Cole Agri-Trading Ltd - Accounts to registrar (filleted)

Cole Agri-Trading Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

2,118,962

2,196,207

CURRENT ASSETS

Stocks

54,310

55,255

Debtors

5

874,162

1,020,112

Cash at bank

4,258

6,346

932,730

1,081,713

CREDITORS

Amounts falling due within one year

6

479,767

665,633

NET CURRENT ASSETS

452,963

416,080

TOTAL ASSETS LESS CURRENT LIABILITIES

2,571,925

2,612,287

CREDITORS

Amounts falling due after more than one year

7

2,536,429

2,523,364

NET ASSETS

35,496

88,923

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

35,396

88,823

35,496

88,923

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 Statement of Income and Retained Earnings 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:

Mr SM Cole Esq - Director

1.	STATUTORY INFORMATION

Cole Agri-Trading Ltd 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:

11840195

Registered office:

The Cricket Barn

Nomansland

Tiverton

United Kingdom

EX16 8NP

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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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

-

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.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Where investments in non-convertible preference shares an non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets are measured are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 7 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

COST

At 1 April 2024

1,259,386

1,195,649

2,455,035

Additions

-

71,685

At 31 March 2025

1,259,386

1,267,334

2,526,720

DEPRECIATION

At 1 April 2024

-

258,828

Charge for year

-

148,930

At 31 March 2025

-

407,758

NET BOOK VALUE

At 31 March 2025

1,259,386

859,576

2,118,962

At 31 March 2024

1,259,386

936,821

2,196,207

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

508,868

789,262

Other debtors

365,294

230,850

874,162

1,020,112

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Hire purchase contracts

24,334

Trade creditors

445,029

580,171

Other creditors

10,404

61,128

479,767

665,633

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Hire purchase contracts

56,777

81,111

Amounts owed to participating interests

60,987

Other creditors

2,418,665

2,381,266

2,536,429

2,523,364

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

Mr SM Cole Esq

Balance outstanding at start of year

-

Amounts advanced

27,161

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

27,161

-

Mrs MA Cole

Balance outstanding at start of year

-

Amounts advanced

17,585

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

17,585

-

Mr GA Cole

Balance outstanding at start of year

-

Amounts advanced

20,806

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

20,806

-

Mr ER Cole

Balance outstanding at start of year

-

Amounts advanced

19,712

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

19,712

-

Mr JR Cole

Balance outstanding at start of year

-

Amounts advanced

10,828

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

10,828

-

The loans to the directors are repayable on demand, unsecured and chargeable to a commercial rate of interest.

The loans were repaid in full within nine months of the period end.