Registration number:
for the Year Ended
Ashton Agricultural and General Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Ashton Agricultural and General Limited
Company Information
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Directors |
Mr M F Keegan Mr R E F Keegan Mr T P Keegan |
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Registered office |
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Ashton Agricultural and General Limited
(Registration number: 04049547)
Balance Sheet as at 31 March 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Investments |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
3,911,150 |
3,911,150 |
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Share premium reserve |
495,094 |
495,094 |
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Retained earnings |
1,590,475 |
1,133,154 |
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Shareholders' funds |
5,996,719 |
5,539,398 |
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For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Ashton Agricultural and General Limited
(Registration number: 04049547)
Balance Sheet as at 31 March 2025
Approved and authorised by the
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Ashton Agricultural and General Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
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General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
United Kingdom
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. Exemption has been taken under the provisions of the Companies Act 2006 from preparing consolidated financial statements. These financial statements therefore contain information about Ashton Agricultural and General Limited as an individual company.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity, and specific criteria have been met for each of the company's activities.
Other operating income
Other operating incomes represents a recharge of services provided to the company's subsidiary undertaking.
Tax
The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Ashton Agricultural and General Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Freehold buildings |
2% on cost |
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Chattels |
25% on cost |
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Plant and machinery |
25% reducing balance |
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Office equipment |
33% straight line |
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Motor vehicles |
25% reducing balance |
Investment property
Herd basis
Under the herd basis, rather than recognising animals as trading stock, the herd is capitalised as a tangible fixed asset for tax purposes.
Investments
Investments in subsidiary undertakings are shown at cost less provision for impairment.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Ashton Agricultural and General Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stock represents cost of consumables. At each reporting date stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its realisable value; the impairment loss is recognised immediately in profit or loss.
Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Ashton Agricultural and General Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
Financial instruments
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Taxation |
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2025 |
2024 |
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Taxation |
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Amounts received for the surrender of group losses |
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(16,834) |
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Origination and reversal of timing differences |
35,600 |
4,451 |
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( |
Ashton Agricultural and General Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
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Tangible assets |
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Freehold land and buildings |
Investment |
Chattels |
Plant and machinery |
Office equipment |
Motor vehicles |
Herd |
Total |
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Cost or valuation |
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At 1 April 2024 |
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Additions |
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At 31 March 2025 |
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Depreciation |
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At 1 April 2024 |
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- |
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- |
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Charge for the year |
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- |
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- |
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At 31 March 2025 |
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- |
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- |
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Carrying amount |
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At 31 March 2025 |
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At 31 March 2024 |
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Ashton Agricultural and General Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
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Investments |
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Investments |
£ |
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At 1 April 2024 |
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At 31 March 2025 |
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Stocks |
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2025 |
2024 |
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Other inventories |
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Debtors |
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2025 |
2024 |
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Trade debtors |
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Prepayments |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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Note |
2025 |
2024 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Taxation and social security |
- |
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Other creditors |
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Due after one year |
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Loans and borrowings |
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- |
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Other creditors |
- |
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24,583 |
1,008,136 |
Ashton Agricultural and General Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
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Loans and borrowings |
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2025 |
2024 |
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Non-current loans and borrowings |
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Other borrowings |
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- |
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2025 |
2024 |
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Current loans and borrowings |
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Bank overdrafts |
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Directors' loan accounts |
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Other borrowings are secured on the assets to which they relate.
Directors' loan accounts are non-interest bearing and have no formal repayment terms.
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Related party transactions |
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Transactions with directors |
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2025 |
At 1 April 2024 |
Advances to director |
Repayments by director |
At 31 March 2025 |
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Mr M F Keegan |
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( |
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( |
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Section 455 tax has not been charged on the overdrawn loan account as the director has agreed to repay the balance within nine months of the year end. Interest has not been charged in accordance with HMRC guidelines as the loan did not exceed £10,000 at any point during the year.