2
31/08/2023
2023-08-31
false
false
false
false
false
false
false
false
false
false
true
false
false
true
false
false
false
false
false
false
false
No description of principal activities is disclosed
2022-09-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
06645994
2022-09-01
2023-08-31
06645994
2023-08-31
06645994
2022-08-31
06645994
2021-09-01
2022-08-31
06645994
2022-08-31
06645994
2021-08-31
06645994
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-09-01
2023-08-31
06645994
core:PlantMachinery
2022-09-01
2023-08-31
06645994
core:FurnitureFittingsToolsEquipment
2022-09-01
2023-08-31
06645994
core:MotorVehicles
2022-09-01
2023-08-31
06645994
bus:RegisteredOffice
2022-09-01
2023-08-31
06645994
bus:OrdinaryShareClass1
2022-09-01
2023-08-31
06645994
bus:Director1
2022-09-01
2023-08-31
06645994
bus:Director2
2022-09-01
2023-08-31
06645994
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-08-31
06645994
core:PlantMachinery
2022-08-31
06645994
core:FurnitureFittingsToolsEquipment
2022-08-31
06645994
core:MotorVehicles
2022-08-31
06645994
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-08-31
06645994
core:PlantMachinery
2023-08-31
06645994
core:FurnitureFittingsToolsEquipment
2023-08-31
06645994
core:WithinOneYear
2023-08-31
06645994
core:WithinOneYear
2022-08-31
06645994
core:AfterOneYear
2023-08-31
06645994
core:AfterOneYear
2022-08-31
06645994
core:ShareCapital
2023-08-31
06645994
core:ShareCapital
2022-08-31
06645994
core:RetainedEarningsAccumulatedLosses
2023-08-31
06645994
core:RetainedEarningsAccumulatedLosses
2022-08-31
06645994
bus:OrdinaryShareClass1
core:ShareCapital
2023-08-31
06645994
bus:OrdinaryShareClass1
core:ShareCapital
2022-08-31
06645994
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-08-31
06645994
core:PlantMachinery
2022-08-31
06645994
core:FurnitureFittingsToolsEquipment
2022-08-31
06645994
bus:Director1
2022-08-31
06645994
bus:Director1
2023-08-31
06645994
bus:Director2
2022-08-31
06645994
bus:Director2
2023-08-31
06645994
bus:Director1
2021-08-31
06645994
bus:Director1
2022-08-31
06645994
bus:Director2
2021-08-31
06645994
bus:Director2
2022-08-31
06645994
bus:Director1
2021-09-01
2022-08-31
06645994
bus:Director2
2021-09-01
2022-08-31
06645994
bus:SmallEntities
2022-09-01
2023-08-31
06645994
bus:AuditExempt-NoAccountantsReport
2022-09-01
2023-08-31
06645994
bus:FullAccounts
2022-09-01
2023-08-31
06645994
bus:SmallCompaniesRegimeForAccounts
2022-09-01
2023-08-31
06645994
bus:PrivateLimitedCompanyLtd
2022-09-01
2023-08-31
Company registration number:
06645994
C A AGRICULTURE LIMITED
UNAUDITED FILLETED FINANCIAL STATEMENTS
31 August 2023
C A AGRICULTURE LIMITED
CONTENTS
Directors and other information
Statement of financial position
Notes to the financial statements
C A AGRICULTURE LIMITED
DIRECTORS AND OTHER INFORMATION
|
|
|
|
Directors |
C M Anstey |
|
|
Mrs C S Anstey |
|
|
|
|
|
|
|
Company number |
06645994 |
|
|
|
|
|
|
|
Registered office |
92 Ramsey Road |
|
|
Warboys |
|
|
Huntingdon |
|
|
Cambridgeshire |
|
|
PE28 2RW |
|
|
|
C A AGRICULTURE LIMITED
STATEMENT OF FINANCIAL POSITION
31 AUGUST 2023
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
5 |
255,532 |
|
|
|
255,518 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
255,532 |
|
|
|
255,518 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Cash at bank and in hand |
|
|
5,179 |
|
|
|
2,377 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
5,179 |
|
|
|
2,377 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
6 |
(
42,869) |
|
|
|
(
54,720) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current liabilities |
|
|
|
|
(
37,690) |
|
|
|
(
52,343) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
217,842 |
|
|
|
203,175 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
7 |
|
|
(
65,176) |
|
|
|
(
69,574) |
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
|
|
|
(
4,140) |
|
|
|
(
4,995) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
148,526 |
|
|
|
128,606 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
9 |
|
|
100 |
|
|
|
100 |
Profit and loss account |
|
|
|
|
148,426 |
|
|
|
128,506 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
148,526 |
|
|
|
128,606 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
19 December 2023
, and are signed on behalf of the board by:
C M Anstey
Director
Company registration number:
06645994
C A AGRICULTURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 92 Ramsey Road, Warboys, Huntingdon, Cambridgeshire, PE28 2RW.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Freehold property |
- |
2 % |
straight line |
|
Plant and machinery |
- |
25 % |
reducing balance |
|
Storage unit |
- |
2 % |
straight line |
|
Motor vehicles |
- |
25 % |
straight line |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2022:
3
).
