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REGISTERED NUMBER: 05907476 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Rundle and Co Agri Ltd

Rundle and Co Agri Ltd (Registered number: 05907476)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rundle and Co Agri Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mr F W Rundle
Mrs S T Rundle





REGISTERED OFFICE: 69 High Street
Bideford
Devon
EX39 2AT





REGISTERED NUMBER: 05907476 (England and Wales)





ACCOUNTANTS: R T Marke & Co Ltd
Chartered Accountants
69 High Street
Bideford
Devon
EX39 2AT

Rundle and Co Agri Ltd (Registered number: 05907476)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 33 43
Tangible assets 6 407,787 155,226
407,820 155,269

CURRENT ASSETS
Stocks 4,326,993 2,157,680
Debtors 7 727,149 574,592
Cash at bank and in hand 860,325 917,664
5,914,467 3,649,936
CREDITORS
Amounts falling due within one year 8 3,876,191 2,130,874
NET CURRENT ASSETS 2,038,276 1,519,062
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,446,096

1,674,331

PROVISIONS FOR LIABILITIES 59,304 28,010
NET ASSETS 2,386,792 1,646,321

CAPITAL AND RESERVES
Called up share capital 9 202 201
Capital redemption reserve 200 200
Retained earnings 2,386,390 1,645,920
SHAREHOLDERS' FUNDS 2,386,792 1,646,321

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Rundle and Co Agri Ltd (Registered number: 05907476)

Balance Sheet - continued
30 September 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by:




Mr F W Rundle - Director



Mrs S T Rundle - Director


Rundle and Co Agri Ltd (Registered number: 05907476)

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


1. STATUTORY INFORMATION

Rundle and Co Agri 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. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous period, and also have been consistently applied within the same accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Computer software
Computer software representing the excess of the purchase price over the fair value of the net assets of undertakings acquired is capitalised in the balance sheet and is amortised by the reducing balance method at a rate of 25%.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 10 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Stocks
Stocks and work in progress are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.

Rundle and Co Agri Ltd (Registered number: 05907476)

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


3. ACCOUNTING POLICIES - continued

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.

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.

Going concern
Having regard to the company's anticipated future revenues and costs including repayment of debt where appropriate, together with the expected availability of working capital, the directors consider that it is appropriate to prepare the financial statements on the going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2022 - 26 ) .

5. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 October 2022
and 30 September 2023 3,345
AMORTISATION
At 1 October 2022 3,302
Amortisation for year 10
At 30 September 2023 3,312
NET BOOK VALUE
At 30 September 2023 33
At 30 September 2022 43

Rundle and Co Agri Ltd (Registered number: 05907476)

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


6. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2022 168,052 62,398 8,377
Additions 165,590 54,043 4,496
Disposals - - -
At 30 September 2023 333,642 116,441 12,873
DEPRECIATION
At 1 October 2022 122,639 43,439 5,502
Charge for year 22,482 18,257 1,839
Eliminated on disposal - - -
At 30 September 2023 145,121 61,696 7,341
NET BOOK VALUE
At 30 September 2023 188,521 54,745 5,532
At 30 September 2022 45,413 18,959 2,875

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2022 182,894 27,280 449,001
Additions 108,404 19,522 352,055
Disposals (16,650 ) - (16,650 )
At 30 September 2023 274,648 46,802 784,406
DEPRECIATION
At 1 October 2022 105,805 16,390 293,775
Charge for year 45,376 7,578 95,532
Eliminated on disposal (12,688 ) - (12,688 )
At 30 September 2023 138,493 23,968 376,619
NET BOOK VALUE
At 30 September 2023 136,155 22,834 407,787
At 30 September 2022 77,089 10,890 155,226


Rundle and Co Agri Ltd (Registered number: 05907476)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 537,845 388,374
Other debtors 189,304 186,218
727,149 574,592

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 679,840 660,232
Taxation and social security 500,209 383,105
Other creditors 2,696,142 1,087,537
3,876,191 2,130,874

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 A £1 100 100
100 B £1 100 100
1 C £1 1 1
1 D £1 1 -
202 201

The following shares were issued during the year for cash at par :

1 D share of £1

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
Mr F W Rundle and Mrs S T Rundle
Balance outstanding at start of year - -
Amounts advanced 50,045 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,045 -

The maximum overdrawn balance during the year was £50,045.

Interest was charged on the loan at the official interest rate.