Annakin Farms Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03383182 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

ANNAKIN FARMS LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

DIRECTORS:

M W Annakin

D W Annakin

J R Annakin

Mrs M A Annakin

SECRETARY:

M W Annakin

REGISTERED OFFICE:

Top Farm

Stainfield

Lincoln

Lincolnshire

LN8 5JL

REGISTERED NUMBER:

03383182 (England and Wales)

ACCOUNTANT:

R P Ellis

Chartered Accountant

414 Newark Road

Lincoln

Lincolnshire

LN6 8RX

FIXED ASSETS

Tangible assets

4

3,626,401

3,630,422

CURRENT ASSETS

Stocks

146,394

9,200

Debtors

5

1,986,668

2,080,784

Cash at bank

1,576,171

557,273

3,709,233

2,647,257

CREDITORS

Amounts falling due within one year

6

1,875,788

1,407,112

NET CURRENT ASSETS

1,833,445

1,240,145

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,459,846

4,870,567

CREDITORS

Amounts falling due after more than one
year

7

(1,399,964

)

(1,623,648

)

PROVISIONS FOR LIABILITIES

(314,418

)

(327,153

)

NET ASSETS

3,745,464

2,919,766

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

3,745,364

2,919,666

SHAREHOLDERS' FUNDS

3,745,464

2,919,766

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

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

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 21 October 2025 and were signed on its behalf by:

M W Annakin - Director

1.	STATUTORY INFORMATION

Annakin Farms 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.

TANGIBLE FIXED ASSETS

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

Plant and machinery etc

-

25% on cost, 20% on cost and at varying rates 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 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.

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 11 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2024

2,426,361

5,531,583

7,957,944

Additions

-

570,249

At 31 March 2025

2,426,361

6,101,832

8,528,193

DEPRECIATION

At 1 April 2024

783,210

3,544,312

4,327,522

Charge for year

73,877

500,393

574,270

At 31 March 2025

857,087

4,044,705

4,901,792

NET BOOK VALUE

At 31 March 2025

1,569,274

2,057,127

3,626,401

At 31 March 2024

1,643,151

1,987,271

3,630,422

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

1,828,619

2,036,606

Other debtors

158,049

44,178

1,986,668

2,080,784

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

382,877

423,015

Trade creditors

1,173,732

959,139

Taxation and social security

263,587

-

Other creditors

55,592

24,958

1,875,788

1,407,112

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans

1,399,964

1,623,648

Amounts falling due in more than five years:

Repayable by instalments

AMC bank loan

340,111

529,746

HSBC loan

-

5,375

340,111

535,121

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Bank loans

1,782,841

2,046,663

9.	CAPITAL COMMITMENTS

31.3.25

31.3.24

£

Contracted but not provided for in the

financial statements

70,000