Registration number: 00985553

Agrifactors (Southern) Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 9

Agrifactors (Southern) Limited

Company Information

Director

Mr CI Davis

Company secretary

Mrs EJ Davis

Registered office

8 High Street Heathfield East Sussex England TN21 8LS

Accountants

Manningtons 8 High Street Heathfield East Sussex TN21 8LS

Agrifactors (Southern) Limited

(Registration number: 00985553)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	1,897	1,897
Tangible assets	5	666,569	685,668
		668,466	687,565
Current assets
Stocks	6	111,390	125,034
Debtors	7	84,792	79,801
Cash at bank and in hand		89,865	88,867
		286,047	293,702
Creditors: Amounts falling due within one year	8	(271,670)	(280,943)
Net current assets		14,377	12,759
Total assets less current liabilities		682,843	700,324
Creditors: Amounts falling due after more than one year	8	(32,890)	(59,676)
Net assets		649,953	640,648
Capital and reserves
Called up share capital		100	100
Retained earnings		649,853	640,548
Shareholders' funds		649,953	640,648

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 March 2026
 

......................................... Mr CI Davis Director

Agrifactors (Southern) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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:
8 High Street
Heathfield
East Sussex
TN21 8LS
England

2	Accounting policies

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

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
Land and Building	10 years straight line
Plant and Machinery	20% reducing balance

Agrifactors (Southern) Limited

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

Fixtures, fittings and equipment	3 year straight line
Motor Vehicles	25% reducing balance

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Trade Marks	Not amortised

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.

Trade 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

Borrowings

Agrifactors (Southern) Limited

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

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

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 11 (2024 - 12).

Agrifactors (Southern) Limited

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

4	Intangible assets

	Trademarks, patents and licenses  £	Total £
Cost or valuation
At 1 January 2025	1,897	1,897
At 31 December 2025	1,897	1,897
Amortisation
Carrying amount
At 31 December 2025	1,897	1,897
At 31 December 2024	1,897	1,897

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £
Cost or valuation
At 1 January 2025	27,865	22,755	147,416	1,564,232
Additions	-	3,447	70,250	119,366
Disposals	-	-	(29,000)	(89,701)
At 31 December 2025	27,865	26,202	188,666	1,593,897
Depreciation
At 1 January 2025	27,865	21,928	117,712	909,095
Charge for the year	-	1,562	23,270	148,582
Eliminated on disposal	-	-	(22,119)	(57,834)
At 31 December 2025	27,865	23,490	118,863	999,843
Carrying amount
At 31 December 2025	-	2,712	69,803	594,054
At 31 December 2024	-	827	29,704	655,137

Agrifactors (Southern) Limited

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

	Total £
Cost or valuation
At 1 January 2025	1,762,268
Additions	193,063
Disposals	(118,701)
At 31 December 2025	1,836,630
Depreciation
At 1 January 2025	1,076,600
Charge for the year	173,414
Eliminated on disposal	(79,953)
At 31 December 2025	1,170,061
Carrying amount
At 31 December 2025	666,569
At 31 December 2024	685,668

Agrifactors (Southern) Limited

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

Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of freehold land and buildings.
 

6

Stocks

	2025 £	2024 £
Other inventories	111,390	125,034

7

Debtors

	2025 £	2024 £
Trade debtors	52,063	48,046
Prepayments	19,713	17,539
Other debtors	13,016	14,216
	84,792	79,801

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Bank loans and overdrafts	9	72,864	75,317
Trade creditors		32,122	34,163
Taxation and social security		21,436	15,604
Accruals and deferred income		1,800	1,800
Other creditors		926	-
Director loan account		142,522	154,059
		271,670	280,943

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	32,890	59,676

Agrifactors (Southern) Limited

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

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	1,297
Hire purchase contracts	32,890	58,379
	32,890	59,676

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	1,852	5,000
Hire purchase contracts	71,012	70,317
	72,864	75,317

Bank borrowings

Lloyds Bank Plc is denominated in £ with a nominal interest rate of 2.5%, and the final instalment is due on 30 June 2026. The carrying amount at year end is £1,852 (2024 - £6,296).