IRIS Accounts Production v24.3.0.553 01243269 Board of Directors 6.4.23 5.4.24 5.4.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh012432692023-04-05012432692024-04-05012432692023-04-062024-04-05012432692022-04-05012432692022-04-062023-04-05012432692023-04-0501243269ns15:EnglandWales2023-04-062024-04-0501243269ns14:PoundSterling2023-04-062024-04-0501243269ns10:Director12023-04-062024-04-0501243269ns10:PrivateLimitedCompanyLtd2023-04-062024-04-0501243269ns10:SmallEntities2023-04-062024-04-0501243269ns10:AuditExempt-NoAccountantsReport2023-04-062024-04-0501243269ns10:SmallCompaniesRegimeForDirectorsReport2023-04-062024-04-0501243269ns10:SmallCompaniesRegimeForAccounts2023-04-062024-04-0501243269ns10:FullAccounts2023-04-062024-04-0501243269ns10:OrdinaryShareClass12023-04-062024-04-0501243269ns10:Director22023-04-062024-04-0501243269ns10:Director32023-04-062024-04-0501243269ns10:CompanySecretary12023-04-062024-04-0501243269ns10:RegisteredOffice2023-04-062024-04-0501243269ns5:CurrentFinancialInstruments2024-04-0501243269ns5:CurrentFinancialInstruments2023-04-0501243269ns5:Non-currentFinancialInstruments2024-04-0501243269ns5:Non-currentFinancialInstruments2023-04-0501243269ns5:ShareCapital2024-04-0501243269ns5:ShareCapital2023-04-0501243269ns5:RetainedEarningsAccumulatedLosses2024-04-0501243269ns5:RetainedEarningsAccumulatedLosses2023-04-0501243269ns5:LeaseholdImprovements2023-04-062024-04-0501243269ns5:PlantMachinery2023-04-062024-04-0501243269ns5:FurnitureFittings2023-04-062024-04-0501243269ns5:MotorVehicles2023-04-062024-04-0501243269ns5:ComputerEquipment2023-04-062024-04-0501243269ns5:LeaseholdImprovements2023-04-0501243269ns5:PlantMachinery2023-04-0501243269ns5:FurnitureFittings2023-04-0501243269ns5:LeaseholdImprovements2024-04-0501243269ns5:PlantMachinery2024-04-0501243269ns5:FurnitureFittings2024-04-0501243269ns5:LeaseholdImprovements2023-04-0501243269ns5:PlantMachinery2023-04-0501243269ns5:FurnitureFittings2023-04-0501243269ns5:MotorVehicles2023-04-0501243269ns5:ComputerEquipment2023-04-0501243269ns5:MotorVehicles2024-04-0501243269ns5:ComputerEquipment2024-04-0501243269ns5:MotorVehicles2023-04-0501243269ns5:ComputerEquipment2023-04-0501243269ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-0501243269ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2023-04-0501243269ns5:LeasedAssetsHeldAsLessee2023-04-0501243269ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-04-0501243269ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2024-04-0501243269ns5:LeasedAssetsHeldAsLessee2024-04-0501243269ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-062024-04-0501243269ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2023-04-062024-04-0501243269ns5:LeasedAssetsHeldAsLessee2023-04-062024-04-0501243269ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-0501243269ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2023-04-0501243269ns5:LeasedAssetsHeldAsLessee2023-04-0501243269ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-0501243269ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-0501243269ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-04-0501243269ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-04-0501243269ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-04-0501243269ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-04-0501243269ns10:OrdinaryShareClass12024-04-0501243269ns5:RetainedEarningsAccumulatedLosses2023-04-0501243269ns5:RetainedEarningsAccumulatedLosses2023-04-062024-04-05
REGISTERED NUMBER: 01243269 (England and Wales)















R.H.J. CROXTON AND SON (FARMS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024






R.H.J. CROXTON AND SON (FARMS) LIMITED (REGISTERED NUMBER: 01243269)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R.H.J. CROXTON AND SON (FARMS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DIRECTORS: J H Croxton
Mrs H V Croxton
T H J Croxton





SECRETARY: Mrs H V Croxton





REGISTERED OFFICE: West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ





REGISTERED NUMBER: 01243269 (England and Wales)