5.
Tangible assets
|
|
Freehold property |
Plant and machinery |
Storage unit |
Motor vehicles |
Total |
|
|
|
|
£ |
£ |
£ |
£ |
£ |
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 September 2022 |
242,131 |
128,682 |
15,707 |
49,714 |
436,234 |
|
|
|
Additions |
11,982 |
- |
- |
- |
11,982 |
|
|
|
Disposals |
- |
- |
- |
(
49,714) |
(
49,714) |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 31 August 2023 |
254,113 |
128,682 |
15,707 |
- |
398,502 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 September 2022 |
25,302 |
102,394 |
3,306 |
49,714 |
180,716 |
|
|
|
Charge for the year |
5,083 |
6,572 |
313 |
- |
11,968 |
|
|
|
Disposals |
- |
- |
- |
(
49,714) |
(
49,714) |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 31 August 2023 |
30,385 |
108,966 |
3,619 |
- |
142,970 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 August 2023 |
223,728 |
19,716 |
12,088 |
- |
255,532 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 31 August 2022 |
216,829 |
26,288 |
12,401 |
- |
255,518 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
6.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
4,868 |
4,711 |
|
Trade creditors |
|
995 |
6,563 |
|
Corporation tax |
|
7,980 |
15,541 |
|
Social security and other taxes |
|
3,860 |
2,489 |
|
Other creditors |
|
25,166 |
25,416 |
|
|
|
_______ |
_______ |
|
|
|
42,869 |
54,720 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due after more than one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
32,860 |
36,507 |
|
Other creditors |
|
32,316 |
33,067 |
|
|
|
_______ |
_______ |
|
|
|
65,176 |
69,574 |
|
|
|
_______ |
_______ |
|
|
|
|
|
Included within creditors: amounts falling due after more than one year is an amount of £ 8,519
(2022 £ 12,954 ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
Included in the above bank loans is a HSBC commercial loan which is due for repayment in May 2031. The rate of interest was fixed at 4.07% till June 2018 and then reverted to 3.35% over the Bank of England base rate.
8.
Government grants
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
At start of year |
|
33,818 |
34,569 |
|
Grants received or receivable |
|
(-) |
(-) |
|
Released to the profit or loss |
|
(751) |
(751) |
|
|
|
_______ |
_______ |
|
At end of year |
|
33,067 |
33,818 |
|
|
|
_______ |
_______ |
|
|
|
|
|
The amounts recognised in the for government grants are as follows:
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Recognised in creditors: |
|
|
|
|
Deferred government grants due within one year |
|
751 |
751 |
|
Deferred government grants due after more than one year |
|
32,316 |
33,067 |
|
|
|
_______ |
_______ |
|
|
|
33,067 |
33,818 |
|
|
|
_______ |
_______ |
|
Recognised in other operating income: |
|
|
|
|
Government grants released to profit or loss |
|
751 |
751 |
|
|
|
_______ |
_______ |
|
|
|
|
|
During the year ended 31 August 2018 an amount of £37,575 was received under the Rural Development Programme for England scheme to support the construction of new specialist workishop to support the development of the business. As the grant relates to assets the income is being recognised on a systematic basis over the expected life of the asset.
9.
Called up share capital
Issued, called up and fully paid
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
|
No |
|
£ |
|
No |
|
£ |
|
Ordinary shares shares of £
1.00 each |
|
100 |
|
100 |
|
100 |
|
100 |
|
|
|
_______ |
|
_______ |
|
_______ |
|
_______ |
|
|
|
|
|
|
|
|
|
|
10.
Directors advances, credits and guarantees
|
During the year the directors entered into the following advances and credits with the company: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
C M Anstey |
(
2,417) |
1,930 |
(
439) |
(
926) |
|
|
|
Mrs C S Anstey |
(
2,269) |
1,930 |
(
438) |
(
777) |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
(
4,686) |
3,860 |
(
877) |
(
1,703) |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
2022 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
C M Anstey |
(
2,099) |
50 |
(
368) |
(
2,417) |
|
|
|
Mrs C S Anstey |
(
1,950) |
50 |
(
369) |
(
2,269) |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
(
4,049) |
100 |
(
737) |
(
4,686) |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|