Roberts Farms (Glos) Limited

(Registration number: 5039280)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	280,347	276,644
Current assets
Stocks	5	1,200	1,200
Debtors	6	109,826	176,339
Cash at bank and in hand		40,336	26,111
		151,362	203,650
Creditors: Amounts falling due within one year	7	(299,641)	(297,012)
Net current liabilities		(148,279)	(93,362)
Total assets less current liabilities		132,068	183,282
Creditors: Amounts falling due after more than one year	7	(32,527)	-
Provisions for liabilities		(19,673)	(35,584)
Net assets		79,868	147,698
Capital and reserves
Called up share capital	8	100	100
Retained earnings		79,768	147,598
Shareholders' funds		79,868	147,698

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Roberts Farms (Glos) Limited

(Registration number: 5039280)
Balance Sheet as at 28 February 2025
(continued)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 November 2025
 

......................................... Mr Philip Edward Roberts Director

Roberts Farms (Glos) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	General information

The company is a private company limited by share capital, incorporated in United kingdom.

The address of its registered office is:
C/o Roberts Plant Engineers Ltd Ross Road
Huntley
Gloucester
GL19 3EX

These financial statements were authorised for issue by the director on 27 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Roberts Farms (Glos) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025
(continued)

2	Accounting policies (continued)

Tax

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantially enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantially enacted by the end of the reporting period.

Tangible assets

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives at the following rates:

Depreciation

Asset class	Depreciation method and rate
Plant and machinery	10% of cost per annum
Fixtures and fittings	20% of cost per annum

Roberts Farms (Glos) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025
(continued)

2	Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit and loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Assets obtained under hire purchase agreements and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor, are charged to profit and loss account on a straight line basis. Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Roberts Farms (Glos) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025
(continued)

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 March 2024	430,023	18,285	448,308
Additions	213,770	-	213,770
Disposals	(203,773)	-	(203,773)
At 28 February 2025	440,020	18,285	458,305
Depreciation
At 1 March 2024	161,719	10,745	172,464
Charge for the year	32,554	4,104	36,658
Eliminated on disposal	(31,164)	-	(31,164)
At 28 February 2025	163,109	14,849	177,958
Carrying amount
At 28 February 2025	276,911	3,436	280,347
At 29 February 2024	269,104	7,540	276,644

Roberts Farms (Glos) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025
(continued)

5

Stocks

	2025 £	2024 £
Other inventories	1,200	1,200

6

Debtors

	Note	2025 £	2024 £
Trade debtors		5,998	54,015
Amounts owed by group undertakings and undertakings in which the company has a participating interest	10	103,828	122,324
		109,826	176,339

Roberts Farms (Glos) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025
(continued)

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	10,906	-
Trade creditors		47	81
Taxation and social security		2,547	14,240
Accruals and deferred income		1,512	1,422
Other creditors		284,629	281,269
		299,641	297,012

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	32,527	-

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares of £1 each	100	100	100	100

Roberts Farms (Glos) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025
(continued)

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	32,527	-

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	10,906	-

10	Related party transactions

During the year the company paid management charges of £60,000 (2024: £120,000) to Roberts Plant Engineers Limited, a company under the control of Mr P E Roberts, a director and shareholder of the company. The amount owed at the end of the year was £103,028 (2024: £121,524) owed by Roberts Plant Engineers Limited.

The above transactions were in the normal course of business and were conducted on an at arms length basis.