Agriculture Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09102590

Agriculture Limited

Filleted Unaudited Financial Statements

30 June 2026

Agriculture Limited

Financial Statements

Year ended 30 June 2026

Contents	Pages

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2 to 3

Notes to the financial statements	4 to 7

Agriculture Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Agriculture Limited

Year ended 30 June 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Agriculture Limited for the year ended 30 June 2026, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Agriculture Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Agriculture Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Agriculture Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Agriculture Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Agriculture Limited. You consider that Agriculture Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Agriculture Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HEBBLETHWAITES Chartered Accountants

2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

10 September 2026

Agriculture Limited

Statement of Financial Position

30 June 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	5	157,261	118,399

Current assets

Stocks		167,439	175,796
Debtors	6	37,234	60,534
Cash at bank and in hand		46,312	28,245
		---------	---------
		250,985	264,575

Creditors: amounts falling due within one year	7	118,573	129,431
		---------	---------
Net current assets		132,412	135,144
		---------	---------
Total assets less current liabilities		289,673	253,543

Creditors: amounts falling due after more than one year	8	64,892	96,421

Provisions

Taxation including deferred tax	28,792	15,930
	---------	---------
Net assets	195,989	141,192
	---------	---------

Agriculture Limited

Statement of Financial Position (continued)

30 June 2026

	2026	2025
Note	£	£

Capital and reserves

Called up share capital	10,003	10,003
Profit and loss account	185,986	131,189
	---------	---------
Shareholders funds	195,989	141,192
	---------	---------

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 income and retained earnings has not been delivered.

For the year ending 30 June 2026 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 .

These financial statements were approved by the board of directors and authorised for issue on 9 September 2026 , and are signed on behalf of the board by:

Mr T J Atkinson

Director

Company registration number: 09102590

Agriculture Limited

Notes to the Financial Statements

Year ended 30 June 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Deer Park Annex, Long Causeway, Great Thirkleby, Thirsk, YO7 2AS.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of management, there are no areas of judgement or key sources of estimation uncertainty that have a significant effect on the financial statements, other than those highlighted below.

Revenue recognition

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

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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:

	Plant and machinery	-	Various - 20% SL and 20% RB

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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 6 (2025: 5 ).

5. Tangible assets

	Plant and machinery	Total
	£	£
Cost
At 1 July 2025	208,098	208,098
Additions	71,304	71,304
Disposals	( 22,500)	( 22,500)
	---------	---------
At 30 June 2026	256,902	256,902
	---------	---------
Depreciation
At 1 July 2025	89,699	89,699
Charge for the year	28,431	28,431
Disposals	( 18,489)	( 18,489)
	---------	---------
At 30 June 2026	99,641	99,641
	---------	---------
Carrying amount
At 30 June 2026	157,261	157,261
	---------	---------
At 30 June 2025	118,399	118,399
	---------	---------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Plant and machinery
	£
At 30 June 2026	38,000
	--------
At 30 June 2025	16,800
	--------

6. Debtors

	2026	2025
	£	£
Trade debtors	14,042	27,538
Other debtors	23,192	32,996
	--------	--------
	37,234	60,534
	--------	--------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	7,915	34,169
Social security and other taxes	9,683	10,854
Other creditors	100,975	84,408
	---------	---------
	118,573	129,431
	---------	---------

Included within other creditors are loans and other financing arrangements amounting to £34,262 (2025: £24,985) which are secured against the assets of the company.

8. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Other creditors	64,892	96,421
	--------	--------

Included within other creditors are loans and other financing arrangements amounting to £45,815 (2025: £66,027) which are secured against the assets of the company.

9. Related party transactions

Included within creditors at the year end date are loan amounts owed by Agriculture Limited to a related company, in the sum of £28,841 (2025: £39,290). The companies are connected by virtue of a common director. The loan is subject to formal repayment terms, with interest being charged at a commercial rate. Included within creditors at the year end date are loan amounts owed by Agriculture Limited to a related company, in the sum of £26,233 (2025: £Nil). The companies are connected by virtue of a common director, and both companies are under common control. The loan is not subject to any formal repayment terms and neither is any interest chargeable.