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REGISTERED NUMBER: 07566574 (England and Wales)















HARDSTAFF LINBY UNLIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






HARDSTAFF LINBY UNLIMITED (REGISTERED NUMBER: 07566574)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


HARDSTAFF LINBY UNLIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: T R Hardstaff
J W Hardstaff
M J Hardstaff
Mrs C Y M Hardstaff
Mrs A M Hardstaff





SECRETARY: Mrs C Y M Hardstaff





REGISTERED OFFICE: Hall Farm
Linby
Nottingham
Nottinghamshire
NG15 8AE





REGISTERED NUMBER: 07566574 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

HARDSTAFF LINBY UNLIMITED (REGISTERED NUMBER: 07566574)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 4,308,386 3,786,843
4,308,386 3,786,843

CURRENT ASSETS
Inventories 406,849 585,049
Debtors 6 278,235 331,277
Cash at bank 198,070 767,245
883,154 1,683,571
CREDITORS
Amounts falling due within one year 7 678,415 987,465
NET CURRENT ASSETS 204,739 696,106
TOTAL ASSETS LESS CURRENT LIABILITIES 4,513,125 4,482,949

CREDITORS
Amounts falling due after more than one year 8 (1,839,097 ) (1,973,237 )

PROVISIONS FOR LIABILITIES (403,395 ) (349,127 )
NET ASSETS 2,270,633 2,160,585

CAPITAL AND RESERVES
Called up share capital 10 5,000 5,000
Retained earnings 2,265,633 2,155,585
SHAREHOLDERS' FUNDS 2,270,633 2,160,585

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

HARDSTAFF LINBY UNLIMITED (REGISTERED NUMBER: 07566574)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





T R Hardstaff - Director


HARDSTAFF LINBY UNLIMITED (REGISTERED NUMBER: 07566574)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Hardstaff Linby Unlimited is a private company , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company does not have limited liability.

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.

Revenue
Revenue represents invoiced sales of produce excluding value added tax.

Sales of produce are recognised upon despatch.

Intangible assets
Intangible assets consist of entitlements to the basic payment. The entitlements are recognised at fair value and written off on a straight line basis over the period to 31 December 2019 when the scheme ends.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land & Buildings - not provided
Leasehold property - 5% on cost
Plant and machinery - 10% on reducing balance
Tractors - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Renewable energy equipment - 5% on cost

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.

Inventories
Inventories represents the farm valuation which has been prepared by the valuers at the lower of cost and fair value less costs to complete and sell.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

HARDSTAFF LINBY UNLIMITED (REGISTERED NUMBER: 07566574)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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 11 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Entitlements
£   
COST
At 1 April 2023
and 31 March 2024 126,477
AMORTISATION
At 1 April 2023
and 31 March 2024 126,477
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 2,542,598 3,272,537 5,815,135
Additions 308,932 487,908 796,840
Disposals - (209,527 ) (209,527 )
At 31 March 2024 2,851,530 3,550,918 6,402,448
DEPRECIATION
At 1 April 2023 164,031 1,864,261 2,028,292
Charge for year 19,738 206,019 225,757
Eliminated on disposal - (159,987 ) (159,987 )
At 31 March 2024 183,769 1,910,293 2,094,062
NET BOOK VALUE
At 31 March 2024 2,667,761 1,640,625 4,308,386
At 31 March 2023 2,378,567 1,408,276 3,786,843


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 206,543 288,842
Directors' loan accounts 24,860 -
VAT 30,807 22,010
Prepayments 16,025 20,425
278,235 331,277

HARDSTAFF LINBY UNLIMITED (REGISTERED NUMBER: 07566574)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 81,128 80,955
SSAS Loan within 1 yr 208,240 173,863
Hire purchase contracts 108,298 51,000
Trade creditors 133,514 174,491
Tax 52,794 76,722
Social security and other taxes 6,412 2,725
Other creditors 4,401 -
Directors' loan accounts 1 303,894
Accrued expenses 83,627 123,815
678,415 987,465

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 324,513 323,822
Bank loans > 5yrs 744,293 926,285
SSAS Loan over 1 yr 713,390 671,630
Hire purchase contracts 56,901 51,500
1,839,097 1,973,237

Amounts falling due in more than five years:

Repayable by instalments
Bank loans > 5yrs 744,293 926,285

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,149,934 1,331,062
Hire purchase contracts 165,199 102,500
1,315,133 1,433,562

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,000 Ordinary £1 5,000 5,000