REGISTERED NUMBER: 07549506 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

AK HOSIE & SONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A K Hosie

Mrs J Hosie

A T Hosie

Mrs M Farrell

REGISTERED OFFICE:

Sandhills Farm

Holwell

Sherborne

Dorset

DT9 5LE

REGISTERED NUMBER:

07549506 (England and Wales)

ACCOUNTANTS:

Andrews and Palmer

Chartered Accountants

Market Square House

Station Road

Sturminster Newton

Dorset

DT10 1FG

FIXED ASSETS

Tangible assets

4

9,337,129

8,630,179

CURRENT ASSETS

Stocks

1,186,532

1,158,602

Debtors

5

510,162

447,856

Cash at bank

288,328

320,009

1,985,022

1,926,467

CREDITORS

Amounts falling due within one year

6

1,288,983

1,117,605

NET CURRENT ASSETS

696,039

808,862

TOTAL ASSETS LESS CURRENT LIABILITIES

10,033,168

9,439,041

CREDITORS

Amounts falling due after more than one year

7

(5,505,373

)

(5,623,636

)

PROVISIONS FOR LIABILITIES

(706,077

)

(638,035

)

NET ASSETS

3,821,718

3,177,370

CAPITAL AND RESERVES

Called up share capital

3,200

3,200

Retained earnings

3,818,518

3,174,170

3,821,718

3,177,370

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by:

A K Hosie - Director

1.	STATUTORY INFORMATION

AK Hosie & Sons Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

Depreciated to 2032

Plant and machinery etc

-

at variable rates 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

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 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 18 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

land and

Plant and

Motor

buildings

Entitlements

machinery

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

6,245,549

26,010

3,172,864

132,623

9,577,046

Additions

462,747

-

689,672

11,000

1,163,419

Disposals

-

-

(110,650

)

(10,900

)

(121,550

)

At 31 March 2025

6,708,296

26,010

3,751,886

132,723

10,618,915

DEPRECIATION

At 1 April 2024

171,860

-

718,629

56,378

946,867

Charge for year

27,963

-

348,901

19,917

396,781

Eliminated on disposal

-

-

(58,537

)

(3,325

)

(61,862

)

At 31 March 2025

199,823

-

1,008,993

72,970

1,281,786

NET BOOK VALUE

At 31 March 2025

6,508,473

26,010

2,742,893

59,753

9,337,129

At 31 March 2024

6,073,689

26,010

2,454,235

76,245

8,630,179

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

Plant and

machinery

£

COST

At 1 April 2024

1,322,387

Additions

337,005

Transfer to ownership

(291,500

)

At 31 March 2025

1,367,892

DEPRECIATION

At 1 April 2024

79,323

Charge for year

131,568

Transfer to ownership

(27,111

)

At 31 March 2025

183,780

NET BOOK VALUE

At 31 March 2025

1,184,112

At 31 March 2024

1,243,064

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

293,478

286,250

Other debtors

216,684

161,606

510,162

447,856

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

244,294

243,199

Hire purchase contracts

294,538

250,670

Trade creditors

412,639

474,291

Taxation and social security

176,774

27,375

Other creditors

160,738

122,070

1,288,983

1,117,605

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

5,249,071

5,292,621

Hire purchase contracts

256,302

331,015

5,505,373

5,623,636

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

4,232,577

4,268,814

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

5,493,365

5,535,820

Hire purchase contracts

550,840

581,685

6,044,205

6,117,505

The bank loans and overdrafts are secured by a fixed and floating charge over the company assets and property.

Hire Purchase agreements are secured on the assets concerned.

9.	OTHER FINANCIAL COMMITMENTS

The company has provided a Guarantee to Lloyds Bank plc for up to £170,000 to mature in 2030 relating to a Director.

The company rents various parcels of agricultural land and has the following future lease commitments within one year £58,083 (2024: £60,713)

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

In accordance with Section 197 of the Companies Act 2006, the company has provided a Guarantee for Mrs J Hosie to Lloyds Bank plc for up to £170,000 to mature in 2030.