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REGISTERED NUMBER: 08303553 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Biegun Agricultural Limited

Biegun Agricultural Limited (Registered number: 08303553)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Biegun Agricultural Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: L Biegun
Mrs A M Biegun





REGISTERED OFFICE: 16 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB





REGISTERED NUMBER: 08303553 (England and Wales)

Biegun Agricultural Limited (Registered number: 08303553)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,958 12,306

CURRENT ASSETS
Debtors 5 21,800 20,632
Cash at bank 7,501 22,331
29,301 42,963
CREDITORS
Amounts falling due within one year 6 14,366 20,392
NET CURRENT ASSETS 14,935 22,571
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,893

34,877

CREDITORS
Amounts falling due after more than one
year

7

-

(2,223

)

PROVISIONS FOR LIABILITIES (2,272 ) (2,338 )
NET ASSETS 24,621 30,316

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 23,621 29,316
SHAREHOLDERS' FUNDS 24,621 30,316

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 March 2024 and were signed on its behalf by:





L Biegun - Director


Biegun Agricultural Limited (Registered number: 08303553)

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

1. STATUTORY INFORMATION

Biegun Agricultural Limited 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

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Biegun Agricultural Limited (Registered number: 08303553)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 December 2022 18,717
Additions 1,300
At 30 November 2023 20,017
DEPRECIATION
At 1 December 2022 6,411
Charge for year 1,648
At 30 November 2023 8,059
NET BOOK VALUE
At 30 November 2023 11,958
At 30 November 2022 12,306

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 20,920 19,842
Other debtors 880 790
21,800 20,632

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 2,222 3,333
Trade creditors 156 112
Taxation and social security 10,529 15,386
Other creditors 1,459 1,561
14,366 20,392

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans - 2,223

8. CONTINGENT LIABILITIES

As far as the director is aware, he has not entered into any contacts which could give rise to a contingent liability.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 30th November 2023 the director is owed £ 361 by the company, this amount being shown as directors loan account in the creditors due within one year note to the accounts.

During the year an interim dividend of £ 32,000 was issued, this amount being equally attributable to each director.

10. ULTIMATE CONTROLLING PARTY

The controlling party is L Biegun.