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REGISTERED NUMBER: 01346680 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SMITHFIELD TRACTORS (BUILTH WELLS)
LIMITED

SMITHFIELD TRACTORS (BUILTH WELLS)
LIMITED (REGISTERED NUMBER: 01346680)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2025




Page

Company information 1

Abridged balance sheet 2

Notes to the financial statements 4


SMITHFIELD TRACTORS (BUILTH WELLS)
LIMITED

COMPANY INFORMATION
for the year ended 31 March 2025







DIRECTORS: T M Hughes
Mrs K J Hughes



SECRETARY: Mrs K J Hughes



REGISTERED OFFICE: The Garage
Llanelwedd
Builth Wells
Powys



REGISTERED NUMBER: 01346680 (England and Wales)



BANKERS: Barclays Bank plc
Leicester

SMITHFIELD TRACTORS (BUILTH WELLS)
LIMITED (REGISTERED NUMBER: 01346680)

ABRIDGED BALANCE SHEET
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 121,142 129,789

CURRENT ASSETS
Stocks 304,236 401,346
Debtors 326,870 247,819
Cash at bank and in hand 733,484 734,497
1,364,590 1,383,662
CREDITORS
Amounts falling due within one year 532,668 465,063
NET CURRENT ASSETS 831,922 918,599
TOTAL ASSETS LESS CURRENT
LIABILITIES

953,064

1,048,388

CAPITAL AND RESERVES
Called up share capital 32,000 32,000
Capital redemption reserve 8,000 8,000
Retained earnings 913,064 1,008,388
953,064 1,048,388

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

SMITHFIELD TRACTORS (BUILTH WELLS)
LIMITED (REGISTERED NUMBER: 01346680)

ABRIDGED BALANCE SHEET - continued
31 March 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 June 2025 and were signed on its behalf by:





T M Hughes - Director


SMITHFIELD TRACTORS (BUILTH WELLS)
LIMITED (REGISTERED NUMBER: 01346680)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Smithfield Tractors (Builth Wells) 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.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on reducing balance and 15% 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 trecognized 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 12 ) .

SMITHFIELD TRACTORS (BUILTH WELLS)
LIMITED (REGISTERED NUMBER: 01346680)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2024
and 31 March 2025 418,363
DEPRECIATION
At 1 April 2024 288,574
Charge for year 8,647
At 31 March 2025 297,221
NET BOOK VALUE
At 31 March 2025 121,142
At 31 March 2024 129,789