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REGISTERED NUMBER: 10081417 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

TIM JENKINS AGRICULTURAL ENGINEERING LTD

TIM JENKINS AGRICULTURAL ENGINEERING LTD (REGISTERED NUMBER: 100






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TIM JENKINS AGRICULTURAL ENGINEERING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: T W Jenkins





SECRETARY: T W Jenkins





REGISTERED OFFICE: 45 Bridge Street
Usk
Monmouthshire
NP15 1BQ





REGISTERED NUMBER: 10081417 (England and Wales)





ACCOUNTANTS: Paul Munson & Co
Limited Liability Partnership
45 Bridge Street
Usk
Monmouthshire
NP15 1BQ

TIM JENKINS AGRICULTURAL ENGINEERING LTD (REGISTERED NUMBER: 100

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 91,426 74,060

CURRENT ASSETS
Stocks 9,609 9,419
Debtors 5 17,430 11,945
Cash at bank 46,436 65,986
73,475 87,350
CREDITORS
Amounts falling due within one year 6 22,763 31,484
NET CURRENT ASSETS 50,712 55,866
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,138

129,926

PROVISIONS FOR LIABILITIES 7 17,371 14,071
NET ASSETS 124,767 115,855

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 124,667 115,755
124,767 115,855

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

TIM JENKINS AGRICULTURAL ENGINEERING LTD (REGISTERED NUMBER: 100

BALANCE SHEET - continued
31ST MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th November 2024 and were signed by:





T W Jenkins - Director


TIM JENKINS AGRICULTURAL ENGINEERING LTD (REGISTERED NUMBER: 100

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Tim Jenkins Agricultural Engineering Ltd 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.

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.


TIM JENKINS AGRICULTURAL ENGINEERING LTD (REGISTERED NUMBER: 100

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 101,706
Additions 71,899
Disposals (51,745 )
At 31st March 2024 121,860
DEPRECIATION
At 1st April 2023 27,646
Charge for year 16,134
Eliminated on disposal (13,346 )
At 31st March 2024 30,434
NET BOOK VALUE
At 31st March 2024 91,426
At 31st March 2023 74,060

TIM JENKINS AGRICULTURAL ENGINEERING LTD (REGISTERED NUMBER: 100

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade debtors 17,430 11,945

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade creditors 8,321 10,531
Taxation and social security 7,274 11,398
Other creditors 7,168 9,555
22,763 31,484

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 17,371 14,071

Deferred
tax
£   
Balance at 1st April 2023 14,071
Provided during year 3,300
Balance at 31st March 2024 17,371