Clutton Hill Agricultural Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01756784 (England and Wales)

Clutton Hill Agricultural Services Ltd

Unaudited Financial Statements for the Year Ended 31st July 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

I W Appleyard

S Pocklington

SECRETARIES:

S A Wilkinson

Clutton Hill Agricultural Services Ltd

REGISTERED OFFICE:

Clutton Hill Estate

Clutton

Bristol

BS39 5QQ

REGISTERED NUMBER:

01756784 (England and Wales)

ACCOUNTANTS:

Draycott & Kirk LLP

Chartered Accountants

Cleveland House

92 Westgate

Guisborough

Cleveland

TS14 6AP

FIXED ASSETS

Tangible assets

4

1,648,042

1,653,936

CURRENT ASSETS

Debtors

5

37,206

36,708

Cash at bank

59,098

17,442

96,304

54,150

CREDITORS

Amounts falling due within one year

6

368,683

409,159

NET CURRENT LIABILITIES

(272,379

)

(355,009

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,375,663

1,298,927

CREDITORS

Amounts falling due after more than one year

7

157,903

211,215

NET ASSETS

1,217,760

1,087,712

CAPITAL AND RESERVES

Called up share capital

250,000

250,000

Revaluation reserve

8

103,993

103,993

Retained earnings

863,767

733,719

1,217,760

1,087,712

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2021 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 23rd March 2022 and were signed on its behalf by:

S Pocklington - Director

1.	STATUTORY INFORMATION

Clutton Hill 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.

Plant and machinery etc

-

in accordance with the property

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st August 2020

and 31st July 2021

1,583,213

117,875

1,701,088

DEPRECIATION

At 1st August 2020

-

47,152

47,152

Charge for year

-

5,894

5,894

At 31st July 2021

-

53,046

53,046

NET BOOK VALUE

At 31st July 2021

1,583,213

64,829

1,648,042

At 31st July 2020

1,583,213

70,723

1,653,936

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

Plant and

machinery

etc

£

COST

At 1st August 2020

and 31st July 2021

117,875

DEPRECIATION

At 1st August 2020

47,152

Charge for year

5,894

At 31st July 2021

53,046

NET BOOK VALUE

At 31st July 2021

64,829

At 31st July 2020

70,723

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

29,526

30,198

Other debtors

7,680

6,510

37,206

36,708

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

53,311

51,264

Trade creditors

10,000

2,192

Taxation and social security

36,764

39,659

Other creditors

268,608

316,044

368,683

409,159

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

157,903

211,215

8.

RESERVES

Revaluation

reserve

£

At 1st August 2020

and 31st July 2021

103,993

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st July 2021 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Draycott & Kirk LLP

Chartered Accountants

Cleveland House

92 Westgate

Guisborough

Cleveland

TS14 6AP

23rd March 2022