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Registration number: 14878860

Baggleys Machinery Limited
trading as Baggleys Machinery
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

Baggleys Machinery Limited
trading as Baggleys Machinery

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 11

Baggleys Machinery Limited
trading as Baggleys Machinery

Registration number: 14878860
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 216,008 | 241,818
Current assets |  |  |
Stocks | 5 | 358,728 | 349,496
Debtors | 6 | 103,564 | 49,385
Cash at bank and in hand |  | 46,170 | 47,858
|  | 508,462 | 446,739
Creditors: Amounts falling due within one year | 7 | (492,219) | (464,033)
Net current assets/(liabilities) |  | 16,243 | (17,294)
Total assets less current liabilities |  | 232,251 | 224,524
Creditors: Amounts falling due after more than one year | 7 | (67,066) | (114,770)
Provisions for liabilities |  | (4,799) | (6,786)
Net assets |  | 160,386 | 102,968
Capital and reserves |  |  |
Called up share capital | 8 | 100 | 100
Retained earnings |  | 160,286 | 102,868
Shareholders' funds |  | 160,386 | 102,968

The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

Baggleys Machinery Limited
trading as Baggleys Machinery

Registration number: 14878860
Balance Sheet as at 31 May 2025 (continued)

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 February 2026 and signed on its behalf by:

S Mansfield Director |  |

Baggleys Machinery Limited
trading as Baggleys Machinery

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Watton Road
Barford
Norwich
Norfolk
NR9 4AR
England

These financial statements were authorised for issue by the Board on 25 February 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Baggleys Machinery Limited
trading as Baggleys Machinery

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

2 | Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Baggleys Machinery Limited
trading as Baggleys Machinery

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

2 | Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant & Machinery | Reducing Balance 15%
Motor Vehicles | Reducing Balance 25%
Freehold Property | Straight Line over 20 years
Office Equipment | Reducing Balance 25%

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Baggleys Machinery Limited
trading as Baggleys Machinery

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

2 | Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Baggleys Machinery Limited
trading as Baggleys Machinery

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2024 - 7).

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Other property, plant and equipment £ | Total £
Cost or valuation
At 1 June 2024 | 38,323 | 9,717 | 163,104 | 89,169 | 300,313
Additions | - | 2,654 | - | 24,000 | 26,654
Disposals | - | (2,269) | - | (1,705) | (3,974)
At 31 May 2025 | 38,323 | 10,102 | 163,104 | 111,464 | 322,993
Depreciation
At 1 June 2024 | 1,916 | 2,429 | 40,776 | 13,374 | 58,495
Charge for the period | 1,916 | 2,062 | 30,584 | 14,752 | 49,314
Eliminated on disposal | - | (568) | - | (256) | (824)
At 31 May 2025 | 3,832 | 3,923 | 71,360 | 27,870 | 106,985
Carrying amount
At 31 May 2025 | 34,491 | 6,179 | 91,744 | 83,594 | 216,008
At 31 May 2024 | 36,407 | 7,288 | 122,328 | 75,795 | 241,818

Included within the net book value of land and buildings above is £34,491 (2024 - £36,407) in respect of freehold land and buildings.

Baggleys Machinery Limited
trading as Baggleys Machinery

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

5 | Stocks

| 2025 £ | 2024 £
Finished goods and goods for resale | 358,728 | 349,496

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 103,564 | 49,385
| 103,564 | 49,385

Baggleys Machinery Limited
trading as Baggleys Machinery

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Bank loans and overdrafts | 9 | 54,058 | 64,230
Trade creditors |  | 103,099 | 170,148
Directors loan accounts |  | 185,217 | 181,441
Taxation and social security |  | 68,623 | 38,644
Other creditors |  | 81,222 | 9,570
|  | 492,219 | 464,033
Due after one year |  |  |
Loans and borrowings | 9 | 67,066 | 114,770

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 67,066 | 114,770

Baggleys Machinery Limited
trading as Baggleys Machinery

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary A Shares of £1 each | 60 | 60 | 60 | 60
Ordinary B Shares of £1 each | 40 | 40 | 40 | 40
| 100 | 100 | 100 | 100

9 | Loans and borrowings

| 2025 £ | 2024 £
Non-current loans and borrowings
Bank borrowings | 35,070 | 64,152
HP and finance lease liabilities | 31,996 | 50,618
| 67,066 | 114,770

Baggleys Machinery Limited
trading as Baggleys Machinery

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

9 | Loans and borrowings (continued)

| 2025 £ | 2024 £
Current loans and borrowings
Bank borrowings | 35,189 | 35,190
Bank overdrafts | 247 | 7,897
HP and finance lease liabilities | 18,622 | 21,143
| 54,058 | 64,230