REGISTERED NUMBER: 08926342 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Goodall's Agriculture Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Ms S Goodall

REGISTERED OFFICE:

Blue Barn Farm

Capel Hall Lane

Trimley St Martin

Suffolk

IP11 0RB

REGISTERED NUMBER:

08926342 (England and Wales)

ACCOUNTANTS:

Emsdens Limited - Chartered Certified Accountants

Ladbrook Close

Elmsett

Ipswich

Suffolk

IP7 6LD

FIXED ASSETS

Tangible assets

4

167,270

118,717

CURRENT ASSETS

Stocks

70,960

70,960

Debtors

5

3,674

3,128

Cash at bank

1,040

576

75,674

74,664

CREDITORS

Amounts falling due within one year

6

280,299

250,538

NET CURRENT LIABILITIES

(204,625

)

(175,874

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(37,355

)

(57,157

)

CREDITORS

Amounts falling due after more than one year

7

54,163

10,817

NET LIABILITIES

(91,518

)

(67,974

)

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

(91,520

)

(67,976

)

SHAREHOLDERS' FUNDS

(91,518

)

(67,974

)

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 director acknowledges her 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 10 December 2025 and were signed by:

Ms S Goodall - Director

1.	STATUTORY INFORMATION

Goodall's 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 etc

-

20% 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

190,468

Additions

58,254

Disposals

(22,963

)

At 31 March 2025

225,759

DEPRECIATION

At 1 April 2024

71,751

Charge for year

9,701

Eliminated on disposal

(22,963

)

At 31 March 2025

58,489

NET BOOK VALUE

At 31 March 2025

167,270

At 31 March 2024

118,717

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

Plant and

machinery

etc

£

COST

At 1 April 2024

43,499

Additions

58,254

At 31 March 2025

101,753

DEPRECIATION

At 1 April 2024

13,050

Charge for year

9,701

At 31 March 2025

22,751

NET BOOK VALUE

At 31 March 2025

79,002

At 31 March 2024

30,449

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

3,291

2,649

Other debtors

383

479

3,674

3,128

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

4,267

8,100

Hire purchase contracts

15,144

8,322

Trade creditors

249,646

226,740

Taxation and social security

156

-

Other creditors

11,086

7,376

280,299

250,538

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

54,163

10,817

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

2

Ordinary

£1

2

2

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Ms S Goodall.

The ultimate controlling party is Ms S Goodall.