Cleanacres Machinery Limited 01384399 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is the sale of crop spraying equipment Digita Accounts Production Advanced 6.30.9574.0 true 01384399 2024-04-01 2025-03-31 01384399 2025-03-31 01384399 core:FurtherSpecificItem1DeferredTaxComponentTotalForDeferredTax 2025-03-31 01384399 core:FurtherSpecificItem2DeferredTaxComponentTotalForDeferredTax 2025-03-31 01384399 core:CurrentFinancialInstruments 2025-03-31 01384399 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 01384399 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 01384399 core:MoreThanFiveYears 1 2025-03-31 01384399 core:FurnitureFittingsToolsEquipment 2025-03-31 01384399 core:MotorVehicles 2025-03-31 01384399 core:OtherPropertyPlantEquipment 2025-03-31 01384399 bus:SmallEntities 2024-04-01 2025-03-31 01384399 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 01384399 bus:FilletedAccounts 2024-04-01 2025-03-31 01384399 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01384399 bus:RegisteredOffice 2024-04-01 2025-03-31 01384399 bus:Director1 2024-04-01 2025-03-31 01384399 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01384399 core:FurnitureFittings 2024-04-01 2025-03-31 01384399 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 01384399 core:MotorVehicles 2024-04-01 2025-03-31 01384399 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 01384399 core:PlantMachinery 2024-04-01 2025-03-31 01384399 countries:EnglandWales 2024-04-01 2025-03-31 01384399 2024-03-31 01384399 core:FurnitureFittingsToolsEquipment 2024-03-31 01384399 core:MotorVehicles 2024-03-31 01384399 core:OtherPropertyPlantEquipment 2024-03-31 01384399 2023-04-01 2024-03-31 01384399 2024-03-31 01384399 core:FurtherSpecificItem1DeferredTaxComponentTotalForDeferredTax 2024-03-31 01384399 core:FurtherSpecificItem2DeferredTaxComponentTotalForDeferredTax 2024-03-31 01384399 core:CurrentFinancialInstruments 2024-03-31 01384399 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 01384399 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 01384399 core:MoreThanFiveYears 1 2024-03-31 01384399 core:FurnitureFittingsToolsEquipment 2024-03-31 01384399 core:MotorVehicles 2024-03-31 01384399 core:OtherPropertyPlantEquipment 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 01384399

Prepared for the registrar

Cleanacres Machinery Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2025

 

Cleanacres Machinery Limited

(Registration number: 01384399)
Balance Sheet as at 31 March 2025

Note

2025
£



 
2024
£

Fixed assets

 

Tangible assets

4

198,218

138,432

Current assets

 

Stocks

5

1,104,238

1,124,387

Debtors

6

254,986

790,850

Cash at bank and in hand

 

50,950

2,424

 

1,410,174

1,917,661

Creditors: Amounts falling due within one year

7

(456,896)

(724,599)

Net current assets

 

953,278

1,193,062

Total assets less current liabilities

 

1,151,496

1,331,494

Creditors: Amounts falling due after more than one year

7

(315,139)

(387,799)

Net assets

 

836,357

943,695

Capital and reserves

 

Called up share capital

10,000

10,000

Retained earnings

826,357

933,695

Shareholders' funds

 

836,357

943,695

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 August 2025 and signed on its behalf by:
 


Mr J L Weston
Director

 

Cleanacres Machinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hartley Farms
Hartley Lane
Leckhampton Hill
Cheltenham
Gloucestershire
GL53 9QN

 

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

 

Cleanacres Machinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% of written down value

Fixtures, fittings and equipment

20% of written down value

Motor vehicles

20% of written down value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Cleanacres Machinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Cleanacres Machinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

 

Cleanacres Machinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

 

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other property, plant and equipment
 £

Total
£

Cost

At 1 April 2024

36,131

116,385

200,028

352,544

Additions

-

57,794

57,108

114,902

Disposals

-

(33,985)

-

(33,985)

At 31 March 2025

36,131

140,194

257,136

433,461

Depreciation

At 1 April 2024

33,264

24,487

156,361

214,112

Charge for the year

574

19,917

12,304

32,795

Eliminated on disposal

-

(11,664)

-

(11,664)

At 31 March 2025

33,838

32,740

168,665

235,243

Carrying amount

At 31 March 2025

2,293

107,454

88,471

198,218

At 31 March 2024

2,867

91,898

43,667

138,432



Leased assets
Included with the net book value of tangible assets is £25,200 (2024: £31,500) in respect of assets held under hire purchase contracts. Depreciation for the year on these assets was £6,300 (2024: £3,500).

 

5

Stocks

2025
 £

2024
 £

Inventories

1,104,238

1,124,387

 

6

Debtors

2025
£

2024
£

Trade debtors

250,646

444,199

Receivables from related parties

-

298,898

Prepayments

4,340

4,255

Other debtors

-

43,498

254,986

790,850

 

Cleanacres Machinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

 

7

Creditors

2025
£

2024
£

Due within one year

Loans and borrowings

84,306

224,393

Trade creditors

73,584

373,544

Amounts due to related parties

99,102

-

Taxation and social security

128,892

54,159

Accruals and deferred income

5,930

5,812

Other creditors

65,082

66,691

456,896

724,599


 

Current loans and borrowings

2025
£

2024
£

Bank borrowings

62,482

54,363

Bank overdrafts

-

48,953

HP and finance lease liabilities

8,476

7,696

Other borrowings

13,348

113,381

84,306

224,393


 

The bank loan and overdraft are secured by a cross guarantee and debenture with Barclays Bank PLC over the trade and assets of the company and its parent company Well Hill Holdings Limited including its freehold land and buildings.

2025
£

2024
£

Due after one year

Loans and borrowings

315,139

387,799

2025
£

2024
£

After more than five years by instalments

127,292

146,138

-

-

 

Cleanacres Machinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

 

8

Deferred tax

Deferred tax assets and liabilities

2025

Liability
£

Fixed asset timing differences

31,009

Short term timing differences

(18)

30,991

2024

Liability
£

Fixed asset timing differences

27,566

Short term timing differences

(17)

27,549

 

9

Related party transactions


Transactions with directors
At the balance sheet date the amount due to the directors of the company was £13,348 (2024: £1,645) in the form of a director's loan account. The loan is interest free and repayable on demand.

Well Hill Kitchens Limited
(a company controlled by J Weston)
At the balance sheet date, the amount due to Well Hill Kitchens Limited was £80,000 (2024: £nil) in the form of an intercompany loan account. The outstanding amount is interest free and repayable on demand.

Well Hill Holdings Limited
Parent company
During the year an ordinary dividend of £400,000 (2024: £175,000) was paid to Well Hill Holdings Limited. At the balance sheet date, the amount due to Well Hill Holdings Limited was £19,102 (2024: £298,898 owed from) in the form of an intercompany loan account. The outstanding amount is interest free and repayable on demand.

 

10

Parent and ultimate parent undertaking

The company's immediate parent is Well Hill Holdings Limited, incorporated in England & Wales.

 The ultimate controlling party is J Weston.