Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-319290258738falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.62022-04-01growing of cereals (except rice), leguminous crops and oil seeds.6truetrue 00567299 2022-04-01 2023-03-31 00567299 2021-04-01 2022-03-31 00567299 2023-03-31 00567299 2022-03-31 00567299 c:CompanySecretary1 2022-04-01 2023-03-31 00567299 c:Director1 2022-04-01 2023-03-31 00567299 c:Director2 2022-04-01 2023-03-31 00567299 c:RegisteredOffice 2022-04-01 2023-03-31 00567299 d:Buildings 2022-04-01 2023-03-31 00567299 d:Buildings 2023-03-31 00567299 d:Buildings 2022-03-31 00567299 d:Buildings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00567299 d:Buildings d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 00567299 d:Buildings d:LongLeaseholdAssets 2022-04-01 2023-03-31 00567299 d:Buildings d:LongLeaseholdAssets 2023-03-31 00567299 d:Buildings d:LongLeaseholdAssets 2022-03-31 00567299 d:PlantMachinery 2022-04-01 2023-03-31 00567299 d:PlantMachinery 2023-03-31 00567299 d:PlantMachinery 2022-03-31 00567299 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00567299 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 00567299 d:MotorVehicles 2022-04-01 2023-03-31 00567299 d:MotorVehicles 2023-03-31 00567299 d:MotorVehicles 2022-03-31 00567299 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00567299 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 00567299 d:FurnitureFittings 2022-04-01 2023-03-31 00567299 d:OfficeEquipment 2022-04-01 2023-03-31 00567299 d:OfficeEquipment 2023-03-31 00567299 d:OfficeEquipment 2022-03-31 00567299 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00567299 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 00567299 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00567299 d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 00567299 d:CurrentFinancialInstruments 2023-03-31 00567299 d:CurrentFinancialInstruments 2022-03-31 00567299 d:CurrentFinancialInstruments 2 2023-03-31 00567299 d:CurrentFinancialInstruments 2 2022-03-31 00567299 d:Non-currentFinancialInstruments 2023-03-31 00567299 d:Non-currentFinancialInstruments 2022-03-31 00567299 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00567299 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 00567299 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 00567299 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 00567299 d:ShareCapital 2023-03-31 00567299 d:ShareCapital 2022-03-31 00567299 d:RetainedEarningsAccumulatedLosses 2023-03-31 00567299 d:RetainedEarningsAccumulatedLosses 2022-03-31 00567299 c:OrdinaryShareClass1 2022-04-01 2023-03-31 00567299 c:OrdinaryShareClass1 2023-03-31 00567299 c:PreferenceShareClass1 2022-04-01 2023-03-31 00567299 c:PreferenceShareClass1 2023-03-31 00567299 c:FRS102 2022-04-01 2023-03-31 00567299 c:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 00567299 c:FullAccounts 2022-04-01 2023-03-31 00567299 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 00567299 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-04-01 2023-03-31 00567299 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-03-31 00567299 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-03-31 00567299 6 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00567299










A L ALSTON & CO LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
A L ALSTON & CO LIMITED
 
 
COMPANY INFORMATION


Directors
D N Alston 
S I Alexander 




Company secretary
S I Alexander



Registered number
00567299



Registered office
Green Farm
East Tuddenham

Dereham

Norfolk

NR20 3LR




Accountants
MA Partners LLP
Chartered Accountants

7 The Close

Norwich

Norfolk

NR1 4DJ





 
A L ALSTON & CO LIMITED
 

CONTENTS



Page
Accountants' Report
 
 
1
Balance Sheet
 
 
2 - 3
Notes to the Financial Statements
 
 
4 - 9


 
A L ALSTON & CO LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF A L ALSTON & CO LIMITED
FOR THE YEAR ENDED 31 MARCH 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A L Alston & Co Limited for the year ended 31 March 2023 which comprise  the Balance Sheet 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 at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of A L Alston & Co Limited, as a body, in accordance with the terms of our engagement letter dated 25 September 2019Our work has been undertaken solely to prepare for your approval the financial statements of A L Alston & Co Limited  and state those matters that we have agreed to state to the Board of Directors of A L Alston & Co Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A L Alston & Co Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that A L Alston & Co 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 A L Alston & Co Limited. You consider that A L Alston & Co Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of A L Alston & Co 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.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
7 November 2023
Page 1

