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REGISTERED NUMBER: 03352454 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

HURRELL & MCLEAN SEEDS LIMITED

HURRELL & MCLEAN SEEDS LIMITED (REGISTERED NUMBER: 03352454)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HURRELL & MCLEAN SEEDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: E P A Gladstone
N A Gladstone
P R Elstob
J J Elstob





SECRETARY: J J Elstob





REGISTERED OFFICE: Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ





REGISTERED NUMBER: 03352454 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

HURRELL & MCLEAN SEEDS LIMITED (REGISTERED NUMBER: 03352454)

BALANCE SHEET
31 JANUARY 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 3,125
Tangible assets 5 1,637,265 1,066,135
1,637,265 1,069,260

CURRENT ASSETS
Stocks 163,400 154,800
Debtors 6 2,389,849 1,392,090
Cash at bank 1,201,638 796,365
3,754,887 2,343,255
CREDITORS
Amounts falling due within one year 7 1,055,415 391,772
NET CURRENT ASSETS 2,699,472 1,951,483
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,336,737

3,020,743

CREDITORS
Amounts falling due after more than one
year

8

(5,419

)

-

PROVISIONS FOR LIABILITIES (34,516 ) (54,870 )
NET ASSETS 4,296,802 2,965,873

CAPITAL AND RESERVES
Called up share capital 9 56 56
Share premium 964,221 964,221
Retained earnings 3,332,525 2,001,596
SHAREHOLDERS' FUNDS 4,296,802 2,965,873

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

HURRELL & MCLEAN SEEDS LIMITED (REGISTERED NUMBER: 03352454)

BALANCE SHEET - continued
31 JANUARY 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2025 and were signed on its behalf by:





N A Gladstone - Director


HURRELL & MCLEAN SEEDS LIMITED (REGISTERED NUMBER: 03352454)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

Hurrell & McLean Seeds 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover relates to the sale of seeds, and is recognised on exchange of goods.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, has been amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

HURRELL & MCLEAN SEEDS LIMITED (REGISTERED NUMBER: 03352454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company has implemented an auto-enrolment pension scheme in respect of all employees. Contributions are charged to the income statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 250,000
AMORTISATION
At 1 February 2024 246,875
Charge for year 3,125
At 31 January 2025 250,000
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 3,125

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2024 812,098 573,352 1,385,450
Additions 570,892 83,149 654,041
At 31 January 2025 1,382,990 656,501 2,039,491
DEPRECIATION
At 1 February 2024 16,242 303,073 319,315
Charge for year 17,242 65,669 82,911
At 31 January 2025 33,484 368,742 402,226
NET BOOK VALUE
At 31 January 2025 1,349,506 287,759 1,637,265
At 31 January 2024 795,856 270,279 1,066,135

Included in cost of land and buildings is freehold land of £ 812,098 (2024 - £ 812,098 ) which is not depreciated.

HURRELL & MCLEAN SEEDS LIMITED (REGISTERED NUMBER: 03352454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 413,782 185,366
Other debtors 1,976,067 1,206,724
2,389,849 1,392,090

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade creditors 490,734 102,689
Taxation and social security 552,278 279,917
Other creditors 12,403 9,166
1,055,415 391,772

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Other creditors 5,419 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 31.1.24
value: £    £   
32 Ordinary A £1 32 32
4 Ordinary B £1 4 4
3 Ordinary C £1 3 3
3 Ordinary D £1 3 3
4 Ordinary E £1 4 4
4 Ordinary F £1 4 4
3 Ordinary G £1 3 3
3 Ordinary H £1 3 3
56 56

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25 31.1.24
£    £   
E P A Gladstone
Balance outstanding at start of year - 77
Amounts repaid - (77 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

HURRELL & MCLEAN SEEDS LIMITED (REGISTERED NUMBER: 03352454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

N A Gladstone
Balance outstanding at start of year 596,171 91,950
Amounts advanced 941,779 596,171
Amounts repaid (596,171 ) (91,950 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 941,779 596,171

P R Elstob and J J Elstob
Balance outstanding at start of year 562,177 67,502
Amounts advanced 941,779 562,177
Amounts repaid (562,177 ) (67,502 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 941,779 562,177