REGISTERED NUMBER: 07645692 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Folkingham Agriservices Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G J F Atkinson

Mrs C L Atkinson

H E Fountaine

REGISTERED OFFICE:

High Park Farm

Kirkby Underwood Road

Aslackby

Sleaford

NG34 0HP

REGISTERED NUMBER:

07645692 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

Northgate House

Northgate

Sleaford

Lincolnshire

NG34 7BZ

FIXED ASSETS

Tangible assets

4

1,142,541

810,467

CURRENT ASSETS

Stocks

16,500

21,700

Debtors

5

1,168,126

685,216

Cash at bank

279,395

262,570

1,464,021

969,486

CREDITORS

Amounts falling due within one year

6

302,991

254,982

NET CURRENT ASSETS

1,161,030

714,504

TOTAL ASSETS LESS CURRENT LIABILITIES

2,303,571

1,524,971

CREDITORS

Amounts falling due after more than one year

7

(192,525

)

(54,039

)

PROVISIONS FOR LIABILITIES

(278,593

)

(195,124

)

NET ASSETS

1,832,453

1,275,808

CAPITAL AND RESERVES

Called up share capital

8

90

90

Capital redemption reserve

10

10

Retained earnings

1,832,353

1,275,708

SHAREHOLDERS' FUNDS

1,832,453

1,275,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 September 2026 and were signed on its behalf by:

Mrs C L Atkinson - Director

G J F Atkinson - Director

1.	STATUTORY INFORMATION

Folkingham Agriservices Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

Motor

machinery

equipment

vehicles

Totals

£

£

£

£

COST

At 1 April 2025

1,561,740

755

7,000

1,569,495

Additions

572,900

-

-

572,900

Disposals

(103,293

)

-

-

(103,293

)

At 31 March 2026

2,031,347

755

7,000

2,039,102

DEPRECIATION

At 1 April 2025

752,709

565

5,754

759,028

Charge for year

187,169

63

312

187,544

Eliminated on disposal

(50,011

)

-

-

(50,011

)

At 31 March 2026

889,867

628

6,066

896,561

NET BOOK VALUE

At 31 March 2026

1,141,480

127

934

1,142,541

At 31 March 2025

809,031

190

1,246

810,467

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

43,089

39,335

Other debtors

1,125,037

645,881

1,168,126

685,216

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

126,815

108,133

Trade creditors

61,002

51,510

Taxation and social security

107,192

87,449

Other creditors

7,982

7,890

302,991

254,982

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

192,525

54,039

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

90

Ordinary A shares

1

90

90

10

Ordinary B shares

1

-

-

90

90