IRIS Accounts Production v25.3.0.601 00476593 Board of Directors 1.2.24 31.3.25 31.3.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 00476593 2024-01-31 00476593 2025-03-31 00476593 2024-02-01 2025-03-31 00476593 2023-01-31 00476593 2023-02-01 2024-01-31 00476593 2024-01-31 00476593 ns15:EnglandWales 2024-02-01 2025-03-31 00476593 ns14:PoundSterling 2024-02-01 2025-03-31 00476593 ns10:Director1 2024-02-01 2025-03-31 00476593 ns10:PrivateLimitedCompanyLtd 2024-02-01 2025-03-31 00476593 ns10:SmallEntities 2024-02-01 2025-03-31 00476593 ns10:AuditExempt-NoAccountantsReport 2024-02-01 2025-03-31 00476593 ns10:SmallCompaniesRegimeForDirectorsReport 2024-02-01 2025-03-31 00476593 ns10:SmallCompaniesRegimeForAccounts 2024-02-01 2025-03-31 00476593 ns10:FullAccounts 2024-02-01 2025-03-31 00476593 ns10:Director2 2024-02-01 2025-03-31 00476593 ns10:RegisteredOffice 2024-02-01 2025-03-31 00476593 ns5:CurrentFinancialInstruments 2025-03-31 00476593 ns5:CurrentFinancialInstruments 2024-01-31 00476593 ns5:Non-currentFinancialInstruments 2025-03-31 00476593 ns5:Non-currentFinancialInstruments 2024-01-31 00476593 ns5:ShareCapital 2025-03-31 00476593 ns5:ShareCapital 2024-01-31 00476593 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 00476593 ns5:RetainedEarningsAccumulatedLosses 2024-01-31 00476593 ns5:LeaseholdImprovements 2024-02-01 2025-03-31 00476593 ns5:PlantMachinery 2024-02-01 2025-03-31 00476593 ns5:MotorVehicles 2024-02-01 2025-03-31 00476593 ns5:LandBuildings 2024-01-31 00476593 ns5:LeaseholdImprovements 2024-01-31 00476593 ns5:PlantMachinery 2024-01-31 00476593 ns5:MotorVehicles 2024-01-31 00476593 ns5:LandBuildings 2024-02-01 2025-03-31 00476593 ns5:LandBuildings 2025-03-31 00476593 ns5:LeaseholdImprovements 2025-03-31 00476593 ns5:PlantMachinery 2025-03-31 00476593 ns5:MotorVehicles 2025-03-31 00476593 ns5:LandBuildings 2024-01-31 00476593 ns5:LeaseholdImprovements 2024-01-31 00476593 ns5:PlantMachinery 2024-01-31 00476593 ns5:MotorVehicles 2024-01-31 00476593 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 00476593 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-01-31 00476593 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2025-03-31 00476593 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2024-01-31 00476593 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-03-31 00476593 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-01-31 00476593 ns5:Non-currentFinancialInstruments ns5:MoreThanFiveYears 2025-03-31 00476593 ns5:Non-currentFinancialInstruments ns5:MoreThanFiveYears 2024-01-31 00476593 ns5:DeferredTaxation 2024-01-31 00476593 ns5:DeferredTaxation 2024-02-01 2025-03-31 00476593 ns5:DeferredTaxation 2025-03-31 00476593 ns5:RetainedEarningsAccumulatedLosses 2024-01-31 00476593 ns5:RetainedEarningsAccumulatedLosses 2024-02-01 2025-03-31

REGISTERED NUMBER: 00476593 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE PERIOD 1 FEBRUARY 2024 TO 31 MARCH 2025 |

| FOR |

| LEVITT'S (FARMERS) LIMITED |

| LEVITT'S (FARMERS) LIMITED (REGISTERED NUMBER: 00476593) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 FEBRUARY 2024 TO 31 MARCH 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| LEVITT'S (FARMERS) LIMITED |

COMPANY INFORMATION

FOR THE PERIOD 1 FEBRUARY 2024 TO 31 MARCH 2025

| DIRECTORS: | G R Levitt

| G C Levitt

| REGISTERED OFFICE: | Wrangmandale Wold

| Beverley Road

| North Newbald

| Beverley

| East Yorkshire

| YO43 4SQ

| REGISTERED NUMBER: | 00476593 (England and Wales)

| ACCOUNTANTS: | Jackson Robson Licence Limited

| 33-35 Exchange Street

| Driffield

| East Yorkshire

| YO25 6LL

| LEVITT'S (FARMERS) LIMITED (REGISTERED NUMBER: 00476593) |

BALANCE SHEET

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 983,669 |  | 887,646 |  |

CURRENT ASSETS

Stocks | 314,303 |  | 310,776 |  |

Debtors | 5 | 123,337 |  | 81,199 |  |

Cash at bank | 229,601 |  | 101,122 |  |

667,241 |  | 493,097 |  |

CREDITORS

Amounts falling due within one year | 6 | 355,918 |  | 286,509 |  |

NET CURRENT ASSETS | 311,323 |  | 206,588 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,294,992 |  | 1,094,234 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (537,694 | ) | (587,837 | ) |

