IRIS Accounts Production v25.1.3.33 06487755 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh064877552023-07-31064877552024-07-31064877552023-08-012024-07-31064877552022-04-30064877552022-05-012023-07-31064877552023-07-3106487755ns15:EnglandWales2023-08-012024-07-3106487755ns14:PoundSterling2023-08-012024-07-3106487755ns10:Director12023-08-012024-07-3106487755ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3106487755ns10:SmallEntities2023-08-012024-07-3106487755ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3106487755ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3106487755ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3106487755ns10:FullAccounts2023-08-012024-07-3106487755ns10:Director22023-08-012024-07-3106487755ns10:CompanySecretary12023-08-012024-07-3106487755ns10:RegisteredOffice2023-08-012024-07-3106487755ns5:CurrentFinancialInstruments2024-07-3106487755ns5:CurrentFinancialInstruments2023-07-3106487755ns5:Non-currentFinancialInstruments2024-07-3106487755ns5:Non-currentFinancialInstruments2023-07-3106487755ns5:ShareCapital2024-07-3106487755ns5:ShareCapital2023-07-3106487755ns5:FurtherSpecificReserve2ComponentTotalEquity2024-07-3106487755ns5:FurtherSpecificReserve2ComponentTotalEquity2023-07-3106487755ns5:RetainedEarningsAccumulatedLosses2024-07-3106487755ns5:RetainedEarningsAccumulatedLosses2023-07-3106487755ns5:LandBuildingsns5:ShortLeaseholdAssets2023-07-3106487755ns5:PlantMachinery2023-07-3106487755ns5:FurnitureFittings2023-07-3106487755ns5:LandBuildingsns5:ShortLeaseholdAssets2023-08-012024-07-3106487755ns5:PlantMachinery2023-08-012024-07-3106487755ns5:FurnitureFittings2023-08-012024-07-3106487755ns5:LandBuildingsns5:ShortLeaseholdAssets2024-07-3106487755ns5:PlantMachinery2024-07-3106487755ns5:FurnitureFittings2024-07-3106487755ns5:LandBuildingsns5:ShortLeaseholdAssets2023-07-3106487755ns5:PlantMachinery2023-07-3106487755ns5:FurnitureFittings2023-07-3106487755ns5:MotorVehicles2023-07-3106487755ns5:ComputerEquipment2023-07-3106487755ns5:MotorVehicles2023-08-012024-07-3106487755ns5:ComputerEquipment2023-08-012024-07-3106487755ns5:MotorVehicles2024-07-3106487755ns5:ComputerEquipment2024-07-3106487755ns5:MotorVehicles2023-07-3106487755ns5:ComputerEquipment2023-07-3106487755ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3106487755ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3106487755ns5:CurrentFinancialInstruments2023-08-012024-07-3106487755ns5:Non-currentFinancialInstruments2023-08-012024-07-3106487755ns5:DeferredTaxation2023-08-012024-07-3106487755ns5:DeferredTaxation2024-07-31
REGISTERED NUMBER: 06487755 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Yeowart Agricultural Limited

Yeowart Agricultural Limited (Registered number: 06487755)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Yeowart Agricultural Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: L D Yeowart
D P Yeowart





SECRETARY: D P Yeowart





REGISTERED OFFICE: Thatcher House
12 Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS





REGISTERED NUMBER: 06487755 (England and Wales)





ACCOUNTANTS: Ward Mackenzie Ltd
Chartered Accountants
Thatcher House
12 Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS

Yeowart Agricultural Limited (Registered number: 06487755)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 260,944 250,188

CURRENT ASSETS
Stocks 5 1,611,083 1,639,187
Debtors 6 1,096,372 732,812
Cash at bank 35,978 122,358
2,743,433 2,494,357
CREDITORS
Amounts falling due within one year 7 (2,010,866 ) (1,732,106 )
NET CURRENT ASSETS 732,567 762,251
TOTAL ASSETS LESS CURRENT
LIABILITIES

993,511

1,012,439

CREDITORS
Amounts falling due after more than one year 8 (661,854 ) (671,999 )
NET ASSETS 331,657 340,440

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Other reserves 14,354 -
Retained earnings 316,303 339,440
SHAREHOLDERS' FUNDS 331,657 340,440

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Yeowart Agricultural Limited (Registered number: 06487755)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 June 2025 and were signed on its behalf by:





L D Yeowart - Director


Yeowart Agricultural Limited (Registered number: 06487755)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Yeowart Agricultural 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principle activity of the company in the year under review was the sale, supply of parts and servicing of agricultural tractors, machinery, equipment and supplies.

