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REGISTERED NUMBER: 00541403 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2022

FOR

J.E.MORRIS(FARMERS)LIMITED

J.E.MORRIS(FARMERS)LIMITED (REGISTERED NUMBER: 00541403)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

J.E.MORRIS(FARMERS)LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2022







DIRECTOR: J L Morris





REGISTERED OFFICE: White House Farm
South Kyme Fen
Lincoln
Lincolnshire
LN4 4AL





REGISTERED NUMBER: 00541403 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ

J.E.MORRIS(FARMERS)LIMITED (REGISTERED NUMBER: 00541403)

STATEMENT OF FINANCIAL POSITION
5 APRIL 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 258,582 213,840
258,582 213,840

CURRENT ASSETS
Stocks 39,962 37,215
Debtors 6 144,912 131,042
Cash at bank 3,455 -
188,329 168,257
CREDITORS
Amounts falling due within one year 7 241,944 224,367
NET CURRENT LIABILITIES (53,615 ) (56,110 )
TOTAL ASSETS LESS CURRENT LIABILITIES 204,967 157,730

CREDITORS
Amounts falling due after more than one year 8 (41,077 ) (19,601 )

PROVISIONS FOR LIABILITIES (28,399 ) (20,864 )
NET ASSETS 135,491 117,265

CAPITAL AND RESERVES
Called up share capital 10 1,985 1,985
Retained earnings 133,506 115,280
SHAREHOLDERS' FUNDS 135,491 117,265

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 August 2022 and were signed by:




J L Morris - Director


J.E.MORRIS(FARMERS)LIMITED (REGISTERED NUMBER: 00541403)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022

1. STATUTORY INFORMATION

J.E.Morris(Farmers)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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible fixed assets
Intangible assets consist of entitlements to the basic payment scheme. The entitlements are recognised at fair value and written off on a straight line basis over the period to 31 December 2019.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost, 20% on cost, 15% on cost, 10% on cost and 5% on cost

Tangible fixed assets are held at cost less depreciation.

Valuation
A professional valuation is carried out each year by an independent agricultural valuer. The valuation is prepared in accordance with FRS102 and is valued at the lower of cost and fair value less costs to complete and sell after making due allowance for slow moving items. Costs include any cost of production incurred to bring the stock to its state at the balance sheet date.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

J.E.MORRIS(FARMERS)LIMITED (REGISTERED NUMBER: 00541403)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2022

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 6 April 2021
and 5 April 2022 19,399
AMORTISATION
At 6 April 2021
and 5 April 2022 19,399
NET BOOK VALUE
At 5 April 2022 -
At 5 April 2021 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 6 April 2021 104,776 356,964 461,740
Additions - 64,302 64,302
At 5 April 2022 104,776 421,266 526,042
DEPRECIATION
At 6 April 2021 15,443 232,457 247,900
Charge for year 361 19,199 19,560
At 5 April 2022 15,804 251,656 267,460
NET BOOK VALUE
At 5 April 2022 88,972 169,610 258,582
At 5 April 2021 89,333 124,507 213,840


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 120,225 113,855
Other debtors 24,687 17,187
144,912 131,042

J.E.MORRIS(FARMERS)LIMITED (REGISTERED NUMBER: 00541403)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 5,436 19,065
Hire purchase contracts 16,906 -
Trade creditors 133,786 110,915
Taxation and social security 3,746 10,953
Other creditors 82,070 83,434
241,944 224,367

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 14,165 19,601
Hire purchase contracts 26,912 -
41,077 19,601

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 19,601 34,796

The bank facilities are secured by a floating charge on the company's assets and a legal mortgage on the freehold land of approximately 89 acres.

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1,985 Ordinary £1 1,985 1,985

11. RELATED PARTY DISCLOSURES

At the year end, the company owed the director £7,366 (2021 : £7,510). The loan made from the director was unsecured, interest free and repayable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
J.E.MORRIS(FARMERS)LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J.E.Morris(Farmers)Limited for the year ended 5 April 2022 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of J.E.Morris(Farmers)Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J.E.Morris(Farmers)Limited and state those matters that we have agreed to state to the director of J.E.Morris(Farmers)Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J.E.Morris(Farmers)Limited and its director for our work or for this report.

It is your duty to ensure that J.E.Morris(Farmers)Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J.E.Morris(Farmers)Limited. You consider that J.E.Morris(Farmers)Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J.E.Morris(Farmers)Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ


Date: .............................................