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REGISTERED NUMBER: 07886544 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 March 2023

for

CJ & B Parr & Sons Limited

CJ & B Parr & Sons Limited (Registered number: 07886544)






Contents of the Financial Statements
for the Year Ended 30 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CJ & B Parr & Sons Limited

Company Information
for the Year Ended 30 March 2023







DIRECTORS: M J Parr
S J Parr





REGISTERED OFFICE: Mill Farm
Corringham
Gainsborough
Lincolnshire
DN21 5RB





REGISTERED NUMBER: 07886544 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

CJ & B Parr & Sons Limited (Registered number: 07886544)

Balance Sheet
30 March 2023

30.3.23 30.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,000 22,000
Tangible assets 5 545,240 407,147
565,240 429,147

CURRENT ASSETS
Stocks 12,000 12,000
Debtors 6 17,631 28,822
Cash at bank 214,628 108,707
244,259 149,529
CREDITORS
Amounts falling due within one year 7 383,976 254,931
NET CURRENT LIABILITIES (139,717 ) (105,402 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

425,523

323,745

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 425,519 323,741
SHAREHOLDERS' FUNDS 425,523 323,745

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CJ & B Parr & Sons Limited (Registered number: 07886544)

Balance Sheet - continued
30 March 2023


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 Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:




M J Parr - Director



S J Parr - Director


CJ & B Parr & Sons Limited (Registered number: 07886544)

Notes to the Financial Statements
for the Year Ended 30 March 2023

1. STATUTORY INFORMATION

CJ & B Parr & Sons 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.

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.

Turnover
Turnover represents invoiced sales of farm produce, contracting services and agricultural subsidies.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Harvesters and corn driver - 15% on reducing balance
Tractors, implements and machine - 20% on reducing balance and 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer and security - 20% on 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.

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 balance sheet date.

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 2 (2022 - 2 ) .

CJ & B Parr & Sons Limited (Registered number: 07886544)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 March 2022
and 30 March 2023 40,000
AMORTISATION
At 31 March 2022 18,000
Amortisation for year 2,000
At 30 March 2023 20,000
NET BOOK VALUE
At 30 March 2023 20,000
At 30 March 2022 22,000

5. TANGIBLE FIXED ASSETS
Tractors,
Harvesters implements Computer
and corn and Motor and
driver machine vehicles security Totals
£    £    £    £    £   
COST OR VALUATION
At 31 March 2022 99,500 617,758 14,929 1,123 733,310
Additions - 87,780 - - 87,780
Disposals - (28,500 ) - - (28,500 )
Revaluations - (234,938 ) - - (234,938 )
At 30 March 2023 99,500 442,100 14,929 1,123 557,652
DEPRECIATION
At 31 March 2022 14,925 299,755 10,462 1,021 326,163
Charge for year 12,686 36,453 894 35 50,068
Revaluation adjustments (27,611 ) (336,208 ) - - (363,819 )
At 30 March 2023 - - 11,356 1,056 12,412
NET BOOK VALUE
At 30 March 2023 99,500 442,100 3,573 67 545,240
At 30 March 2022 84,575 318,003 4,467 102 407,147

Cost or valuation at 30 March 2023 is represented by:

Tractors,
Harvesters implements Computer
and corn and Motor and
driver machine vehicles security Totals
£    £    £    £    £   
Valuation in 2023 99,500 442,100 - - 541,600
Cost - - 14,929 1,123 16,052
99,500 442,100 14,929 1,123 557,652

CJ & B Parr & Sons Limited (Registered number: 07886544)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023

5. TANGIBLE FIXED ASSETS - continued

If farm machinery and implements had not been revalued they would have been included at the following historical cost:

30.3.23 30.3.22
£    £   
Cost 792,590 -
Aggregate depreciation 376,231 -

Farm machinery and implements were valued on an open market basis on 31 August 2023 by an independent valuer .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.23 30.3.22
£    £   
VAT 5,548 20,071
Prepayments 12,083 8,751
17,631 28,822

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.23 30.3.22
£    £   
Trade creditors 10,491 20,021
Tax 8,824 -
Directors' current accounts 364,661 234,910
383,976 254,931

8. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors. At the year end the directors were owed £364,661 (2022 £234,910).