 
A L ALSTON & CO LIMITED
REGISTERED NUMBER: 00567299

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
316,635
334,582

Investments
 5 
54
54

  
316,689
334,636

Current assets
  

Stocks
  
285,467
314,468

Debtors: amounts falling due within one year
 6 
289,605
409,041

Cash at bank and in hand
  
302,830
7,770

  
877,902
731,279

Creditors: amounts falling due within one year
 7 
(562,921)
(501,780)

Net current assets
  
 
 
314,981
 
 
229,499

Total assets less current liabilities
  
631,670
564,135

Creditors: amounts falling due after more than one year
 8 
(3,255)
(10,969)

  

Net assets
  
628,415
553,166


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
627,415
552,166

  
628,415
553,166


Page 2

 
A L ALSTON & CO LIMITED
REGISTERED NUMBER: 00567299
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 November 2023.




D N Alston
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
A L ALSTON & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The Company is a private company limited by shares. It is both incorporated and domicile in England and Wales. The registered office address and principal place of buisness of the company is Green Farm, East Tuddenham, Dereham, Norfolk, NR20 3LR.
The company's principal activity continues to be that of farming.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises revenue recognised by the company in respect of crops sold, rents and grants receivable, exclusive of Value Added Tax.

Revenue is recognised in the following manner:-

Crops sold - on physical delivery to the customer;
Rents - amounts receivable in the year;
Grants income - in the year when the qualifying conditions entitling payment are met.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
A L ALSTON & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the following methods.

Depreciation is provided on the following basis:

Buildings
-
2%
straight line
Improvements to property
-
15%
reducing balance
Plant and equipment
-
15%
reducing balance
Motor vehicles
-
25%
reducing balance
Tractors
-
25%
reducing balance
Office equipment
-
33%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.9

Stocks

Stocks and closing valuation for cultivations (work in progress) are valued at the lower of cost and net realisable value. Costs have been determined from cost of production calculations. Net realisable value represents estimated selling price for produce in store with values reduced in accordance with guidance within H M Revenue & Customs help sheet HS232. Consumable stocks are valued at cost.

Page 5

 
A L ALSTON & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 6).

Page 6

 
A L ALSTON & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Freehold property
Property improve.
Plant & machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 April 2022
351,130
517,861
159,528
87,637
11,477
1,127,633


Additions
-
8,222
747
29,579
4,150
42,698


Disposals
-
-
-
(29,579)
-
(29,579)



At 31 March 2023

351,130
526,083
160,275
87,637
15,627
1,140,752



Depreciation


At 1 April 2022
136,289
464,267
138,626
43,794
10,075
793,051


Charge for the year on owned assets
5,568
9,290
3,985
1,185
1,261
21,289


Charge for the year on financed assets
-
-
-
9,777
-
9,777



At 31 March 2023

141,857
473,557
142,611
54,756
11,336
824,117



Net book value



At 31 March 2023
209,273
52,526
17,664
32,881
4,291
316,635



At 31 March 2022
214,841
53,593
20,902
43,844
1,402
334,582


5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 April 2022
54



At 31 March 2023
54




Page 7

 
A L ALSTON & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Trade debtors
160,326
107,592

Other debtors
120,258
289,255

Prepayments and accrued income
9,021
12,194

289,605
409,041



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
364,673
192,593

Trade creditors
129,395
139,292

Other taxation and social security
24,931
13,093

Obligations under finance lease and hire purchase contracts
7,714
7,485

Other creditors
4,136
3,441

Accruals and deferred income
23,072
136,876

Share capital treated as debt
9,000
9,000

562,921
501,780



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
3,255
10,969

3,255
10,969


Secured loans
The bank overdrafts totalling  £364,673 (2022 - £192,593) are secured on the assets of the Company.
Hire purchase liabilities are secured on the assets financed.

Page 8

 
A L ALSTON & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Share capital

2023
2022
£
£
Shares classified as equity

Allotted, called up and fully paid



1,000 Ordinary shares of £1.00 each
1,000
1,000

2023
2022
£
£
Shares classified as debt

Allotted, called up and fully paid



9,000 Preference shares shares of £1.00 each
9,000
9,000



10.


Transactions with directors

As at 1 April 2022 one of the directors owed the company £234,538.
During the year the company paid personal expenses of
 £113,220 on behalf of the director who reimbursed the company with £274,678.
At the 31 March 2023 the balance on the loan account was 
£73,080 overdrawn. The loan is interest free, repayable on demand and included within other debtors in note 6 to the financial statements.   

At the 1 April 2022 one of the directors owed the company 
£24,200. This loan was repaid during the year. There is no outstanding balance owing from this director at the year end.    

Page 9