REGISTERED NUMBER: 09976641 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Irvin Nutt South West Planers Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I M E Nutt

REGISTERED OFFICE:

Hornbury Farm

Hornbury Hill

Chard

Somerset

TA20 3DB

REGISTERED NUMBER:

09976641 (England and Wales)

ACCOUNTANTS:

Guilfoyle Sage LLP

21 Gold Tops

Newport

South Wales

NP20 4PG

FIXED ASSETS

Tangible assets

4

427,310

153,970

CURRENT ASSETS

Stocks

3,150

-

Debtors

5

139,834

93,252

Prepayments and accrued income

19,517

12,882

Cash at bank

184,601

4

347,102

106,138

CREDITORS

Amounts falling due within one year

6

388,275

130,344

NET CURRENT LIABILITIES

(41,173

)

(24,206

)

TOTAL ASSETS LESS CURRENT LIABILITIES

386,137

129,764

CREDITORS

Amounts falling due after more than one year

7

(3,333

)

(27,938

)

PROVISIONS FOR LIABILITIES

(95,944

)

(25,450

)

NET ASSETS

286,860

76,376

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

286,858

76,374

286,860

76,376

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2025 and were signed by:

I M E Nutt - Director

1.	STATUTORY INFORMATION

Irvin Nutt South West Planers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Transition from FRS 105

The company has previously reported under Financial Reporting Standard 105.

The transition to Financial Reporting Standard 102 has required the following changes in accounting policy:

Director loan account is now deemed to be repayable on demand

Deferred Tax has been included

Reconciliation of equity under previous financial reporting framework to equity under FRS 102 1A:

1 - as at the date of transition (1 February 2023)

Capital and reserves as previously reported 18,464

Provision for deferred tax (4,610)

Capital and reserves under FRS 102 13,854

2 - as at 31 January 2024

Capital and reserves as previously reported 101,824

Provision for deferred tax (25,450)

Capital and reserves under FRS 102 75,554

There has been no impact on reported profits before tax.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

514,755

Additions

360,100

Disposals

(13,500

)

At 31 January 2025

861,355

DEPRECIATION

At 1 February 2024

360,785

Charge for year

83,545

Eliminated on disposal

(10,285

)

At 31 January 2025

434,045

NET BOOK VALUE

At 31 January 2025

427,310

At 31 January 2024

153,970

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

77,074

80,550

Other debtors

62,760

12,702

139,834

93,252

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

10,000

17,912

Hire purchase contracts

87,129

32,286

Trade creditors

227,593

13,972

Taxation and social security

3,788

8,184

Other creditors

59,765

57,990

388,275

130,344

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

3,333

13,333

Hire purchase contracts

-

14,605

3,333

27,938