REGISTERED NUMBER: 12110945 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

R T Price Agricultural Contractors Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Price

REGISTERED OFFICE:

c/o ABC Accounting Services

1 Willoughton Place

Wharton Close

Gainsborough

Lincolnshire

DN21 1EB

REGISTERED NUMBER:

12110945 (England and Wales)

ACCOUNTANTS:

ABC Accounting Services

1 Willoughton Place

Wharton Close

Gainsborough

Lincolnshire

DN21 1EB

FIXED ASSETS

Tangible assets

4

576,612

480,508

CURRENT ASSETS

Debtors

5

45,329

67,004

Cash at bank

231,874

263,851

277,203

330,855

CREDITORS

Amounts falling due within one year

6

116,264

258,033

NET CURRENT ASSETS

160,939

72,822

TOTAL ASSETS LESS CURRENT LIABILITIES

737,551

553,330

CREDITORS

Amounts falling due after more than one year

7

(213,862

)

(228,057

)

PROVISIONS FOR LIABILITIES

(101,823

)

(58,839

)

NET ASSETS

421,866

266,434

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

421,766

266,334

421,866

266,434

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 4 December 2025 and were signed by:

R Price - Director

1.	STATUTORY INFORMATION

R T Price Agricultural Contractors 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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

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 these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 August 2024

669,226

1,150

670,376

Additions

237,650

20,000

257,650

Disposals

(131,750

)

-

(131,750

)

At 31 July 2025

775,126

21,150

796,276

DEPRECIATION

At 1 August 2024

189,580

288

189,868

Charge for year

98,993

5,215

104,208

Eliminated on disposal

(74,412

)

-

(74,412

)

At 31 July 2025

214,161

5,503

219,664

NET BOOK VALUE

At 31 July 2025

560,965

15,647

576,612

At 31 July 2024

479,646

862

480,508

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 August 2024

500,200

Additions

177,750

Disposals

(131,750

)

Transfer to ownership

(18,450

)

At 31 July 2025

527,750

DEPRECIATION

At 1 August 2024

129,680

Charge for year

71,288

Eliminated on disposal

(74,412

)

Transfer to ownership

(2,768

)

At 31 July 2025

123,788

NET BOOK VALUE

At 31 July 2025

403,962

At 31 July 2024

370,520

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

36,542

6,305

Other debtors

8,787

-

VAT

-

60,699

45,329

67,004

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Other loans

3,000

3,000

Hire purchase contracts

100,779

171,595

Trade creditors

1,280

82,617

Tax

56

-

VAT

10,393

-

Directors' current accounts

155

222

Accrued expenses

601

599

116,264

258,033

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Hire purchase contracts

213,862

228,057

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £19,500 (2024 - £17,500) were paid to the director .

9.	ULTIMATE CONTROLLING PARTY

The controlling party is R Price.