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REGISTERED NUMBER: 06449951 (England and Wales)












P. E. ROE & SON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






P. E. ROE & SON LIMITED (REGISTERED NUMBER: 06449951)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


P. E. ROE & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: J C Roe
Mrs S M Roe





SECRETARY: Mrs S M Roe





REGISTERED OFFICE: Shirewood House
Wilksby
Revesby
Boston
Lincolnshire
PE22 7PB





REGISTERED NUMBER: 06449951 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe
Chartered Certified Accountants
Rollestone House
20-22 Bridge Street
Horncastle
Lincolnshire
LN9 5HZ

P. E. ROE & SON LIMITED (REGISTERED NUMBER: 06449951)

ABRIDGED BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 890,533 536,309
Investments 6 1 1
890,534 536,310

CURRENT ASSETS
Inventories 421,766 444,876
Debtors 283,708 378,243
Cash at bank 113,115 117,788
818,589 940,907
CREDITORS
Amounts falling due within one year 488,807 400,016
NET CURRENT ASSETS 329,782 540,891
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,220,316

1,077,201

CREDITORS
Amounts falling due after more than one year 7 (283,738 ) (294,297 )

PROVISIONS FOR LIABILITIES (97,828 ) (85,664 )
NET ASSETS 838,750 697,240

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 838,650 697,140
SHAREHOLDERS' FUNDS 838,750 697,240

P. E. ROE & SON LIMITED (REGISTERED NUMBER: 06449951)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2024


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

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 April 2025 and were signed on its behalf by:





J C Roe - Director


P. E. ROE & SON LIMITED (REGISTERED NUMBER: 06449951)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

P. E. Roe & Son 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.

All members have consented to the abridgement of these financial statements.

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
Revenue 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 two years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Plant and machinery - 15% on reducing balance and Straight line over 6 years
Tractors - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 15% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. A professional agricultural valuation is prepared by Robert Bell & Company of Horncastle.

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.

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
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.

P. E. ROE & SON LIMITED (REGISTERED NUMBER: 06449951)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024
and 31 December 2024 1,738
AMORTISATION
At 1 January 2024
and 31 December 2024 1,738
NET BOOK VALUE

At 31 December 2024 -
At 31 December 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 January 2024 1,106,701
Additions 452,117
Disposals (6,250 )
At 31 December 2024 1,552,568
DEPRECIATION
At 1 January 2024 570,392
Charge for year 94,631
Eliminated on disposal (2,988 )
At 31 December 2024 662,035
NET BOOK VALUE
At 31 December 2024 890,533
At 31 December 2023 536,309

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2024
and 31 December 2024 1
NET BOOK VALUE
At 31 December 2024 1
At 31 December 2023 1

P. E. ROE & SON LIMITED (REGISTERED NUMBER: 06449951)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 127,984 194,246

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 331,135 275,474
Hire purchase contracts 39,648 79,221
370,783 354,695