Studford Agtech Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12756664

Studford Agtech Ltd

Filleted Unaudited Financial Statements

For the year ended

31 July 2025

Studford Agtech Ltd

Financial Statements

Year ended 31 July 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Studford Agtech Ltd

Statement of Financial Position

31 July 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Intangible assets	5	785,157	624,471
Tangible assets	6	891	1,481
		----------	----------
		786,048	625,952

Current assets

Debtors	7	8,219	17,275
Cash at bank and in hand		7,046	9,032
		--------	--------
		15,265	26,307

Creditors: amounts falling due within one year	8	344,234		220,580
		----------		----------
Net current liabilities			328,969		194,273
			----------		----------
Total assets less current liabilities			457,079		431,679
			----------		----------
Net assets			457,079		431,679
			----------		----------

Capital and reserves

Called up share capital	109	109
Share premium account	531,331	531,331
Profit and loss account	( 74,361)	( 99,761)
	----------	----------
Shareholders funds	457,079	431,679
	----------	----------

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 comprehensive income has not been delivered.

For the year ending 31 July 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 .

Studford Agtech Ltd

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 27 April 2026 , and are signed on behalf of the board by:

Mr W H Dunn

Director

Company registration number: 12756664

Studford Agtech Ltd

Notes to the Financial Statements

Year ended 31 July 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 Studford Farm, Sproxton, York, YO62 5EL, England.

2. Statement of compliance

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

3. Accounting policies

(a) 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.

(b) Going concern

The UK economy has recently been impacted by rising inflation, interest rates and energy costs. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.

(c) Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. 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.

(d) Intangible assets

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

(e) 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:

	App development costs	-	over 10 years

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.

(f) Research and development

Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

(g) Tangible assets

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

(h) 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:

	Equipment	-	over 5 years

(i) Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

(j) 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.

(k) 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 4 (2024: 4 ).

5. Intangible assets

	App developm'nt
	£
Cost
At 1 August 2024	724,460
Additions	243,075
	----------
At 31 July 2025	967,535
	----------
Amortisation
At 1 August 2024	99,989
Charge for the year	82,389
	----------
At 31 July 2025	182,378
	----------
Carrying amount
At 31 July 2025	785,157
	----------
At 31 July 2024	624,471
	----------

6. Tangible assets

	Equipment
	£
Cost
At 1 August 2024 and 31 July 2025	2,949
	-------
Depreciation
At 1 August 2024	1,468
Charge for the year	590
	-------
At 31 July 2025	2,058
	-------
Carrying amount
At 31 July 2025	891
	-------
At 31 July 2024	1,481
	-------

7. Debtors

	2025	2024
	£	£
Trade debtors	1,568	1,559
Prepayments and accrued income	6,651	6,651
Other debtors	–	9,065
	-------	--------
	8,219	17,275
	-------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	52,613	173,920
Accruals and deferred income	246,455	3,265
Social security and other taxes	10,671	–
Director loan accounts	13,495	22,395
Other creditors	21,000	21,000
	----------	----------
	344,234	220,580
	----------	----------

9. Related party transactions

During the period a director has made available a loan to the company. As at 31 July 2025 the balance on the loan account was £ 13,495 (2024: £22,395) . No interest was charged on the loan in the period and the balance is repayable on demand.