Company No: 09982351 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
				Restated - note 2
Fixed assets
Tangible assets	4	285,222		383,558
		285,222		383,558
Current assets
Stocks		10,000		10,000
Debtors	5	765,754		611,835
Cash at bank and in hand		45		85
		775,799		621,920
Creditors: amounts falling due within one year	6	( 897,340)		( 631,291)
Net current liabilities		(121,541)		(9,371)
Total assets less current liabilities		163,681		374,187
Creditors: amounts falling due after more than one year	7	( 18,879)		( 192,718)
Provision for liabilities		( 61,811)		( 82,663)
Net assets		82,991		98,806
Capital and reserves
Called-up share capital	8	87		87
Profit and loss account		82,904		98,719
Total shareholder's funds		82,991		98,806

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Country Haylage Ltd (registered number: 09982351) were approved and authorised for issue by the Director on 10 December 2025. They were signed on its behalf by:

Ross Lloyd Giles Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Country Haylage Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Scouts Barn Oxhouse Lane, Failand, Bristol, BS8 3SL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Prior year adjustment

Where material misstatements are found in prior year figures, then these figures are restated to show the corrected position as detailed in Note 2.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on either a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	25 years straight line
Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Office equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Prior year adjustment

The prior year accounts have been adjusted to reflect the repayment of amounts owing by a connected entity during the year and a repayment of the directors loan account. A a result other debtors and Amounts owed to director have been reduced by £83,000.

The prior year accounts have also been adjusted to reflect a number of disposals occurring in that year, where proceeds had previously been recognised in sales. The combined impact on the balance sheet is as follows:

		As previously reported		Adjustment		As restated
Year ended 31 March 2024		£		£		£
Debtors		694,835		(83,000)		611,835
Tangible assets		481,892		(98,334)		383,558
Creditors: Amounts falling due within one year		(713,866)		82,575		(631,291)
Provision for liablities		(107,247)		24,584		(82,663)
Retained Earnings		(172,893)		74,174		(98,719)

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		3

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£		£
Cost
At 01 April 2024	0		460,602		101,384		8,043		570,029
Additions	65,530		7,501		0		3,120		76,151
Disposals	0		( 67,000)		( 56,179)		0		( 123,179)
At 31 March 2025	65,530		401,103		45,205		11,163		523,001
Accumulated depreciation
At 01 April 2024	0		163,189		20,210		3,072		186,471
Charge for the financial year	1,485		70,943		9,175		1,911		83,514
Disposals	0		( 20,502)		( 11,704)		0		( 32,206)
At 31 March 2025	1,485		213,630		17,681		4,983		237,779
Net book value
At 31 March 2025	64,045		187,473		27,524		6,180		285,222
At 31 March 2024	0		297,413		81,174		4,971		383,558

5. Debtors

	2025		2024
	£		£
Trade debtors	290,063		343,915
Prepayments	0		17,907
Other debtors	475,691		250,013
	765,754		611,835

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts (secured £ 277,050)	378,228		364,595
Trade creditors	364,861		94,941
Amounts owed to director	40,850		31,640
Accruals	7,500		3,300
Taxation and social security	50,700		27,057
Obligations under finance leases and hire purchase contracts	49,077		103,414
Other creditors	6,124		6,344
	897,340		631,291

Bank loans and overdrafts are secured by a fixed and floating charge over all assets. Obligations under finance leases and hire purchase contracts are secured on the relevant assets.

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	1,775		100,621
Obligations under finance leases and hire purchase contracts	17,104		92,097
	18,879		192,718

Bank loans and overdrafts are secured by a fixed and floating charge over all assets. Obligations under finance leases and hire purchase contracts are secured on the relevant assets.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
87 Ordinary shares of £ 1.00 each	87		87

9. Related party transactions

Transactions with entities in which the entity itself has a participating interest

	2025		2024
	£		£
Amounts owed by an LLP of which this company as a designated member (as restated)	255,732		85,793

Transactions with the entity's director

	2025		2024
	£		£
Amounts owed to directors (2024 re-stated)	40,850		31,640