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REGISTERED NUMBER: 02537553


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

SIMON TULLETT MACHINERY COMPANY LIMITED

SIMON TULLETT MACHINERY COMPANY LIMITED (REGISTERED NUMBER: 02537553)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIMON TULLETT MACHINERY COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: P Mason
D Mason





REGISTERED OFFICE: Farm Buildings
Homelea Farm
Bearley Road
Aston Cantlow
Warwickshire
B95 6LD





REGISTERED NUMBER: 02537553





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

SIMON TULLETT MACHINERY COMPANY LIMITED (REGISTERED NUMBER: 02537553)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 150,283 151,973

CURRENT ASSETS
Stocks 696,586 876,539
Debtors 5 1,193,038 1,205,972
Cash at bank and in hand 3,281,393 2,051,877
5,171,017 4,134,388
CREDITORS
Amounts falling due within one year 6 1,017,596 906,989
NET CURRENT ASSETS 4,153,421 3,227,399
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,303,704

3,379,372

CREDITORS
Amounts falling due after more than one
year

7

(3,190,351

)

(1,723,377

)

PROVISIONS FOR LIABILITIES (35,189 ) (27,644 )
NET ASSETS 1,078,164 1,628,351

CAPITAL AND RESERVES
Called up and paid share capital 100,100 100,100
Retained earnings 978,064 1,528,251
SHAREHOLDERS' FUNDS 1,078,164 1,628,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SIMON TULLETT MACHINERY COMPANY LIMITED (REGISTERED NUMBER: 02537553)

BALANCE SHEET - continued
30 APRIL 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





D Mason - Director


SIMON TULLETT MACHINERY COMPANY LIMITED (REGISTERED NUMBER: 02537553)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Simon Tullett Machinery Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 15% on reducing balance
Fixtures and fittings - 33% on reducing balance and 15% on reducing balance
Motor vehicles - 25% 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.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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


SIMON TULLETT MACHINERY COMPANY LIMITED (REGISTERED NUMBER: 02537553)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 507,208
Additions 42,150
At 30 April 2024 549,358
DEPRECIATION
At 1 May 2023 355,235
Charge for year 43,840
At 30 April 2024 399,075
NET BOOK VALUE
At 30 April 2024 150,283
At 30 April 2023 151,973

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,149,271 1,182,621
Other debtors 43,767 23,351
1,193,038 1,205,972

SIMON TULLETT MACHINERY COMPANY LIMITED (REGISTERED NUMBER: 02537553)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 28,831 22,527
Trade creditors 209,437 188,587
Taxation and social security 587,246 532,283
Other creditors 192,082 163,592
1,017,596 906,989

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 26,997 29,787
Amounts owed to group undertakings 3,163,354 1,693,590
3,190,351 1,723,377

8. RELATED PARTY DISCLOSURES

Simon Tullett Machinery Company Limited is a subsidiary of Simon Tullett Machinery Company Holdings Limited, the parent company that is registered in England and Wales.