) 37,043 (3,235 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 36,943 (3,335 )
SHAREHOLDERS' FUNDS 11 37,043 (3,235 )

ALL MACHINERY SALES LIMITED (REGISTERED NUMBER: 12668894)

BALANCE SHEET - continued
30 JUNE 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 12 March 2024 and were signed by:





M B Stephens - Director


ALL MACHINERY SALES LIMITED (REGISTERED NUMBER: 12668894)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

All Machinery Sales 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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.


ALL MACHINERY SALES LIMITED (REGISTERED NUMBER: 12668894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 1 (2022 - 1 ) .

ALL MACHINERY SALES LIMITED (REGISTERED NUMBER: 12668894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2022 895 22,139 23,034
Additions 1,560 - 1,560
Disposals (765 ) (22,139 ) (22,904 )
At 30 June 2023 1,690 - 1,690
DEPRECIATION
At 1 July 2022 135 3,321 3,456
Charge for year 252 - 252
Eliminated on disposal (115 ) (3,321 ) (3,436 )
At 30 June 2023 272 - 272
NET BOOK VALUE
At 30 June 2023 1,418 - 1,418
At 30 June 2022 760 18,818 19,578

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2022 22,139
Disposals (22,139 )
At 30 June 2023 -
DEPRECIATION
At 1 July 2022 3,321
Eliminated on disposal (3,321 )
At 30 June 2023 -
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 18,818

ALL MACHINERY SALES LIMITED (REGISTERED NUMBER: 12668894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Trade debtors 5,865 -
Other debtors 37,540 38,879
43,405 38,879

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,727 18,669
Hire purchase contracts - 7,830
Trade creditors 3,184 3,276
Taxation and social security 13,386 1,737
Other creditors 3,807 9,273
22,104 40,785

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2023 2022
£    £   
Bank loans - 17,825
Hire purchase contracts - 8,618
- 26,443

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 376 3,720
Tax losses carried forward - (2,156 )
376 1,564

ALL MACHINERY SALES LIMITED (REGISTERED NUMBER: 12668894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2022 1,564
Credit to Income Statement during year (1,188 )
Balance at 30 June 2023 376

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
M B Stephens
Balance outstanding at start of year - 3,314
Amounts repaid - (3,314 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

During last year the director had a loan with the company. No interest was charged on this loan and there were no terms for repayment.

10. ULTIMATE CONTROLLING PARTY

The controlling party is M B Stephens.

11. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
2023 2022
£    £   
Profit for the financial year 40,278 5,800
Dividends - (10,000 )
Net addition/(reduction) to shareholders' funds 40,278 (4,200 )
Opening shareholders' funds (3,235 ) 965
Closing shareholders' funds 37,043 (3,235 )