THOMAS SHERRIFF AND COMPANY LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Greaves West & Ayre

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Having considered the results of the company, including possible downside scenarios impacting revenues, expenses and financial resilience, and the current liquidity and net assets of the company, the directors are satisfied that it is a reasonable assumption that the company should have sufficient resources to meet its working capital requirements for at least the next 12 months from the date of approval of these financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. THOMAS SHERRIFF AND COMPANY LIMITED · parent
   1. Sherriff (Farmsight) Limited 100%

Significant events

• “Market conditions in the year have proven some of the most challenging ever to date with the second half of 2024 showing a decline in customers desire to purchase and upgrade machinery.”
• “Turnover for the year has decreased by 11.3% (£6.4m) to £50m, gross profit also decreased by 0.1% from 13.5% to 13.4%. A £0.8m loss was recorded in the current year versus a pre-tax profit of £1.4m in the prior year with net margins of -1.6% and 2.53% respectively.”
• “The loss is due to increased levels of interest-bearing borrowing and missing targets for additional incentive income from John Deere.”
• “Headcount has further increased this year to 139 and given the number of staff employed we executed our strategy to create an in-house HR department. The role of HR Advisor was filled in August 2024 with an internal hire.”
• “The business works hard to maintain a strong working relationship with all our suppliers, especially in these challenging periods, whilst continuing to deliver expert customer service. We were delighted to be awarded Trimax's 'Dealer of the Year' for 2024.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

7

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -11.3%

  £56,359,013 → £49,973,299

• Cash

  +68.8%

  £4,266 → £7,202

• Net assets

  -5.9%

  £10,758,004 → £10,124,743

• Employees

  +5.3%

  132 → 139

• Operating profit

  -98.8%

  £1,682,613 → £19,971

• Profit before tax

  -156.7%

  £1,424,412 → -£807,352

• Wages

  +1%

  £5,450,235 → £5,507,123

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers