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REGISTERED NUMBER: 01221364 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

B W MACK (MACHINERY) LTD

B W MACK (MACHINERY) LTD (REGISTERED NUMBER: 01221364)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B W MACK (MACHINERY) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mrs A C Warner
P Warner





SECRETARY: Mrs A C Warner





REGISTERED OFFICE: 27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE





REGISTERED NUMBER: 01221364 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

B W MACK (MACHINERY) LTD (REGISTERED NUMBER: 01221364)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 592,721 540,855
592,721 540,855

CURRENT ASSETS
Stocks 775,796 833,847
Debtors 6 278,376 209,473
Cash at bank and in hand 364,554 241,800
1,418,726 1,285,120
CREDITORS
Amounts falling due within one year 7 838,010 705,819
NET CURRENT ASSETS 580,716 579,301
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,173,437

1,120,156

CREDITORS
Amounts falling due after more than one
year

8

(14,167

)

(24,167

)

PROVISIONS FOR LIABILITIES (35,500 ) (26,000 )
NET ASSETS 1,123,770 1,069,989

CAPITAL AND RESERVES
Called up share capital 8,000 8,000
Retained earnings 1,115,770 1,061,989
1,123,770 1,069,989

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.

B W MACK (MACHINERY) LTD (REGISTERED NUMBER: 01221364)

BALANCE SHEET - continued
31 OCTOBER 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 May 2025 and were signed on its behalf by:





P Warner - Director


B W MACK (MACHINERY) LTD (REGISTERED NUMBER: 01221364)

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

1. STATUTORY INFORMATION

B W Mack (Machinery) 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.

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.

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Entitlements are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Improvements to property - 10% on reducing balance
Plant and machinery - 10% on reducing balance
Motor vehicles - 20% 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 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.


B W MACK (MACHINERY) LTD (REGISTERED NUMBER: 01221364)

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2023
and 31 October 2024 1,221
AMORTISATION
At 1 November 2023
and 31 October 2024 1,221
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

B W MACK (MACHINERY) LTD (REGISTERED NUMBER: 01221364)

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

5. TANGIBLE FIXED ASSETS
Improvements
Land and to Plant and Motor
buildings property machinery vehicles Totals
£    £    £    £    £   
COST
At 1 November 2023 536,420 17,540 85,756 90,369 730,085
Additions 5,384 - 21,928 60,528 87,840
Disposals - - (17,145 ) (32,200 ) (49,345 )
At 31 October 2024 541,804 17,540 90,539 118,697 768,580
DEPRECIATION
At 1 November 2023 81,170 15,029 45,280 47,751 189,230
Charge for year 6,860 251 6,723 10,970 24,804
Eliminated on disposal - - (15,632 ) (22,543 ) (38,175 )
At 31 October 2024 88,030 15,280 36,371 36,178 175,859
NET BOOK VALUE
At 31 October 2024 453,774 2,260 54,168 82,519 592,721
At 31 October 2023 455,250 2,511 40,476 42,618 540,855

Included in cost of land and buildings is freehold land of £ 194,309 (2023 - £ 194,309 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 225,872 128,298
Other debtors 52,504 81,175
278,376 209,473

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 439,192 327,525
Taxation and social security 53,968 62,112
Other creditors 334,850 306,182
838,010 705,819

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 14,167 24,167

B W MACK (MACHINERY) LTD (REGISTERED NUMBER: 01221364)

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

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.10.24 31.10.23
£    £   
Within one year 4,319 4,319
Between one and five years 2,160 6,479
6,479 10,798