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REGISTERED NUMBER: 08037667 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

COLIN CHANNER AGRICULTURAL CONTRACTOR
LIMITED

COLIN CHANNER AGRICULTURAL CONTRACTOR
LIMITED (REGISTERED NUMBER: 08037667)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COLIN CHANNER AGRICULTURAL CONTRACTOR
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: C J Channer
Mrs J Channer
S J Channer





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





BUSINESS ADDRESS: 58 Copperkins Lane
Amersham
Buckinghamshire
HP6 5RA





REGISTERED NUMBER: 08037667 (England and Wales)





ACCOUNTANTS: Martin and Company
Two Brewers House
50 North Street
Thame
Oxfordshire
OX9 3BH

COLIN CHANNER AGRICULTURAL CONTRACTOR
LIMITED (REGISTERED NUMBER: 08037667)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 771,569 725,871
771,569 725,871

CURRENT ASSETS
Stocks 693,940 701,220
Debtors 6 225,773 129,772
Cash at bank - 35,713
919,713 866,705
CREDITORS
Amounts falling due within one year 7 593,872 483,557
NET CURRENT ASSETS 325,841 383,148
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,097,410

1,109,019

CREDITORS
Amounts falling due after more than one
year

8

(562,852

)

(560,220

)

PROVISIONS FOR LIABILITIES (102,712 ) (119,449 )
NET ASSETS 431,846 429,350

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 431,746 429,250
SHAREHOLDERS' FUNDS 431,846 429,350

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

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

COLIN CHANNER AGRICULTURAL CONTRACTOR
LIMITED (REGISTERED NUMBER: 08037667)

BALANCE SHEET - continued
30 JUNE 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 March 2025 and were signed on its behalf by:





C J Channer - Director


COLIN CHANNER AGRICULTURAL CONTRACTOR
LIMITED (REGISTERED NUMBER: 08037667)

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


1. STATUTORY INFORMATION

Colin Channer Agricultural Contractor 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 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.

Entitlements are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Office equipment - 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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


COLIN CHANNER AGRICULTURAL CONTRACTOR
LIMITED (REGISTERED NUMBER: 08037667)

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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to 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 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 AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 9,390
AMORTISATION
At 1 July 2023
and 30 June 2024 9,390
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

COLIN CHANNER AGRICULTURAL CONTRACTOR
LIMITED (REGISTERED NUMBER: 08037667)

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


5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Office
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 193,246 1,420,728 109,759 2,746 1,726,479
Additions 31,770 127,584 - - 159,354
Disposals - (82,000 ) - (2,472 ) (84,472 )
At 30 June 2024 225,016 1,466,312 109,759 274 1,801,361
DEPRECIATION
At 1 July 2023 - 942,303 55,672 2,633 1,000,608
Charge for year - 88,325 8,113 22 96,460
Eliminated on disposal - (64,805 ) - (2,471 ) (67,276 )
At 30 June 2024 - 965,823 63,785 184 1,029,792
NET BOOK VALUE
At 30 June 2024 225,016 500,489 45,974 90 771,569
At 30 June 2023 193,246 478,425 54,087 113 725,871

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 July 2023 46,620 995,590 1,042,210
Additions - 116,800 116,800
Transfer to ownership (46,620 ) (465,340 ) (511,960 )
Reclassification/transfer 50,600 - 50,600
At 30 June 2024 50,600 647,050 697,650
DEPRECIATION
At 1 July 2023 - 594,686 594,686
Charge for year - 63,935 63,935
Transfer to ownership - (373,864 ) (373,864 )
At 30 June 2024 - 284,757 284,757
NET BOOK VALUE
At 30 June 2024 50,600 362,293 412,893
At 30 June 2023 46,620 400,904 447,524

COLIN CHANNER AGRICULTURAL CONTRACTOR
LIMITED (REGISTERED NUMBER: 08037667)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 63,757 30,524
Other debtors 162,016 99,248
225,773 129,772

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 70,473 27,000
Hire purchase contracts 126,444 120,848
Trade creditors 194,113 70,992
Taxation and social security (5,333 ) 36,656
Other creditors 208,175 228,061
593,872 483,557

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 402,594 341,239
Hire purchase contracts 160,258 218,981
562,852 560,220

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 274,594 213,239

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank overdraft 43,473 -
Hire purchase contracts 286,702 339,829
330,175 339,829