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REGISTERED NUMBER: 05503921
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

HARBY AGRICULTURE LIMITED

HARBY AGRICULTURE LIMITED (REGISTERED NUMBER: 05503921)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARBY AGRICULTURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: P R Towns
Mrs H E Towns





SECRETARY: Mrs H E Towns





REGISTERED OFFICE: Agriculture House
Melton Road
Scalford
Melton Mowbray
Leicestershire
LE14 4UD





REGISTERED NUMBER: 05503921





ACCOUNTANTS: TC Group
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ

HARBY AGRICULTURE LIMITED (REGISTERED NUMBER: 05503921)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 169,896 176,244

CURRENT ASSETS
Stocks 3,961 3,753
Debtors 5 282,721 335,839
Cash at bank 145,492 89,484
432,174 429,076
CREDITORS
Amounts falling due within one year 6 154,311 141,578
NET CURRENT ASSETS 277,863 287,498
TOTAL ASSETS LESS CURRENT LIABILITIES 447,759 463,742

CREDITORS
Amounts falling due after more than one
year

7

(9,167

)

(19,167

)

PROVISIONS FOR LIABILITIES (3,086 ) (3,452 )
NET ASSETS 435,506 441,123

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 435,504 441,121
435,506 441,123

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

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

HARBY AGRICULTURE LIMITED (REGISTERED NUMBER: 05503921)

BALANCE SHEET - continued
31 JULY 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 by the Board of Directors and authorised for issue on 12 November 2024 and were signed on its behalf by:





P R Towns - Director


HARBY AGRICULTURE LIMITED (REGISTERED NUMBER: 05503921)

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


1. STATUTORY INFORMATION

Harby Agriculture Limited is a private company, limited by shares , registered in Not specified/Other. 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.
Freehold property - 4% on cost and Straight line over 2 to 6 years
Plant and machinery - 25% on cost
Computer equipment - 33% on cost and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 (2023 - 3 ) .

HARBY AGRICULTURE LIMITED (REGISTERED NUMBER: 05503921)

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


4. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 August 2023
and 31 July 2024 163,044 30,665 4,621 198,330
DEPRECIATION
At 1 August 2023 4,968 12,497 4,621 22,086
Charge for year 522 5,826 - 6,348
At 31 July 2024 5,490 18,323 4,621 28,434
NET BOOK VALUE
At 31 July 2024 157,554 12,342 - 169,896
At 31 July 2023 158,076 18,168 - 176,244

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 139,721 94,839
Other debtors 143,000 241,000
282,721 335,839

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 78,983 56,360
Taxation and social security 30,565 43,355
Other creditors 34,763 31,863
154,311 141,578

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,167 19,167