Peter Smart (Machine Tools) Limited 01126524 true 2024-10-01 2025-09-30 2025-09-30 The principal activity of the company is that of a dormant company. Digita Accounts Production Advanced 6.30.9574.0 true C C Smart N G Smart 01126524 2024-10-01 2025-09-30 01126524 2025-09-30 01126524 bus:OrdinaryShareClass1 2025-09-30 01126524 core:RetainedEarningsAccumulatedLosses 2025-09-30 01126524 core:ShareCapital 2025-09-30 01126524 core:CurrentFinancialInstruments 2025-09-30 01126524 core:CurrentFinancialInstruments core:WithinOneYear 2025-09-30 01126524 core:OtherPropertyPlantEquipment 2025-09-30 01126524 bus:FRS102 2024-10-01 2025-09-30 01126524 bus:AuditExempt-NoAccountantsReport 2024-10-01 2025-09-30 01126524 bus:FullAccounts 2024-10-01 2025-09-30 01126524 bus:RegisteredOffice 2024-10-01 2025-09-30 01126524 bus:CompanySecretaryDirector1 2024-10-01 2025-09-30 01126524 bus:Director2 2024-10-01 2025-09-30 01126524 bus:OrdinaryShareClass1 2024-10-01 2025-09-30 01126524 bus:EntityNoLongerTradingButTradedInPast 2024-10-01 2025-09-30 01126524 bus:Consolidated 2024-10-01 2025-09-30 01126524 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 01126524 core:PlantMachinery 2024-10-01 2025-09-30 01126524 countries:AllCountries 2024-10-01 2025-09-30 01126524 2024-09-30 01126524 core:OtherPropertyPlantEquipment 2024-09-30 01126524 2024-09-30 01126524 bus:OrdinaryShareClass1 2024-09-30 01126524 core:RetainedEarningsAccumulatedLosses 2024-09-30 01126524 core:ShareCapital 2024-09-30 01126524 core:CurrentFinancialInstruments 2024-09-30 01126524 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 01126524 core:OtherPropertyPlantEquipment 2024-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01126524

Peter Smart (Machine Tools) Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 September 2025

Peter Smart (Machine Tools) Limited

(Registration number: 01126524)
Balance Sheet as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 3 | 1,920 | 1,920
Current assets |  |  |
Debtors | 4 | 2,843 | 2,843
Cash at bank and in hand |  | 904 | 904
|  | 3,747 | 3,747
Creditors: Amounts falling due within one year | 5 | (94,700) | (94,700)
Net current liabilities |  | (90,953) | (90,953)
Net liabilities |  | (89,033) | (89,033)
Capital and reserves |  |  |
Called up share capital | 6 | 100 | 100
Retained earnings |  | (89,133) | (89,133)
Shareholders' deficit |  | (89,033) | (89,033)

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 4 June 2026 and signed on its behalf by:

......................................... N G Smart Director |  |

Peter Smart (Machine Tools) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales. The company's registration number is 01126524.

The address of its registered office is:
C/o Bissell & Brown
Charter House
56 High Street
Sutton Coldfield
West Midlands
B72 1UJ
United Kingdom

The principal place of business is:
6 Compton Road
West Charleton
Kingsbridge
Devon
TQ7 2BP

These financial statements were authorised for issue by the Board on 4 June 2026.

2 | Accounting policies

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 £.

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.

Depreciation

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

Asset class | Depreciation method and rate
Plant and equipment | 10% reducing balance

Peter Smart (Machine Tools) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)

2 | Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

3 | Tangible assets

| Other tangible assets £ | Total £
Cost or valuation
At 1 October 2024 | 3,250 | 3,250
At 30 September 2025 | 3,250 | 3,250
Depreciation
At 1 October 2024 | 1,330 | 1,330
At 30 September 2025 | 1,330 | 1,330
Carrying amount
At 30 September 2025 | 1,920 | 1,920
At 30 September 2024 | 1,920 | 1,920

Peter Smart (Machine Tools) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)

4 | Debtors

Current | Note | 2025 £ | 2024 £
Amounts owed by related parties |  | 1,984 | 1,984
Other debtors |  | 859 | 859
|  | 2,843 | 2,843

5 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 7 | 1,829 | 1,829
Trade creditors |  | 17,529 | 17,529
Amounts due to related parties |  | 35,254 | 35,254
Social security and other taxes |  | 7,087 | 7,087
Other payables |  | 2,001 | 2,001
Accruals |  | 31,000 | 31,000
|  | 94,700 | 94,700

6 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary share of £1 each | 100 | 100 | 100 | 100

Rights, preferences and restrictions

Ordinary shares have the following rights, preferences and restrictions: Holders of the ordinary share capital have a right to vote and receive dividends.

7 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 1,829 | 1,829