IRIS Accounts Production v25.2.0.378 00373857 Board of Directors Board of Directors Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 00373857 2024-03-31 00373857 2025-03-31 00373857 2024-04-01 2025-03-31 00373857 2023-03-31 00373857 2023-04-01 2024-03-31 00373857 2024-03-31 00373857 ns15:EnglandWales 2024-04-01 2025-03-31 00373857 ns14:PoundSterling 2024-04-01 2025-03-31 00373857 ns10:Director1 2024-04-01 2025-03-31 00373857 ns10:Director2 2024-04-01 2025-03-31 00373857 ns10:Director3 2024-04-01 2025-03-31 00373857 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 00373857 ns10:SmallEntities 2024-04-01 2025-03-31 00373857 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 00373857 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 00373857 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 00373857 ns10:AbridgedAccounts 2024-04-01 2025-03-31 00373857 ns10:OrdinaryShareClass1 2024-04-01 2025-03-31 00373857 ns10:CompanySecretary1 2024-04-01 2025-03-31 00373857 ns10:RegisteredOffice 2024-04-01 2025-03-31 00373857 ns5:CurrentFinancialInstruments 2025-03-31 00373857 ns5:CurrentFinancialInstruments 2024-03-31 00373857 ns5:Non-currentFinancialInstruments 2025-03-31 00373857 ns5:Non-currentFinancialInstruments 2024-03-31 00373857 ns5:ShareCapital 2025-03-31 00373857 ns5:ShareCapital 2024-03-31 00373857 ns5:RevaluationReserve 2025-03-31 00373857 ns5:RevaluationReserve 2024-03-31 00373857 ns5:CapitalRedemptionReserve 2025-03-31 00373857 ns5:CapitalRedemptionReserve 2024-03-31 00373857 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 00373857 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 00373857 ns5:LandBuildings ns5:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 00373857 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-04-01 2025-03-31 00373857 ns5:PlantMachinery 2024-04-01 2025-03-31 00373857 ns5:FurnitureFittings 2024-04-01 2025-03-31 00373857 ns5:MotorVehicles 2024-04-01 2025-03-31 00373857 ns5:ComputerEquipment 2024-04-01 2025-03-31 00373857 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2025-03-31 00373857 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2024-03-31 00373857 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2025-03-31 00373857 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2024-03-31 00373857 ns5:HirePurchaseContracts 2025-03-31 00373857 ns5:HirePurchaseContracts 2024-03-31 00373857 ns5:WithinOneYear 2025-03-31 00373857 ns5:WithinOneYear 2024-03-31 00373857 ns5:BetweenOneFiveYears 2025-03-31 00373857 ns5:BetweenOneFiveYears 2024-03-31 00373857 ns5:AllPeriods 2025-03-31 00373857 ns5:AllPeriods 2024-03-31 00373857 ns5:Secured 2025-03-31 00373857 ns5:Secured 2024-03-31 00373857 ns10:OrdinaryShareClass1 2025-03-31 00373857 ns5:RevaluationReserve 2024-03-31

REGISTERED NUMBER: 00373857 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2025 |

| FOR |

| FARM SERVICES LIMITED |

| FARM SERVICES LIMITED (REGISTERED NUMBER: 00373857) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| FARM SERVICES LIMITED |

COMPANY INFORMATION

for the year ended 31 March 2025

| DIRECTORS: | R P Burtonshaw

| I Watt

| R J Burtonshaw

| SECRETARY: | R P Burtonshaw

| REGISTERED OFFICE: | Chesterton Estate Yard

| Banbury Road

| Lighthorne

| Warwick

| Warwickshire

| CV35 0AF

| REGISTERED NUMBER: | 00373857 (England and Wales)

| BANKERS: | Lloyds Bank plc

| 12 Swan Street

| Warwick

| CV34 4BJ

| FARM SERVICES LIMITED (REGISTERED NUMBER: 00373857) |

ABRIDGED BALANCE SHEET

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,396,184 |  | 1,451,754 |  |

CURRENT ASSETS

Stocks | 37,450 |  | 27,613 |  |

Debtors | 181,976 |  | 107,449 |  |

Cash at bank and in hand | 281 |  | 41 |  |

219,707 |  | 135,103 |  |

CREDITORS

Amounts falling due within one year | 485,012 |  | 429,190 |  |

NET CURRENT LIABILITIES | (265,305 | ) | (294,087 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,130,879 |  | 1,157,667 |  |

CREDITORS

Amounts falling due after more than one year | (147,633 | ) | (209,092 | ) |

PROVISIONS FOR LIABILITIES | (171,346 | ) | (163,643 | ) |

NET ASSETS | 811,900 |  | 784,932 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 23,459 |  | 23,459 |  |

