D & S Agricultural Engineers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Laburnum
Sussex Lane
Reading
Berks
RG7 1BY

These financial statements were authorised for issue by the director on 15 December 2025.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

After reviewing the accounts, the director is confident that the company will be able to pay its debts as they fall due and accordingly has prepared the financial statements on a going concern basis.

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Revenue is shown net of rebates and discounts.

The company recognises revenue from the provision of services in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
a) the amount of revenue can be reliably measured;
b) it is probable that future economic benefit will flow to the company;
c) the stage of completion of the contract at the end of the reporting period can be reliably measured; and
d) the costs incurred and the costs to complete the contract can be reliably measured.
 

D & S Agricultural Engineers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Finance income

Finance income is recognised as earned, over the period which the finance arrangement relates to, when:
It is probable that the economic benefits associated with the transaction will flow
to the entity; and
the amount of the revenue can be measured reliably.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Assets under construction are stated in the balance sheet at cost. These assets are not depreciated until they are available for use and are reviewed for impairment at each reporting date.

The cost of assets under construction includes directly attributable costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction, over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Property improvements	25% reducing balance
Freehold property	Nil
Motor vehicles	25% reducing balance
Plant and machinery	15-25% reducing balance

D & S Agricultural Engineers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

A dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

D & S Agricultural Engineers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year was 3 (2024 - 3).

D & S Agricultural Engineers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4	Tangible assets

	Property improvements £	Freehold property £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 November 2024	7,109	40,809	475	138,150	186,543
Additions	2,255	-	-	-	2,255
At 31 October 2025	9,364	40,809	475	138,150	188,798
Depreciation
At 1 November 2024	5,611	-	411	90,497	96,519
Charge for the year	938	-	16	11,914	12,868
At 31 October 2025	6,549	-	427	102,411	109,387
Carrying amount
At 31 October 2025	2,815	40,809	48	35,739	79,411
At 31 October 2024	1,498	40,809	64	47,653	90,024

5

Stocks

	2025 £	2024 £
Finished goods	3,250	3,000

6

Debtors

	2025 £	2024 £
Trade debtors	83,464	64,105
Other debtors	34,450	300
Prepayments	2,914	3,771
	120,828	68,176

D & S Agricultural Engineers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

7

Creditors

Due within one year		2025 £	2024 £
Trade creditors		7,642	8,820
Amounts due to related parties	8	-	97,947
Social security and other taxes		58,618	49,199
Other creditors		-	200
Accruals		4,800	4,565
		71,060	160,731

8	Related party transactions

Summary of transactions with key management