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REGISTERED NUMBER: 11198222 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

J.A. Noyce Agricultural Ltd

J.A. Noyce Agricultural Ltd (Registered number: 11198222)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J.A. Noyce Agricultural Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mr J A Noyce
Mr B A Noyce





REGISTERED OFFICE: Solent House
107a Alma Road
Southampton
Hampshire
SO14 6UY





REGISTERED NUMBER: 11198222 (England and Wales)





ACCOUNTANTS: Thomas Croft Limited
Accountants And Taxation Consultants
Solent House
107a Alma Road
Portswood
Southampton
Hampshire
SO14 6UY

J.A. Noyce Agricultural Ltd (Registered number: 11198222)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,711 90,408

CURRENT ASSETS
Stocks 16,178 32,500
Debtors 5 97,774 29,512
Cash at bank 68 3,319
114,020 65,331
CREDITORS
Amounts falling due within one year 6 49,574 18,841
NET CURRENT ASSETS 64,446 46,490
TOTAL ASSETS LESS CURRENT
LIABILITIES

132,157

136,898

CREDITORS
Amounts falling due after more than one
year

7

142,679

143,796
NET LIABILITIES (10,522 ) (6,898 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 (10,524 ) (6,900 )
SHAREHOLDERS' FUNDS (10,522 ) (6,898 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

J.A. Noyce Agricultural Ltd (Registered number: 11198222)

Balance Sheet - continued
28 February 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 8 February 2024 and were signed on its behalf by:





Mr J A Noyce - Director


J.A. Noyce Agricultural Ltd (Registered number: 11198222)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

J.A. Noyce Agricultural 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

J.A. Noyce Agricultural Ltd (Registered number: 11198222)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 105,416 689 106,105
DEPRECIATION
At 1 March 2022 15,140 557 15,697
Charge for year 22,569 128 22,697
At 28 February 2023 37,709 685 38,394
NET BOOK VALUE
At 28 February 2023 67,707 4 67,711
At 28 February 2022 90,276 132 90,408

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 10,987 918
Directors' current accounts 65,089 21,580
Sch 455 tax charge 21,698 7,014
97,774 29,512

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Corporation tax 21,698 7,014
VAT 10,693 2,945
Directors' current accounts 15,923 8,382
Accrued expenses 1,260 500
49,574 18,841

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans - 2-5 years 22,634 23,751
Hire purchase contracts 120,045 120,045
142,679 143,796

J.A. Noyce Agricultural Ltd (Registered number: 11198222)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
200 Ordinary £0.01 2 2

9. RESERVES
Retained
earnings
£   

At 1 March 2022 (6,900 )
Deficit for the year (3,624 )
At 28 February 2023 (10,524 )

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
Mr J A Noyce
Balance outstanding at start of year 21,580 (7,995 )
Amounts advanced 56,902 57,697
Amounts repaid (13,394 ) (28,122 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 65,088 21,580

Mr B A Noyce
Balance outstanding at start of year (8,382 ) (2,999 )
Amounts repaid (7,541 ) (5,383 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (15,923 ) (8,382 )

11. RELATED PARTY DISCLOSURES

The company was under the control of Mr J A Noyce throughout the current and previous period. Mr J A Noyce is the managing director and majority shareholder.

No transactions with related parties were undertaken such as are required to be disclosed under Section 1a (Small entities) for Financial Reporting Standard 102.