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REGISTERED NUMBER: 08929891 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

S. BATTY & SON LTD

S. BATTY & SON LTD (REGISTERED NUMBER: 08929891)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S. BATTY & SON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Stephen Batty
Joyce Batty
David Anthony Batty
Adele Jane Batty





REGISTERED OFFICE: Honeypot Farm
High Street
South Milford
Leeds
LS25 5AQ





REGISTERED NUMBER: 08929891 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
16 Omega Business Village
Thurston Road
Northallerton
North Yorkshire
DL6 2NJ

S. BATTY & SON LTD (REGISTERED NUMBER: 08929891)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 391,068 435,125

CURRENT ASSETS
Stocks 565,043 673,706
Debtors 5 585,131 603,681
Cash at bank 217 163
1,150,391 1,277,550
CREDITORS
Amounts falling due within one year 6 650,380 789,628
NET CURRENT ASSETS 500,011 487,922
TOTAL ASSETS LESS CURRENT LIABILITIES 891,079 923,047

CREDITORS
Amounts falling due after more than one
year

7

(28,283

)

(117,210

)

PROVISIONS FOR LIABILITIES (107,346 ) (73,902 )
NET ASSETS 755,450 731,935

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 755,350 731,835
755,450 731,935

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.

S. BATTY & SON LTD (REGISTERED NUMBER: 08929891)

BALANCE SHEET - 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2024 and were signed on its behalf by:




David Anthony Batty - Director Adele Jane Batty - Director




Stephen Batty - Director Joyce Batty - Director


S. BATTY & SON LTD (REGISTERED NUMBER: 08929891)

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

1. STATUTORY INFORMATION

S. Batty & Son Ltd 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.
Plant and machinery - 25% 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.

Biological assets, living plants and animals are included at the lower of cost and estimated selling price less costs to sell

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.

INCOME RECOGNITION
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

S. BATTY & SON LTD (REGISTERED NUMBER: 08929891)

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

2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future charges, are included in creditors.

FINANCE COSTS OF DEBT
The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023 1,023,224
Additions 86,300
At 31 March 2024 1,109,524
DEPRECIATION
At 1 April 2023 588,099
Charge for year 130,357
At 31 March 2024 718,456
NET BOOK VALUE
At 31 March 2024 391,068
At 31 March 2023 435,125

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 261,166 331,947
Other debtors 323,965 271,734
585,131 603,681

S. BATTY & SON LTD (REGISTERED NUMBER: 08929891)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 21,672 29,113
Hire purchase contracts 79,915 93,858
Trade creditors 382,395 495,353
Corporation tax 2,305 -
Other creditors 164,093 171,304
650,380 789,628

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 14,950 23,962
Hire purchase contracts 13,333 93,248
28,283 117,210

8. SECURED DEBTS

The bank overdraft is secured by a floating charge over the assets of the company.

The obligations under finance leases and hire purchase contracts are secured by a charge on the assets purchased under these agreements.

9. RELATED PARTY DISCLOSURES

During the year S Batty & Son charged S Batty & Son Ltd £604,800 (2023: £574,540) for contracting
services and £30,000 (2023: £27,840) for rent of potato land.

Debtors falling due within one year includes the following related party loan. S Batty & Son
£298,507 (2023: £234,237).