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Company No: 10063139 (England and Wales)

ROGER TRETHEWY LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

ROGER TRETHEWY LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

ROGER TRETHEWY LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2024
ROGER TRETHEWY LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTORS Mrs A M Trethewy
Mr R B Trethewy
REGISTERED OFFICE Tolcarne Farm
St Allen
Truro
TR4 9QX
United Kingdom
COMPANY NUMBER 10063139 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
ROGER TRETHEWY LIMITED

BALANCE SHEET

As at 31 March 2024
ROGER TRETHEWY LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 189,495 286,009
189,495 286,009
Current assets
Stocks 1,524 4,212
Debtors 4 8,575 15,644
Cash at bank and in hand 129,056 82,748
139,155 102,604
Creditors: amounts falling due within one year 5 ( 198,097) ( 271,053)
Net current liabilities (58,942) (168,449)
Total assets less current liabilities 130,553 117,560
Provision for liabilities ( 40,946) ( 59,262)
Net assets 89,607 58,298
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 89,507 58,198
Total shareholders' funds 89,607 58,298

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Roger Trethewy Limited (registered number: 10063139) were approved and authorised for issue by the Board of Directors on 09 September 2024. They were signed on its behalf by:

Mr R B Trethewy
Director
Mrs A M Trethewy
Director
ROGER TRETHEWY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
ROGER TRETHEWY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Roger Trethewy Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Tolcarne Farm, St Allen, Truro, TR4 9QX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of agricultural contracting services in the ordinary course of the company's activities. Turnover is shown net of value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 15 % reducing balance
Vehicles 25 % reducing balance
Tools and equipment 15 % reducing balance
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Plant and machinery Vehicles Tools and equipment Office equipment Total
£ £ £ £ £
Cost
At 01 April 2023 304,030 8,495 243,125 0 555,650
Additions 67,950 0 14,000 665 82,615
Disposals ( 126,298) 0 ( 105,225) 0 ( 231,523)
At 31 March 2024 245,682 8,495 151,900 665 406,742
Accumulated depreciation
At 01 April 2023 172,632 6,983 90,026 0 269,641
Charge for the financial year 25,443 378 18,030 222 44,073
Disposals ( 55,842) 0 ( 40,625) 0 ( 96,467)
At 31 March 2024 142,233 7,361 67,431 222 217,247
Net book value
At 31 March 2024 103,449 1,134 84,469 443 189,495
At 31 March 2023 131,398 1,512 153,099 0 286,009

4. Debtors

2024 2023
£ £
Trade debtors 5,531 7,079
Other debtors 3,044 8,565
8,575 15,644

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 2,360 4,040
Taxation and social security 32,737 5,933
Other creditors 163,000 261,080
198,097 271,053

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100