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REGISTERED NUMBER: 03932995 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

R.S. CROFT (FARMERS) LIMITED

R.S. CROFT (FARMERS) LIMITED (REGISTERED NUMBER: 03932995)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R.S. CROFT (FARMERS) LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2025







DIRECTORS: T J Croft
M A Croft
Mrs H Croft
A M Croft
Ms E Rhodes
Dr S Shaw





SECRETARY: Mrs H Croft





REGISTERED OFFICE: Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF





REGISTERED NUMBER: 03932995 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

R.S. CROFT (FARMERS) LIMITED (REGISTERED NUMBER: 03932995)

BALANCE SHEET
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,195,909 3,147,195

CURRENT ASSETS
Stocks 258,065 219,592
Debtors 5 169,537 173,329
427,602 392,921
CREDITORS
Amounts falling due within one year 6 800,427 739,009
NET CURRENT LIABILITIES (372,825 ) (346,088 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,823,084

2,801,107

CREDITORS
Amounts falling due after more than one year 7 (1,738,049 ) (1,634,227 )

PROVISIONS FOR LIABILITIES (181,696 ) (197,247 )
NET ASSETS 903,339 969,633

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 902,339 968,633
SHAREHOLDERS' FUNDS 903,339 969,633

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

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

R.S. CROFT (FARMERS) LIMITED (REGISTERED NUMBER: 03932995)

BALANCE SHEET - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:





M A Croft - Director


R.S. CROFT (FARMERS) LIMITED (REGISTERED NUMBER: 03932995)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

R.S. Croft (Farmers) Limited is a private company limited by shares incorporated and domiciled in England. It has its registered office at Beckside Court, Annie Reed Road, Beverley, East Yorkshire, HU17 0LF. Its principal place of business is at North End Farm, Station Road, Ottringham, Hull, East Yorkshire, HU12 0BJ.

The principal activity of the company is of farming.

The presentational currency of the financial statements is Pound Sterling (£).

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

All sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

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.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making, due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is calculated on the first in first out basis.


R.S. CROFT (FARMERS) LIMITED (REGISTERED NUMBER: 03932995)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

R.S. CROFT (FARMERS) LIMITED (REGISTERED NUMBER: 03932995)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024 2,008,603 1,732,085 3,740,688
Additions - 251,000 251,000
Disposals - (178,060 ) (178,060 )
At 31 March 2025 2,008,603 1,805,025 3,813,628
DEPRECIATION
At 1 April 2024 154,348 439,145 593,493
Charge for year 4,662 78,256 82,918
Eliminated on disposal - (58,692 ) (58,692 )
At 31 March 2025 159,010 458,709 617,719
NET BOOK VALUE
At 31 March 2025 1,849,593 1,346,316 3,195,909
At 31 March 2024 1,854,255 1,292,940 3,147,195

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

Plant and
machinery
etc
£   
COST
At 1 April 2024 903,954
Additions 228,500
Disposals (93,000 )
At 31 March 2025 1,039,454
DEPRECIATION
At 1 April 2024 117,167
Charge for year 43,310
Eliminated on disposal (15,500 )
At 31 March 2025 144,977
NET BOOK VALUE
At 31 March 2025 894,477
At 31 March 2024 786,787

R.S. CROFT (FARMERS) LIMITED (REGISTERED NUMBER: 03932995)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 5,473 7,199
Other debtors 164,064 166,130
169,537 173,329

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 414,107 445,382
Hire purchase contracts (see note 8) 114,186 112,513
Trade creditors 198,399 152,303
Amounts owed to associates 25,710 19,410
Taxation and social security 26,637 451
Other creditors 21,388 8,950
800,427 739,009

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 982,723 833,426
Hire purchase contracts (see note 8) 135,692 157,117
Other creditors 619,634 643,684
1,738,049 1,634,227

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 114,186 112,513
Between one and five years 135,692 157,117
249,878 269,630

R.S. CROFT (FARMERS) LIMITED (REGISTERED NUMBER: 03932995)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025


8. LEASING AGREEMENTS - continued

Non-cancellable
operating leases
2025 2024
£    £   
Within one year - 44,814

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed its directors £619,634 (2024: £643,864).

At the balance sheet date the company owed to a related company T.J.C. (Engineering Services) Limited £15,235 (2024: £4,935).

At the balance sheet date the company owed to a related company Holderness Sprayers Limited £10,475 (2024: £14,475).