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Registration number: 11164514

C G & K D Briggs Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

C G & K D Briggs Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

C G & K D Briggs Ltd

Company Information

Directors | Mr CG Briggs Mrs KD Briggs

Registered office | Kerdon Farm Ash Priors Taunton Somerset TA4 3NB

Accountants | Ward and Co Chartered Accountants West Penhill Farm Fremington Devon EX31 2NG

C G & K D Briggs Ltd

(Registration number: 11164514)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Biological assets | 4 | 426,604 | 426,604
Tangible assets | 5 | 370,165 | 353,779
|  | 796,769 | 780,383
Current assets |  |  |
Stock |  | 18,380 | 33,583
Debtors | 6 | 126,413 | 86,913
Cash at bank and in hand |  | 37,807 | 13,111
|  | 182,600 | 133,607
Creditors: Amounts falling due within one year | 7 | (553,884) | (566,608)
Net current liabilities |  | (371,284) | (433,001)
Total assets less current liabilities |  | 425,485 | 347,382
Creditors: Amounts falling due after more than one year | 7 | (1,667) | (11,667)
Provisions for liabilities |  | (92,541) | (88,445)
Net assets |  | 331,277 | 247,270
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 331,177 | 247,170
Shareholders' funds |  | 331,277 | 247,270

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 August 2025 and signed on its behalf by:

C G & K D Briggs Ltd

(Registration number: 11164514)
Balance Sheet as at 31 March 2025

......................................... Mr CG Briggs Director

C G & K D Briggs Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Kerdon Farm
Ash Priors
Taunton
Somerset
TA4 3NB
United Kingdom

These financial statements were authorised for issue by the Board on 26 August 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

C G & K D Briggs Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 15% reducing balance
Tractors | 15% reducing balance
Motor vehicles | 25% reducing balance

Biological assets

Biological assets are recognised only when three recognition criteria have been fulfilled:
- the entity has control over the asset as a result of past events;
- it is probable that future economic benefits associated with the asset will flow to the entity; and
- the fair value or cost of the asset can be measured reliably.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual vales over their useful lives on the following bases:
Production herd - valued at historical cost. Movement to and from the herd during the year is not shown, only the change in number held at the accounting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stock

Stock are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stock are assessed for impairment. If stock are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

C G & K D Briggs Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

C G & K D Briggs Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Biological assets

| Production herd £
Cost or valuation
At 1 April 2024 | 426,604
At 31 March 2025 | 426,604
Carrying amount
At 31 March 2025 | 426,604
At 31 March 2024 | 426,604

5 | Tangible assets

| Plant, machinery and tractors £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2024 | 655,230 | 28,000 | 683,230
Additions | 87,308 | - | 87,308
Disposals | (39,703) | - | (39,703)
At 31 March 2025 | 702,835 | 28,000 | 730,835
Depreciation
At 1 April 2024 | 309,511 | 19,940 | 329,451
Charge for the year | 55,740 | 2,015 | 57,755
Eliminated on disposal | (26,536) | - | (26,536)
At 31 March 2025 | 338,715 | 21,955 | 360,670
Carrying amount
At 31 March 2025 | 364,120 | 6,045 | 370,165
At 31 March 2024 | 345,719 | 8,060 | 353,779

C G & K D Briggs Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 101,781 | 66,631
Prepayments | 4,793 | 9,420
Other debtors | 19,839 | 10,862
| 126,413 | 86,913

C G & K D Briggs Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 10,000 | 10,000
Trade creditors |  | 101,921 | 54,009
Taxation and social security |  | 44,083 | 38,722
Other creditors |  | 397,880 | 463,877
|  | 553,884 | 566,608

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 1,667 | 11,667

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 1,667 | 11,667

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 10,000 | 10,000

9 | Dividends

|  | 2025 |  | 2024
|  | £ |  | £
Interim dividend of £620.00 (2024 - £620.00) per ordinary share |  | 62,000 |  | 62,000