REGISTERED NUMBER: 01323677 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

J. SHILLITTO (FORAGE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P J Shillitto

REGISTERED OFFICE:

Chaworth Farm

Salmon Lane

Annesley Woodhouse

Kirkby in Ashfield

Nottinghamshire

NG17 9HB

REGISTERED NUMBER:

01323677 (England and Wales)

ACCOUNTANTS:

Anderson & Co

18 Diamond Avenue

Kirkby in Ashfield

Nottinghamshire

NG17 7GR

FIXED ASSETS

Tangible assets

4

160,350

135,600

CURRENT ASSETS

Stocks

4,250

4,742

Debtors

5

26,824

26,273

Cash at bank and in hand

100,225

100,983

131,299

131,998

CREDITORS

Amounts falling due within one year

6

125,907

120,748

NET CURRENT ASSETS

5,392

11,250

TOTAL ASSETS LESS CURRENT LIABILITIES

165,742

146,850

CREDITORS

Amounts falling due after more than one year

7

-

(15,969

)

PROVISIONS FOR LIABILITIES

(19,831

)

(4,871

)

NET ASSETS

145,911

126,010

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

144,911

125,010

SHAREHOLDERS' FUNDS

145,911

126,010

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 31 December 2025 and were signed by:

P J Shillitto - Director

1.	STATUTORY INFORMATION

J. Shillitto (Forage) 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.

Land and buildings

-

10% on reducing balance

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and 15% 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.

Hire purchase and leasing commitments

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 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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Machinery

Office &

Workshop

tractors

Motor

computer

& barn

& equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

6,328

208,322

89,830

8,165

312,645

Additions

-

36,150

-

-

36,150

At 31 March 2025

6,328

244,472

89,830

8,165

348,795

DEPRECIATION

At 1 April 2024

5,578

84,322

79,830

7,315

177,045

Charge for year

50

9,150

2,000

200

11,400

At 31 March 2025

5,628

93,472

81,830

7,515

188,445

NET BOOK VALUE

At 31 March 2025

700

151,000

8,000

650

160,350

At 31 March 2024

750

124,000

10,000

850

135,600

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade Debtors

24,172

24,570

Prepayments & accrued income

2,652

1,703

26,824

26,273

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

-

603

Other loans

8,250

8,250

Trade Creditors

11,419

17,866

Social security and other taxes

4,189

-

Value added tax

6,454

11,773

Directors' current accounts

79,866

54,404

Accrued Expenses

15,729

27,852

125,907

120,748

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other loans - 2-5 years

-

15,969

8.	ULTIMATE CONTROLLING PARTY

The controlling party is P J Shillitto.

The ultimate controlling party is P J Shillitto.