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Registered number: 11131246
Abbotts Machinery Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2026
DKR Chartered Accountants
36 Lichfield Street
Walsall
West Midlands
WS1 1TJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11131246
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 42,398 38,814
Investments 5 100 100
42,498 38,914
CURRENT ASSETS
Stocks 6 215,000 165,000
Debtors 7 215,593 25,170
Cash at bank and in hand 19,923 4,872
450,516 195,042
Creditors: Amounts Falling Due Within One Year 8 (325,427 ) (94,323 )
NET CURRENT ASSETS (LIABILITIES) 125,089 100,719
TOTAL ASSETS LESS CURRENT LIABILITIES 167,587 139,633
Creditors: Amounts Falling Due After More Than One Year 9 (32,666 ) (11,565 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,502 ) (4,320 )
NET ASSETS 125,419 123,748
CAPITAL AND RESERVES
Called up share capital 11 1 1
Profit and Loss Account 125,418 123,747
SHAREHOLDERS' FUNDS 125,419 123,748
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Page 2
For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Profit and Loss Account.
On behalf of the board
Mr Todd Turbin
Director
22nd October 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Abbotts Machinery Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11131246 . The registered office is Northgate Works, Stanley Lane, Bridgnorth, WV16 4SF.
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. 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.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
3Average number of employees, including directors, during the year was: 3 (2025: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2025 26,068 29,300 12,960 4,951 73,279
Additions - 12,000 - - 12,000
As at 31 January 2026 26,068 41,300 12,960 4,951 85,279
Depreciation
As at 1 February 2025 12,015 15,505 4,121 2,824 34,465
Provided during the period 2,106 4,451 1,327 532 8,416
As at 31 January 2026 14,121 19,956 5,448 3,356 42,881
Net Book Value
As at 31 January 2026 11,947 21,344 7,512 1,595 42,398
As at 1 February 2025 14,053 13,795 8,839 2,127 38,814
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5. Investments
Unlisted
£
Cost or Valuation
As at 1 February 2025 100
As at 31 January 2026 100
Provision
As at 1 February 2025 -
As at 31 January 2026 -
Net Book Value
As at 31 January 2026 100
As at 1 February 2025 100
6. Stocks
2026 2025
£ £
Finished goods 215,000 165,000
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 6,909 2,771
Prepayments and accrued income 125 654
Other debtors 206,735 18,084
VAT 1,824 3,661
215,593 25,170
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 4,499 4,043
Trade creditors 89,971 28,775
Bank loans and overdrafts 16,356 12,438
Corporation tax 10,227 24,928
Other taxes and social security 713 1,081
Other creditors 183,251 751
Pensions 14 14
Accruals and deferred income 1,802 333
Director's loan account 18,594 21,960
325,427 94,323
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9. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 2,895 7,394
Bank loans 29,771 4,171
32,666 11,565
10. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,012 5,012
Later than one year and not later than five years 2,984 7,996
7,996 13,008
Less: Finance charges allocated to future periods 602 1,571
7,394 11,437
11. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 1 1
12. Related Party Transactions
As of 31 January 2026, there was an amount owed to the company of £204,001 (2025: nil) by entities which are under common control. This loan is interest free and repayable on demand.
As of 31 January 2026. there was an amount owed to the company of £2,734 (2025: £2,734) by entities in which a director holds a significant interest. This loan is interest free and repayable on demand.
As of 31 January 2026, there were amounts owed by the company of £711 (2025: £751) to a subsidiary company. This loan is interest free and repayable on demand.
As of 31 January 2026, there were amounts included within creditors of £187,980 (2025: nil) owed to an associated person of a director. 
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