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REGISTERED NUMBER: 01490945 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Cash Control Machines (South West)
Limited

Cash Control Machines (South West)
Limited (Registered number: 01490945)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cash Control Machines (South West)
Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr M A Saunders
Mrs H E Saunders





SECRETARY: Mrs H E Saunders





REGISTERED OFFICE: Haygrove House
Shoreditch Road
Taunton
Somerset
TA3 7BT





REGISTERED NUMBER: 01490945 (England and Wales)

Cash Control Machines (South West)
Limited (Registered number: 01490945)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 372,103 390,329

CURRENT ASSETS
Stocks 52,807 42,318
Debtors 5 34,737 86,180
Cash at bank and in hand 112,453 105,637
199,997 234,135
CREDITORS
Amounts falling due within one year 6 119,863 167,979
NET CURRENT ASSETS 80,134 66,156
TOTAL ASSETS LESS CURRENT
LIABILITIES

452,237

456,485

PROVISIONS FOR LIABILITIES 8 1,337 2,539
NET ASSETS 450,900 453,946

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 450,800 453,846
SHAREHOLDERS' FUNDS 450,900 453,946

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

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

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 11 March 2025 and were signed on its behalf by:




Mr M A Saunders - Director



Mrs H E Saunders - Director


Cash Control Machines (South West)
Limited (Registered number: 01490945)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Cash Control Machines (South West) 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.

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.
Freehold property - 2% on straight line basis
Improvements to property - 5% on a straight line basis
Fixtures and fittings - 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.

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 8 (2023 - 8 ) .

Cash Control Machines (South West)
Limited (Registered number: 01490945)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Motor
property property fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2023
and 31 October 2024 419,245 113,503 64,877 66,202 663,827
DEPRECIATION
At 1 November 2023 98,109 62,530 58,728 54,131 273,498
Charge for year 8,385 5,675 1,148 3,018 18,226
At 31 October 2024 106,494 68,205 59,876 57,149 291,724
NET BOOK VALUE
At 31 October 2024 312,751 45,298 5,001 9,053 372,103
At 31 October 2023 321,136 50,973 6,149 12,071 390,329

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 31,636 82,985
Prepayments and accrued income 3,101 3,195
34,737 86,180

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 17,493
Trade creditors 6,063 2,690
Corporation tax 3,501 10,882
Social security and other taxes 7,085 7,472
VAT 17,591 22,918
Other creditors 12,295 12,295
Directors' current accounts 37,329 59,329
Accountancy accrual 4,100 4,100
Other accruals 2,763 4,111
Deferred income 29,136 26,689
119,863 167,979

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 17,493

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,337 2,539

Cash Control Machines (South West)
Limited (Registered number: 01490945)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2023 2,539
Movement in year (1,202 )
Balance at 31 October 2024 1,337

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 (2023 - £2,000) were paid to the directors .

There is an interest free loan due to the directors of £37,329 (2023: £59,329).

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M A Saunders and Mrs H E Saunders.