Company No: 11840125 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

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

	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

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