PROVISIONS FOR LIABILITIES | 8 | (133,645 | ) | (109,639 | ) |

NET ASSETS | 623,653 |  | 396,758 |  |

CAPITAL AND RESERVES

Called up share capital | 200 |  | 200 |  |

Retained earnings | 9 | 623,453 |  | 396,558 |  |

SHAREHOLDERS' FUNDS | 623,653 |  | 396,758 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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.

| LEVITT'S (FARMERS) LIMITED (REGISTERED NUMBER: 00476593) |

BALANCE SHEET - continued

31 MARCH 2025

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 22 October 2025 and were signed on its behalf by:

G C Levitt - Director

| LEVITT'S (FARMERS) LIMITED (REGISTERED NUMBER: 00476593) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 FEBRUARY 2024 TO 31 MARCH 2025

1. | STATUTORY INFORMATION

| Levitt's (Farmers) 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 represents net invoiced sales of goods and services, excluding value added tax.

| Tangible fixed assets

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

| Farm buildings | - | 2% on cost

| Plant and machinery | - | 20% on reducing balance

| Motor vehicles | - | 25% on cost

| 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 period 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 period 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.

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of the obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

| LEVITT'S (FARMERS) LIMITED (REGISTERED NUMBER: 00476593) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 FEBRUARY 2024 TO 31 MARCH 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 3 (2024 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Freehold |  | Farm |  | Plant and |  | Motor |

| land |  | buildings |  | machinery |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 February 2024 | 259,336 |  | 348,149 |  | 1,251,191 |  | 1,667 |  | 1,860,343 |  |

| Additions | - |  | - |  | 253,232 |  | - |  | 253,232 |  |

| Disposals | - |  | - |  | (62,500 | ) | - |  | (62,500 | ) |

| At 31 March 2025 | 259,336 |  | 348,149 |  | 1,441,923 |  | 1,667 |  | 2,051,075 |  |

| DEPRECIATION

| At 1 February 2024 | - |  | 106,412 |  | 864,914 |  | 1,371 |  | 972,697 |  |

| Charge for period | - |  | 8,014 |  | 123,512 |  | 83 |  | 131,609 |  |

| Eliminated on disposal | - |  | - |  | (36,900 | ) | - |  | (36,900 | ) |

| At 31 March 2025 | - |  | 114,426 |  | 951,526 |  | 1,454 |  | 1,067,406 |  |

| NET BOOK VALUE

| At 31 March 2025 | 259,336 |  | 233,723 |  | 490,397 |  | 213 |  | 983,669 |  |

| At 31 January 2024 | 259,336 |  | 241,737 |  | 386,277 |  | 296 |  | 887,646 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 115,274 |  | 80,769 |  |

| VAT | 7,658 |  | - |  |

| Prepayments | 405 |  | 430 |  |

123,337 |  | 81,199 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 38,154 |  | 38,154 |  |

| Bounce back loan scheme | 12,500 |  | 24,167 |  |

| Hire purchase contracts | 75,906 |  | 53,633 |  |

| Trade creditors | 155,881 |  | 142,372 |  |

| Tax | 69,264 |  | 22,146 |  |

| VAT | - |  | 2,905 |  |

| Directors' current accounts | 40 |  | 412 |  |

| Accrued expenses | 4,173 |  | 2,720 |  |

355,918 |  | 286,509 |  |

| LEVITT'S (FARMERS) LIMITED (REGISTERED NUMBER: 00476593) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 FEBRUARY 2024 TO 31 MARCH 2025

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans - 1-2 years | 38,879 |  | 38,879 |  |

| Bank loans - 2-5 years | 121,305 |  | 121,305 |  |

| Bank loans due after more

| than 5 year by instalments | 317,933 |  | 361,185 |  |

| Hire purchase contracts | 59,577 |  | 66,468 |  |

537,694 |  | 587,837 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans due after more

| than 5 year by instalments | 317,933 |  | 361,185 |  |

317,933 |  | 361,185 |  |

8. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 133,645 |  | 109,639 |  |

| Deferred |

| tax |

£ |

| Balance at 1 February 2024 | 109,639 |  |

| Provided during period | 24,006 |  |

| Movement in the year |

| Balance at 31 March 2025 | 133,645 |  |

9. | RESERVES

| Retained

| earnings

£ |

| At 1 February 2024 | 396,558 |  |

| Profit for the period | 279,795 |  |

| Dividends | (52,900 | ) |

| At 31 March 2025 | 623,453 |  |

10. | ULTIMATE CONTROLLING PARTY

| The controlling party is G C Levitt.

| The ultimate controlling party is G C Levitt.