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REGISTERED NUMBER: 01867806 (England and Wales)















Unaudited Financial Statements For The Year Ended 30 November 2024

for

Michael Osgerby (Agriculture) Limited

Michael Osgerby (Agriculture) Limited (Registered number: 01867806)

Contents of the Financial Statements
For The Year Ended 30 November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Michael Osgerby (Agriculture) Limited

Company Information
For The Year Ended 30 November 2024







DIRECTORS: Mr M W Osgerby
Mr W M Osgerby





REGISTERED OFFICE: Shrubbery Farm
Ottringham Road
Sunk Island
Hull
HU12 0DY





REGISTERED NUMBER: 01867806 (England and Wales)





ACCOUNTANTS: Harris & Clarke LLP
7 Billing Road
Northampton
NORTHAMPTONSHIRE
NN1 5AN

Michael Osgerby (Agriculture) Limited (Registered number: 01867806)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 537,811 441,186
Investments 5 4 4
Investment property 6 387,601 387,601
925,416 828,791

CURRENT ASSETS
Stocks 169,404 179,178
Debtors 7 417,010 246,889
Cash at bank and in hand 9,078 267,789
595,492 693,856
CREDITORS
Amounts falling due within one year 8 102,606 193,285
NET CURRENT ASSETS 492,886 500,571
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,418,302

1,329,362

CREDITORS
Amounts falling due after more than one year 9 - (12,991 )

PROVISIONS FOR LIABILITIES (98,972 ) (67,021 )
NET ASSETS 1,319,330 1,249,350

Michael Osgerby (Agriculture) Limited (Registered number: 01867806)

Balance Sheet - continued
30 November 2024

2024 2023
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,319,328 1,249,348
SHAREHOLDERS' FUNDS 1,319,330 1,249,350

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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 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 29 August 2025 and were signed on its behalf by:




Mr M W Osgerby - Director



Mr W M Osgerby - Director


Michael Osgerby (Agriculture) Limited (Registered number: 01867806)

Notes to the Financial Statements
For The Year Ended 30 November 2024


1. STATUTORY INFORMATION

Michael Osgerby (Agriculture) 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.

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.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on cost and 15% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Michael Osgerby (Agriculture) Limited (Registered number: 01867806)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2024


2. ACCOUNTING POLICIES - continued

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.

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 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2023 71,576 844,257 915,833
Additions 143,000 12,805 155,805
Disposals - (14,335 ) (14,335 )
At 30 November 2024 214,576 842,727 1,057,303
DEPRECIATION
At 1 December 2023 70,014 404,633 474,647
Charge for year 1,640 54,607 56,247
Eliminated on disposal - (11,402 ) (11,402 )
At 30 November 2024 71,654 447,838 519,492
NET BOOK VALUE
At 30 November 2024 142,922 394,889 537,811
At 30 November 2023 1,562 439,624 441,186

Michael Osgerby (Agriculture) Limited (Registered number: 01867806)

Notes to the Financial Statements - continued
For The Year Ended 30 November 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 December 2023 272,770
Transfer to ownership (193,798 )
At 30 November 2024 78,972
DEPRECIATION
At 1 December 2023 26,969
Charge for year 29,274
Transfer to ownership (41,041 )
At 30 November 2024 15,202
NET BOOK VALUE
At 30 November 2024 63,770
At 30 November 2023 245,801

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 December 2023
and 30 November 2024 1 3 4
NET BOOK VALUE
At 30 November 2024 1 3 4
At 30 November 2023 1 3 4

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 387,601
NET BOOK VALUE
At 30 November 2024 387,601
At 30 November 2023 387,601

Michael Osgerby (Agriculture) Limited (Registered number: 01867806)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 103,145 231,344
Amounts owed by group undertakings 34,398 13,467
Other debtors 279,467 2,078
417,010 246,889

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 12,991 46,000
Trade creditors 51,537 102,417
Taxation and social security 33,782 23,798
Other creditors 4,296 21,070
102,606 193,285

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 12,991