Deere and Son Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10797478

Deere and Son Limited

Filleted Unaudited Financial Statements

For the year ended

30 March 2025

Deere and Son Limited

Financial Statements

Year ended 30 March 2025

Contents	Page

Officers and professional advisers	1

Accountant's report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

Deere and Son Limited

Officers and Professional Advisers

The board of directors	Mr D B Deere
	Miss K Deere
	Mr C P Baldwin

Registered office	44 John Street
	Porthcawl
	Wales
	CF36 3BB

Accountants	Clay Shaw Thomas Ltd

	2 Oldfield Road
	Bocam Park
	Bridgend
	CF35 5LJ

Bankers	Handelsbanken Plc
	18 Park Place
	Cardiff
	CF103DQ

Deere and Son Limited

Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements

Year ended 30 March 2025

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30 March 2025, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Clay Shaw Thomas Ltd

2 Oldfield Road Bocam Park Bridgend CF35 5LJ

24 December 2025

Deere and Son Limited

Statement of Financial Position

30 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	31,289	62,578
Tangible assets	6	40,429	48,204
		--------	---------
		71,718	110,782

Current assets

Debtors	7	84,453	71,699
Cash at bank and in hand		11,693	8,510
		--------	--------
		96,146	80,209

Creditors: amounts falling due within one year	8	509,919		447,910
		---------		---------
Net current liabilities			413,773	367,701
			---------	---------
Total assets less current liabilities			( 342,055)	( 256,919)

Creditors: amounts falling due after more than one year	9		20,028	20,028

Provisions

Taxation including deferred tax	807	2,088
	---------	---------
Net liabilities	( 362,890)	( 279,035)
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 362,990)	( 279,135)
	---------	---------
Shareholders deficit	( 362,890)	( 279,035)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Deere and Son Limited

Statement of Financial Position (continued)

30 March 2025

These financial statements were approved by the board of directors and authorised for issue on 24 December 2025 , and are signed on behalf of the board by:

Mr D B Deere

Director

Company registration number: 10797478

Deere and Son Limited

Notes to the Financial Statements

Year ended 30 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 44 John Street, Porthcawl, CF36 3BB, Wales.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors have assessed whether there are any material uncertainties that may cast significant doubt about the company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. In assessing whether the going concern assumption is appropriate, the directors have taken in to account all available information about the future.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns and discounts. The company recognises revenue when: - the amount of revenue can be reliably measured; - it is probable that future economic benefits will flow to the entity; and - specific criteria have been met for each of the company's activities. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	10% reducing balance
Motor vehicles	-	20% straight line

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2024: 9 ).

5. Intangible assets

	Goodwill
	£
Cost
At 31 March 2024 and 30 March 2025	176,446
	---------
Amortisation
At 31 March 2024	113,868
Charge for the year	31,289
	---------
At 30 March 2025	145,157
	---------
Carrying amount
At 30 March 2025	31,289
	---------
At 30 March 2024	62,578
	---------

6. Tangible assets

	Fixtures and fittings	Motor vehicles	Total
	£	£	£
Cost
At 31 March 2024 and 30 March 2025	83,009	48,004	131,013
	--------	--------	---------
Depreciation
At 31 March 2024	64,351	18,458	82,809
Charge for the year	1,866	5,909	7,775
	--------	--------	---------
At 30 March 2025	66,217	24,367	90,584
	--------	--------	---------
Carrying amount
At 30 March 2025	16,792	23,637	40,429
	--------	--------	---------
At 30 March 2024	18,658	29,546	48,204
	--------	--------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	22	9,805
Other debtors	84,431	61,894
	--------	--------
	84,453	71,699
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	18,731	14,802
Trade creditors	2,576	4,327
Amounts owed to group undertakings and undertakings in which the company has a participating interest	473,657	409,937
Social security and other taxes	12,290	15,543
Other creditors	2,665	3,301
	---------	---------
	509,919	447,910
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	20,028	20,028
	--------	--------

10. Directors' advances, credit and guarantees

Included in other debtors is an amount of £60,978 (2024: £60,978) owed from the director Mr C Baldwin.

		2025
		£
	Amount owed by director at 31 March 2024 and 31 March 2025	(60,978)

There are no fixed repayments on this loan.

11. Related party transactions

During the year the company was provided with financial support of £63,572 (2024: £102,571) by Deere Investments Limited, a company under common control. At the year end a balance of £473,657 (2024: £410,085) was owed by the company to Deere Investments Limited. The loans are interest free and carry no fixed terms of repayment.