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REGISTERED NUMBER: 14571898 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 January 2025

for

TARKA AGRICULTURAL SERVICES LIMITED

TARKA AGRICULTURAL SERVICES LIMITED (REGISTERED NUMBER: 14571898)

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


TARKA AGRICULTURAL SERVICES LIMITED

Company Information
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: Mr H Gavin
Mr N O’ Loughlin





REGISTERED OFFICE: 3 Southernhay West
Exeter
Devon
EX1 1JG





REGISTERED NUMBER: 14571898 (England and Wales)





ACCOUNTANTS: Gravita Western Limited
3 Southernhay West
Exeter
Devon
EX1 1JG

TARKA AGRICULTURAL SERVICES LIMITED (REGISTERED NUMBER: 14571898)

Balance Sheet
31 JANUARY 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 38,487 32,535

CURRENT ASSETS
Stocks 26,350 19,067
Debtors 5 19,480 54,213
Cash at bank and in hand 93,445 156,659
139,275 229,939
CREDITORS
Amounts falling due within one year 6 (127,589 ) (183,756 )
NET CURRENT ASSETS 11,686 46,183
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,173

78,718

PROVISIONS FOR LIABILITIES (9,622 ) (8,134 )
NET ASSETS 40,551 70,584

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 40,451 70,484
40,551 70,584

TARKA AGRICULTURAL SERVICES LIMITED (REGISTERED NUMBER: 14571898)

Balance Sheet - continued
31 JANUARY 2025


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.

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 22 August 2025 and were signed on its behalf by:





Mr H Gavin - Director


TARKA AGRICULTURAL SERVICES LIMITED (REGISTERED NUMBER: 14571898)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2025


1. COMPANY INFORMATION

Tarka Agricultural Services 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 company's principal activities and nature of its operations are disclosed in the Directors' Report.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

TARKA AGRICULTURAL SERVICES LIMITED (REGISTERED NUMBER: 14571898)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2025


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.


Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

TARKA AGRICULTURAL SERVICES LIMITED (REGISTERED NUMBER: 14571898)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2025


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2024 541 32,000 32,541
Additions 1,331 12,000 13,331
At 31 January 2025 1,872 44,000 45,872
DEPRECIATION
At 1 February 2024 6 - 6
Charge for year 179 7,200 7,379
At 31 January 2025 185 7,200 7,385
NET BOOK VALUE
At 31 January 2025 1,687 36,800 38,487
At 31 January 2024 535 32,000 32,535

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 18,632 54,056
Prepayments 848 157
19,480 54,213

TARKA AGRICULTURAL SERVICES LIMITED (REGISTERED NUMBER: 14571898)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2025


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 5,572 38,457
Amounts owed to group undertakings 82,102 82,102
Tax 20,380 53,829
Social security and other taxes 6,047 -
VAT 7,533 4,237
Directors' current accounts 3,330 2,631
Accrued expenses 2,625 2,500
127,589 183,756

7. RELATED PARTY DISCLOSURES

The company has an intercompany account. At the balance sheet date, the amount due from the company was £17,152 (2024 £17,152).

No interest is charged on this account.

The company has an intercompany account. At the balance sheet date, the amount due from the company was £64,950 (2024 £64,950).

No interest is charged on this account.