Acorah Software Products - Accounts Production 16.2.850 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 10150536 Mr J Walmsley true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10150536 2024-01-31 10150536 2025-01-31 10150536 2024-02-01 2025-01-31 10150536 frs-core:CurrentFinancialInstruments 2025-01-31 10150536 frs-core:Non-currentFinancialInstruments 2025-01-31 10150536 frs-core:FurnitureFittings 2025-01-31 10150536 frs-core:FurnitureFittings 2024-02-01 2025-01-31 10150536 frs-core:FurnitureFittings 2024-01-31 10150536 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-31 10150536 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 10150536 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 10150536 frs-core:MotorVehicles 2025-01-31 10150536 frs-core:MotorVehicles 2024-02-01 2025-01-31 10150536 frs-core:MotorVehicles 2024-01-31 10150536 frs-core:PlantMachinery 2025-01-31 10150536 frs-core:PlantMachinery 2024-02-01 2025-01-31 10150536 frs-core:PlantMachinery 2024-01-31 10150536 frs-core:ShareCapital 2025-01-31 10150536 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 10150536 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 10150536 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 10150536 frs-bus:SmallEntities 2024-02-01 2025-01-31 10150536 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 10150536 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 10150536 1 2024-02-01 2025-01-31 10150536 frs-bus:Director1 2024-02-01 2025-01-31 10150536 frs-countries:EnglandWales 2024-02-01 2025-01-31 10150536 2023-01-31 10150536 2024-01-31 10150536 2023-02-01 2024-01-31 10150536 frs-core:CurrentFinancialInstruments 2024-01-31 10150536 frs-core:Non-currentFinancialInstruments 2024-01-31 10150536 frs-core:ShareCapital 2024-01-31 10150536 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 10150536
Walmsleys Agriculture Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10150536
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,591,693 1,163,500
1,591,693 1,163,500
CURRENT ASSETS
Debtors 5 271,935 141,898
Cash at bank and in hand 144,466 150,186
416,401 292,084
Creditors: Amounts Falling Due Within One Year 6 (445,202 ) (365,169 )
NET CURRENT ASSETS (LIABILITIES) (28,801 ) (73,085 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,562,892 1,090,415
Creditors: Amounts Falling Due After More Than One Year 7 (126,622 ) (128,639 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (323,759 ) (202,135 )
NET ASSETS 1,112,511 759,641
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 1,112,411 759,541
SHAREHOLDERS' FUNDS 1,112,511 759,641
Page 1
Page 2
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J Walmsley
Director
18/04/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Walmsleys Agriculture Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10150536 . The registered office is New Hare Building , Moor Lane, Grassington, Skipton, North Yorkshire, BD23 5BD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
2.2. Turnover
Turnover is measured at the fair value of the consideration receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Turnover is invoiced and recognised on completion of the work undertaken.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 33% straight line
2.4. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. 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 capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
2.5. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.
Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
2.6. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.
When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 February 2024 32,108 1,431,801 60,985 2,589 1,527,483
Additions - 851,355 - - 851,355
Disposals - (345,940 ) - - (345,940 )
As at 31 January 2025 32,108 1,937,216 60,985 2,589 2,032,898
Depreciation
As at 1 February 2024 - 342,376 20,743 864 363,983
Provided during the period - 205,826 10,061 863 216,750
Disposals - (139,528 ) - - (139,528 )
As at 31 January 2025 - 408,674 30,804 1,727 441,205
Net Book Value
As at 31 January 2025 32,108 1,528,542 30,181 862 1,591,693
As at 1 February 2024 32,108 1,089,425 40,242 1,725 1,163,500
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 214,125 136,764
Prepayments and accrued income 48,273 -
VAT 9,537 -
Other taxes and social security - 5,134
271,935 141,898
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 133,509 132,947
Trade creditors 193,728 70,209
Bank loans and overdrafts 6,000 6,000
Other taxes and social security 300 -
VAT - 429
Accruals and deferred income 12,750 1,750
Director's loan account 98,915 153,834
445,202 365,169
Included in creditors: amounts falling due within one year, are net obligations under hire purchase contracts of £133,509 (2024 - £132,947) which are secured against the assets to which they relate.
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7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 123,622 119,639
Bank loans 3,000 9,000
126,622 128,639
Included in creditors: amounts falling due after more than one year, are net obligations under hire purchase contracts of £123,622 (2024 - £119,639) which are secured against the assets to which they relate.
8. Related Party Transactions
Including in creditors: amounts falling due within one year, is a directors loan account balance of £98,915 (2024 - £153,834) owing to Mr J Walmsley.
The balance is interest free and repayable on demand.
During the year, dividends of £12,000 (2024 - £12,500) were paid to the director.
9. Ultimate Controlling Party
The company is under the control of Mr J Walmsley who is interested in 100% of the company's issued share capital.
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