| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 July 2024 |
| for |
| Yeowart Agricultural Limited |
| REGISTERED NUMBER: |
| 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: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Other reserves |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| 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 |
| 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 |
| 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 |
| Additions |
| Disposals | ( |
) |
| Revaluations |
| Transfer to ownership | - | 75,797 | (67,454 | ) |
| At 31 July 2024 |
| DEPRECIATION |
| At 1 August 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| Transfer to ownership | - | 20,120 | (31,571 | ) |
| At 31 July 2024 |
| NET BOOK VALUE |
| At 31 July 2024 |
| At 31 July 2023 |
| Cabins |
| Motor | and |
| vehicles | containers | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 August 2023 |
| Additions |
| Disposals | ( |
) |
| Revaluations |
| Transfer to ownership | (75,797 | ) | 67,454 | - |
| At 31 July 2024 |
| DEPRECIATION |
| At 1 August 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| Transfer to ownership | (20,120 | ) | 31,571 | - |
| At 31 July 2024 |
| NET BOOK VALUE |
| At 31 July 2024 |
| At 31 July 2023 |
| 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 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 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 |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 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 |
| Hire purchase contracts |
| Other creditors |
| The directors consider the carrying amounts of long term liabilities approximate to their fair values. |
| 9. | DEFERRED TAX |
| £ |
| Provided during year | ( |
) |
| Balance at 31 July 2024 | ( |
) |
| 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. |