Company registration number 13368441 (England and Wales)
QT AGRI LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
QT AGRI LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 10
QT AGRI LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2025
30 November 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
637,880
696,089
Current assets
Stocks
494,065
400,632
Debtors
4
86,647
169,128
Cash at bank and in hand
50
50
580,762
569,810
Creditors: amounts falling due within one year
5
(586,313)
(487,151)
Net current (liabilities)/assets
(5,551)
82,659
Total assets less current liabilities
632,329
778,748
Creditors: amounts falling due after more than one year
6
(130,473)
(178,838)
Provisions for liabilities
(152,259)
(166,478)
Net assets
349,597
433,432
Capital and reserves
Called up share capital
450,100
450,100
Profit and loss reserves
(100,503)
(16,668)
Total equity
349,597
433,432
QT AGRI LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2025
30 November 2025
- 2 -

For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 2 July 2026 and are signed on its behalf by:
Mr O J Harris
Director
Company registration number 13368441 (England and Wales)
QT AGRI LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 3 -
1
Accounting policies
Company information

QT Agri Limited is a private company limited by shares incorporated in England and Wales. The registered office is Barton Farm, Trent, SHERBORNE, Dorset, UK, DT9 4SU.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

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

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Tenant's improvements
5% reducing balance
Fixed plant
10% reducing balance
Plant and machinery
10% reducing balance
Tractors
10% reducing balance
Office Equipment
10% reducing balance
Motor vehicles
10% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

QT AGRI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

QT AGRI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

QT AGRI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases
As lessee

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

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

As lessor

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.13
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

QT AGRI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 7 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
6
6
QT AGRI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 8 -
3
Tangible fixed assets
Tenant's improvements
Fixed plant
Plant and machinery
Tractors
Office Equipment
Motor vehicles
Total
£
£
£
£
£
£
£
Cost
At 1 December 2024
36,102
2,146
631,927
313,267
5,438
44,004
1,032,884
Additions
-
0
-
0
9,869
-
0
283
-
0
10,152
At 30 November 2025
36,102
2,146
641,796
313,267
5,721
44,004
1,043,036
Depreciation and impairment
At 1 December 2024
6,060
866
214,652
99,057
1,514
14,646
336,795
Depreciation charged in the year
1,502
127
41,983
21,420
394
2,935
68,361
At 30 November 2025
7,562
993
256,635
120,477
1,908
17,581
405,156
Carrying amount
At 30 November 2025
28,540
1,153
385,161
192,790
3,813
26,423
637,880
At 30 November 2024
30,042
1,280
417,275
214,210
3,924
29,358
696,089
QT AGRI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 9 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
44,318
25,246
Other debtors
42,329
143,882
86,647
169,128
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
262,079
241,663
Trade creditors
146,543
111,456
Taxation and social security
14,805
7,711
Other creditors
162,886
126,321
586,313
487,151

The hire purchase liabilities of £38,843 for y ear ending Nov ember 202 5 and £60,386 for y ear ending Nov ember 202 4 are secured on the assets to which they relate.

The Bank loan liabilities of £78,919 for y ear ending Nov ember 202 5 are secured on the assets to which they relate.

6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
124,083
134,477
Other creditors
6,390
44,361
130,473
178,838
Creditors which fall due after five years are payable as follows:
Payable by instalments
94,297
95,580

The hire purchase liabilities of £6,390 for y ear ending Nov ember 202 5 and £44,361 for y ear ending Nov ember 202 4 are secured on the assets to which they relate.

The Bank loan liabilities of £125,761 for y ear ending Nov ember 202 5 are secured on the assets to which they relate.

7
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

QT AGRI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
7
Directors' transactions
(Continued)
- 10 -
Loans
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Directors loan account
2.25
89,323
113,538
2,985
(205,846)
-
89,323
113,538
2,985
(205,846)
-
2025-11-30 2024-12-01 false false false 13 August 2026 CCH Software CCH Accounts Production 2026.200 No description of principal activity Mr O J Harris Mrs J K Harris Mr P R Harris Mrs N J Harris Mrs Harris 13368441 2024-12-01 2025-11-30 13368441 2025-11-30 13368441 2024-11-30 13368441 core:WithinOneYear 2025-11-30 13368441 core:WithinOneYear 2024-11-30 13368441 core:CurrentFinancialInstruments core:WithinOneYear 2025-11-30 13368441 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 13368441 core:Non-currentFinancialInstruments core:AfterOneYear 2025-11-30 13368441 core:Non-currentFinancialInstruments core:AfterOneYear 2024-11-30 13368441 core:Non-currentFinancialInstruments core:WithinOneYear 2025-11-30 13368441 core:Non-currentFinancialInstruments core:WithinOneYear 2024-11-30 13368441 core:ShareCapital 2025-11-30 13368441 core:ShareCapital 2024-11-30 13368441 core:RetainedEarningsAccumulatedLosses 2025-11-30 13368441 core:RetainedEarningsAccumulatedLosses 2024-11-30 13368441 bus:Director1 2024-12-01 2025-11-30 13368441 core:LandBuildings core:OwnedOrFreeholdAssets 2024-12-01 2025-11-30 13368441 core:LandBuildings core:LongLeaseholdAssets 2024-12-01 2025-11-30 13368441 core:PlantMachinery 2024-12-01 2025-11-30 13368441 core:FurnitureFittings 2024-12-01 2025-11-30 13368441 core:ComputerEquipment 2024-12-01 2025-11-30 13368441 core:MotorVehicles 2024-12-01 2025-11-30 13368441 2023-12-01 2024-11-30 13368441 core:LandBuildings core:OwnedOrFreeholdAssets 2024-11-30 13368441 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-11-30 13368441 core:PlantMachinery 2024-11-30 13368441 core:FurnitureFittings 2024-11-30 13368441 core:ComputerEquipment 2024-11-30 13368441 core:MotorVehicles 2024-11-30 13368441 2024-11-30 13368441 core:LandBuildings core:OwnedOrFreeholdAssets 2025-11-30 13368441 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-11-30 13368441 core:PlantMachinery 2025-11-30 13368441 core:FurnitureFittings 2025-11-30 13368441 core:ComputerEquipment 2025-11-30 13368441 core:MotorVehicles 2025-11-30 13368441 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-12-01 2025-11-30 13368441 core:LandBuildings core:OwnedOrFreeholdAssets 2024-11-30 13368441 core:LandBuildings 2024-11-30 13368441 core:PlantMachinery 2024-11-30 13368441 core:FurnitureFittings 2024-11-30 13368441 core:ComputerEquipment 2024-11-30 13368441 core:MotorVehicles 2024-11-30 13368441 core:CurrentFinancialInstruments 2025-11-30 13368441 core:CurrentFinancialInstruments 2024-11-30 13368441 core:Non-currentFinancialInstruments 2025-11-30 13368441 core:Non-currentFinancialInstruments 2024-11-30 13368441 bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 13368441 bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 13368441 bus:FRS102 2024-12-01 2025-11-30 13368441 bus:AuditExemptWithAccountantsReport 2024-12-01 2025-11-30 13368441 bus:Director2 2024-12-01 2025-11-30 13368441 bus:Director3 2024-12-01 2025-11-30 13368441 bus:Director4 2024-12-01 2025-11-30 13368441 bus:Director5 2024-12-01 2025-11-30 13368441 bus:FullAccounts 2024-12-01 2025-11-30 xbrli:pure xbrli:shares iso4217:GBP