REGISTERED NUMBER: 05414162 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ANDREW BULLOCK AGRICULTURE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A A Bullock

Mrs K J Bullock

A N Bullock

SECRETARY:

Mrs K J Bullock

REGISTERED OFFICE:

Aston Farm House

Bourton on the Water

Cheltenham

Gloucestershire

GL54 3BZ

REGISTERED NUMBER:

05414162 (England and Wales)

ACCOUNTANTS:

Kingscott Dix (Cheltenham) Limited

7 Rockfield Business Park

Old Station Drive

Leckhampton

Cheltenham

GL53 0AN

FIXED ASSETS

Tangible assets

4

813,169

634,044

CURRENT ASSETS

Stocks

4,545

5,205

Debtors

5

349,779

338,592

Cash at bank

387,210

262,669

741,534

606,466

CREDITORS

Amounts falling due within one year

6

188,059

157,702

NET CURRENT ASSETS

553,475

448,764

TOTAL ASSETS LESS CURRENT LIABILITIES

1,366,644

1,082,808

CREDITORS

Amounts falling due after more than one year

7

(65,553

)

-

PROVISIONS FOR LIABILITIES

(203,292

)

(158,511

)

NET ASSETS

1,097,799

924,297

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,097,699

924,197

SHAREHOLDERS' FUNDS

1,097,799

924,297

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 November 2025 and were signed on its behalf by:

A A Bullock - Director

1.	STATUTORY INFORMATION

Andrew Bullock Agriculture 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Tractors and combines

-

25% on reducing balance

Motor vehicles

-

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.

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.

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 3 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Tractors

Plant and

and

Motor

Computer

machinery

combines

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

553,978

1,147,023

78,085

602

1,779,688

Additions

168,045

306,000

3,400

-

477,445

Disposals

(19,000

)

(158,103

)

(4,100

)

-

(181,203

)

At 31 March 2025

703,023

1,294,920

77,385

602

2,075,930

DEPRECIATION

At 1 April 2024

338,890

780,513

25,639

602

1,145,644

Charge for year

74,202

158,748

13,385

-

246,335

Eliminated on disposal

(6,840

)

(120,584

)

(1,794

)

-

(129,218

)

At 31 March 2025

406,252

818,677

37,230

602

1,262,761

NET BOOK VALUE

At 31 March 2025

296,771

476,243

40,155

-

813,169

At 31 March 2024

215,088

366,510

52,446

-

634,044

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

Tractors

Plant and

and

machinery

combines

Totals

£

£

£

COST

Additions

51,000

183,000

234,000

At 31 March 2025

51,000

183,000

234,000

DEPRECIATION

Charge for year

10,200

45,750

55,950

At 31 March 2025

10,200

45,750

55,950

NET BOOK VALUE

At 31 March 2025

40,800

137,250

178,050

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

344,499

337,565

Other debtors

5,280

1,027

349,779

338,592

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

38,618

-

Trade creditors

32,645

11,415

Taxation and social security

20,518

72,560

Other creditors

96,278

73,727

188,059

157,702

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

65,553

-

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.