3 18 July 2025 false false false false false false false false false false true false false false true true true No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 5,906 154 6,060 6,060 5,906 xbrli:pure xbrli:shares iso4217:GBP 01323273 2024-01-01 2024-12-31 01323273 2024-12-31 01323273 2023-12-31 01323273 2023-01-01 2023-12-31 01323273 2023-12-31 01323273 2022-12-31 01323273 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 01323273 core:WithinOneYear 2024-12-31 01323273 core:WithinOneYear 2023-12-31 01323273 core:PlantMachinery 2023-12-31 01323273 core:FurnitureFittings 2023-12-31 01323273 core:MotorVehicles 2023-12-31 01323273 core:PlantMachinery 2024-12-31 01323273 core:FurnitureFittings 2024-12-31 01323273 core:MotorVehicles 2024-12-31 01323273 core:PlantMachinery 2024-01-01 2024-12-31 01323273 core:FurnitureFittings 2024-01-01 2024-12-31 01323273 core:MotorVehicles 2024-01-01 2024-12-31 01323273 core:ShareCapital 2024-12-31 01323273 core:ShareCapital 2023-12-31 01323273 core:RetainedEarningsAccumulatedLosses 2024-12-31 01323273 core:RetainedEarningsAccumulatedLosses 2023-12-31 01323273 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 01323273 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInInvestments 2024-12-31 01323273 core:CostValuation core:Non-currentFinancialInstruments 2024-12-31 01323273 core:Non-currentFinancialInstruments 2024-12-31 01323273 core:Non-currentFinancialInstruments 2023-12-31 01323273 core:PlantMachinery 2023-12-31 01323273 core:MotorVehicles 2023-12-31 01323273 bus:Director7 2024-01-01 2024-12-31 01323273 bus:SmallEntities 2024-01-01 2024-12-31 01323273 bus:Audited 2024-01-01 2024-12-31 01323273 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 01323273 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01323273 bus:FullAccounts 2024-01-01 2024-12-31 01323273 bus:OrdinaryShareClass1 2024-12-31 01323273 bus:OrdinaryShareClass1 2023-12-31
COMPANY REGISTRATION NUMBER: 01323273
Warwick Machinery Limited
Filleted Financial Statements
31 December 2024
Warwick Machinery Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
21,501
29,639
Investments
6
6,060
5,906
--------
--------
27,561
35,545
Current assets
Stocks
202,107
192,017
Debtors
7
284,917
65,723
Cash at bank and in hand
550,040
558,967
------------
---------
1,037,064
816,707
Creditors: amounts falling due within one year
8
280,318
154,560
------------
---------
Net current assets
756,746
662,147
---------
---------
Total assets less current liabilities
784,307
697,692
---------
---------
Net assets
784,307
697,692
---------
---------
Capital and reserves
Called up share capital
9
700,560
700,560
Profit and loss account
83,747
( 2,868)
---------
---------
Shareholders funds
784,307
697,692
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 18 July 2025 , and are signed on behalf of the board by:
Mr I McDonald Director
Company registration number: 01323273
Warwick Machinery Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. Its main activity is that of a reseller of machine tools and allied products. The address of the registered office is Unit 6, Budbrooke Road, Budbrooke Industrial Estate, Warwick, CV34 5XH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a small entity as defined in FRS102 and section 382 of the Companies Act 2006 and has taken advantage of the disclosure exemptions available under paragraph 1A.7 of FRS102.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & machinery
-
25% - 33% Straight Line
Fixtures & fittings
-
25% Straight Line
Motor Vehicles
-
25% Straight Line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Particulars of employees
The average number of persons employed by the company during the year amounted to 3 (2023: 4 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2024
2,356
1,130
76,308
79,794
Additions
1,191
1,191
-------
-------
--------
--------
At 31 December 2024
3,547
1,130
76,308
80,985
-------
-------
--------
--------
Depreciation
At 1 January 2024
2,049
1,130
46,976
50,155
Charge for the year
304
9,025
9,329
-------
-------
--------
--------
At 31 December 2024
2,353
1,130
56,001
59,484
-------
-------
--------
--------
Carrying amount
At 31 December 2024
1,194
20,307
21,501
-------
-------
--------
--------
At 31 December 2023
307
29,332
29,639
-------
-------
--------
--------
6. Investments
Shares in group undertakings
£
Cost
At 1 January 2024
5,906
Foreign currency revaluation
154
-------
At 31 December 2024
6,060
-------
Impairment
At 1 January 2024 and 31 December 2024
-------
Carrying amount
At 31 December 2024
6,060
-------
At 31 December 2023
5,906
-------
The investment represents a 12.9% shareholding in Warwick Machinery (Thailand) Co. Limited.
7. Debtors
2024
2023
£
£
Trade debtors
264,584
44,625
Prepayments and accrued income
11,833
12,298
Other debtors
8,500
8,800
---------
--------
284,917
65,723
---------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
20,864
15,453
Accruals and deferred income
201,891
132,460
Social security and other taxes
57,563
6,647
---------
---------
280,318
154,560
---------
---------
9. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
700,560
700,560
700,560
700,560
---------
---------
---------
---------
10. Summary audit opinion
The auditor's report dated 18 July 2025 was unqualified .
The senior statutory auditor was Hannah Justice FCA FCCA , for and on behalf of BSN Associates Limited .
11. Related party transactions
The following related party transactions occurred in the year: Wemco GMBH Werkzeugmaschinen Automation During the year the company purchased goods of £1,323 (2023: £130,129)from the parent company and sales of £Nil (2023: £Nil) to the parent company.
12. Controlling party
The ultimate parent undertaking is Wemco GMBH Werkzeugmaschinen Automation, a company registered in Germany.