FIELDENS OTR LIMITED

Company Registration Number:
11361258 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

FIELDENS OTR LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

FIELDENS OTR LIMITED

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal activities of the company

The manufacture of agricultural machinery.



Directors

The directors shown below have held office during the whole of the period from
1 July 2023 to 30 June 2024

Mark Phillip Duncan
Thomas Rizzi


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
28 August 2025

And signed on behalf of the board by:
Name: Thomas Rizzi
Status: Director

FIELDENS OTR LIMITED

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 2,342,689 2,212,024
Cost of sales: ( 1,327,239 ) ( 1,267,472 )
Gross profit(or loss): 1,015,450 944,552
Administrative expenses: ( 1,065,040 ) ( 801,199 )
Operating profit(or loss): (49,590) 143,353
Interest payable and similar charges: ( 75 )
Profit(or loss) before tax: (49,590) 143,278
Tax: 313 ( 53,115 )
Profit(or loss) for the financial year: (49,277) 90,163

FIELDENS OTR LIMITED

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets: 3 134,815 168,518
Tangible assets: 4 306,103 188,624
Total fixed assets: 440,918 357,142
Current assets
Stocks: 5 390,341 481,880
Debtors: 6 201,793 562,966
Cash at bank and in hand: 0 176,787
Total current assets: 592,134 1,221,633
Creditors: amounts falling due within one year: 7 ( 1,341,000 ) ( 1,837,446 )
Net current assets (liabilities): (748,866) (615,813)
Total assets less current liabilities: (307,948) ( 258,671)
Total net assets (liabilities): (307,948) (258,671)
Capital and reserves
Called up share capital: 100 100
Other reserves: 710,474 710,474
Profit and loss account: (1,018,522 ) (969,245 )
Total Shareholders' funds: ( 307,948 ) (258,671)

The notes form part of these financial statements

FIELDENS OTR LIMITED

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 28 August 2025
and signed on behalf of the board by:

Name: Thomas Rizzi
Status: Director

The notes form part of these financial statements

FIELDENS OTR LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover from the sale of goods is recognized when all of the following conditions are satisfied: - The company has transferred the significant risks and rewards of ownership to the buyer -the company retains neither continuing managerial involvement to the degree usually associated wit ownership nor effective control over the goods sold -the amount of turnover can be measured reliably -it is probably that the company will receive the consideration due under the transaction and -the costs incurred or to be incurred in respect of the transaction can be measured reliably

    Tangible fixed assets depreciation policy

    Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on the straight line bases.

    Intangible fixed assets amortisation policy

    Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirers interest in the fair value of the acquiree at the date of acquisition. Subseqent to initial recognition, goodwill is measured at cost less accumulated amortisation. Goodwill is measured on the straight line basis.

FIELDENS OTR LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 26 20

FIELDENS OTR LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 July 2023 337,031 0 337,031
Additions 0 0 0
Disposals 0 0 0
Revaluations 0 0 0
Transfers 0 0 0
At 30 June 2024 337,031 0 337,031
Amortisation
At 1 July 2023 168,513 0 168,513
Charge for year 33,703 0 33,703
On disposals 0 0 0
Other adjustments 0 0 0
At 30 June 2024 202,216 0 202,216
Net book value
At 30 June 2024 134,815 0 134,815
At 30 June 2023 168,518 0 168,518

FIELDENS OTR LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 46,070 203,393 9,815 13,103 272,381
Additions 5,122 162,961 4,239 0 172,322
Disposals
Revaluations
Transfers
At 30 June 2024 51,192 366,354 14,054 13,103 444,703
Depreciation
At 1 July 2023 37,806 23,033 9,815 13,103 83,757
Charge for year 7,084 46,934 825 0 54,843
On disposals
Other adjustments
At 30 June 2024 44,890 69,967 10,640 13,103 138,600
Net book value
At 30 June 2024 6,302 296,387 3,414 0 306,103
At 30 June 2023 8,264 180,360 0 0 188,624

FIELDENS OTR LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Stocks

2024 2023
£ £
Stocks 390,341 481,880
Total 390,341 481,880

FIELDENS OTR LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Debtors

2024 2023
£ £
Trade debtors 149,313 277,472
Prepayments and accrued income 52,480 13,503
Other debtors 0 271,991
Total 201,793 562,966

FIELDENS OTR LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

7. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 133,320 171,992
Taxation and social security 68,204 116,704
Accruals and deferred income 51,772 48,000
Other creditors 1,087,704 1,500,750
Total 1,341,000 1,837,446