REGISTERED NUMBER: 03607961 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

PHIL GEESIN MACHINERY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J P Geesin

S Geesin

SECRETARY:

M J Mace

REGISTERED OFFICE:

101 Carlisle Street East

Sheffield

South Yorkshire

S4 7QN

REGISTERED NUMBER:

03607961 (England and Wales)

ACCOUNTANTS:

Marriott Gibbs Rees Wallis Limited

Chartered Certified Accountants

First Floor

Unit 4, Broadfield Court

Sheffield

South Yorkshire

S8 0XF

FIXED ASSETS

Tangible assets

4

33,547

37,865

CURRENT ASSETS

Stocks

73,340

75,099

Debtors

5

28,353

64,485

Cash at bank and in hand

9,536

29,674

111,229

169,258

CREDITORS

Amounts falling due within one year

6

115,954

81,502

NET CURRENT (LIABILITIES)/ASSETS

(4,725

)

87,756

TOTAL ASSETS LESS CURRENT LIABILITIES

28,822

125,621

CREDITORS

Amounts falling due after more than one year

7

-

13,950

NET ASSETS

28,822

111,671

CAPITAL AND RESERVES

Called up share capital

128,917

128,917

Retained earnings

(100,095

)

(17,246

)

28,822

111,671

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Profit and loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:

S Geesin - Director

1.	STATUTORY INFORMATION

Phil Geesin Machinery 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 represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible fixed assets

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset Class

Depreciation method and rate

Property improvements

Straight line over 25 years

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

Fixtures, fittings and equipment

15 - 33% 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.

Machinery and tool stock is recognised as an expense when sold.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss, 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.

Going concern

The financial statements have been prepared on a going concern basis on the grounds that the company will continue to receive financial support from the director.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Property

Plant and

and

Motor

improvements

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 October 2024

and 30 September 2025

50,048

24,970

5,555

50,136

130,709

DEPRECIATION

At 1 October 2024

35,568

23,598

4,868

28,810

92,844

Charge for year

2,002

343

205

1,768

4,318

At 30 September 2025

37,570

23,941

5,073

30,578

97,162

NET BOOK VALUE

At 30 September 2025

12,478

1,029

482

19,558

33,547

At 30 September 2024

14,480

1,372

687

21,326

37,865

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

7,844

59,607

Other debtors

20,509

4,878

28,353

64,485

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

13,950

10,162

Trade creditors

10,016

39,606

Taxation and social security

7,922

5,154

Other creditors

84,066

26,580

115,954

81,502

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

13,950

8.	RELATED PARTY DISCLOSURES

J P Geesin

Director

During the year interest was charged of £21 (2023 - £547) on amounts owed to J P Geesin. At the balance sheet date the amount due to J P Geesin was £438 (2023 - £15,838). The interest is calculated at 3.5% (2023 - 3.5%). The loan is repayable on demand.

S Geesin

Director

At the balance sheet date the amount owed to S Geesin was £1,657 (2023 - £2,550).

P G Properties

(The director, J P Geesin, trading as P G Properties, owns the property occupied by the company)

During the year the company was charged rent of £21,000 (2023 - £24,000) by P G Properties. At the balance sheet date the amount due to P G Properties was £22,851 (balance was due from in 2023 - £7,851).