IRIS Accounts Production v24.3.2.46 01036634 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh010366342023-04-30010366342024-04-30010366342023-05-012024-04-30010366342022-04-30010366342022-05-012023-04-30010366342023-04-3001036634ns15:EnglandWales2023-05-012024-04-3001036634ns14:PoundSterling2023-05-012024-04-3001036634ns10:Director12023-05-012024-04-3001036634ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3001036634ns10:SmallEntities2023-05-012024-04-3001036634ns10:AuditExemptWithAccountantsReport2023-05-012024-04-3001036634ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3001036634ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3001036634ns10:FullAccounts2023-05-012024-04-3001036634ns10:OrdinaryShareClass12023-05-012024-04-3001036634ns10:Director22023-05-012024-04-3001036634ns10:RegisteredOffice2023-05-012024-04-3001036634ns5:CurrentFinancialInstruments2024-04-3001036634ns5:CurrentFinancialInstruments2023-04-3001036634ns5:Non-currentFinancialInstruments2024-04-3001036634ns5:Non-currentFinancialInstruments2023-04-3001036634ns5:ShareCapital2024-04-3001036634ns5:ShareCapital2023-04-3001036634ns5:RetainedEarningsAccumulatedLosses2024-04-3001036634ns5:RetainedEarningsAccumulatedLosses2023-04-3001036634ns5:PlantMachinery2023-05-012024-04-3001036634ns5:FurnitureFittings2023-05-012024-04-3001036634ns5:ComputerEquipment2023-05-012024-04-3001036634ns5:LeaseholdImprovements2023-04-3001036634ns5:PlantMachinery2023-04-3001036634ns5:FurnitureFittings2023-04-3001036634ns5:LeaseholdImprovements2023-05-012024-04-3001036634ns5:LeaseholdImprovements2024-04-3001036634ns5:PlantMachinery2024-04-3001036634ns5:FurnitureFittings2024-04-3001036634ns5:LeaseholdImprovements2023-04-3001036634ns5:PlantMachinery2023-04-3001036634ns5:FurnitureFittings2023-04-3001036634ns5:MotorVehicles2023-04-3001036634ns5:ComputerEquipment2023-04-3001036634ns5:MotorVehicles2023-05-012024-04-3001036634ns5:MotorVehicles2024-04-3001036634ns5:ComputerEquipment2024-04-3001036634ns5:MotorVehicles2023-04-3001036634ns5:ComputerEquipment2023-04-3001036634ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-04-3001036634ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-04-3001036634ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-04-3001036634ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-04-3001036634ns10:OrdinaryShareClass12024-04-3001036634ns5:RetainedEarningsAccumulatedLosses2023-04-3001036634ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-30
REGISTERED NUMBER: 01036634 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2024

FOR

NEWMARKET GARDEN MACHINERY SERVICES
LIMITED

NEWMARKET GARDEN MACHINERY SERVICES
LIMITED (REGISTERED NUMBER: 01036634)






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




Page

Company Information 1

Chartered Certified Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


NEWMARKET GARDEN MACHINERY SERVICES
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: W A Dabbs
Mrs S Dabbs





REGISTERED OFFICE: Unit 18 Acorn Business Centre
Oaks Business Park
Oaks Drive
Newmarket
Suffolk
CB8 7SX





REGISTERED NUMBER: 01036634 (England and Wales)





ACCOUNTANTS: Bentens
Chartered Certified Accountants
Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
NEWMARKET GARDEN MACHINERY SERVICES
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 Statement of Financial Position. 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Newmarket Garden Machinery Services Limited for the year ended 30 April 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Newmarket Garden Machinery Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Newmarket Garden Machinery Services Limited and state those matters that we have agreed to state to the Board of Directors of Newmarket Garden Machinery Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Newmarket Garden Machinery Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Newmarket Garden Machinery Services Limited. You consider that Newmarket Garden Machinery Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Newmarket Garden Machinery Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bentens
Chartered Certified Accountants
Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF


31 January 2025

NEWMARKET GARDEN MACHINERY SERVICES
LIMITED (REGISTERED NUMBER: 01036634)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 58,865 58,290

CURRENT ASSETS
Stocks 4 303,829 259,332
Debtors 5 7,403 11,332
Cash at bank and in hand 22,833 32,461
334,065 303,125
CREDITORS
Amounts falling due within one year 6 183,105 187,750
NET CURRENT ASSETS 150,960 115,375
TOTAL ASSETS LESS CURRENT
LIABILITIES

209,825

173,665

CREDITORS
Amounts falling due after more than one
year

7

65,670

65,652
NET ASSETS 144,155 108,013

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 144,153 108,011
SHAREHOLDERS' FUNDS 144,155 108,013

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.

NEWMARKET GARDEN MACHINERY SERVICES
LIMITED (REGISTERED NUMBER: 01036634)

STATEMENT OF FINANCIAL POSITION - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





W A Dabbs - Director


NEWMARKET GARDEN MACHINERY SERVICES
LIMITED (REGISTERED NUMBER: 01036634)

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

1. 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 comprises the value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

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 - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Computer equipment - 25% reducing balance

The leasehold improvements have been amortised on a straight line basis, over the remaining period of the lease.

Stocks
Stocks have been valued at the lower of cost and net realisable value.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

NEWMARKET GARDEN MACHINERY SERVICES
LIMITED (REGISTERED NUMBER: 01036634)

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

1. ACCOUNTING POLICIES - continued

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 12 ) .

3. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023 40,084 41,119 5,519
Additions - - -
At 30 April 2024 40,084 41,119 5,519
DEPRECIATION
At 1 May 2023 18,258 37,040 5,381
Charge for year 4,008 1,020 34
At 30 April 2024 22,266 38,060 5,415
NET BOOK VALUE
At 30 April 2024 17,818 3,059 104
At 30 April 2023 21,826 4,079 138

NEWMARKET GARDEN MACHINERY SERVICES
LIMITED (REGISTERED NUMBER: 01036634)

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

3. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 55,078 10,853 152,653
Additions 18,131 133 18,264
At 30 April 2024 73,209 10,986 170,917
DEPRECIATION
At 1 May 2023 23,546 10,138 94,363
Charge for year 12,415 212 17,689
At 30 April 2024 35,961 10,350 112,052
NET BOOK VALUE
At 30 April 2024 37,248 636 58,865
At 30 April 2023 31,532 715 58,290

4. STOCKS
2024 2023
£    £   
Stocks 277,529 243,729
Work-in-progress 26,300 15,603
303,829 259,332

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,403 11,332

NEWMARKET GARDEN MACHINERY SERVICES
LIMITED (REGISTERED NUMBER: 01036634)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,373 7,594
Trade creditors 104,467 137,787
Social security and other taxes 4,520 4,051
VAT 31,227 17,627
Other creditors 184 334
Directors' current accounts - 18,057
Directors' loan accounts 32,890 -
Accrued expenses 2,444 2,300
183,105 187,750

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,452 10,126
Bank loans - 2-5 years 22,267 21,099
Hire purchase contracts 37,951 34,427
65,670 65,652

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Retained
earnings
£   

At 1 May 2023 108,011
Profit for the year 36,142
At 30 April 2024 144,153