| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2025 |
| for |
| Seymour Smith and Sons Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2025 |
| for |
| Seymour Smith and Sons Limited |
| Seymour Smith and Sons Limited (Registered number: 01147200) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Seymour Smith and Sons Limited |
| Company Information |
| for the Year Ended 31 March 2025 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| 1 Ripple Court |
| Brockeridge Park |
| Tewkesbury |
| Gloucestershire |
| GL20 6FG |
| Seymour Smith and Sons Limited (Registered number: 01147200) |
| Balance Sheet |
| 31 March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Investments | 8 |
| Prepayments and accrued income |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| ACCRUALS AND DEFERRED INCOME | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Revaluation reserve | 12 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Seymour Smith and Sons Limited (Registered number: 01147200) |
| Balance Sheet - continued |
| 31 March 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Seymour Smith and Sons Limited (Registered number: 01147200) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| Seymour Smith and Sons Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the value of goods sold during the period net of VAT. Turnover is recognised when goods are physically delivered to the customer. |
| Tangible fixed assets |
| Tangible 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. |
| Freehold Property | Nil |
| Computer Equipment | 25% On Cost |
| Tractors and Machinery | 25% On Reducing Balance |
| Fixtures and Fittings | 10% On Reducing Balance |
| Motor Vehicles | 25% On Reducing Balance |
| Other Farm Machinery | 20% On Reducing Balance |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Taxation |
| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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. |
| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset. |
| Seymour Smith and Sons Limited (Registered number: 01147200) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Tractors |
| Freehold | Computer | and |
| property | equipment | machinery |
| £ | £ | £ |
| Cost or valuation |
| At 1 April 2024 |
| Additions |
| At 31 March 2025 |
| Depreciation |
| At 1 April 2024 |
| Charge for year |
| At 31 March 2025 |
| Net book value |
| At 31 March 2025 |
| At 31 March 2024 |
| Fixtures | Other |
| and | Motor | farm |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| Cost or valuation |
| At 1 April 2024 |
| Additions |
| At 31 March 2025 |
| Depreciation |
| At 1 April 2024 |
| Charge for year |
| At 31 March 2025 |
| Net book value |
| At 31 March 2025 |
| At 31 March 2024 |
| Seymour Smith and Sons Limited (Registered number: 01147200) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Cost or valuation at 31 March 2025 is represented by: |
| Tractors |
| Freehold | Computer | and |
| property | equipment | machinery |
| £ | £ | £ |
| Valuation in 2006 | 1,487,466 | - | - |
| Valuation in 2012 | 763,640 | - | - |
| Valuation in 2015 | 305,360 | - | - |
| Cost | 531,134 | 795 | 158,346 |
| 3,087,600 | 795 | 158,346 |
| Fixtures | Other |
| and | Motor | farm |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| Valuation in 2006 | - | - | - | 1,487,466 |
| Valuation in 2012 | - | - | - | 763,640 |
| Valuation in 2015 | - | - | - | 305,360 |
| Cost | 24,542 | 52,066 | 511,206 | 1,278,089 |
| 24,542 | 52,066 | 511,206 | 3,834,555 |
| If freehold land and buildings had not been revalued they would have been included at the following historical cost: |
| 2025 | 2024 |
| £ | £ |
| Cost | 531,134 | 530,534 |
| Aggregate depreciation | 92,872 | 92,872 |
| Freehold land and buildings were valued on an open market basis on 31 March 2025 by the directors. . |
| Lloyds Bank Plc hold a charge fixed charge on all land and property. |
| 5. | FIXED ASSET INVESTMENTS |
| Listed | Unlisted |
| investments | investments | Totals |
| £ | £ | £ |
| Cost or valuation |
| At 1 April 2024 | 19,657 |
| Revaluations | 1,066 |
| At 31 March 2025 | 20,723 |
| Net book value |
| At 31 March 2025 | 20,723 |
| At 31 March 2024 | 19,657 |
| Seymour Smith and Sons Limited (Registered number: 01147200) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 5. | FIXED ASSET INVESTMENTS - continued |
| Cost or valuation at 31 March 2025 is represented by: |
| Listed | Unlisted |
| investments | investments | Totals |
| £ | £ | £ |
| Valuation in 2020 | 31,910 | - | 31,910 |
| Valuation in 2021 | 17,210 | - | 17,210 |
| Valuation in 2022 | (21,928 | ) | - | (21,928 | ) |
| Valuation in 2023 | 560 | - | 560 |
| Valuation in 2024 | (11,944 | ) | - | (11,944 | ) |
| Valuation in 2025 | 1,066 | - | 1,066 |
| Cost | 3,201 | 648 | 3,849 |
| 20,075 | 648 | 20,723 |
| 6. | STOCKS |
| 2025 | 2024 |
| £ | £ |
| Stocks |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| VAT |
| 8. | CURRENT ASSET INVESTMENTS |
| 2025 | 2024 |
| £ | £ |
| Dairy herd cost |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| Directors' current accounts | 374,794 | 389,796 |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank overdraft |
| Seymour Smith and Sons Limited (Registered number: 01147200) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary | 1 | 1,000 | 1,000 |
| 12. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 April 2024 |
| and 31 March 2025 |
| 13. | RELATED PARTY DISCLOSURES |
| Included within other creditors is a loan of £374,793.37 from the Directors to the company (2024 - £389,795.28). This is split as follows: |
| Mr D A Smith - £187,852.11 (2024 - £195,031.97) |
| Mr J S Smith - £186,941.86 (2024 - £194,763.31) |
| No interest has been charged on these loans which are unsecured and repayable on demand. |