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Company No: 11840125 (England and Wales)

# TATE & TONBRIDGE AUTOMATION LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

TATE & TONBRIDGE AUTOMATION LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

TATE & TONBRIDGE AUTOMATION LIMITED

## COMPANY INFORMATION

For the financial year ended 31 March 2025
TATE & TONBRIDGE AUTOMATION LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025

DIRECTORS | G. J. Tate
| N. P. Tate
| V. Tate

REGISTERED OFFICE | Yellowcoat Sawmill
| Hastings Road
| Flimwell
| Wadhurst
| TN5 7PR
| East Sussex
| United Kingdom

COMPANY NUMBER | 11840125 (England and Wales)

ACCOUNTANT | S&W Partners (South East) Limited
| Brockbourne House
| 77 Mount Ephraim
| Royal Tunbridge Wells
| TN4 8BS

TATE & TONBRIDGE AUTOMATION LIMITED

## BALANCE SHEET

As at 31 March 2025
TATE & TONBRIDGE AUTOMATION LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 49,200 |  | 61,500
Tangible assets | 4 | 152,824 |  | 119,335
|  | 202,024 |  | 180,835
Current assets |  |  |  |
Stocks | 5 | 83,566 |  | 104,811
Debtors |  |  |  |
- due within one year | 6 | 87,288 |  | 86,869
- due after more than one year | 6 | 10,327 |  | 10,327
Cash at bank and in hand |  | 277,516 |  | 282,471
|  | 458,697 |  | 484,478
Creditors: amounts falling due within one year | 7 | ( 254,932) |  | ( 286,210)
Net current assets |  | 203,765 |  | 198,268
Total assets less current liabilities |  | 405,789 |  | 379,103
Provision for liabilities | 8 | ( 37,349) |  | ( 24,152)
Net assets |  | 368,440 |  | 354,951
Capital and reserves |  |  |  |
Called-up share capital |  | 6 |  | 6
Share premium account |  | 252,059 |  | 252,059
Profit and loss account |  | 116,375 |  | 102,886
Total shareholders' funds |  | 368,440 |  | 354,951

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 financial statements for the financial year in accordance with section 476;
- 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Tate & Tonbridge Automation Limited (registered number: 11840125) were approved and authorised for issue by the Board of Directors on 03 September 2025. They were signed on its behalf by:

G. J. Tate Director |  | N. P. Tate Director

TATE & TONBRIDGE AUTOMATION LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
TATE & TONBRIDGE AUTOMATION LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Tate & Tonbridge Automation Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Yellowcoat Sawmill, Hastings Road, Flimwell, Wadhurst, TN5 7PR, East Sussex, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
Monetary amounts in these financial statements are stated in pounds sterling and are rounded to the nearest whole £1, except where otherwise indicated.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
The following criteria must also be met before revenue is recognised:
Supply-only: revenue is recognised when the goods are collected or received by the customer.
Installation: for smaller contracting jobs, revenue is recognised on completion of the work undertaken, whereas for the larger contracting jobs, revenue is recognised on a monthly basis for the work completed to date.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.
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. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

##### Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the Balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the Balance sheet date.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 10 years straight line

###### Goodwill

Goodwill arises on a business combination and represents any excess of consideration given over fair value of the identifiable assets and liabilities acquired. It is written off on a straight line basis over its useful economic life taking into account any provision for impairment.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery | 15 - 33 % reducing balance
Vehicles | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.
Financial liabilities are derecognised when the Company’s contractual obligations expire or are discharged or cancelled.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 14 |  | 14

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 123,000 |  | 123,000
At 31 March 2025 | 123,000 |  | 123,000
Accumulated amortisation |  |  |
At 01 April 2024 | 61,500 |  | 61,500
Charge for the financial year | 12,300 |  | 12,300
At 31 March 2025 | 73,800 |  | 73,800
Net book value |  |  |
At 31 March 2025 | 49,200 |  | 49,200
At 31 March 2024 | 61,500 |  | 61,500

#### 4. Tangible assets

| Plant and machinery |  | Vehicles |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 April 2024 | 74,948 |  | 173,051 |  | 247,999
Additions | 3,558 |  | 59,654 |  | 63,212
At 31 March 2025 | 78,506 |  | 232,705 |  | 311,211
Accumulated depreciation |  |  |  |  |
At 01 April 2024 | 42,967 |  | 85,697 |  | 128,664
Charge for the financial year | 5,398 |  | 24,325 |  | 29,723
At 31 March 2025 | 48,365 |  | 110,022 |  | 158,387
Net book value |  |  |  |  |
At 31 March 2025 | 30,141 |  | 122,683 |  | 152,824
At 31 March 2024 | 31,981 |  | 87,354 |  | 119,335

#### 5. Stocks

| 2025 |  | 2024
| £ |  | £
Work in progress | 10,698 |  | 28,582
Finished goods | 72,868 |  | 76,229
| 83,566 |  | 104,811

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Debtors: amounts falling due within one year |  |  |
Trade debtors | 58,057 |  | 29,036
Amounts owed by Group undertakings | 14,447 |  | 2,792
Prepayments and accrued income | 14,781 |  | 39,175
Other debtors | 3 |  | 15,866
| 87,288 |  | 86,869
Debtors: amounts falling due after more than one year |  |  |
Other debtors | 10,327 |  | 10,327

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 21,047 |  | 36,971
Amounts owed to Group undertakings | 65,286 |  | 102,103
Accruals and deferred income | 124,123 |  | 119,772
Taxation and social security | 41,045 |  | 24,537
Other creditors | 3,431 |  | 2,827
| 254,932 |  | 286,210

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

#### 8. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 24,152) |  | ( 15,956)
Charged to the Statement of Income and Retained Earnings | ( 13,197) |  | ( 8,196)
At the end of financial year | ( 37,349) |  | ( 24,152)

#### 9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 |  | 2024
| £ |  | £
within one year | 44,762 |  | 44,267
between one and five years | 146,060 |  | 170,032
after five years | 0 |  | 20,790
| 190,822 |  | 235,089