Sutton Coldfield Model Engineering Society Ltd

	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—6

Registered number: 02345501

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		64,848		11,929

			64,848		11,929
CURRENT ASSETS
Cash at bank and in hand		40,854		47,044

		40,854		47,044
Creditors: Amounts Falling Due Within One Year	5	(6,229 )		(5,779 )

NET CURRENT ASSETS (LIABILITIES)			34,625		41,265

TOTAL ASSETS LESS CURRENT LIABILITIES			99,473		53,194

Creditors: Amounts Falling Due After More Than One Year	6		(42,750 )		-

NET ASSETS			56,723		53,194

Income and Expenditure Account			56,723		53,194

MEMBERS' FUNDS			56,723		53,194

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Sutton Coldfield Model Engineering Society Ltd

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 and Expenditure Account.

On behalf of the board

Mr Anthony Critchley

Director

5th May 2026

The notes on pages 4 to 6 form part of these financial statements.

	Income and Expenditure Account
	£
As at 1 April 2024	51,346
Profit for the year and total comprehensive income	1,848

As at 31 March 2025 and 1 April 2025	53,194


Profit for the year and total comprehensive income	3,529

As at 31 March 2026	56,723

1. General Information

Sutton Coldfield Model Engineering Society Ltd is a private company, limited by guarantee, incorporated in England & Wales, registered number 02345501 . The registered office is Balleny Green, Little Hay, Lichfield, Staffordshire, WS14 0QB.

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. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. 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.

2.4. Tangible Fixed Assets and Depreciation

Most capital expenditure incurred at the company's premises at Balleny Green is written off in the year in which the expenditure occurs as the property must be returned to agricultural land if the company vacates the property.

Restroom facilities, mainly financed by a grant from HS2 Limited , have been capitalised and will be written off over a period of 10 years

Freehold property is not depreciated as in the opinion of the Directors it has maintained its value. Buildings are being depreciated at 10% per annum.

Freehold

£66742

2.5. Taxation

The Society's income is generally treated as being mutual trading and therefore not liable to Corporation Tax.

However where income is received from non-members then any surplus is liable to Corporation Tax after deducting any applicable expenditure and a portion of the overheads of the Society.

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Sutton Coldfield Model Engineering Society Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

3. Average Number of Employees

The average number of employees including Directors was;

	2026	2025
Office and administration	7	7

	7	7

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 April 2025	11,929
Additions	59,593

As at 31 March 2026	71,522

Depreciation
As at 1 April 2025	-
Provided during the period	6,674

As at 31 March 2026	6,674

Net Book Value
As at 31 March 2026	64,848

As at 1 April 2025	11,929

If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:

	Land & Property
	Freehold
	£
Cost	66,743
Accumulated depreciation and impairment	5,960

Carrying amount	60,783

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Sutton Coldfield Model Engineering Society Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Corporation tax	1,107	407
Accruals and deferred income	5,122	5,372

	6,229	5,779

6. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Capital grants	42,750	-

7. Capital Grants

	2026	2025
	£	£
Increase / (Decrease) in the year	42,750	-

Balance at 31 March 2026	42,750	-

During the year the company received a grant from HS2 Limited of £47,500 towards a new clubhouse. This grant will be written off to the profit & loss account over 10 years, the expected life of the building.

8. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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