Registered number
07570702
Swires Farm Services Ltd
Unaudited Filleted Accounts
31 March 2025
Swires Farm Services Ltd
Registered number: 07570702
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 1,273,802 1,166,926
Current assets
Debtors 4 448,140 373,260
Cash at bank and in hand 121,190 73,333
569,330 446,593
Creditors: amounts falling due within one year 5 (301,311) (175,458)
Net current assets 268,019 271,135
Total assets less current liabilities 1,541,821 1,438,061
Creditors: amounts falling due after more than one year 6 (81,601) (174,077)
Provisions for liabilities (318,450) (215,195)
Net assets 1,141,770 1,048,789
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,141,670 1,048,689
Shareholders' funds 1,141,770 1,048,789
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr G M Swires Mr S P Swires
Director Director
Approved by the board on 27 June 2025
Swires Farm Services Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 6 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 1,114,966 858,809 1,973,775
Additions 305,051 - 305,051
Disposals (55,750) - (55,750)
At 31 March 2025 1,364,267 858,809 2,223,076
Depreciation
At 1 April 2024 522,630 284,219 806,849
Charge for the year 112,497 57,459 169,956
On disposals (27,531) - (27,531)
At 31 March 2025 607,596 341,678 949,274
Net book value
At 31 March 2025 756,671 517,131 1,273,802
At 31 March 2024 592,336 574,590 1,166,926
4 Debtors 2025 2024
£ £
Trade debtors 448,140 373,260
5 Creditors: amounts falling due within one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 92,475 114,399
Trade creditors 150,685 15,827
Directors' loan accounts 19,232 19,232
Taxation and social security costs 38,919 26,000
301,311 175,458
6 Creditors: amounts falling due after one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 81,601 174,077
7 Related party transactions
The directors of the company are also partners in the business of K Swires and Co. Work carried out for this business amounted to £720,600 in the year. Amount outstanding at 31st March 2025 was £443,658 (ex VAT) (2024: £368,885)
8 Controlling party
The company is controlled by the directors who own 100% of the company shares.
9 Other information
Swires Farm Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
High Moor Farm
Beckwithshaw
Harrogate
HG31QY
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