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REGISTERED NUMBER: 00602019 (England and Wales)











E.W.Kisby And Sons Limited

Unaudited Financial Statements

for the Period

6 April 2024 to 31 December 2024






E.W.Kisby And Sons Limited (Registered number: 00602019)

Contents of the Financial Statements
for the Period 6 April 2024 to 31 December 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Statement of Changes in Equity 5

Notes to the Financial Statements 6


E.W.Kisby And Sons Limited

Company Information
for the Period 6 April 2024 to 31 December 2024







DIRECTORS: JA Kisby
BM Kisby
CD Kisby



SECRETARY: JA Kisby



REGISTERED OFFICE: Willow Tree Farm
Ten Mile Bank
Downham Market
Norfolk
PE38 0EU



REGISTERED NUMBER: 00602019 (England and Wales)



ACCOUNTANTS: The Hutchinson Partnership Limited
trading as The Hutchinson Partnership
Chartered Accountants
The Bull Pen
Grove Farm
Portway, Burghill
Hereford
HR4 8NF



BANKERS: Barclays Bank
West Anglia Agricultural Centre
Peterborough
Cambridgeshire
PE2 8YW

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
E.W.Kisby And Sons Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of E.W.Kisby And Sons Limited for the period ended 31 December 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of E.W.Kisby And Sons Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of E.W.Kisby And Sons Limited and state those matters that we have agreed to state to the Board of Directors of E.W.Kisby And Sons Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than E.W.Kisby And Sons Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that E.W.Kisby And Sons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of E.W.Kisby And Sons Limited. You consider that E.W.Kisby And Sons Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of E.W.Kisby And Sons Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Hutchinson Partnership Limited
trading as The Hutchinson Partnership
Chartered Accountants
The Bull Pen
Grove Farm
Portway, Burghill
Hereford
HR4 8NF


27 March 2025

E.W.Kisby And Sons Limited (Registered number: 00602019)

Balance Sheet
31 December 2024

2024 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 821,538 863,768
Investments 5 16 16
821,554 863,784

CURRENT ASSETS
Stocks 6 632,349 390,309
Debtors 7 366,043 94,205
Cash at bank 560,576 1,214,977
1,558,968 1,699,491
CREDITORS
Amounts falling due within one year 8 483,084 491,401
NET CURRENT ASSETS 1,075,884 1,208,090
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,897,438

2,071,874

CREDITORS
Amounts falling due after more than one
year

9

(375,636

)

(382,833

)

PROVISIONS FOR LIABILITIES 11 (59,329 ) (68,953 )
NET ASSETS 1,462,473 1,620,088

CAPITAL AND RESERVES
Allotted, issued and fully paid share capital 342,599 1,668
Capital redemption reserve 3,749 3,332
Retained earnings 1,116,125 1,615,088
1,462,473 1,620,088

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

E.W.Kisby And Sons Limited (Registered number: 00602019)

Balance Sheet - continued
31 December 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





CD Kisby - Director


E.W.Kisby And Sons Limited (Registered number: 00602019)

Statement of Changes in Equity
for the Period 6 April 2024 to 31 December 2024

Allotted,
issued
and fully
paid Capital
share Retained redemption Total
capital earnings reserve equity
£    £    £    £   
Balance at 6 April 2023 1,668 701,802 3,332 706,802

Changes in equity
Profit for the year - 972,267 - 972,267
Total comprehensive income - 972,267 - 972,267
Dividends - (58,981 ) - (58,981 )
Balance at 5 April 2024 1,668 1,615,088 3,332 1,620,088

Changes in equity
Profit for the period - 313,156 - 313,156
Other comprehensive income - (426,319 ) 417 (425,902 )
Total comprehensive income - (113,163 ) 417 (112,746 )
Dividends - (44,452 ) - (44,452 )
Increase in share capital 341,348 (341,348 ) - -
Reduction in share capital (417 ) - - (417 )
Balance at 31 December 2024 342,599 1,116,125 3,749 1,462,473

E.W.Kisby And Sons Limited (Registered number: 00602019)

Notes to the Financial Statements
for the Period 6 April 2024 to 31 December 2024


1. STATUTORY INFORMATION

E.W.Kisby And Sons 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.

Going concern
The directors have considered the financial requirements of the company and consider that it will be able to operate within its agreed finance facilities for the next 12 months. The directors therefore consider it appropriate to prepare accounts on the going concern basis.

