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REGISTERED NUMBER: 10387884 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

PAUL ROBINSON AGRICULTURE LTD

PAUL ROBINSON AGRICULTURE LTD (REGISTERED NUMBER: 10387884)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PAUL ROBINSON AGRICULTURE LTD

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTOR: P Robinson





REGISTERED OFFICE: Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF





REGISTERED NUMBER: 10387884 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

PAUL ROBINSON AGRICULTURE LTD (REGISTERED NUMBER: 10387884)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,581 35,283

CURRENT ASSETS
Stocks 22,000 21,860
Debtors 5 96,166 105,636
Cash at bank and in hand 5,554 6,610
123,720 134,106
CREDITORS
Amounts falling due within one year 6 89,480 95,116
NET CURRENT ASSETS 34,240 38,990
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,821

74,273

CREDITORS
Amounts falling due after more than one year 7 1,775 8,874
NET ASSETS 62,046 65,399

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 61,946 65,299
SHAREHOLDERS' FUNDS 62,046 65,399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PAUL ROBINSON AGRICULTURE LTD (REGISTERED NUMBER: 10387884)

BALANCE SHEET - continued
31 January 2024


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 and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:





P Robinson - Director


PAUL ROBINSON AGRICULTURE LTD (REGISTERED NUMBER: 10387884)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Paul Robinson Agriculture Limited is a private company, limited by shares, registered in England. The company's registered number is 10387884 and it has its registered office at Beckside Court, Annie Reed Road, Beverley, East Yorkshire, England, HU17 0LF. The principal place of business is at Mill Walk, Cottingham, HU16 4RP.

The financial statements have been presented in the Pound Sterling (£) as this is the functional currency of the business.

The principal activity of the company is agricultural and technical activities.

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

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 etc - 20% on reducing balance, 15% on cost and 10% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Stocks
Stocks are stated 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 comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is calculated on the first in first out basis.


PAUL ROBINSON AGRICULTURE LTD (REGISTERED NUMBER: 10387884)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

PAUL ROBINSON AGRICULTURE LTD (REGISTERED NUMBER: 10387884)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 2,140 44,035 5,983 52,158
Additions - - 1,279 1,279
At 31 January 2024 2,140 44,035 7,262 53,437
DEPRECIATION
At 1 February 2023 938 14,091 1,846 16,875
Charge for year 308 5,989 684 6,981
At 31 January 2024 1,246 20,080 2,530 23,856
NET BOOK VALUE
At 31 January 2024 894 23,955 4,732 29,581
At 31 January 2023 1,202 29,944 4,137 35,283

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2023
and 31 January 2024 44,035
DEPRECIATION
At 1 February 2023 14,091
Charge for year 5,989
At 31 January 2024 20,080
NET BOOK VALUE
At 31 January 2024 23,955
At 31 January 2023 29,944

PAUL ROBINSON AGRICULTURE LTD (REGISTERED NUMBER: 10387884)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 83,638 90,320
Other debtors 7,280 8,780
VAT 1,535 4,489
Deferred tax asset 2,182 1,730
Prepayments 1,531 317
96,166 105,636

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 7,099 7,099
Trade creditors 62,101 64,688
Tax 15,629 17,321
Social security and other taxes 2,271 3,368
Directors' current accounts 175 645
Accrued expenses 2,205 1,995
89,480 95,116

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 1,775 8,874

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed the director, Mr P Robinson, £484 (2023: £644). The loan is repayable on demand and free from interest.