REGISTERED NUMBER: 08449622 (England and Wales)

A G SLY & SONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

G Sly

Dr C R Jephcott

REGISTERED OFFICE:

Manor Farm

Scott Willoughby

Sleaford

Lincolnshire

NG34 0DX

REGISTERED NUMBER:

08449622 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

14 London Road

Newark

Nottinghamshire

NG24 1TW

FIXED ASSETS

Property, plant and equipment

4

1,147,272

1,148,743

Investments

5

387,529

-

1,534,801

1,148,743

CURRENT ASSETS

Inventories

242,234

233,460

Debtors

6

54,417

7,879

Cash at bank

650,979

863,226

947,630

1,104,565

CREDITORS

Amounts falling due within one year

7

302,811

260,064

NET CURRENT ASSETS

644,819

844,501

TOTAL ASSETS LESS CURRENT LIABILITIES

2,179,620

1,993,244

PROVISIONS FOR LIABILITIES

9,938

1,469

NET ASSETS

2,169,682

1,991,775

CAPITAL AND RESERVES

Called up share capital

8

1

1

Fair value reserve

9

26,513

-

Retained earnings

2,143,168

1,991,774

SHAREHOLDERS' FUNDS

2,169,682

1,991,775

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 11 December 2025 and were signed on its behalf by:

G Sly - Director

1.	STATUTORY INFORMATION

A G Sly & Sons 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.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebate, value added tax and other sales taxes.

Property, plant and equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

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.

Inventories

Inventories are valued at the lower of cost and fair value less costs to complete and sell, 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.

Basic payment

The basic payment is recognised in the financial statements in accordance with current H. M. Revenue & Customs guidance.

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Interest and dividends receivable

Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

1,142,867

32,801

1,175,668

DEPRECIATION

At 1 April 2024

-

26,925

26,925

Charge for year

-

1,471

1,471

At 31 March 2025

-

28,396

28,396

NET BOOK VALUE

At 31 March 2025

1,142,867

4,405

1,147,272

At 31 March 2024

1,142,867

5,876

1,148,743

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

Additions

352,179

Revaluations

35,350

At 31 March 2025

387,529

NET BOOK VALUE

At 31 March 2025

387,529

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2025

35,350

Cost

352,179

387,529

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

48,158

-

Other debtors

6,259

7,879

54,417

7,879

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

77,118

26,785

Taxation and social security

49,395

53,791

Other creditors

176,298

179,488

302,811

260,064

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

9.

RESERVES

Fair

value

reserve

£

Revaluation in year

35,351

Deferred tax on revaluation

(8,838

)

At 31 March 2025

26,513