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Registered number: 11447810
World Tractors Limited
Unaudited Financial Statements
For The Year Ended 31 July 2025
Bowyer Pounds & Co
World Tractors Limited
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Notes to the Financial Statements | 3—5

Page 1
World Tractors Limited
Statement of Financial Position
As At 31 July 2025
Statement of Financial Position
Registered number: 11447810

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 154,082 |  | 116,359
|  |  | 154,082 |  | 116,359
CURRENT ASSETS
Stocks | 5 | 1,255,167 |  | 1,638,826 |
Debtors | 6 | 788,283 |  | 738,478 |
Cash at bank and in hand |  | 359,172 |  | 169,805 |
|  | 2,402,622 |  | 2,547,109 |
Creditors: Amounts Falling Due Within One Year | 7 | (355,361 ) |  | (561,357 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 2,047,261 |  | 1,985,752
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,201,343 |  | 2,102,111
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (22,488 ) |  | (26,350 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 10 |  | (28,762 ) |  | (22,107 )
NET ASSETS |  |  | 2,150,093 |  | 2,053,654
CAPITAL AND RESERVES
Called up share capital | 11 |  | 200 |  | 200
Income Statement |  |  | 2,149,893 |  | 2,053,454
SHAREHOLDERS' FUNDS |  |  | 2,150,093 |  | 2,053,654

Page 1
Page 2
World Tractors Limited
Statement of Financial Position (continued)
As At 31 July 2025
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board

Mr Samuel Morgan Director
21/04/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
World Tractors Limited
Notes to the Financial Statements
For The Year Ended 31 July 2025
Notes to the Financial Statements
1. General Information
World Tractors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11447810 . The registered office is 76 Glebe Lane, Barming, Maidstone, Kent, ME16 9BD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 25% reducing balance basis
Motor Vehicles | 25% reducing balance basis
Fixtures & Fittings | 0%
Computer Equipment | 33% straight line basis

2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 3
Page 4
World Tractors Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
4. Tangible Assets

| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Cost
As at 1 August 2024 | 128,578 | 84,442 | - | 2,482 | 215,502
Additions | 60,900 | 71,459 | 17,605 | 2,979 | 152,943
Disposals | (51,500 ) | (44,825 ) | - | - | (96,325 )
As at 31 July 2025 | 137,978 | 111,076 | 17,605 | 5,461 | 272,120
Depreciation
As at 1 August 2024 | 55,542 | 41,905 | - | 1,696 | 99,143
Provided during the period | 25,200 | 19,628 | - | 1,759 | 46,587
Disposals | (18,353 ) | (9,339 ) | - | - | (27,692 )
As at 31 July 2025 | 62,389 | 52,194 | - | 3,455 | 118,038
Net Book Value
As at 31 July 2025 | 75,589 | 58,882 | 17,605 | 2,006 | 154,082
As at 1 August 2024 | 73,036 | 42,537 | - | 786 | 116,359

5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 1,255,167 |  | 1,638,826

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 202,170 |  | 112,375
Other debtors | 586,113 |  | 626,103
| 788,283 |  | 738,478

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 10,000 |  | 11,366
Trade creditors | 253,391 |  | 147,396
Bank loans and overdrafts | 10,487 |  | 10,228
Other creditors | 40,966 |  | 220,110
Taxation and social security | 40,517 |  | 172,257
| 355,361 |  | 561,357

Page 4
Page 5
World Tractors Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 20,833 |  | 14,208
Bank loans | 1,655 |  | 12,142
| 22,488 |  | 26,350

9. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 10,000 |  | 11,366
Later than one year and not later than five years | 20,833 |  | 14,208
| 30,833 |  | 25,574
| 30,833 |  | 25,574

10. Deferred Taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other timing differences | 28,762 |  | 22,107

11. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 200 |  | 200

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