Lichfield Machine Tools 1990 Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01217291 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

FOR

LICHFIELD MACHINE TOOLS 1990 LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

C T Wilkins

I A Hinton

SECRETARY:

I A Hinton

REGISTERED OFFICE:

C/O Kingsbury Jig & Tool Group Limited

London Road

Bassetts Pole

Sutton Coldfield

West Midlands

B75 5SA

REGISTERED NUMBER:

01217291 (England and Wales)

AUDITORS:

Crombies Accountants Limited

Chartered Accountants and Statutory Auditor

34 Waterloo Road

Wolverhampton

West Midlands

WV1 4DG

BANKERS:

Lloyds TSB Bank Plc

FIXED ASSETS

Tangible assets

4

1,896,245

1,977,619

Investments

5

2,000

Investment property

6

5,315,212

7,213,457

7,294,831

CURRENT ASSETS

Debtors

7

308,098

292,563

Prepayments and accrued income

8,873

8,327

Cash at bank

24,522

24,323

341,493

325,213

CREDITORS

Amounts falling due within one year

8

97,863

109,559

NET CURRENT ASSETS

243,630

215,654

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,457,087

7,510,485

PROVISIONS FOR LIABILITIES

9

558,150

NET ASSETS

6,898,937

6,952,335

CAPITAL AND RESERVES

Called up share capital

56

Capital redemption reserve

44

Fair value reserve

1,848,809

Investment property fair value reserve

2,723,965

Retained earnings

2,326,063

2,379,461

SHAREHOLDERS' FUNDS

6,898,937

6,952,335

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 2 October 2026 and were signed on its behalf by:

C T Wilkins - Director

1.	STATUTORY INFORMATION

Lichfield Machine Tools 1990 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The company has confirmed continued support from the subsidiary undertakings, and the directors consider the company retains sufficient working capital to continue trading for the foreseeable future

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

(a) Depreciation

Depreciation is provided on all tangible fixed assets other than freehold land and investment properties at rates calculated to write each asset down to its estimated residual value evenly over its expected useful life, as follows:-

Freehold buildings

over 35 years

Plant and machinery

over 20 years

Fixtures and fittings

over 10 years

Motor vehicles

over 4 years

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Investments

Long term investments are described as participating interests and are classified as fixed assets.

Participating interests are stated at cost.

Provision is made for any permanent diminution in the value of fixed asset investments.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 1 June 2025

and 31 May 2026

1,478,967

1,374,031

2,852,998

DEPRECIATION

At 1 June 2025

223,778

651,601

875,379

Charge for year

14,800

66,574

81,374

At 31 May 2026

238,578

718,175

956,753

NET BOOK VALUE

At 31 May 2026

1,240,389

655,856

1,896,245

At 31 May 2025

1,255,189

722,430

1,977,619

Cost or valuation at 31 May 2026 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

Valuation in 2009

420,875

-

420,875

Valuation in 2016

29,485

-

29,485

Valuation in 2024

(64,329

)

-

(64,329

)

Cost

1,092,936

1,374,031

2,466,967

1,478,967

1,374,031

2,852,998

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 June 2025

and 31 May 2026

2,000

NET BOOK VALUE

At 31 May 2026

2,000

At 31 May 2025

2,000

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2025

and 31 May 2026

5,315,212

NET BOOK VALUE

At 31 May 2026

5,315,212

At 31 May 2025

5,315,212

Deferred tax of £558,150 arose on the Other reserves.

The valuation of investment property was undertaken on 30 January 2024 based on an open market value by a consultant of KWB Property Management Limited who is a RICS Registered valuer.

The Directors have considered the fair value at the reporting date and confirmed no change.

Fair value at 31 May 2026 is represented by:

£

Valuation in 2009

1,255,103

Valuation in 2016

411,325

Valuation in 2024

1,351,798

Cost

2,296,986

5,315,212

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

4,883

10,294

Other debtors

303,215

282,269

308,098

292,563

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

33,238

47,240

Taxation and social security

1,511

128

Other creditors

63,114

62,191

97,863

109,559

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

Deferred tax

Other timing differences

558,150

Deferred

tax

£

Balance at 1 June 2025

558,150

Movement

Balance at 31 May 2026

558,150

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Fletcher BSc ACA (Senior Statutory Auditor)

for and on behalf of Crombies Accountants Limited

11.	OTHER FINANCIAL COMMITMENTS

The company has given a guarantee on behalf of related parties in relation to bank liabilities.