ACCOUNTANTS: Davies Edwards & Co
Chartered Certified Accountants
West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ

R.H.J. CROXTON AND SON (FARMS) LIMITED (REGISTERED NUMBER: 01243269)

BALANCE SHEET
5 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 277,252 294,664

CURRENT ASSETS
Stocks 336,770 314,300
Debtors 5 32,855 24,494
Cash at bank 3,550 11,974
373,175 350,768
CREDITORS
Amounts falling due within one year 6 372,418 352,133
NET CURRENT ASSETS/(LIABILITIES) 757 (1,365 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

278,009

293,299

CREDITORS
Amounts falling due after more than one
year

7

(21,421

)

(43,417

)

PROVISIONS FOR LIABILITIES (31,880 ) (33,056 )
NET ASSETS 224,708 216,826

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 224,608 216,726
SHAREHOLDERS' FUNDS 224,708 216,826

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

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.

R.H.J. CROXTON AND SON (FARMS) LIMITED (REGISTERED NUMBER: 01243269)

BALANCE SHEET - continued
5 APRIL 2024



The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by:





T H J Croxton - Director


R.H.J. CROXTON AND SON (FARMS) LIMITED (REGISTERED NUMBER: 01243269)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1. STATUTORY INFORMATION

R.H.J. Croxton and Son (Farms) 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements, fixtures and fittings - 10% on reducing balance
Plant and Machinery - 10% on reducing balance
Tractors - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 20% on reducing balance

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.

R.H.J. CROXTON AND SON (FARMS) LIMITED (REGISTERED NUMBER: 01243269)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements,
fixtures
and Plant and
fittings Machinery Tractors
£    £    £   
COST
At 6 April 2023 203,175 284,283 203,023
Additions 4,313 15,367 -
Disposals - (2,700 ) -
At 5 April 2024 207,488 296,950 203,023
DEPRECIATION
At 6 April 2023 107,000 172,008 123,539
Charge for year 10,046 12,662 11,922
Exchange differences - (1,654 ) -
At 5 April 2024 117,046 183,016 135,461
NET BOOK VALUE
At 5 April 2024 90,442 113,934 67,562
At 5 April 2023 96,175 112,275 79,484

R.H.J. CROXTON AND SON (FARMS) LIMITED (REGISTERED NUMBER: 01243269)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 6 April 2023 25,000 2,573 718,054
Additions - 397 20,077
Disposals - - (2,700 )
At 5 April 2024 25,000 2,970 735,431
DEPRECIATION
At 6 April 2023 18,302 2,541 423,390
Charge for year 1,674 139 36,443
Exchange differences - - (1,654 )
At 5 April 2024 19,976 2,680 458,179
NET BOOK VALUE
At 5 April 2024 5,024 290 277,252
At 5 April 2023 6,698 32 294,664

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
Machinery Tractors Totals
£    £    £   
COST
At 6 April 2023 50,000 41,000 91,000
Transfer to ownership (35,500 ) - (35,500 )
At 5 April 2024 14,500 41,000 55,500
DEPRECIATION
At 6 April 2023 15,988 11,378 27,366
Charge for year 1,305 4,443 5,748
Transfer to ownership (14,538 ) - (14,538 )
At 5 April 2024 2,755 15,821 18,576
NET BOOK VALUE
At 5 April 2024 11,745 25,179 36,924
At 5 April 2023 34,012 29,622 63,634

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,824 13,226
VAT 535 1,964
Prepayments and accrued income 10,496 9,304
32,855 24,494

R.H.J. CROXTON AND SON (FARMS) LIMITED (REGISTERED NUMBER: 01243269)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 148,986 146,961
Hire purchase contracts 11,979 17,892
Trade creditors 77,965 52,444
Tax 1,283 2,838
Directors' current accounts 126,634 127,224
Accruals and deferred income 5,571 4,774
372,418 352,133

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 5,879 15,896
Hire purchase contracts 5,542 17,521
21,421 43,417

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 6 April 2023 216,726
Profit for the year 7,882
At 5 April 2024 224,608

10. RELATED PARTY DISCLOSURES

J H Croxton received £Nil from the company for rent of farm (2023 - Nil).

T H Croxton received £150 from the company for rent of a field (2023 - £175).