E.Oldroyd & Sons(Lofthouse)Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00844536 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

FOR

E.OLDROYD & SONS(LOFTHOUSE)LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Janet Oldroyd-Hulme

James Neil Hulme

Lindsay Richard Hulme

REGISTERED OFFICE:

Hopefield Farm

The Shutts Leadwell Lane

Rothwell

Leeds

LS26 0ST

REGISTERED NUMBER:

00844536 (England and Wales)

ACCOUNTANTS:

Walter Dawson & Son

Chartered Accountants

Unit 4 Beckside Court

Leyburn Business Park

Leyburn

North Yorkshire

DL8 5QA

FIXED ASSETS

Intangible assets

4

-

6,220

Tangible assets

5

2,948,776

2,992,700

2,948,776

2,998,920

CURRENT ASSETS

Stocks

735,120

685,490

Debtors

6

1,781,157

1,648,907

Cash at bank and in hand

628,690

673,739

3,144,967

3,008,136

CREDITORS

Amounts falling due within one year

7

533,710

433,018

NET CURRENT ASSETS

2,611,257

2,575,118

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,560,033

5,574,038

CREDITORS

Amounts falling due after more than
one year

8

(1,695,256

)

(1,787,073

)

PROVISIONS FOR LIABILITIES

(202,265

)

(200,999

)

NET ASSETS

3,662,512

3,585,966

CAPITAL AND RESERVES

Called up share capital

6,060

Retained earnings

3,656,452

3,579,906

SHAREHOLDERS' FUNDS

3,662,512

3,585,966

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2025 and were signed on its behalf by:

Janet Oldroyd-Hulme - Director

James Neil Hulme - Director

Lindsay Richard Hulme - Director

1.	STATUTORY INFORMATION

E.Oldroyd & Sons(Lofthouse)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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for the sale of produce, contract services, farm subsidies and farm tours, net of VAT and any rebates. Turnover is recognised when the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulative impairment losses.

Entitlements are not being amortised.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

Not depreciated

Buildings

-

10% on reducing balance

Plant and machinery

-

12.5% on reducing balance

Tractors and comm vehicles

-

20% on reducing balance and 15% on reducing balance

Stocks

Stock is calculated using a first in first out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition. In addition, the rhubarb crop reflects the increased value of the unharvested crop as at the yer end.

All stocks, other than the strawberries, are included at the lower of cost and net realisable value after making due allowance of obsolete items. Strawberry plants are initially included in the balance sheet at the cost of establishment and then depreciated over their estimated useful life.

Cost includes all cost of purchase or production including an element of overhead expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

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.

Income recognition

Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Finance costs of debt

The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2024 - 42 ) .

4.	INTANGIBLE FIXED ASSETS

Entitlements

£

COST

At 6 April 2024

6,220

Disposals

(6,220

)

At 5 April 2025

-

NET BOOK VALUE

At 5 April 2025

-

At 5 April 2024

6,220

5.	TANGIBLE FIXED ASSETS

Tractors

Freehold

Plant and

and comm

property

Buildings

machinery

vehicles

Totals

£

COST

At 6 April 2024

1,343,741

1,331,248

1,733,927

739,299

5,148,215

Additions

-

122,079

83,944

206,023

Disposals

-

(750

)

(47,979

)

(48,729

)

At 5 April 2025

1,343,741

1,331,248

1,855,256

775,264

5,305,509

DEPRECIATION

At 6 April 2024

-

583,402

1,192,391

379,722

2,155,515

Charge for year

-

74,785

82,751

67,820

225,356

Eliminated on disposal

-

(724

)

(23,414

)

(24,138

)

At 5 April 2025

-

658,187

1,274,418

424,128

2,356,733

NET BOOK VALUE

At 5 April 2025

1,343,741

673,061

580,838

351,136

2,948,776

At 5 April 2024

1,343,741

747,846

541,536

359,577

2,992,700

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

388,829

272,536

Amounts owed by group undertakings

1,307,500

1,305,313

Directors' current accounts

-

30

VAT

31,536

17,831

Prepayments and accrued income

53,292

53,197

1,781,157

1,648,907

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

75,883

85,701

Hire purchase contracts

29,433

88,169

Trade creditors

329,842

162,079

Tax

35,157

33,105

Social security and other taxes

23,594

23,888

Other creditors

4,563

2,193

Directors' current accounts

25,662

28,181

Accruals and deferred income

9,576

9,702

533,710

433,018

The bank loan and overdraft facility is secured by freehold property at Carr Lane, Rothwell, Leeds; Westfield Road, Carlton, Wakefield; and land at Haighside, Parkers, Bitchener and Swillington.

There is a debenture dated 12th December 2007 which is a fixed and floating charges over the Company and all property and assets including goodwill, book debts, buildings, fixtures, fixed plant and machinery.

The obligations under finance leases and hire purchase contracts are secured by a charge over the assets purchased under these agreement.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans - 1-5 years

321,888

563,102

Bank loans more 5 yr by instal

1,347,901

1,169,170

Hire purchase contracts

25,467

54,801

1,695,256

1,787,073

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,347,901

1,169,170

9.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £10,452 (2024: £10,174). Contributions totalling £100 (2024: £100) were payable to the fund at the year end and are included in creditors.

10.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date, there were non-cancellable operating leases totalling £0 (2024: £3,734).