REGISTERED NUMBER: 03948413 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

G.N.H. Agri Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R Parry

Mrs G Parry

SECRETARY:

Mrs G Parry

REGISTERED OFFICE:

Meithrinfa

Aberdesach

Caernarfon

LL54 5EN

REGISTERED NUMBER:

03948413 (England and Wales)

ACCOUNTANTS:

Dunn & Ellis Cyf

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

801,109

828,793

801,109

828,793

CURRENT ASSETS

Stocks

129,554

264,234

Debtors

6

77,566

73,503

Cash in hand

157

157

207,277

337,894

CREDITORS

Amounts falling due within one year

7

172,672

301,859

NET CURRENT ASSETS

34,605

36,035

TOTAL ASSETS LESS CURRENT LIABILITIES

835,714

864,828

CREDITORS

Amounts falling due after more than one year

8

(77,994

)

(97,381

)

PROVISIONS FOR LIABILITIES

(152,211

)

(194,932

)

NET ASSETS

605,509

572,515

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

605,409

572,415

SHAREHOLDERS' FUNDS

605,509

572,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mr R Parry - Director

Mrs G Parry - Director

1.	STATUTORY INFORMATION

G.N.H. Agri 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, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

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

Tangible fixed assets

Fixed assets are stated at their cost prices, less accumulated depreciation and less amounts recognised in respect of impairment. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Buildings freehold - 2% straight line

Plant & machinery - 3% reducing balance

Motor vehicles - 8% reducing balance

Computer equipment - 10% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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

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 4 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

17,500

AMORTISATION

At 1 January 2024

and 31 December 2024

17,500

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

10,508

1,483,438

1,493,946

Additions

-

2,130

2,130

At 31 December 2024

10,508

1,485,568

1,496,076

DEPRECIATION

At 1 January 2024

3,170

661,983

665,153

Charge for year

210

29,604

29,814

At 31 December 2024

3,380

691,587

694,967

NET BOOK VALUE

At 31 December 2024

7,128

793,981

801,109

At 31 December 2023

7,338

821,455

828,793

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

77,566

50,209

Other debtors

-

23,294

77,566

73,503

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

75,003

177,869

Hire purchase contracts

-

3,178

Trade creditors

53,452

70,068

Taxation and social security

40,479

47,069

Other creditors

3,738

3,675

172,672

301,859

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

77,994

97,381