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REGISTERED NUMBER: 10873963 (England and Wales)















ELSOMS ACKERMANN BARLEY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






ELSOMS ACKERMANN BARLEY LIMITED (REGISTERED NUMBER: 10873963)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 6


ELSOMS ACKERMANN BARLEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: R A L Keeling
A Strube





REGISTERED OFFICE: c/o Elsoms Seeds Ltd
Pinchbeck Road
Spalding
Lincolnshire
PE11 1QG





REGISTERED NUMBER: 10873963 (England and Wales)





AUDITORS: Duncan & Toplis Audit Limited, Statutory Auditor
Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 3YR

ELSOMS ACKERMANN BARLEY LIMITED (REGISTERED NUMBER: 10873963)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 217,687 233,707
Tangible assets 5 123,318 140,537
341,005 374,244

CURRENT ASSETS
Debtors 6 134,640 5,386
Cash at bank 108,290 35,928
242,930 41,314
CREDITORS
Amounts falling due within one year 7 438,583 273,919
NET CURRENT LIABILITIES (195,653 ) (232,605 )
TOTAL ASSETS LESS CURRENT LIABILITIES 145,352 141,639

PROVISIONS FOR LIABILITIES 8 10,382 10,382
NET ASSETS 134,970 131,257

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 10 134,770 131,057
SHAREHOLDERS' FUNDS 134,970 131,257

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 22 November 2024 and were signed on its behalf by:





R A L Keeling - Director


ELSOMS ACKERMANN BARLEY LIMITED (REGISTERED NUMBER: 10873963)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Elsoms Ackermann Barley 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Know-how is being amortised evenly over its estimated useful life of 20 years.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets at rates calculated to write each asset down to its estimated residual value evenly over its expected useful life as

Plant and machinery5-10 years
Motor vehicles5 years

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.


ELSOMS ACKERMANN BARLEY LIMITED (REGISTERED NUMBER: 10873963)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each t statement of financial position date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Know-how
£   
COST
At 1 July 2023
and 30 June 2024 320,482
AMORTISATION
At 1 July 2023 86,775
Amortisation for year 16,020
At 30 June 2024 102,795
NET BOOK VALUE
At 30 June 2024 217,687
At 30 June 2023 233,707

ELSOMS ACKERMANN BARLEY LIMITED (REGISTERED NUMBER: 10873963)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2023 230,573 20,160 250,733
Additions 6,154 - 6,154
At 30 June 2024 236,727 20,160 256,887
DEPRECIATION
At 1 July 2023 107,844 2,352 110,196
Charge for year 21,357 2,016 23,373
At 30 June 2024 129,201 4,368 133,569
NET BOOK VALUE
At 30 June 2024 107,526 15,792 123,318
At 30 June 2023 122,729 17,808 140,537

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,875 3,170
Amounts owed by participating interests 1,320 -
Tax 107,244 -
VAT 17,518 -
Prepayments 4,683 2,216
134,640 5,386

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 19,715 11,576
Amounts owed to group undertakings 146,687 45,463
Amounts owed to participating interests 170,491 19,721
Other taxes and social security 479 6,663
VAT - 15,880
Other creditors 81,459 3,431
Accrued expenses 19,752 171,185
438,583 273,919

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 10,382 10,382

Deferred
tax
£   
Balance at 1 July 2023 10,382
Balance at 30 June 2024 10,382

ELSOMS ACKERMANN BARLEY LIMITED (REGISTERED NUMBER: 10873963)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary £1 200 200

10. RESERVES
Retained
earnings
£   

At 1 July 2023 131,057
Profit for the year 3,713
At 30 June 2024 134,770

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alistair Main FCA (Senior Statutory Auditor)
for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

12. RELATED PARTY DISCLOSURES

During the year the company received funding to the value of £515,000 (2023 - £633,000) to cover expenditure incurred as per the owner agreement.

The company also purchased goods, services and know-how to the value of £479,063 (2023 - £276,825) from these entities. At the year end the company owed £315,858 (2023 - £65,184) to these entities.

13. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.