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REGISTERED NUMBER: 08049771 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

CHILTERN SEEDS LTD

CHILTERN SEEDS LTD (REGISTERED NUMBER: 08049771)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHILTERN SEEDS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mrs H J Leedham
Mrs S A Redhead





REGISTERED OFFICE: Crowmarsh Battle Barns
114 Preston Crowmarsh
Wallingford
Oxfordshire
OX10 6SL





REGISTERED NUMBER: 08049771 (England and Wales)





ACCOUNTANTS: MW & Co LLP
Chartered Accountants
2 The Spinney
Ripley Road
Send
Surrey
GU23 7LH

CHILTERN SEEDS LTD (REGISTERED NUMBER: 08049771)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,542 86,170

CURRENT ASSETS
Debtors 5 31,834 19,670
Cash at bank and in hand 600,777 621,905
632,611 641,575
CREDITORS
Amounts falling due within one year 6 236,283 238,948
NET CURRENT ASSETS 396,328 402,627
TOTAL ASSETS LESS CURRENT
LIABILITIES

444,870

488,797

CREDITORS
Amounts falling due after more than one year 7 (10,615 ) (40,169 )

PROVISIONS FOR LIABILITIES (156 ) (409 )
NET ASSETS 434,099 448,219

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 434,079 448,199
SHAREHOLDERS' FUNDS 434,099 448,219

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2024 and were signed on its behalf by:



Mrs H J Leedham - Director



Mrs S A Redhead - Director


CHILTERN SEEDS LTD (REGISTERED NUMBER: 08049771)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Chiltern Seeds 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33% on cost
Motor vehicles - 33% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

Stocks
Stocks of seed at the year end are considered to be of negligible value being discarded and replaced soon after the year end with seed harvested in the following autumn.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 19 ) .

CHILTERN SEEDS LTD (REGISTERED NUMBER: 08049771)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022
and 31 July 2023 6,499 109,715 8,114 124,328
DEPRECIATION
At 1 August 2022 5,444 24,600 8,114 38,158
Charge for year 1,055 36,573 - 37,628
At 31 July 2023 6,499 61,173 8,114 75,786
NET BOOK VALUE
At 31 July 2023 - 48,542 - 48,542
At 31 July 2022 1,055 85,115 - 86,170

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£   
COST
At 1 August 2022
and 31 July 2023 108,286
DEPRECIATION
At 1 August 2022 24,270
Charge for year 36,096
At 31 July 2023 60,366
NET BOOK VALUE
At 31 July 2023 47,920
At 31 July 2022 84,016

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 2,706 1,894
Other debtors 6,028 -
Called up share capital not paid 20 20
Prepayments and accrued income 23,080 17,756
31,834 19,670

CHILTERN SEEDS LTD (REGISTERED NUMBER: 08049771)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Finance leases 28,365 28,365
Payments on account 27,132 24,348
Trade creditors 52,840 46,500
Tax 70,437 73,244
Social security and other taxes 12,939 11,813
Pensions creditor 2,463 2,168
VAT 30,784 38,670
Other creditors 396 396
Directors' current accounts - 2,900
Accrued expenses 10,927 10,544
236,283 238,948

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Finance leases 10,615 40,169

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Finance leases 38,980 68,534

Finance leases are secured against the assets to which they relate.