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Registration number: 13377015

Shaws Tractors and Machinery Limited
Annual Report and Unaudited Filleted Financial Statements
for the Year Ended 31 May 2026

Shaws Tractors and Machinery Limited

(Registration number: 13377015)
Balance Sheet
31 May 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 16,298 | 28,623
Current assets |  |  |
Stocks | 5 | 22,505 | 22,505
Debtors | 6 | 239,215 | 392,771
Cash at bank and in hand |  | 2,538 | 7,633
|  | 264,258 | 422,909
Creditors: Amounts falling due within one year | 7 | (149,027) | (147,955)
Net current assets |  | 115,231 | 274,954
Total assets less current liabilities |  | 131,529 | 303,577
Creditors: Amounts falling due after more than one year | 7 | (17,392) | (22,222)
Net assets |  | 114,137 | 281,355
Capital and reserves |  |  |
Called up share capital |  | 333 | 333
Share premium reserve |  | 419,867 | 419,867
Retained earnings |  | (306,063) | (138,845)
Shareholders' funds |  | 114,137 | 281,355

Shaws Tractors and Machinery Limited

(Registration number: 13377015)
Balance Sheet
31 May 2026

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

Director's 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 director acknowledges his 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.

These financial statements have been 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 July 2026

......................................... E Asare Osafo Director

Shaws Tractors and Machinery Limited

Notes to the Unaudited Financial Statements
Year Ended 31 May 2026

1 | General information

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

The address of its registered office is:
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

The principal place of business is:
46 Courts Barton
Frome
Somerset
BA11 4QA

These financial statements were authorised for issue by the director on 2 July 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.

Going concern

The financial statements have been prepared on a going concern basis.

Shaws Tractors and Machinery Limited

Notes to the Unaudited Financial Statements
Year Ended 31 May 2026

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.

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 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
Motor vehicles | 25% on the reducing balance
Office equipment | 33% on a straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Shaws Tractors and Machinery Limited

Notes to the Unaudited Financial Statements
Year Ended 31 May 2026

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.

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.

Shaws Tractors and Machinery Limited

Notes to the Unaudited Financial Statements
Year Ended 31 May 2026

Leases

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.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2025 - 1).

Shaws Tractors and Machinery Limited

Notes to the Unaudited Financial Statements
Year Ended 31 May 2026

4 | Tangible assets

| Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 June 2025 | 1,922 | 39,026 | 40,948
At 31 May 2026 | 1,922 | 39,026 | 40,948
Depreciation
At 1 June 2025 | - | 12,325 | 12,325
Charge for the year | - | 12,325 | 12,325
At 31 May 2026 | - | 24,650 | 24,650
Carrying amount
At 31 May 2026 | 1,922 | 14,376 | 16,298
At 31 May 2025 | 1,922 | 26,701 | 28,623

5 | Stocks

| 2026 £ | 2025 £
Other inventories | 22,505 | 22,505

6 | Debtors

| 2026 £ | 2025 £
Trade debtors | 78,527 | 227,356
Other debtors | 160,688 | 165,415
| 239,215 | 392,771

Shaws Tractors and Machinery Limited

Notes to the Unaudited Financial Statements
Year Ended 31 May 2026

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Loans and borrowings | 8 | 5,000 | -
Taxation and social security |  | 25,645 | 41,517
Accruals and deferred income |  | 8,800 | -
Other creditors |  | 109,582 | 106,438
|  | 149,027 | 147,955

Creditors: amounts falling due after more than one year

| Note | 2026 £ | 2025 £
Due after one year |  |  |
Loans and borrowings | 8 | 17,392 | 22,222

8 | Loans and borrowings

Non-current loans and borrowings

| 2026 £ | 2025 £
Hire purchase contracts | 17,392 | 22,222

Current loans and borrowings

| 2026 £ | 2025 £
Other borrowings | 5,000 | -