BHE Agricultural Contractors Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04436968

BHE Agricultural Contractors Ltd

Filleted Unaudited Financial Statements

For the year ended

31 December 2024

BHE Agricultural Contractors Ltd

Financial Statements

Year ended 31 December 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

BHE Agricultural Contractors Ltd

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Tangible assets	5	3,092,635	3,327,376
Investments	6	30,100	5,000
		-------------	-------------
		3,122,735	3,332,376

Current assets

Stocks		475,896	642,210
Debtors	7	438,376	407,451
Cash at bank and in hand		16,400	15,110
		----------	-------------
		930,672	1,064,771

Creditors: amounts falling due within one year	8	( 912,019)		( 1,100,759)
		----------		-------------
Net current assets/(liabilities)			18,653		( 35,988)
			-------------		-------------
Total assets less current liabilities			3,141,388		3,296,388

Creditors: amounts falling due after more than one year	9		( 548,089)		( 842,744)

Provisions

Taxation including deferred tax	( 630,054)	( 596,709)
	-------------	-------------
Net assets	1,963,245	1,856,935
	-------------	-------------

Capital and reserves

Called up share capital	2	2
Profit and loss account	1,963,243	1,856,933
	-------------	-------------
Shareholders funds	1,963,245	1,856,935
	-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

BHE Agricultural Contractors Ltd

Statement of Financial Position (continued)

31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 24 September 2025 , and are signed on behalf of the board by:

Mr S C Dunn
Director

Company registration number: 04436968

BHE Agricultural Contractors Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Studford Farm, Ampleforth, York, North Yorkshire, YO62 5EL.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102 Section 1A, The Financial Reporting Standards applicable in the UK and Republic of Ireland.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Going concern

The UK econonmy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the director has considered the effect of these matters on the company with the information available to it and does not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On On this basis, the director has prepared these financial statements on a going concern basis.

(c) Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

(d) Current & deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Deferred tax is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred is accounted for in respect of all material timing differences to the extent that it is considered that a net liability may crystallise.

(e) Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to the expense over the lease term, on a straight-line basis. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

(f) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

(g) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold Property	-	50 years straight line
Plant & Machinery	-	5/10 years straight line
Motor Vehicles	-	5 years straight line
Office Equipment	-	5 years straight line

(h) Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

(i) Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

(j) Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

(k) Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

(l) Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

(m) Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2023: 9 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 January 2024	298,999	4,124,476	141,697	2,726	4,567,898
Additions	–	202,764	32,800	–	235,564
Disposals	–	( 258,567)	( 16,490)	–	( 275,057)
	----------	-------------	----------	-------	-------------
At 31 December 2024	298,999	4,068,673	158,007	2,726	4,528,405
	----------	-------------	----------	-------	-------------
Depreciation
At 1 January 2024	25,407	1,154,614	58,298	2,203	1,240,522
Charge for the year	4,276	296,018	20,912	261	321,467
Disposals	–	( 113,851)	( 12,368)	–	( 126,219)
	----------	-------------	----------	-------	-------------
At 31 December 2024	29,683	1,336,781	66,842	2,464	1,435,770
	----------	-------------	----------	-------	-------------
Carrying amount
At 31 December 2024	269,316	2,731,892	91,165	262	3,092,635
	----------	-------------	----------	-------	-------------
At 31 December 2023	273,592	2,969,862	83,399	523	3,327,376
	----------	-------------	----------	-------	-------------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Plant and machinery
	£
At 31 December 2024	1,888,639
	-------------
At 31 December 2023	2,404,140
	-------------

6. Investments

	Other investments other than loans
	£
Cost
At 1 January 2024	5,000
Additions	25,100
	--------
At 31 December 2024	30,100
	--------
Impairment
At 1 January 2024 and 31 December 2024	–
	--------

Carrying amount
At 31 December 2024	30,100
	--------
At 31 December 2023	5,000
	--------

7. Debtors

	2024	2023
	£	£
Trade debtors	416,776	381,380
Other debtors	21,600	26,071
	----------	----------
	438,376	407,451
	----------	----------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	234,963	480,739
Trade creditors	311,208	206,250
Social security and other taxes	18,412	–
Obligations under finance leases and hire purchase contracts	347,436	413,770
	----------	-------------
	912,019	1,100,759
	----------	-------------

Hire purchase liabilities are secured by the company on the associated asset.

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

	2024	2023
	£	£
Bank loans and overdrafts	146,431	202,145
Obligations under finance leases and hire purchase contracts	328,536	581,315
Directors loan account	73,122	59,284
	----------	----------
	548,089	842,744
	----------	----------

Hire purchase liabilities are secured by the company on the associated asset. The bank borrowings are secured by a fixed and floating charge over the company assets.

10. Related party transactions

During the year the director made available a loan to the company . At the year end date the balance due to the director totalled £ 73,122 (2023 - £ 59,284 ). Interest is charged on the loan at a commercial rate. The loan is not repayable before 31 December 2025.