REGISTERED NUMBER: 14993732 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

J & D Agriculture Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

262,237

337,080

Biological assets

5

189,879

162,170

452,116

499,250

CURRENT ASSETS

Stocks

6

176,456

136,853

Debtors

7

96,532

102,284

Prepayments and accrued income

111,685

57,207

Cash at bank

129,142

39,621

513,815

335,965

CREDITORS

Amounts falling due within one year

8

399,619

567,304

NET CURRENT ASSETS/(LIABILITIES)

114,196

(231,339

)

TOTAL ASSETS LESS CURRENT LIABILITIES

566,312

267,911

CREDITORS

Amounts falling due after more than one year

9

(14,550

)

(27,919

)

PROVISIONS FOR LIABILITIES

(65,559

)

(84,270

)

ACCRUALS AND DEFERRED INCOME

(262,045

)

(66,049

)

NET ASSETS

224,158

89,673

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

224,058

89,573

224,158

89,673

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 22 December 2025 and were signed on its behalf by:

Mr J P Derham - Director

Mrs D Derham - Director

1.	STATUTORY INFORMATION

J & D Agriculture Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

14993732

Registered office:

Oake House

Silver Street

West Buckland

Wellington

Somerset

TA21 9LR

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.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value. Home grown produce has been valued in accordance with H M Revenue & Customs guidance HS232.

Financial instruments

Classification

The company holds the following financial instruments:

Short term debtors and creditors;

Cash and bank balances; and

Unlisted investments.

All financial instruments are classified as basic.

Recognition and measurement

The company has elected to apply the provisions FRS102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transition costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

393,637

Additions

12,570

At 31 March 2025

406,207

DEPRECIATION

At 1 April 2024

56,557

Charge for year

87,413

At 31 March 2025

143,970

NET BOOK VALUE

At 31 March 2025

262,237

At 31 March 2024

337,080

5.	BIOLOGICAL ASSETS

Biological

assets

£

COST

At 1 April 2024

128,068

Additions

68,320

Disposals

(41,435

)

At 31 March 2025

154,953

DEPRECIATION

At 1 April 2024

(34,102

)

Charge for year

(18,038

)

Eliminated on disposal

17,214

At 31 March 2025

(34,926

)

NET BOOK VALUE

At 31 March 2025

189,879

At 31 March 2024

162,170

6.

STOCKS

2025

2024

as restated

£

£

Stocks

176,456

136,853

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade debtors

86,245

89,245

Other debtors

10,287

13,039

96,532

102,284

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Hire purchase contracts

15,333

16,611

Trade creditors

62,088

48,236

Tax

53,082

58,504

Other creditors

269,116

443,953

399,619

567,304

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

as restated

£

£

Hire purchase contracts

12,778

25,556

Other creditors

1,772

2,363

14,550

27,919

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

as restated

£

£

Hire purchase contracts

28,111

42,167

Hire purchase agreements are secured against the assets to which they relate.