REGISTERED NUMBER: 00875363

A. FORSYTH(FARMWORK)LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

6,545,475

6,520,270

CURRENT ASSETS

Stocks

368,443

448,731

Debtors

5

1,628,114

1,725,654

Cash at bank

182,047

187,558

2,178,604

2,361,943

CREDITORS

Amounts falling due within one year

6

941,982

1,201,923

NET CURRENT ASSETS

1,236,622

1,160,020

TOTAL ASSETS LESS CURRENT LIABILITIES

7,782,097

7,680,290

CREDITORS

Amounts falling due after more than one year

7

(320,757

)

(220,248

)

PROVISIONS FOR LIABILITIES

(1,061,653

)

(1,061,433

)

NET ASSETS

6,399,687

6,398,609

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

9

3,205,885

3,205,885

Retained earnings

3,193,702

3,192,624

SHAREHOLDERS' FUNDS

6,399,687

6,398,609

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by:

A E T Forsyth - Director

1.	STATUTORY INFORMATION

A. Forsyth (Farmwork) Limited is a private company limited by shares. The company is registered in England under number 00875363 and the address of the registered office is Barclays Bank Chambers, Stratford upon Avon, Warwickshire, CV37 6AH. The company's place of business is Moorlands Farm, Kineton, Warwick, CV35 0EA.

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.

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 the cost less estimated residual value of 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

-

25% on reducing balance and 15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Freehold property is shown at the most recent valuation. The revalued amount equates to the fair value at the date of revaluation, less any depreciation or impairment losses subsequently accumulated. Any revaluation increase or decrease is credited to the property revaluation reserve. Depreciation on freehold buildings has not been provided as the directors consider that the charge would be immaterial.

Stocks and work in progress

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Work in progress has been valued at the lower of estimated cost and net realisable value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a workplace pension scheme. Contributions payable to the 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 11 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST OR VALUATION

At 1 April 2024

5,700,000

3,425,029

33,858

9,158,887

Additions

-

178,235

530

178,765

Disposals

-

(105,635

)

-

(105,635

)

At 31 March 2025

5,700,000

3,497,629

34,388

9,232,017

DEPRECIATION

At 1 April 2024

-

2,605,187

33,430

2,638,617

Charge for year

-

139,152

218

139,370

Eliminated on disposal

-

(91,445

)

-

(91,445

)

At 31 March 2025

-

2,652,894

33,648

2,686,542

NET BOOK VALUE

At 31 March 2025

5,700,000

844,735

740

6,545,475

At 31 March 2024

5,700,000

819,842

428

6,520,270

Cost or valuation at 31 March 2025 is represented by:

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

Valuation in 2024

4,110,109

-

-

4,110,109

Cost

1,589,891

3,497,629

34,388

5,121,908

5,700,000

3,497,629

34,388

9,232,017

If Freehold property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

1,589,891

1,589,891

Freehold property was valued on an open market basis on 31 March 2025 by AET and Mrs S Forsyth, directors .

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

Plant and

machinery

£

COST OR VALUATION

At 1 April 2024

243,233

Additions

140,500

Transfer to ownership

(8,000

)

At 31 March 2025

375,733

DEPRECIATION

At 1 April 2024

84,810

Charge for year

72,347

Transfer to ownership

(45,297

)

At 31 March 2025

111,860

NET BOOK VALUE

At 31 March 2025

263,873

At 31 March 2024

158,423

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,581,195

1,683,684

Other debtors

46,919

41,970

1,628,114

1,725,654

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

14,300

13,500

Hire purchase contracts

64,088

57,186

Trade creditors

838,526

979,835

Taxation and social security

125

82

Other creditors

24,943

151,320

941,982

1,201,923

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

164,889

178,845

Hire purchase contracts

155,868

41,403

320,757

220,248

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

179,189

192,345

Hire purchase contracts

219,956

98,589

399,145

290,934

9.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

3,205,885