TFP Agricultural Services Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08237300 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2025

FOR

TFP AGRICULTURAL SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T F Parfitt

REGISTERED OFFICE:

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

REGISTERED NUMBER:

08237300 (England and Wales)

ACCOUNTANTS:

Stephenson Nuttall & Co

Chartered Accountants

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

FIXED ASSETS

Tangible assets

4

136,733

123,184

CURRENT ASSETS

Stocks

5,000

Debtors

5

3,587

10,290

Cash at bank

5,515

464

14,102

15,754

CREDITORS

Amounts falling due within one year

6

266,250

240,456

NET CURRENT LIABILITIES

(252,148

)

(224,702

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(115,415

)

(101,518

)

CREDITORS

Amounts falling due after more than one year

7

61,408

33,915

NET LIABILITIES

(176,823

)

(135,433

)

CAPITAL AND RESERVES

Called up share capital

9

1

Retained earnings

(176,824

)

(135,434

)

SHAREHOLDERS' FUNDS

(176,823

)

(135,433

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26th October 2026 and were signed by:

T F Parfitt - Director

1.	STATUTORY INFORMATION

TFP Agricultural Services 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Tools & equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Tools &

Motor

Computer

equipment

vehicles

equipment

Totals

£

COST

At 1st November 2024

83,008

106,980

426

190,414

Additions

-

89,500

-

89,500

Disposals

-

(74,000

)

-

(74,000

)

At 31st October 2025

83,008

122,480

426

205,914

DEPRECIATION

At 1st November 2024

28,298

38,790

142

67,230

Charge for year

8,207

22,555

95

30,857

Eliminated on disposal

-

(28,906

)

-

(28,906

)

At 31st October 2025

36,505

32,439

237

69,181

NET BOOK VALUE

At 31st October 2025

46,503

90,041

189

136,733

At 31st October 2024

54,710

68,190

284

123,184

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st November 2024

74,000

Additions

89,500

Disposals

(74,000

)

At 31st October 2025

89,500

DEPRECIATION

At 1st November 2024

28,906

Charge for year

16,781

Eliminated on disposal

(28,906

)

At 31st October 2025

16,781

NET BOOK VALUE

At 31st October 2025

72,719

At 31st October 2024

45,094

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/25

31/10/24

£

Trade debtors

3,090

474

VAT

307

9,648

Prepayments

190

168

3,587

10,290

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/25

31/10/24

£

Bank loans and overdrafts

1,199

1,183

Hire purchase contracts

13,941

9,925

Trade creditors

2,136

2,417

Social security and other taxes

80

-

Directors' current accounts

247,044

225,326

Accrued expenses

1,850

1,605

266,250

240,456

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/10/25

31/10/24

£

Bank loans - 1-2 years

1,229

1,213

Bank loans - 2-5 years

4,415

5,052

Hire purchase contracts

55,764

27,650

61,408

33,915

8.	SECURED DEBTS

The following secured debts are included within creditors:

31/10/25

31/10/24

£

Hire purchase contracts

69,705

37,575

The amounts due under hire purchases are secured on the assets to which they relate.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/10/25

31/10/24

value:

£

1

Ordinary

£1

1

10.	ULTIMATE CONTROLLING PARTY

Mr T F Parfitt owns 100% of the issued share capital.