Powell McNeil Machinery Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01091811 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2025

for

Powell McNeil Machinery Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D McNeil

Miss F A McNeil

REGISTERED OFFICE:

Trios House

Reform Road

Maidenhead

Berkshire

SL6 8BY

BUSINESS ADDRESS:

Hawksworth Industrial Estate

Swindon

Wiltshire

SN2 1DZ

REGISTERED NUMBER:

01091811 (England and Wales)

ACCOUNTANTS:

Hannaways

Trios House

Reform Road

Maidenhead

Berkshire

SL6 8BY

FIXED ASSETS

Tangible assets

4

13,147

7,867

Investments

5

36,312

22,401

49,459

30,268

CURRENT ASSETS

Stocks

6

178,000

215,510

Debtors

7

331,420

331,107

Cash at bank

859,747

926,560

1,369,167

1,473,177

CREDITORS

Amounts falling due within one year

8

49,576

194,964

NET CURRENT ASSETS

1,319,591

1,278,213

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,369,050

1,308,481

CAPITAL AND RESERVES

Called up share capital

10

5,100

Retained earnings

11

1,363,950

1,303,381

SHAREHOLDERS' FUNDS

1,369,050

1,308,481

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th May 2026 and were signed on its behalf by:

D McNeil - Director

1.	STATUTORY INFORMATION

Powell McNeil Machinery Company 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 as modified by the revaluation of certain assets.

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.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% 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 Statement of Income and Retained Earnings, 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.

Fixed asset investments

Listed investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured ar fair value with any changes to fair value recognised in profit or loss.

Short term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction cost. Any losses from impairment are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 1st January 2025

98,974

27,480

4,354

130,808

Additions

8,175

-

8,175

At 31st December 2025

107,149

27,480

4,354

138,983

DEPRECIATION

At 1st January 2025

96,159

22,589

4,193

122,941

Charge for year

1,648

1,223

24

2,895

At 31st December 2025

97,807

23,812

4,217

125,836

NET BOOK VALUE

At 31st December 2025

9,342

3,668

137

13,147

At 31st December 2024

2,815

4,891

161

7,867

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1st January 2025

22,401

Fair value adjustment

13,911

At 31st December 2025

36,312

NET BOOK VALUE

At 31st December 2025

36,312

At 31st December 2024

22,401

6.

STOCKS

2025

2024

£

Stocks

178,000

215,510

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

15,457

105,946

Amounts owed by group undertakings

274,775

187,192

Other debtors

25,819

22,687

Prepayments

15,369

15,282

331,420

331,107

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

33,355

113,902

Corporation tax

11,846

-

Social security and other taxes

3,751

8,540

Directors' current accounts

174

4

Accrued expenses

450

72,518

49,576

194,964

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Between one and five years

40,000

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

5,100

Ordinary

£1

5,100

11.

RESERVES

Retained

earnings

£

At 1st January 2025

1,303,381

Profit for the year

60,569

At 31st December 2025

1,363,950

Included in reserves are unrealised losses of £75,780 (2023 £85,958).

12.	RELATED PARTY DISCLOSURES

Included in Administration expenses in the profit and loss account is £40,000 (2024 £40,000) rent charged by Scottcam Holdings Limited, the ultimate parent company.

The amount due from Scottcam Holdings Limited at the year end is disclosed in note 9 of the financial statements.

13.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Scottcam Holdings Limited, a company controlled by the director D McNeil, by virtue of his controlling interest in the ordinary share capital of that company.