Silverfin false false 31/12/2024 01/01/2024 31/12/2024 G A Cox M G Cox 01/04/2012 T Cox 28/03/1997 28 March 2025 The principal activity of the Company during the financial year was mixed farming. 00583160 2024-12-31 00583160 bus:Director2 2024-12-31 00583160 bus:Director3 2024-12-31 00583160 2023-12-31 00583160 core:CurrentFinancialInstruments 2024-12-31 00583160 core:CurrentFinancialInstruments 2023-12-31 00583160 core:Non-currentFinancialInstruments 2024-12-31 00583160 core:Non-currentFinancialInstruments 2023-12-31 00583160 core:ShareCapital 2024-12-31 00583160 core:ShareCapital 2023-12-31 00583160 core:RetainedEarningsAccumulatedLosses 2024-12-31 00583160 core:RetainedEarningsAccumulatedLosses 2023-12-31 00583160 core:LandBuildings 2023-12-31 00583160 core:PlantMachinery 2023-12-31 00583160 core:Vehicles 2023-12-31 00583160 core:ComputerEquipment 2023-12-31 00583160 core:LandBuildings 2024-12-31 00583160 core:PlantMachinery 2024-12-31 00583160 core:Vehicles 2024-12-31 00583160 core:ComputerEquipment 2024-12-31 00583160 core:MoreThanFiveYears 2024-12-31 00583160 core:MoreThanFiveYears 2023-12-31 00583160 2024-01-01 2024-12-31 00583160 bus:FilletedAccounts 2024-01-01 2024-12-31 00583160 bus:SmallEntities 2024-01-01 2024-12-31 00583160 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 00583160 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00583160 bus:Director1 2024-01-01 2024-12-31 00583160 bus:Director2 2024-01-01 2024-12-31 00583160 bus:Director3 2024-01-01 2024-12-31 00583160 core:LandBuildings core:BottomRangeValue 2024-01-01 2024-12-31 00583160 core:LandBuildings core:TopRangeValue 2024-01-01 2024-12-31 00583160 core:PlantMachinery 2024-01-01 2024-12-31 00583160 core:Vehicles 2024-01-01 2024-12-31 00583160 core:ComputerEquipment 2024-01-01 2024-12-31 00583160 2023-01-01 2023-12-31 00583160 core:LandBuildings 2024-01-01 2024-12-31 00583160 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Company No: 00583160 (England and Wales)

E.G.COX & SONS(BERECHAPEL)LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

E.G.COX & SONS(BERECHAPEL)LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

E.G.COX & SONS(BERECHAPEL)LIMITED

BALANCE SHEET

As at 31 December 2024
E.G.COX & SONS(BERECHAPEL)LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 488,346 933,723
488,346 933,723
Current assets
Stocks 362,412 463,500
Debtors 4 848,510 153,661
1,210,922 617,161
Creditors: amounts falling due within one year 5 ( 578,058) ( 651,834)
Net current assets/(liabilities) 632,864 (34,673)
Total assets less current liabilities 1,121,210 899,050
Creditors: amounts falling due after more than one year 6 ( 927,049) ( 1,024,197)
Net assets/(liabilities) 194,161 ( 125,147)
Capital and reserves
Called-up share capital 11,062 11,062
Profit and loss account 183,099 ( 136,209 )
Total shareholder's funds/(deficit) 194,161 ( 125,147)

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of E.G.Cox & Sons(Berechapel)Limited (registered number: 00583160) were approved and authorised for issue by the Board of Directors on 28 March 2025. They were signed on its behalf by:

M G Cox
Director
E.G.COX & SONS(BERECHAPEL)LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
E.G.COX & SONS(BERECHAPEL)LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

E.G.Cox & Sons(Berechapel)Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Higher Berechapel Farm, Clapton, Crewkerne, TA18 8QA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for the sale of renewable energy, provision of management services and receipt of government grants.

Turnover is shown net of VAT and and is recognised at the point of dispatch for the sales of renewable energy, straight line over the period in which services are provided to customers and in the period to which the government grant relates.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 0 - 10 years straight line
Plant and machinery 10 - 25 % reducing balance
Vehicles 25 % reducing balance
Computer equipment 33.33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell. Cost is determined using the first-in, first-out (FIFO) method.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Land and buildings Plant and machinery Vehicles Computer equipment Total
£ £ £ £ £
Cost
At 01 January 2024 410,371 853,627 309,474 624 1,574,096
Additions 0 56,700 0 0 56,700
Disposals ( 410,371) ( 23,995) 0 0 ( 434,366)
At 31 December 2024 0 886,332 309,474 624 1,196,430
Accumulated depreciation
At 01 January 2024 0 469,511 170,631 231 640,373
Charge for the financial year 0 56,169 20,853 131 77,153
Disposals 0 ( 9,442) 0 0 ( 9,442)
At 31 December 2024 0 516,238 191,484 362 708,084
Net book value
At 31 December 2024 0 370,094 117,990 262 488,346
At 31 December 2023 410,371 384,116 138,843 393 933,723

4. Debtors

2024 2023
£ £
Trade debtors 138,529 73,431
Amounts owed by associates 709,981 80,230
848,510 153,661

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 317,789 341,886
Trade creditors 132,405 217,142
Other taxation and social security 3,334 6,744
Obligations under finance leases and hire purchase contracts (secured) 80,781 79,762
Other creditors 43,749 6,300
578,058 651,834

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 849,337 899,002
Obligations under finance leases and hire purchase contracts (secured) 77,712 125,195
927,049 1,024,197

The company has provided security on bank borrowings by a fixed charge over its land and buildings. The amount secured is £322,852 (2023 - £348,908). The parent company of E. G. Cox & Sons (Berechapel) Limited has also provided a cross company fixed charge over its land and buildings.

Net obligations under finance lease and hire purchase contracts are secured by fixed charges over the assets to which they relate.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2024 2023
£ £
Bank loans 673,260 706,056