REGISTERED NUMBER: 01126218 (England and Wales)

A J GRANT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Grant

Mrs J M Grant

T A Grant

SECRETARY:

Mrs J M Grant

REGISTERED OFFICE:

Station Farm

Old Leake

Boston

Lincolnshire

PE22 9RT

REGISTERED NUMBER:

01126218 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe

Chartered Certified Accountants

The Old Vicarage

Church Close

Boston

Lincolnshire

PE21 6NA

FIXED ASSETS

Tangible assets

3

379,909

368,048

Investments

4

1

1

379,910

368,049

CURRENT ASSETS

Stocks

186,877

133,214

Debtors

5

198,764

267,216

Cash at bank and in hand

293,084

257,650

678,725

658,080

CREDITORS

Amounts falling due within one year

6

167,998

152,908

NET CURRENT ASSETS

510,727

505,172

TOTAL ASSETS LESS CURRENT LIABILITIES

890,637

873,221

PROVISIONS FOR LIABILITIES

42,148

39,894

NET ASSETS

848,489

833,327

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

838,489

823,327

SHAREHOLDERS' FUNDS

848,489

833,327

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 4 November 2025 and were signed on its behalf by:

T A Grant - Director

1.	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.

Plant & machinery

-

12.5% on reducing balance

Fixtures & Office Equipment

-

12.5% on reducing balance

Motor Vehicles

-

25% on reducing balance

Tractors

-

30% on reducing balance

Valuation

The farm valuation has been prepared by an independent valuer Brown & Co,Spalding.The basis of valuation is cost of production,and is consistent with Statement of Accounting Practice No 9 and Business Economics Note 19.

Financial instruments

Listed investments are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

3.	TANGIBLE FIXED ASSETS

Freehold

Leased

Plant &

property

Assets

machinery

£

£

£

COST

At 1 April 2024

158,080

20,862

544,811

Additions

-

-

36,210

Disposals

-

-

(1,050

)

At 31 March 2025

158,080

20,862

579,971

DEPRECIATION

At 1 April 2024

-

20,861

370,460

Charge for year

-

-

26,194

At 31 March 2025

-

20,861

396,654

NET BOOK VALUE

At 31 March 2025

158,080

1

183,317

At 31 March 2024

158,080

1

174,351

Fixtures

& Office

Motor

Equipment

Vehicles

Tractors

Totals

£

£

£

£

COST

At 1 April 2024

70,709

1,845

191,545

987,852

Additions

-

18,000

-

54,210

Disposals

-

-

-

(1,050

)

At 31 March 2025

70,709

19,845

191,545

1,041,012

DEPRECIATION

At 1 April 2024

70,255

1,845

156,383

619,804

Charge for year

57

4,500

10,548

41,299

At 31 March 2025

70,312

6,345

166,931

661,103

NET BOOK VALUE

At 31 March 2025

397

13,500

24,614

379,909

At 31 March 2024

454

-

35,162

368,048

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

Leased

Plant &

Assets

machinery

Totals

£

£

£

COST

At 1 April 2024

20,862

63,000

83,862

Additions

-

35,000

35,000

Transfer to ownership

-

(63,000

)

(63,000

)

At 31 March 2025

20,862

35,000

55,862

DEPRECIATION

At 1 April 2024

20,861

14,766

35,627

Charge for year

-

4,375

4,375

Transfer to ownership

-

(14,766

)

(14,766

)

At 31 March 2025

20,861

4,375

25,236

NET BOOK VALUE

At 31 March 2025

1

30,625

30,626

At 31 March 2024

1

48,234

48,235

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

1

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

192,949

260,593

Other debtors

5,815

6,623

198,764

267,216

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

11,552

15,700

Trade creditors

50,341

74,097

Taxation and social security

56,623

13,952

Other creditors

49,482

49,159

167,998

152,908