REGISTERED NUMBER: 05474383 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

RJW MACHINERY SALES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R J Whitbread

J R Whitbread

SECRETARY:

J R Whitbread

REGISTERED OFFICE:

Croft Chambers

11 Bancroft

Hitchin

Herts

SG5 1JQ

REGISTERED NUMBER:

05474383 (England and Wales)

ACCOUNTANTS:

Bradshaw Johnson

Chartered Accountants

Croft Chambers

11 Bancroft

Hitchin

Hertfordshire

SG5 1JQ

FIXED ASSETS

Tangible assets

5

417,728

337,576

CURRENT ASSETS

Stocks

839,336

1,075,647

Debtors

6

60,050

65,112

Cash at bank

17,680

59,285

917,066

1,200,044

CREDITORS

Amounts falling due within one year

7

714,341

846,367

NET CURRENT ASSETS

202,725

353,677

TOTAL ASSETS LESS CURRENT LIABILITIES

620,453

691,253

CREDITORS

Amounts falling due after more than one year

8

(371,470

)

(321,410

)

PROVISIONS FOR LIABILITIES

(759

)

(11,565

)

NET ASSETS

248,224

358,278

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

248,220

358,274

SHAREHOLDERS' FUNDS

248,224

358,278

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 29 December 2025 and were signed on its behalf by:

R J Whitbread - Director

1.	STATUTORY INFORMATION

RJW Machinery Sales Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Building

-

4% straight line

Equipment

-

25% on reducing balance

Office equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

5.	TANGIBLE FIXED ASSETS

Office

Motor

Building

Equipment

equipment

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

116,323

25,644

30,930

411,001

583,898

Additions

-

-

333

302,227

302,560

Disposals

-

-

-

(158,448

)

(158,448

)

At 31 December 2024

116,323

25,644

31,263

554,780

728,010

DEPRECIATION

At 1 January 2024

39,112

24,630

19,952

162,628

246,322

Charge for year

2,527

254

1,697

110,889

115,367

Eliminated on disposal

-

-

-

(51,407

)

(51,407

)

At 31 December 2024

41,639

24,884

21,649

222,110

310,282

NET BOOK VALUE

At 31 December 2024

74,684

760

9,614

332,670

417,728

At 31 December 2023

77,211

1,014

10,978

248,373

337,576

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

405,821

Additions

302,227

Disposals

(156,268

)

At 31 December 2024

551,780

DEPRECIATION

At 1 January 2024

158,409

Charge for year

110,652

Eliminated on disposal

(49,239

)

At 31 December 2024

219,822

NET BOOK VALUE

At 31 December 2024

331,958

At 31 December 2023

247,412

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

5,679

9,623

Other debtors

48,858

50,000

Prepayments and accrued income

5,513

5,489

60,050

65,112

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

247,730

266,369

Other loans

113,270

99,804

Hire purchase contracts (see note 9)

71,028

64,663

Trade creditors

144,197

260,685

Tax

82,155

72,200

Social security and other taxes

42,311

68,877

Directors' current accounts

1,490

1,404

Accrued expenses

12,160

12,365

714,341

846,367

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other loans - 1-2 years

39,650

87,200

Other loans - 2-5 years

-

33,334

Hire purchase contracts (see note 9)

331,820

200,876

371,470

321,410

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase

contracts

31.12.24

31.12.23

£

£

Net obligations repayable:

Within one year

71,028

64,663

Between one and five years

331,820

200,876

402,848

265,539

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank overdrafts

247,730

266,369

Hire purchase contracts

402,848

265,539

650,578

531,908

The bank overdraft is secured by a personal guarantee given by R J Whitbread.

The hire purchase contracts are secured on the assets for which they relate to.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

R J Whitbread

Balance outstanding at start of year

(405

)

7,965

Amounts advanced

(86

)

-

Amounts repaid

-

(8,370

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(491

)

(405

)

12.	RELATED PARTY DISCLOSURES

The controlling parties of the company is Mr R J Whitbread.

The company paid rent to R J Whitbread of £60,000 (2023 £60,000) for the use of land owned by him.