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REGISTERED NUMBER: 01855215 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SOUTHWICK TRACTOR CO. LIMITED

SOUTHWICK TRACTOR CO. LIMITED (REGISTERED NUMBER: 01855215)

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










Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5

Report of the Accountants 7

SOUTHWICK TRACTOR CO. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A R Doel
Mrs P A Doel





REGISTERED OFFICE: 584 Wellsway
Bath
Somerset
BA2 2UE





REGISTERED NUMBER: 01855215 (England and Wales)





ACCOUNTANTS: SMH Taxation and Accountancy Ltd
16 Kipling Avenue
Bath
Somerset
BA2 4RB

SOUTHWICK TRACTOR CO. LIMITED (REGISTERED NUMBER: 01855215)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2024


The directors present their report with the financial statements of the company for the year ended 31 March 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

A R Doel
Mrs P A Doel

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





A R Doel - Director


3 December 2024

SOUTHWICK TRACTOR CO. LIMITED (REGISTERED NUMBER: 01855215)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,375,226 1,474,610

CURRENT ASSETS
Stocks - 21,000
Debtors 5 1,374,761 1,276,237
Cash at bank 559,314 661,275
1,934,075 1,958,512
CREDITORS
Amounts falling due within one year 6 (791,112 ) (916,770 )
NET CURRENT ASSETS 1,142,963 1,041,742
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,518,189

2,516,352

CAPITAL AND RESERVES
Called up share capital 49 49
Capital redemption reserve 51 51
Retained earnings 2,518,089 2,516,252
SHAREHOLDERS' FUNDS 2,518,189 2,516,352

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

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

SOUTHWICK TRACTOR CO. LIMITED (REGISTERED NUMBER: 01855215)

BALANCE SHEET - continued
31 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 Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:





A R Doel - Director


SOUTHWICK TRACTOR CO. LIMITED (REGISTERED NUMBER: 01855215)

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


1. STATUTORY INFORMATION

Southwick Tractor Co. 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.

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.

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.

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 3 (2023 - NIL ) .

SOUTHWICK TRACTOR CO. LIMITED (REGISTERED NUMBER: 01855215)

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


4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 1,166,641 620,513 40,500 901 1,828,555
Additions - 91,700 - - 91,700
Disposals - (181,500 ) - - (181,500 )
At 31 March 2024 1,166,641 530,713 40,500 901 1,738,755
DEPRECIATION
At 1 April 2023 - 312,544 40,500 901 353,945
Charge for year - 36,809 - - 36,809
Eliminated on disposal - (27,225 ) - - (27,225 )
At 31 March 2024 - 322,128 40,500 901 363,529
NET BOOK VALUE
At 31 March 2024 1,166,641 208,585 - - 1,375,226
At 31 March 2023 1,166,641 307,969 - - 1,474,610

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,362,677 1,262,257
VAT 12,084 13,980
1,374,761 1,276,237

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 241,422 422,096
Tax 38,582 -
Directors' current accounts 434,615 418,181
Accruals and deferred income 76,493 76,493
791,112 916,770

SOUTHWICK TRACTOR CO. LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
SOUTHWICK TRACTOR CO. LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






SMH Taxation and Accountancy Ltd
16 Kipling Avenue
Bath
Somerset
BA2 4RB


Date: .............................................