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.
Land and buildings - not provided
Improvements to property - at variable rates on reducing balance and in accordance with the property
Plant and machinery - 15% on reducing balance and 10% on reducing balance
Tractors and harvesters - 25% on reducing balance and 12.5% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

The company has the following biological assets within stock which are valued as disclosed:

Crops in store - valued at their estimated cost with reference to current market values
Growing crop - valued at the cost of inputs and cultivations up to the period end

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income 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.


E.W.Kisby And Sons Limited (Registered number: 00602019)

Notes to the Financial Statements - continued
for the Period 6 April 2024 to 31 December 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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts are capitalised in the balance sheet and are depreciated over their useful lives.

The interest elements of these obligations is charged to the 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 the 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.

3. EMPLOYEES

The average number of employees during the period was 6 (2024 - 6 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Land and to Plant and
buildings property machinery
£    £    £   
COST
At 6 April 2024 496,988 447,321 1,052,814
Additions - - 5,781
Disposals - - (16,609 )
At 31 December 2024 496,988 447,321 1,041,986
DEPRECIATION
At 6 April 2024 - 368,230 906,948
Charge for period - 5,757 16,823
Eliminated on disposal - - (16,571 )
At 31 December 2024 - 373,987 907,200
NET BOOK VALUE
At 31 December 2024 496,988 73,334 134,786
At 5 April 2024 496,988 79,091 145,866

E.W.Kisby And Sons Limited (Registered number: 00602019)

Notes to the Financial Statements - continued
for the Period 6 April 2024 to 31 December 2024


4. TANGIBLE FIXED ASSETS - continued

Tractors
and Motor
harvesters vehicles Totals
£    £    £   
COST
At 6 April 2024 261,347 83,584 2,342,054
Additions 1,230 - 7,011
Disposals - - (16,609 )
At 31 December 2024 262,577 83,584 2,332,456
DEPRECIATION
At 6 April 2024 153,216 49,892 1,478,286
Charge for period 20,416 6,207 49,203
Eliminated on disposal - - (16,571 )
At 31 December 2024 173,632 56,099 1,510,918
NET BOOK VALUE
At 31 December 2024 88,945 27,485 821,538
At 5 April 2024 108,131 33,692 863,768

Included in cost of land and buildings is freehold land of £496,988 (2024 - £496,988) which is not depreciated.


5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2024
£    £   
United Oilseed Producers Ltd 15 15
Anglia Farmers Ltd 1 1
16 16

6. STOCKS
2024 2024
£    £   
Crops in store 381,298 -
Raw materials valuation 119,621 146,774
Work-in-progress 131,430 243,535
632,349 390,309

E.W.Kisby And Sons Limited (Registered number: 00602019)

Notes to the Financial Statements - continued
for the Period 6 April 2024 to 31 December 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Trade debtors 299,378 14,540
Prepayments and accrued income 45,110 47,475
VAT 21,555 32,190
366,043 94,205

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
AMC loan 9,000 8,600
Trade creditors 101,498 215,505
Corporation tax payable 184,642 72,589
Directors' current accounts 124,652 139,351
Accruals and deferred income 63,292 55,356
483,084 491,401

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2024
£    £   
AMC loan due 1 to 2 years 9,100 8,700
AMC loan due 2 to 5 years 27,900 26,700
AMC loan due after 5 years 155,308 164,105
AMC interest only mortgage 183,328 183,328
375,636 382,833

Amounts falling due in more than five years:

Repayable otherwise than by instalments
AMC interest only mortgage 183,328 183,328

Repayable by instalments
AMC loan due after 5 years 155,308 164,105

E.W.Kisby And Sons Limited (Registered number: 00602019)

Notes to the Financial Statements - continued
for the Period 6 April 2024 to 31 December 2024


10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2024
£    £   
AMC loan 201,308 208,105
AMC interest only mortgage 183,328 183,328
384,636 391,433

The Barclays overdraft is secured by charges over the company's land at Downham Market, Norfolk.

The borrowings from the Agricultural Mortgage Corporation are secured by charges over the company's land and property at Downham Market, Norfolk. The loan is split into five parts; four are interest only, with two repayable in August 2026 and two repayable in December 2029; one is repayable in increasing monthly instalments over the 25 year period of the loan to December 2038.

11. PROVISIONS FOR LIABILITIES
2024 2024
£    £   
Deferred tax - Accelerated
Capital Allowances 59,329 68,953
59,329 68,953

Deferred
tax
£   
Balance at 6 April 2024 68,953
Provided during period (9,059 )
Prior year adjustment (565 )
Balance at 31 December 2024 59,329

12. FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £118,079 (2024: £112,241). The financial commitments are due over the next 12 months and relate to land and property rent.