Registration number: 4883871

ANDREW SCOTT MACHINERY LIMITED

Contents

Company Information	1
Director's Report	2
Accountants' Report	3
Profit and Loss Account	4
Balance Sheet	5
Notes to the Unaudited Financial Statements	6 to 10
iXBRL Detailed Profit and Loss Account	11 to 12

ANDREW SCOTT MACHINERY LIMITED

Company Information

Director

AA Scott

Company secretary

C M Scott

Registered office

10 Hunters Gate Much Wenlock Shropshire TF13 6BW

Accountants

Anthony M Hughes & Co Chartered Accountants 1 Queen Street Stourbridge West Midlands DY8 1TP

ANDREW SCOTT MACHINERY LIMITED

Director's Report for the Year Ended 31 December 2024

The director presents his report and the financial statements for the year ended 31 December 2024.

Director of the company

The director who held office during the year was as follows:

AA Scott

Principal activity

The principal activity of the company is that of supplying and installing agricultural equipment

Small companies provision statement

This report has 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.

Approved and authorised by the director on 25 September 2025
 

......................................... C M Scott Company secretary

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
ANDREW SCOTT MACHINERY LIMITED
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ANDREW SCOTT MACHINERY LIMITED for the year ended 31 December 2024 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of ANDREW SCOTT MACHINERY LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of ANDREW SCOTT MACHINERY LIMITED and state those matters that we have agreed to state to the Board of Directors of ANDREW SCOTT MACHINERY LIMITED, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ANDREW SCOTT MACHINERY LIMITED and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that ANDREW SCOTT MACHINERY LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ANDREW SCOTT MACHINERY LIMITED. You consider that ANDREW SCOTT MACHINERY LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of ANDREW SCOTT MACHINERY LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Anthony M Hughes & Co
Chartered Accountants
1 Queen Street
Stourbridge
West Midlands
DY8 1TP

25 September 2025

ANDREW SCOTT MACHINERY LIMITED

Profit and Loss Account for the Year Ended 31 December 2024

	Note	2024 £	2023 £
Turnover		1,398,403	1,391,962
Cost of sales		(990,783)	(1,030,352)
Gross profit		407,620	361,610
Administrative expenses		(133,115)	(149,379)
Operating profit		274,505	212,231
Other interest receivable and similar income		19,762	8,140
Profit before tax	4	294,267	220,371
Tax on profit		(75,232)	(45,548)
Profit for the financial year		219,035	174,823

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

ANDREW SCOTT MACHINERY LIMITED

(Registration number: 4883871)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	39,658	52,878
Current assets
Stocks	6	176,650	181,150
Debtors	7	124,214	146,057
Cash at bank and in hand		1,332,095	1,080,527
		1,632,959	1,407,734
Creditors: Amounts falling due within one year	8	(285,537)	(250,609)
Net current assets		1,347,422	1,157,125
Total assets less current liabilities		1,387,080	1,210,003
Provisions for liabilities		(6,192)	(8,150)
Net assets		1,380,888	1,201,853
Capital and reserves
Called up share capital	9	100	100
Retained earnings		1,380,788	1,201,753
Shareholders' funds		1,380,888	1,201,853

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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.

Approved and authorised by the director on 25 September 2025
 

......................................... AA Scott Director

ANDREW SCOTT MACHINERY LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

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

The address of its registered office is:
10 Hunters Gate
Much Wenlock
Shropshire
TF13 6BW

These financial statements were authorised for issue by the director on 25 September 2025.

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 that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

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.

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change 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.

ANDREW SCOTT MACHINERY LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet 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
Office equipment	25% reducing balance basis
Motor vehicles	25% reducing balance basis
Plant and machinery	25% reducing balance basis

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. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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 receivables.

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.

ANDREW SCOTT MACHINERY LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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 subsequently measured at amortised cost using the effective interest method.

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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

4	Profit before tax

Arrived at after charging/(crediting)

	2024 £	2023 £
Depreciation expense	13,219	17,625

ANDREW SCOTT MACHINERY LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2024	1,423	57,202	12,794	71,419
At 31 December 2024	1,423	57,202	12,794	71,419
Depreciation
At 1 January 2024	1,043	-	17,499	18,542
Charge for the year	95	10,725	2,399	13,219
At 31 December 2024	1,138	10,725	19,898	31,761
Carrying amount
At 31 December 2024	285	46,477	(7,104)	39,658
At 31 December 2023	380	42,902	9,596	52,878

6

Stocks

	2024 £	2023 £
Other inventories	176,650	181,150

7

Debtors

Current	2024 £	2023 £
Trade debtors	124,214	146,057
	124,214	146,057

8

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	35,058	42,228
Taxation and social security	124,950	68,229
Accruals and deferred income	895	895
Other creditors	124,634	139,257
	285,537	250,609

ANDREW SCOTT MACHINERY LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

ANDREW SCOTT MACHINERY LIMITED

iXBRL Detailed Profit and Loss Account for the Year Ended 31 December 2024

	2024 £	2023 £
Turnover/revenue	1,398,403	1,391,962
Cost of sales
Opening finished goods	(181,150)	(256,425)
Purchase of raw materials and consumables	(986,283)	(955,077)
Closing finished goods	176,650	181,150
Gross profit	407,620	361,610
Distribution costs
Administrative expenses
Audit and accountancy other services	(1,485)	(1,465)
Advertising, promotions and marketing costs	(737)	(805)
Client entertaining costs	(1,275)	(1,267)
Rent, rates and services costs	(9,600)	(9,600)
Utilities costs	(753)	(478)
Other repairs and maintenance costs	(2,953)	(2,393)
Depreciation of fixed assets	(13,219)	(17,625)
Vehicle costs	(47,899)	(61,175)
Wages and salaries excluding directors	(9,480)	(9,480)
Social security costs excluding directors	(53)	-
Pension costs defined contribution schemes excluding directors	-	(2,400)
Other staff costs excluding directors	(1,800)	(2,725)
Staff costs excluding directors	(11,333)	(14,605)
Salaries and fees, directors	(12,000)	(12,000)
Social security costs, directors	(400)	(421)
Company contributions to money purchase plans, directors	(14,400)	(12,000)
Staff costs, directors	(26,800)	(24,421)
Bank charges	(107)	(126)
Insurance costs	(5,294)	(4,954)
IT and computing	(1,841)	(1,442)
Telecommunications	(843)	(1,082)
Printing, postage and stationery	(7,565)	(5,033)
Other costs	(1,411)	(1,436)
Other operating income
Other items
Loss from disposal of fixed assets	-	(1,472)
Profit on ordinary activities before finance charges and interest	274,505	212,231
Bank interest and similar income receivable	19,762	8,140

ANDREW SCOTT MACHINERY LIMITED

iXBRL Detailed Profit and Loss Account for the Year Ended 31 December 2024

	2024 £	2023 £
Profit on ordinary activities before taxation	294,267	220,371
Tax on profit or loss on ordinary activities	(75,232)	(45,548)
Profit for the financial year	219,035	174,823