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REGISTERED NUMBER: 11760524 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

G ROWORTH AGRICULTURAL CONTRACTING LTD

G ROWORTH AGRICULTURAL CONTRACTING LTD (REGISTERED NUMBER: 11760524)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G ROWORTH AGRICULTURAL CONTRACTING LTD

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTOR: G P Roworth





REGISTERED OFFICE: 42-44 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BL





REGISTERED NUMBER: 11760524 (England and Wales)





ACCOUNTANTS: Beeley Hawley & Co. Ltd
Chartered Accountants
42-44 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BL

G ROWORTH AGRICULTURAL CONTRACTING LTD (REGISTERED NUMBER: 11760524)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 921,291 858,268

CURRENT ASSETS
Debtors 5 218,999 223,487

CREDITORS
Amounts falling due within one year 6 503,647 486,077
NET CURRENT LIABILITIES (284,648 ) (262,590 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

636,643

595,678

CREDITORS
Amounts falling due after more than one
year

7

(293,241

)

(218,559

)

PROVISIONS FOR LIABILITIES (141,309 ) (142,373 )
NET ASSETS 202,093 234,746

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 201,993 234,646
202,093 234,746

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

G ROWORTH AGRICULTURAL CONTRACTING LTD (REGISTERED NUMBER: 11760524)

BALANCE SHEET - continued
30 June 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 director and authorised for issue on 29 July 2025 and were signed by:





G P Roworth - Director


G ROWORTH AGRICULTURAL CONTRACTING LTD (REGISTERED NUMBER: 11760524)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

G Roworth Agricultural Contracting Ltd 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

G ROWORTH AGRICULTURAL CONTRACTING LTD (REGISTERED NUMBER: 11760524)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 60,000 1,128,821 1,188,821
Additions - 213,787 213,787
At 30 June 2024 60,000 1,342,608 1,402,608
DEPRECIATION
At 1 July 2023 12,000 318,553 330,553
Charge for year 6,000 144,764 150,764
At 30 June 2024 18,000 463,317 481,317
NET BOOK VALUE
At 30 June 2024 42,000 879,291 921,291
At 30 June 2023 48,000 810,268 858,268

G ROWORTH AGRICULTURAL CONTRACTING LTD (REGISTERED NUMBER: 11760524)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023 473,620
Additions 192,082
Transfer to ownership (115,600 )
At 30 June 2024 550,102
DEPRECIATION
At 1 July 2023 55,218
Charge for year 50,816
Transfer to ownership (38,304 )
At 30 June 2024 67,730
NET BOOK VALUE
At 30 June 2024 482,372
At 30 June 2023 418,402

Assets held under hire purchase and finance lease agreements have a net book value of £482,372 (2023 : £418,402).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 185,980 210,135
Other debtors 33,019 13,352
218,999 223,487

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 59,230 31,163
Hire purchase contracts (see note 8) 106,362 205,123
Trade creditors 214,236 89,494
Social security and other taxes 96,669 50,972
Other creditors 2,160 1,744
Directors' loan accounts 60 68,699
Accrued expenses 24,930 38,882
503,647 486,077

G ROWORTH AGRICULTURAL CONTRACTING LTD (REGISTERED NUMBER: 11760524)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 26,894 19,061
Hire purchase contracts (see note 8) 266,347 199,498
293,241 218,559

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 106,362 205,123
Between one and five years 266,347 199,498
372,709 404,621

Non-cancellable operating leases
2024 2023
£    £   
Within one year 15,000 15,000
Between one and five years 75,000 22,500
90,000 37,500

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 41,913 21,163
Hire purchase contracts 372,709 404,621
414,622 425,784

G ROWORTH AGRICULTURAL CONTRACTING LTD (REGISTERED NUMBER: 11760524)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
G P Roworth
Balance outstanding at start of year (68,700 ) 74,652
Amounts advanced 103,448 92,759
Amounts repaid (34,809 ) (236,111 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (61 ) (68,700 )

This loan is charged to interest at the official rate, repayable under no specific terms and held jointly with the director's spouse.

11. RELATED PARTY DISCLOSURES

The director rents land and buildings to the company for £10,800 (2023 : £10,200).