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REGISTERED NUMBER: 03887074 (England and Wales)


























Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Glentham (Agricultural Contractors) Ltd

Glentham (Agricultural Contractors) Ltd (Registered number: 03887074)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Glentham (Agricultural Contractors) Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: C J F Barton





REGISTERED OFFICE: Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES





REGISTERED NUMBER: 03887074 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Glentham (Agricultural Contractors) Ltd

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 Balance Sheet. 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 Glentham (Agricultural Contractors) Ltd for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Glentham (Agricultural Contractors) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Glentham (Agricultural Contractors) Ltd and state those matters that we have agreed to state to the director of Glentham (Agricultural Contractors) Ltd 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 Glentham (Agricultural Contractors) Ltd and its director for our work or for this report.

It is your duty to ensure that Glentham (Agricultural Contractors) Ltd 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 loss of Glentham (Agricultural Contractors) Ltd. You consider that Glentham (Agricultural Contractors) Ltd 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 Glentham (Agricultural Contractors) Ltd. 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.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES


3 April 2024

Glentham (Agricultural Contractors) Ltd (Registered number: 03887074)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 179,058 190,798
Investment property 5 87,695 48,695
266,753 239,493

CURRENT ASSETS
Stocks 10,500 10,500
Debtors 6 - 7,471
Cash at bank 14,061 21,302
24,561 39,273
CREDITORS
Amounts falling due within one year 7 281,242 256,850
NET CURRENT LIABILITIES (256,681 ) (217,577 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,072

21,916

PROVISIONS FOR LIABILITIES 9,969 10,103
NET ASSETS 103 11,813

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 40,164 40,164
Retained earnings 9 (40,161 ) (28,451 )
SHAREHOLDERS' FUNDS 103 11,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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 3 April 2024 and were signed by:





C J F Barton - Director


Glentham (Agricultural Contractors) Ltd (Registered number: 03887074)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Glentham (Agricultural Contractors) Ltd 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 represents net invoiced employment services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Buildings- 4% on cost
Plant and machinery- 10% on cost
Fixtures and fittings- 15% reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Glentham (Agricultural Contractors) Ltd (Registered number: 03887074)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
Buildings machinery fittings Totals
£    £    £    £   
COST
At 1 November 2022
and 31 October 2023 229,623 24,705 1,090 255,418
DEPRECIATION
At 1 November 2022 48,699 15,392 529 64,620
Charge for year 9,185 2,471 84 11,740
At 31 October 2023 57,884 17,863 613 76,360
NET BOOK VALUE
At 31 October 2023 171,739 6,842 477 179,058
At 31 October 2022 180,924 9,313 561 190,798

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 48,695
Additions 39,000
At 31 October 2023 87,695
NET BOOK VALUE
At 31 October 2023 87,695
At 31 October 2022 48,695

During the year ended 31 October 2020 a director gifted land to the company. The land was revalued to its fair value at that date. A further piece of Land was purchased during the year to 31 October 2023. It is in the directors opinion that there has been no significant change to the valuations..

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 7,471

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,661 2,771
Taxation and social security 6,173 1,356
Other creditors 269,408 252,723
281,242 256,850

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary Shares £1 100 100

Glentham (Agricultural Contractors) Ltd (Registered number: 03887074)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 November 2022 (28,451 ) 40,164 11,713
Deficit for the year (11,710 ) (11,710 )
At 31 October 2023 (40,161 ) 40,164 3