BUDGET AGRI EQUIPMENT LTD


Director	HANSON, Edward Thomas, Mr.


Registered Address	Tidds Yard
	Chapel Lane
	Friskney
	PE22 8RX


Registered Number	12968393 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		73,033		55,586
			73,033		55,586
Current assets
Stocks	4	220,021		251,550
Debtors	5	184,423		229,259
Cash at bank and on hand		379,499		83,465
		783,943		564,274
Creditors amounts falling due within one year	6	(280,637)		(241,763)
Net current assets (liabilities)			503,306		322,511
Total assets less current liabilities			576,339		378,097
Provisions for liabilities	7		(13,876)		(10,561)
Net assets			562,463		367,536
Capital and reserves
Called up share capital			100		100
Profit and loss account			562,363		367,436
Shareholders' funds			562,463		367,536

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 21 September 2026, and are signed on its behalf by:

HANSON, Edward Thomas, Mr.
Director
Registered Company No. 12968393

BUDGET AGRI EQUIPMENT LTD

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

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

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Current 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.

Current 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.

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.

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


	Reducing balance (%)	Straight line (years)
Plant and machinery	15	-
Fixtures and fittings	15	-
Vehicles	-	25
Office Equipment	-	3

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 January 25	63,138	25,158	3,500	48	91,844
Additions	28,100	-	2,000	-	30,100
At 31 December 25	91,238	25,158	5,500	48	121,944
Depreciation and impairment
At 01 January 25	24,498	10,361	1,351	48	36,258
Charge for year	8,582	3,699	372	-	12,653
At 31 December 25	33,080	14,060	1,723	48	48,911
Net book value
At 31 December 25	58,158	11,098	3,777	-	73,033
At 31 December 24	38,640	14,797	2,149	-	55,586

4.	Stocks

	2025	2024
	£	£
Raw materials and consumables	220,021	251,550
Total	220,021	251,550

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	17,578	54,084
Other debtors	160,000	170,000
Prepayments and accrued income	6,845	5,175
Total	184,423	229,259

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	2,151	840
Taxation and social security	90,924	42,766
Other creditors	184,062	194,698
Accrued liabilities and deferred income	3,500	3,459
Total	280,637	241,763

7.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	13,876	10,561
Total	13,876	10,561

8.	Directors advances, credits and guarantees
	Included within creditors: amounts falling due within one year were loans from the director of 2025:£184,062 (2024: £194,698). The loans were interest free, with no fixed date for repayment.