Company No: 07414523 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	30,000		37,500
Tangible assets	4	984,879		843,829
Investments	5	338,245		0
		1,353,124		881,329
Current assets
Stocks		3,180		3,180
Debtors	6	11,092		289,680
		14,272		292,860
Creditors: amounts falling due within one year	7	( 166,522)		( 227,178)
Net current (liabilities)/assets		(152,250)		65,682
Total assets less current liabilities		1,200,874		947,011
Creditors: amounts falling due after more than one year	8	( 172,781)		( 66,732)
Provision for liabilities		( 187,127)		( 160,328)
Net assets		840,966		719,951
Capital and reserves
Called-up share capital	9	100		100
Profit and loss account		840,866		719,851
Total shareholders' funds		840,966		719,951

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 financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Hues Farm Contracting Limited (registered number: 07414523) were approved and authorised for issue by the Board of Directors on 16 September 2025. They were signed on its behalf by:

Anthony Hues Director		Mr M Hues Director
Mrs R Hues Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hues Farm Contracting Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hitchcock House Hilltop Park, Devizes Road, Salisbury, SP3 4UF, United Kingdom. The principal place of business is Manor Farm, Conock, Devizes, Wiltshire, SN10 3QQ.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

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 value added tax, returns, rebates and discounts and after eliminating sales within the company.
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.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

20 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery

15 % reducing balance

Leases

The Company as lessee
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Stocks

Stocks 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 stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks 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.

Financial instruments

The company holds the following financial instruments:
• Short term trade and other debtors and creditors;
• Cash and bank balances.
All financial instruments are classified as basic.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2024	150,000		150,000
At 31 March 2025	150,000		150,000
Accumulated amortisation
At 01 April 2024	112,500		112,500
Charge for the financial year	7,500		7,500
At 31 March 2025	120,000		120,000
Net book value
At 31 March 2025	30,000		30,000
At 31 March 2024	37,500		37,500

4. Tangible assets

	Plant and machinery		Total
	£		£
Cost
At 01 April 2024	1,543,988		1,543,988
Additions	452,000		452,000
Disposals	( 417,750)		( 417,750)
At 31 March 2025	1,578,238		1,578,238
Accumulated depreciation
At 01 April 2024	700,159		700,159
Charge for the financial year	100,961		100,961
Disposals	( 207,761)		( 207,761)
At 31 March 2025	593,359		593,359
Net book value
At 31 March 2025	984,879		984,879
At 31 March 2024	843,829		843,829

Of the total net book value of the assets above , net book value totalling £543,649 (2024- £449,569) are purchased under hire purchase contracts. The depreciation charge on these assets is £23,301 (2024- £70,121)

5. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 April 2024	0		0
Additions	338,245		338,245
At 31 March 2025	338,245		338,245
Carrying value at 31 March 2025	338,245		338,245
Carrying value at 31 March 2024	0		0

6. Debtors

	2025		2024
	£		£
Trade debtors	11,092		3,707
Other debtors	0		285,973
	11,092		289,680

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank overdrafts	37,950		24,614
Trade creditors	4,372		8,246
Taxation and social security	( 13,063)		16,972
Obligations under finance leases and hire purchase contracts	75,505		118,765
Other creditors	61,758		58,581
	166,522		227,178

Bank overdraft of £37,950 (2024- £24,614) are secured by the assets of the company

The hire purchase liability of £75,505 (2024- £118,765) above is secured by the respective assets of the company

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts (secured)	172,781		66,732

The hire purchase liability of £172,781 (2024- £66,732) above is secured by the respective assets of the company

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
30 Ordinary A shares of £ 1.00 each	30		30
30 Ordinary B shares of £ 1.00 each	30		30
20 Ordinary C shares of £ 1.00 each	20		20
20 Ordinary D shares of £ 1.00 each	20		20
	100		100

10. Related party transactions

Other related party transactions

	2025		2024
	£		£
Amount due from Richard J Hues and Sons Partnership	338,245		135,973