REGISTERED NUMBER: 11198222 (England and Wales)

Unaudited Financial Statements

for the Period 1 March 2023 to 26 February 2024

for

J.A. Noyce Agricultural Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J A Noyce

Mr B A Noyce

REGISTERED OFFICE:

Solent House

107a Alma Road

Southampton

Hampshire

SO14 6UY

REGISTERED NUMBER:

11198222 (England and Wales)

ACCOUNTANTS:

Thomas Croft Limited

Accountants And Taxation Consultants

Solent House

107a Alma Road

Portswood

Southampton

Hampshire

SO14 6UY

FIXED ASSETS

Tangible assets

4

50,781

67,711

CURRENT ASSETS

Stocks

-

16,178

Debtors

5

95,725

97,774

Cash at bank

1,264

68

96,989

114,020

CREDITORS

Amounts falling due within one year

6

58,213

49,574

NET CURRENT ASSETS

38,776

64,446

TOTAL ASSETS LESS CURRENT LIABILITIES

89,557

132,157

CREDITORS

Amounts falling due after more than one year

7

135,796

142,679

NET LIABILITIES

(46,239

)

(10,522

)

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

(46,241

)

(10,524

)

SHAREHOLDERS' FUNDS

(46,239

)

(10,522

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 26 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 26 February 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 28 October 2025 and were signed on its behalf by:

Mr J A Noyce - Director

1.	STATUTORY INFORMATION

J.A. Noyce Agricultural Ltd 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

-

25% on reducing balance

Computer equipment

-

33% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 March 2023

and 26 February 2024

105,416

689

106,105

DEPRECIATION

At 1 March 2023

37,709

685

38,394

Charge for period

16,926

4

16,930

At 26 February 2024

54,635

689

55,324

NET BOOK VALUE

At 26 February 2024

50,781

-

50,781

At 28 February 2023

67,707

4

67,711

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

26.2.24

28.2.23

£

£

Trade debtors

4,013

10,987

Directors' current accounts

68,772

65,089

Sch 455 tax charge

22,940

21,698

95,725

97,774

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

26.2.24

28.2.23

£

£

Corporation tax

19,933

21,698

VAT

12,068

10,693

Directors' current accounts

24,952

15,923

Accrued expenses

1,260

1,260

58,213

49,574

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

26.2.24

28.2.23

£

£

Bank loans - 2-5 years

18,251

22,634

Hire purchase contracts

117,545

120,045

135,796

142,679

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

26.2.24

28.2.23

value:

£

£

200

Ordinary

£0.01

2

2

9.

RESERVES

Retained

earnings

£

At 1 March 2023

(10,524

)

Deficit for the period

(35,717

)

At 26 February 2024

(46,241

)

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 26 February 2024 and the year ended 28 February 2023:

26.2.24

28.2.23

£

£

Mr J A Noyce

Balance outstanding at start of period

65,088

21,580

Amounts advanced

27,145

56,902

Amounts repaid

(23,464

)

(13,394

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

68,769

65,088

Mr B A Noyce

Balance outstanding at start of period

(15,923

)

(8,382

)

Amounts repaid

(9,028

)

(7,541

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(24,951

)

(15,923

)

11.	RELATED PARTY DISCLOSURES

The company was under the control of Mr J A Noyce throughout the current and previous period. Mr J A Noyce is the managing director and majority shareholder.

No transactions with related parties were undertaken such as are required to be disclosed under Section 1a (Small entities) for Financial Reporting Standard 102.