Fineturf Machinery Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08886469

Fineturf Machinery Limited

Filleted Financial Statements

For the year ended

31 December 2024

Fineturf Machinery Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		365,491	357,351

Current assets

Stocks		508,789	297,663
Debtors	6	81,568	158,875
Cash at bank and in hand		35,422	68,874
		---------	---------
		625,779	525,412

Creditors: amounts falling due within one year	7	571,011		442,017
		---------		---------
Net current assets			54,768	83,395
			---------	---------
Total assets less current liabilities			420,259	440,746

Creditors: amounts falling due after more than one year	8		35,146	72,000

Provisions

Taxation including deferred tax	15,397	11,746
	---------	---------
Net assets	369,716	357,000
	---------	---------

Fineturf Machinery Limited

Statement of Financial Position (continued)

31 December 2024

	2024		2023
Note	£	£	£

Capital and reserves

Called up share capital	1,000	1,000
Share premium account	9,900	9,900
Profit and loss account	358,816	346,100
	---------	---------
Shareholders funds	369,716	357,000
	---------	---------

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 29 September 2025 , and are signed on behalf of the board by:

S Hutton

Director

Company registration number: 08886469

Fineturf 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. The address of the registered office is The Barn, Charity Street, Carlton Scroop, Grantham, Lincolnshire, NG32 3AT.

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.

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. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The judgements and accounting estimates that management have made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as disclosed in the accounting policies and notes to these financial statements.

Revenue recognition

The turnover shown in the statement of comprehensive income 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.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

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 or loss.

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:

Land and buildings	-	2% straight line
Plant and machinery	-	10%-33% Straight line, 15% Reducing balance

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.

Financial instruments

The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Total
	£	£	£
Cost
At 1 January 2024	306,475	207,098	513,573
Additions	–	23,750	23,750
	---------	---------	---------
At 31 December 2024	306,475	230,848	537,323
	---------	---------	---------
Depreciation
At 1 January 2024	23,824	132,398	156,222
Charge for the year	1,222	14,388	15,610
	---------	---------	---------
At 31 December 2024	25,046	146,786	171,832
	---------	---------	---------
Carrying amount
At 31 December 2024	281,429	84,062	365,491
	---------	---------	---------
At 31 December 2023	282,651	74,700	357,351
	---------	---------	---------

Included within Freehold Property is land which the directors value at £96,000 (2023: £96,000) which has not been depreciated.

6. Debtors

	2024	2023
	£	£
Trade debtors	52,811	134,823
Amounts owed by group undertakings and undertakings in which the company has a participating interest	–	7,933
Other debtors	28,757	16,119
	--------	---------
	81,568	158,875
	--------	---------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	38,397	37,117
Trade creditors	12,044	19,055
Amounts owed to group undertakings and undertakings in which the company has a participating interest	478,716	306,478
Social security and other taxes	2,337	35,028
Other creditors	39,517	44,339
	---------	---------
	571,011	442,017
	---------	---------

Bank loans and overdrafts are secured against the assets of the company.

Included within the comparative bank loans is a Coronavirus business interruption loan. The lender has been provided with a guarantee from the UK Government.

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	35,146	72,000
	--------	--------

Bank loans and overdrafts are secured against the assets of the company.

Included within the comparative bank loans is a Coronavirus business interruption loan. The lender has been provided with a guarantee from the UK Government.

9. Contingencies

The company has provided cross guarantees for certain other group companies.

10. Summary audit opinion

The auditor's report dated 29 September 2025 was unqualified .

The senior statutory auditor was Jonathan Day , for and on behalf of Streets Audit LLP .

11. Related party transactions

The company has taken advantage of the exemptions available under FRS102 relating to the disclosure of related party transactions with other members of the S & F Hutton (Holdings) Limited group.

12. Controlling party

The company is a subsidiary of S & F Hutton (Holdings) Limited, a company incorporated in England & Wales. S & F Hutton (Holdings) Limited prepare group accounts. The address of the registered office is The Barn, Charity Street, Carlton Scroop, Grantham, Lincolnshire, NG32 3AT.