Boyton Farms Company (Wilts) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01252979 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

BOYTON FARMS COMPANY (WILTS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C R Wheatley-Hubbard

Mrs C Wheatley-Hubbard

SECRETARY:

C R Wheatley-Hubbard

REGISTERED OFFICE:

Broadleaze

Boyton

Nr Warminster.

Wiltshire

BA12 0SS

REGISTERED NUMBER:

01252979 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

4

1,666,674

1,624,523

Investments

5

1,197

63,926

1,667,871

1,688,449

CURRENT ASSETS

Stocks

255,101

196,177

Debtors

6

217,771

127,134

Cash at bank and in hand

361,552

615,226

834,424

938,537

CREDITORS

Amounts falling due within one year

7

449,192

561,148

NET CURRENT ASSETS

385,232

377,389

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,053,103

2,065,838

CREDITORS

Amounts falling due after more than one
year

8

(53,387

)

-

PROVISIONS FOR LIABILITIES

(59,141

)

(60,993

)

NET ASSETS

1,940,575

2,004,845

CAPITAL AND RESERVES

Called up share capital

1,000

Revaluation reserve

9

-

140,756

Retained earnings

1,939,575

1,863,089

1,940,575

2,004,845

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 24th November 2025 and were signed on its behalf by:

C R Wheatley-Hubbard - Director

1.	STATUTORY INFORMATION

Boyton Farms Company (Wilts) 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 as modified by the revaluation of certain assets.

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.

Improvements to property

-

10% on reducing balance and 5% on cost

Plant and machinery

-

15% on reducing balance

Tractors and combines

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Tractors

to

Plant and

and

property

machinery

combines

£

COST

At 1st April 2024

2,411,959

1,855,669

116,750

Additions

114,845

82,989

-

Disposals

-

(21,750

)

At 31st March 2025

2,526,804

1,938,658

95,000

DEPRECIATION

At 1st April 2024

1,770,693

895,559

110,839

Charge for year

74,814

81,713

1,468

Eliminated on disposal

-

(21,711

)

At 31st March 2025

1,845,507

977,272

90,596

NET BOOK VALUE

At 31st March 2025

681,297

961,386

4,404

At 31st March 2024

641,266

960,110

5,911

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1st April 2024

73,923

2,429

4,460,730

Additions

6,995

-

204,829

Disposals

-

(21,750

)

At 31st March 2025

80,918

2,429

4,643,809

DEPRECIATION

At 1st April 2024

57,712

1,404

2,836,207

Charge for year

4,490

154

162,639

Eliminated on disposal

-

(21,711

)

At 31st March 2025

62,202

1,558

2,977,135

NET BOOK VALUE

At 31st March 2025

18,716

871

1,666,674

At 31st March 2024

16,211

1,025

1,624,523

5.	FIXED ASSET INVESTMENTS

Listed

Unlisted

investments

Totals

£

COST OR VALUATION

At 1st April 2024

62,729

1,197

63,926

Disposals

(62,729

)

-

(62,729

)

At 31st March 2025

-

1,197

NET BOOK VALUE

At 31st March 2025

-

1,197

At 31st March 2024

62,729

1,197

63,926

Cost or valuation at 31st March 2025 is represented by:

Listed

Unlisted

investments

Totals

£

Valuation in 2020

33,201

-

33,201

Valuation in 2021

64,747

-

64,747

Valuation in 2022

(73,460

)

-

(73,460

)

Valuation in 2023

(216

)

-

(216

)

Valuation in 2024

(40,764

)

-

(40,764

)

Valuation in 2025

16,492

1,197

17,689

-

1,197

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

49,482

55,611

Other debtors

168,289

71,523

217,771

127,134

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

16,912

408,259

Hire purchase contracts

32,554

-

Trade creditors

89,557

96,178

Taxation and social security

3,187

4,138

Other creditors

306,982

52,573

449,192

561,148

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Hire purchase contracts

53,387

-

9.

RESERVES

Revaluation

reserve

£

At 1st April 2024

140,756

Disposal

(140,756

)

At 31st March 2025

-