Revaluation reserve | 8 | 646,301 |  | 646,301 |  |

Capital redemption reserve | 20,048 |  | 20,048 |  |

Retained earnings | 122,092 |  | 95,124 |  |

SHAREHOLDERS' FUNDS | 811,900 |  | 784,932 |  |

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.

| FARM SERVICES LIMITED (REGISTERED NUMBER: 00373857) |

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 July 2025 and were signed on its behalf by:

R P Burtonshaw - Director | I Watt - Director

R J Burtonshaw - Director

| FARM SERVICES LIMITED (REGISTERED NUMBER: 00373857) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

1. | STATUTORY INFORMATION

| Farm 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.

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" and the Companies Act 2006.The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| The financial statements are presented in sterling which is the functional currency of the company and is rounded to the nearest £1.

| At the balance sheet date the company had net current liabilities of £265,305 (2024 - £294,087), and total net assets of £811,900 (2024 - £784,932). Included in creditors due within one year is a bank overdraft of £181,659. The company's bankers have agreed a continuation of this overdraft facility and along with the forecasted future profitable trade the business is considered a going concern. The accounts and financial statements have therefore been prepared on a going concern basis.

| Turnover

| Turnover comprises the value of sales (excluding value added tax, similar taxes and trade discounts) of goods and services provided in the normal course of business. Revenue is recognised when the goods are despatched, which is the same day on which the goods are delivered and hence is the point at which the risks and rewards of ownership passes to the buyer.

| 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 | - | nil

| Workshops | - | not provided

| Plant and machinery | - | 25% on reducing balance and 10% on reducing balance

| Fixtures, fittings and equipment | - | 25% on cost and 5% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Implements and equipment | - | 10% on reducing balance and 5% on reducing balance

| Stocks

| Work in progress is valued at the lower of cost and net realisable value.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| 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.

| FARM SERVICES LIMITED (REGISTERED NUMBER: 00373857) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| 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 9 (2024 - 11 ) .

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST OR VALUATION

| At 1 April 2024 | 2,360,641 |  |

| Disposals | (69,080 | ) |

| At 31 March 2025 | 2,291,561 |  |

| DEPRECIATION

| At 1 April 2024 | 908,887 |  |

| Charge for year | 51,232 |  |

| Eliminated on disposal | (64,742 | ) |

| At 31 March 2025 | 895,377 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,396,184 |  |

| At 31 March 2024 | 1,451,754 |  |

| The company's premises were valued on 6 September 2018 by Howkins & Harrison registered valuers on the basis of open market value of £840,000.

| FARM SERVICES LIMITED (REGISTERED NUMBER: 00373857) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

4. | TANGIBLE FIXED ASSETS - continued

| Cost or valuation at 31 March 2025 is represented by:

| Totals

£ |

| Valuation in 2022 | 760,770 |  |

| Cost | 1,530,791 |  |

2,291,561 |  |

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

| Totals

£ |

| COST OR VALUATION

| At 1 April 2024

| and 31 March 2025 | 468,547 |  |

| DEPRECIATION

| At 1 April 2024 | 175,412 |  |

| Charge for year | 29,314 |  |

| At 31 March 2025 | 204,726 |  |

| NET BOOK VALUE

| At 31 March 2025 | 263,821 |  |

| At 31 March 2024 | 293,135 |  |

5. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 29,516 |  | 37,641 |  |

| Between one and five years | 39,355 |  | 68,871 |  |

68,871 |  | 106,512 |  |

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 9,620 |  | 525 |  |

| Between one and five years | 16,033 |  | - |  |

25,653 |  | 525 |  |

| FARM SERVICES LIMITED (REGISTERED NUMBER: 00373857) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

6. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank overdrafts | 181,659 |  | 242,530 |  |

| Bank loan | 55,560 |  | 77,112 |  |

| Hire purchase contracts | 68,871 |  | 106,512 |  |

306,090 |  | 426,154 |  |

| The bank overdraft and loan are secured by charges over the company's freehold land and buildings. The hire purchase is secured on the assets concerned.

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 23,459 | Ordinary | £1 | 23,459 |  | 23,459 |  |

8. | RESERVES

| Revaluation

| reserve

£ |

| At 1 April 2024

| and 31 March 2025 | 646,301 |  |

| The capital redemption reserve of £20,048 represents the par value of the company's own shares purchased by the company.

9. | PENSION COMMITMENTS

| The company operates a defined contribution pension scheme in respect of the directors and certain employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £15,080 (2024 - £16,692). At the year end there was a balance outstanding amounting to £2,021 (2024 - £1,070).

10. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.