2. ACCOUNTING POLICIES

BASIS OF PREPARATION
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 as modified by the revaluation of certain assets.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Cabins and Containers - 10% 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.

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.

DEFERRED TAX
Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date which are immaterial.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 17 ) .

Yeowart Agricultural Limited (Registered number: 06487755)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST OR VALUATION
At 1 August 2023 72,938 173,866 141,010
Additions - 4,991 292
Disposals - - (2,073 )
Revaluations - 968 -
Transfer to ownership - 75,797 (67,454 )
At 31 July 2024 72,938 255,622 71,775
DEPRECIATION
At 1 August 2023 72,938 88,832 90,265
Charge for year - 5,543 7,458
Eliminated on disposal - - (1,968 )
Transfer to ownership - 20,120 (31,571 )
At 31 July 2024 72,938 114,495 64,184
NET BOOK VALUE
At 31 July 2024 - 141,127 7,591
At 31 July 2023 - 85,034 50,745

Cabins
Motor and
vehicles containers Totals
£    £    £   
COST OR VALUATION
At 1 August 2023 217,943 - 605,757
Additions 38,050 - 43,333
Disposals - - (2,073 )
Revaluations 8,917 4,468 14,353
Transfer to ownership (75,797 ) 67,454 -
At 31 July 2024 189,113 71,922 661,370
DEPRECIATION
At 1 August 2023 103,534 - 355,569
Charge for year 33,824 - 46,825
Eliminated on disposal - - (1,968 )
Transfer to ownership (20,120 ) 31,571 -
At 31 July 2024 117,238 31,571 400,426
NET BOOK VALUE
At 31 July 2024 71,875 40,351 260,944
At 31 July 2023 114,409 - 250,188

Yeowart Agricultural Limited (Registered number: 06487755)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 July 2024 is represented by:

Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
Valuation in 2024 - 968 -
Cost 72,938 254,654 71,775
72,938 255,622 71,775

Cabins
Motor and
vehicles containers Totals
£    £    £   
Valuation in 2024 8,917 4,468 14,353
Cost 180,196 67,454 647,017
189,113 71,922 661,370

5. STOCKS
2024 2023
£    £   
Finished goods 1,611,083 1,639,187

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 433,153 232,567
Other debtors 663,219 500,245
1,096,372 732,812

The directors consider the carrying value of trade and other receivables approximate to their fair values.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,693 7,389
Hire purchase contracts 25,583 41,445
Trade creditors 1,176,792 969,271
Taxation and social security 6,965 51,679
Other creditors 792,833 662,322
2,010,866 1,732,106

The directors consider the carrying amounts of current liabilities approximate to their fair values.

Yeowart Agricultural Limited (Registered number: 06487755)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,640 19,908
Hire purchase contracts 4,815 33,235
Other creditors 647,399 618,856
661,854 671,999

The directors consider the carrying amounts of long term liabilities approximate to their fair values.

9. DEFERRED TAX
£   
Provided during year (47,579 )
Balance at 31 July 2024 (47,579 )

10. RELATED PARTY DISCLOSURES

At the year end, the company owed £245,000 (2023 - Nil) to B A Yeowart Holdings Limited, a company under common directorship. The balance is unsecured, interest-free, and repayable on demand.

The company also owed £399,400 (2023: £399,400) to Lewis Yeowart and £3,513 (2023: £70,071) to Kay Yeowart, who are directors of the company.