Company registration number: 04653642
Annual report and unaudited financial statements
for the year ended 31 May 2026
for
Machines and Tools Limited
Pages for filing with the Registrar
Company registration number: 04653642
Machines and Tools Limited
Balance sheet
as at 31 May 2026
2026 2025
Note £ £ £ £
Fixed assets
Tangible assets 4 59,615 18,154
59,615 18,154
Current assets
Stocks 90,000 87,000
Debtors 5 13,237 26,310
Cash at bank and in hand 45,834 54,033
149,071 167,343
Creditors: amounts falling due within one year
6 (49,345) (66,901)
Net current assets 99,726 100,442
Total assets less current liabilities 159,341 118,596
Creditors: Amounts falling due after more than one year
7 (20,477) -
Provisions for liabilities (14,904) (4,538)
NET ASSETS 123,960 114,058
Capital and reserves
Called up share capital 1 1
Profit and loss account 123,959 114,057
TOTAL EQUITY 123,960 114,058
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 May 2026.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 04653642
Machines and Tools Limited
Balance sheet - continued
as at 31 May 2026
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr R Braithwaite, Director
7 July 2026
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Machines and Tools Limited
Notes to the financial statements
for the year ended 31 May 2026
1 Company information
Machines and Tools Limited is a private company registered in England and Wales. Its registered number is 04653642. The company is limited by shares. Its registered office is Unit A16(1), Kenyon Court, Walter Leigh Way, Leigh, WN7 3PT.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 20% reducing balance
Fixtures & fittings - 30% reducing balance
Motor vehicles - 25% 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.
Work in progress is valued at the lower of cost and net realisable value. Cost is calculated using the first -in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
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Machines and Tools Limited
Notes to the financial statements - continued
for the year ended 31 May 2026
2 Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 2 (2025 - 2).
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Machines and Tools Limited
Notes to the financial statements - continued
for the year ended 31 May 2026
4 Tangible fixed assets
Plant and machinery etc.

£
Cost
At 1 June 2025 37,838
Additions 53,453
At 31 May 2026 91,291
Depreciation
At 1 June 2025 19,684
Charge for year 11,992
At 31 May 2026 31,676
Net book value
At 31 May 2026 59,615
At 31 May 2025 18,154
5 Debtors
2026 2025
£ £
Trade debtors 11,362 15,836
Taxation - 8,599
Other debtors 1,875 1,875
13,237 26,310
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Machines and Tools Limited
Notes to the financial statements - continued
for the year ended 31 May 2026
6 Creditors: amounts falling due within one year
2026 2025
£ £
Bank loans and overdrafts 4 5,256
Hire purchase and finance leases 13,651 577
Trade creditors 3,458 25,731
Amounts owed to directors 20,189 24,332
Other creditors 1,222 1,123
Taxation 3,708 8,475
VAT payable 5,020 -
Social security and other tax 593 407
Accruals and deferred income 1,500 1,000
49,345 66,901
7 Creditors: amounts falling due after more than one year
2026 2025
£ £
Hire purchase and finance leases 20,477 -
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