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  J D COX FARMS LTD
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 30 SEPTEMBER 2024
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  J D COX FARMS LTD
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 30 SEPTEMBER 2024
       
       
  DIRECTORS
       
  Mr J D Cox
  Mr D T Cox
       
       
  SECRETARY
       
  Mr J D Cox
       
  REGISTERED OFFICE
       
  Rectory Farm, Chipping Warden
Banbury, Oxon, OX17 1LS
       
       
  COMPANY REGISTERED NUMBER
       
  01568798
       
       
  BANKERS
       
  H S B C plc
       
       
  ACCOUNTANTS
       
  Christopher Dean & Co
  Chartered Accountants
  Ivy Cottage, Bakers Lane, Tadmarton, Banbury, Oxon, OX15 5TB
       
       
  CONTENTS
       
  Pages
       
       
  2-3 Statement of Financial Position  
       
       
  4-8 Notes to the Financial Statements  
       
     
  page 1
  J D COX FARMS LTD
  Company registered number: 01568798
  STATEMENT OF FINANCIAL POSITION AT 30 September 2024
           
    Note 2024 2023
      £ £ £
  FIXED ASSETS
  Property, plant and equipment 3 1,258,791 1,161,861
  CURRENT ASSETS    
  Inventories   565,948 550,242
  Debtors 4 68,547 108,332
  Financial assets 5 157,564 153,630
  Cash at bank and in hand   4,160,458 4,061,695
      4,952,517 4,873,899
  CREDITORS: Amounts falling due within one year 6 164,697 241,926
  NET CURRENT ASSETS   4,787,820 4,631,973
  TOTAL ASSETS LESS CURRENT LIABILITIES   6,046,611 5,793,834
           
  PROVISIONS FOR LIABILITIES   (104,135) (108,118)
  NET ASSETS   £5,942,476 £5,685,716
       
  CAPITAL AND RESERVES
  Called up share capital   1,000 1,000
  Retained earnings   5,941,476 5,684,716
  SHAREHOLDERS' FUNDS   £5,942,476 £5,685,716
       
  The notes on pages 4-8 form part of these financial statements
   
  page 2
       
       
  In approving these financial statements as directors of the company we hereby confirm the following:
       
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
       
  The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with section 476 of the Companies Act 2006.
       
  The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.
 
 
  These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies
       
  In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
       
  The financial statements were approved and authorised for issue by the board of directors on 20 March 2025
 
  Signed on behalf of the board of directors
 
 
       
  Mr D T Cox, Director
       
       
  The notes on pages 4-8 form part of these financial statements
   
  page 3
  J D COX FARMS LTD
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 30 SEPTEMBER 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
         
1a. Statement of compliance
         
  J D Cox Farms Ltd is a company limited by shares incorporated in England within the United Kingdom.
         
  Registered office:
  Rectory Farm, Chipping Warden
Banbury, Oxon, OX17 1LS
         
         
         
1b Basis of accounting
         
  These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
  The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.
         
1c. Revenue recognition
         
  Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
         
1d. Taxation
         
  Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
         
 
         
 
  The notes on pages 4-8 form part of these financial statements
   
  page 4
  J D COX FARMS LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 SEPTEMBER 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
       
1e. Property, plant and equipment
       
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
       
  Freehold buildings Reducing balance 10%  
  Plant and machinery Reducing balance 10%  
  Vehicles Reducing balance 25%  
         
1f. Inventories
         
  Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.
         
         
1g. Short term debtors and creditors
         
  Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.
         
         
1h. Cash and cash equivalents
         
  Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.
         
 
         
1i. Employee benefits
         
  The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the Company in an independent administered fund.
         
         
1j. Provisions
         
  Provisions are recognised when the Company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
         
  The notes on pages 4-8 form part of these financial statements
   
  page 5
  J D COX FARMS LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 SEPTEMBER 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1k. Judgements and key sources of estimation uncertainty
         
  In the application of the Company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
         
 
         
 
         
       
       
2. DIRECTORS AND EMPLOYEES
       
  The average weekly number of employees during the year were as follows: The directors do not have service contracts.
    2024 2023
    No. No.
  Management and administration 1 1
  Production and sales 1 1
    2 2
   
  The notes on pages 4-8 form part of these financial statements
   
  page 6
  J D COX FARMS LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 SEPTEMBER 2024
           
3. PROPERTY, PLANT AND EQUIPMENT
      Plant & Fixtures &  
    Freehold Machinery Equipment Total
    £ £ £ £
  Cost
           
  At 1 October 2023 973,381 1,230,678 27,159 2,231,218
  Additions other than through business combinations 150,000 29,500 48,890 228,390
           
  Disposals - - (34,890) (34,890)
  At 30 September 2024 1,123,381 1,260,178 41,159 2,424,718
   
  Depreciation
           
  At 1 October 2023 243,993 798,323 27,041 1,069,357
  For the year 37,138 55,902 3,530 96,570
  At 30 September 2024 281,131 854,225 30,571 1,165,927
   
  Net Book Amounts
           
  At 30 September 2024 £842,250 £405,953 £10,588 £1,258,791
  At 30 September 2023 £729,388 £432,355 £118 £1,161,861
   
       
       
4. DEBTORS 2024 2023
    £ £
  Trade debtors 52,334 98,012
  Social security and other taxes 16,213 10,320
    £68,547 £108,332
   
       
       
5. FINANCIAL ASSETS 2024 2023
    £ £
  Other investments - 2,117
    £- £2,117
   
  The notes on pages 4-8 form part of these financial statements
   
  page 7
  J D COX FARMS LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 SEPTEMBER 2024
       
       
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2024 2023
    £ £
  Trade creditors 46,909 137,302
  Corporation tax 115,806 101,412
  Other creditors 1,982 3,212
    £164,697 £241,926
   
  The notes on pages 4-8 form part of these financial statements
   
  page 8