REGISTERED NUMBER: 09298113 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

TAYLORS AGRICULTURE (NORTHUMBERLAND)

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C D Taylor

REGISTERED OFFICE:

East Benridge Farm

Mitford

Morpeth

Northumberland

NE61 3RZ

REGISTERED NUMBER:

09298113 (England and Wales)

ACCOUNTANTS:

Greaves Grindle

Chartered Accountants

Victoria House

Bondgate Within

Alnwick

Northumberland

NE66 1TA

FIXED ASSETS

Tangible assets

4

79,709

90,690

Investments

5

150

150

79,859

90,840

CURRENT ASSETS

Stocks

59,863

62,908

Debtors

6

81,387

163,565

Cash at bank and in hand

4,749

23,535

145,999

250,008

CREDITORS

Amounts falling due within one year

7

264,220

291,625

NET CURRENT LIABILITIES

(118,221

)

(41,617

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(38,362

)

49,223

CREDITORS

Amounts falling due after more than one year

8

(6,266

)

(31,839

)

PROVISIONS FOR LIABILITIES

(6,999

)

(8,895

)

NET (LIABILITIES)/ASSETS

(51,627

)

8,489

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(51,727

)

8,389

SHAREHOLDERS' FUNDS

(51,627

)

8,489

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 his 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 17 December 2025 and were signed by:

C D Taylor - Director

1.	STATUTORY INFORMATION

Taylors Agriculture (Northumberland) 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.

Improvements to property

-

not provided

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% 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

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.

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 4 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

42,874

23,373

90,556

4,912

161,715

Additions

-

-

-

714

714

Disposals

-

(1,875

)

(10,716

)

-

(12,591

)

At 31 March 2025

42,874

21,498

79,840

5,626

149,838

DEPRECIATION

At 1 April 2024

-

15,404

51,388

4,233

71,025

Charge for year

-

1,114

7,370

350

8,834

Eliminated on disposal

-

(1,335

)

(8,395

)

-

(9,730

)

At 31 March 2025

-

15,183

50,363

4,583

70,129

NET BOOK VALUE

At 31 March 2025

42,874

6,315

29,477

1,043

79,709

At 31 March 2024

42,874

7,969

39,168

679

90,690

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

150

NET BOOK VALUE

At 31 March 2025

150

At 31 March 2024

150

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

80,790

161,896

Other debtors

597

1,669

81,387

163,565

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

49,285

47,912

Hire purchase contracts

12,861

10,426

Trade creditors

86,871

137,244

Taxation and social security

1,301

629

Other creditors

113,902

95,414

264,220

291,625

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

561

10,988

Hire purchase contracts

5,705

20,851

6,266

31,839

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

A loan exists from the director, Mr CD Taylor. At 31 March 2025 the balance outstanding due to the director was £109,349 (2024 £90,362). This loan is interest free and has no fixed terms of repayment.