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REGISTERED NUMBER: 07209023 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 30 APRIL 2024

FOR

R.A.B. AGRI-CONTRACTING LIMITED

R.A.B. AGRI-CONTRACTING LIMITED (REGISTERED NUMBER: 07209023)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R.A.B. AGRI-CONTRACTING LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2023 TO 30 APRIL 2024







DIRECTOR: Richard Anthony Boffey





SECRETARY: Richard Anthony Boffey





REGISTERED OFFICE: Heathcote Farm
Mill Lane
Wolvey Heath
Leicestershire
LE10 3HR





REGISTERED NUMBER: 07209023 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants
25 Station Road
Hinckley
Leicestershire
LE10 1AP

R.A.B. AGRI-CONTRACTING LIMITED (REGISTERED NUMBER: 07209023)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,000 1,000
Tangible assets 5 987,814 1,016,681
988,814 1,017,681

CURRENT ASSETS
Stocks 30,596 19,726
Debtors 6 50,726 165,453
Cash at bank 325,468 231,426
406,790 416,605
CREDITORS
Amounts falling due within one year 7 211,998 185,698
NET CURRENT ASSETS 194,792 230,907
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,183,606

1,248,588

CREDITORS
Amounts falling due after more than one
year

8

-

(16,435

)

PROVISIONS FOR LIABILITIES (149,495 ) (107,361 )
NET ASSETS 1,034,111 1,124,792

CAPITAL AND RESERVES
Called up share capital 76 76
Capital redemption reserve 24 24
Retained earnings 1,034,011 1,124,692
SHAREHOLDERS' FUNDS 1,034,111 1,124,792

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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.

R.A.B. AGRI-CONTRACTING LIMITED (REGISTERED NUMBER: 07209023)

BALANCE SHEET - continued
30 APRIL 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 director and authorised for issue on 17 December 2024 and were signed by:





Richard Anthony Boffey - Director


R.A.B. AGRI-CONTRACTING LIMITED (REGISTERED NUMBER: 07209023)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 APRIL 2024

1. STATUTORY INFORMATION

R.A.B. Agri-Contracting 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 represents the net invoiced sale of goods and services, net of value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, was being amortised evenly over its estimated useful life, but an impairment review was undertaken during 2016.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Yard, building and equipment shed - 10% on reducing balance
Office equipment - 25% on reducing balance
Tools and equipment - 15% on reducing balance
Implements and machinery - 20% on reducing balance
Tractors and diggers - 20% on reducing balance
Motor vehicles - 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 period 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 period 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.A.B. AGRI-CONTRACTING LIMITED (REGISTERED NUMBER: 07209023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 APRIL 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 period was 3 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 30 April 2024 30,000
AMORTISATION
At 1 April 2023
and 30 April 2024 29,000
NET BOOK VALUE
At 30 April 2024 1,000
At 31 March 2023 1,000

5. TANGIBLE FIXED ASSETS
Yard,
building
and
equipment Office Tools and
shed equipment equipment
£    £    £   
COST
At 1 April 2023 205,122 200 4,680
Additions - 1,005 -
At 30 April 2024 205,122 1,205 4,680
DEPRECIATION
At 1 April 2023 3,858 199 3,857
Charge for period 264 273 134
At 30 April 2024 4,122 472 3,991
NET BOOK VALUE
At 30 April 2024 201,000 733 689
At 31 March 2023 201,264 1 823

R.A.B. AGRI-CONTRACTING LIMITED (REGISTERED NUMBER: 07209023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 APRIL 2024

5. TANGIBLE FIXED ASSETS - continued

Implements Tractors
and and Motor
machinery diggers vehicles Totals
£    £    £    £   
COST
At 1 April 2023 1,307,241 1,014,338 56,905 2,588,486
Additions 18,250 96,500 71,487 187,242
At 30 April 2024 1,325,491 1,110,838 128,392 2,775,728
DEPRECIATION
At 1 April 2023 772,609 741,771 49,511 1,571,805
Charge for period 118,383 79,964 17,091 216,109
At 30 April 2024 890,992 821,735 66,602 1,787,914
NET BOOK VALUE
At 30 April 2024 434,499 289,103 61,790 987,814
At 31 March 2023 534,632 272,567 7,394 1,016,681

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 31,867 164,903
Other debtors 18,859 550
50,726 165,453

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 26,875
Trade creditors 75,152 111,013
Corporation tax 5,123 3,456
Social security and other taxes 1,228 -
Other creditors 47,832 43,364
Directors' loan accounts 82,663 990
211,998 185,698

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 16,435

9. ULTIMATE CONTROLLING PARTY

The controlling party is Richard Anthony Boffey.

R.A.B. AGRI-CONTRACTING LIMITED (REGISTERED NUMBER: 07209023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 APRIL 2024

10. PURCHASE OF OWN SHARES

On 20 April 2018 the company bought back 24% of its issued share capital at a total cost of £192,960 from a former director and minority shareholder.