Southwick Tractor Co. Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01855215 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SOUTHWICK TRACTOR CO. LIMITED

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

Notes to the Financial Statements

5

Report of the Accountants

7

DIRECTORS:

A R Doel

D Doel

REGISTERED OFFICE:

584 Wellsway

Bath

Somerset

BA2 2UE

REGISTERED NUMBER:

01855215 (England and Wales)

ACCOUNTANTS:

SMH Taxation and Accountancy Ltd

16 Kipling Avenue

Bath

Somerset

BA2 4RB

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

DIRECTORS

A R Doel has held office during the whole of the period from 1 April 2024 to the date of this report.

Other changes in directors holding office are as follows:

Mrs P A Doel - resigned 31 March 2025

D Doel - appointed 31 March 2025

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

A R Doel - Director

11 December 2025

FIXED ASSETS

Tangible assets

4

1,321,913

1,375,226

CURRENT ASSETS

Debtors

5

1,434,677

1,374,761

Cash at bank

591,813

559,314

2,026,490

1,934,075

CREDITORS

Amounts falling due within one year

6

(752,514

)

(791,112

)

NET CURRENT ASSETS

1,273,976

1,142,963

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,595,889

2,518,189

CAPITAL AND RESERVES

Called up share capital

49

Capital redemption reserve

51

Retained earnings

2,595,789

2,518,089

SHAREHOLDERS' FUNDS

2,595,889

2,518,189

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

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

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

A R Doel - Director

1.	STATUTORY INFORMATION

Southwick Tractor Co. 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.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 NIL (2024 - 3 ).

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

COST

At 1 April 2024

1,166,641

530,713

40,500

901

1,738,755

Additions

-

43,000

-

43,000

Disposals

-

(90,000

)

-

(90,000

)

At 31 March 2025

1,166,641

483,713

40,500

901

1,691,755

DEPRECIATION

At 1 April 2024

-

322,128

40,500

901

363,529

Charge for year

-

19,813

-

19,813

Eliminated on disposal

-

(13,500

)

-

(13,500

)

At 31 March 2025

-

328,441

40,500

901

369,842

NET BOOK VALUE

At 31 March 2025

1,166,641

155,272

-

1,321,913

At 31 March 2024

1,166,641

208,585

-

1,375,226

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

1,434,677

1,362,677

VAT

-

12,084

1,434,677

1,374,761

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

122,239

241,422

Tax

34,923

38,582

VAT

11,804

-

Directors' current accounts

507,055

434,615

Accruals and deferred income

76,493

752,514

791,112

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

SMH Taxation and Accountancy Ltd

16 Kipling Avenue

Bath

Somerset

BA2 4RB

Date: .............................................