Company registration number 04736404 (England and Wales)
ROBERT COLE AGRICULTURAL ENGINEERS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
ROBERT COLE AGRICULTURAL ENGINEERS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
ROBERT COLE AGRICULTURAL ENGINEERS LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,134,878
754,622
Current assets
Stocks
1,921,696
1,773,213
Debtors
4
523,445
426,059
Cash at bank and in hand
182,404
195,253
2,627,545
2,394,525
Creditors: amounts falling due within one year
5
(1,189,399)
(1,171,993)
Net current assets
1,438,146
1,222,532
Total assets less current liabilities
2,573,024
1,977,154
Creditors: amounts falling due after more than one year
6
(640,044)
(219,510)
Provisions for liabilities
(163,267)
(170,701)
Net assets
1,769,713
1,586,943
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
1,769,613
1,586,843
Total equity
1,769,713
1,586,943
ROBERT COLE AGRICULTURAL ENGINEERS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2025
31 January 2025
- 2 -

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 17 September 2025 and are signed on its behalf by:
Mr R W Oates
Director
Company registration number 04736404 (England and Wales)
ROBERT COLE AGRICULTURAL ENGINEERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 3 -
1
Accounting policies
Company information

Robert Cole Agricultural Engineers Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Summit, Woodwater Park, Pynes Hill, Exeter, United Kingdom, EX2 5WS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Revenue is included in the financial statements when the goods have been collected by or delivered to the customer.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
Plant and machinery
10-25% Reducing Balance
Fixtures, fittings & equipment
10-50% Reducing Balance
Fleet hire
10-25% Reducing Balance
Motor vehicles
25% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

ROBERT COLE AGRICULTURAL ENGINEERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

1.10
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 13 (2024 - 13).

2025
2024
Number
Number
Total
13
13
ROBERT COLE AGRICULTURAL ENGINEERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 5 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 February 2024
71,818
960,062
1,031,880
Additions
409,991
394,363
804,354
Disposals
-
0
(403,041)
(403,041)
At 31 January 2025
481,809
951,384
1,433,193
Depreciation and impairment
At 1 February 2024
-
0
277,258
277,258
Depreciation charged in the year
-
0
165,297
165,297
Eliminated in respect of disposals
-
0
(144,240)
(144,240)
At 31 January 2025
-
0
298,315
298,315
Carrying amount
At 31 January 2025
481,809
653,069
1,134,878
At 31 January 2024
71,818
682,804
754,622
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
520,380
414,271
Other debtors
3,065
11,788
523,445
426,059
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
28,600
10,000
Trade creditors
731,671
880,612
Taxation and social security
141,528
166,200
Other creditors
287,600
115,181
1,189,399
1,171,993

Included within bank loans are amounts totalling £18,600 (2024: £0) which are secured by way of a legal mortgage over the land and property concerned.

Included within other creditors are amounts under hire purchase and finance lease totalling £158,530 (2024: £108,156) which are secured against the assets concerned.

ROBERT COLE AGRICULTURAL ENGINEERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 6 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
153,450
-
0
Other creditors
486,594
219,510
640,044
219,510

Included within bank loans are amounts totalling £153,450 (2024: £0) which are secured by way of a legal mortgage over the land and property concerned.

Included within other creditors are amounts under hire purchase and finance lease totalling £482,428 (2024: £205,344) which are secured against the assets concerned.

Creditors which fall due after five years are as follows:
2025
2024
£
£
Payable by instalments
79,050
-
7
Directors' transactions

Advances or credits have been granted by the company to one of its directors as follows.

The loan is unsecured and repayable on demand.

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
One director
-
7,855
19,709
(32,500)
(4,936)
7,855
19,709
(32,500)
(4,936)
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