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Company Registration No. 05090216 (England and Wales)
FAIRVIEW FARM AGRICULTURAL ENGINEERING LTD Unaudited accounts for the year ended 28 February 2023
FAIRVIEW FARM AGRICULTURAL ENGINEERING LTD Unaudited accounts Contents
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FAIRVIEW FARM AGRICULTURAL ENGINEERING LTD Company Information for the year ended 28 February 2023
Directors
Ian Gregg D Cox
Company Number
05090216 (England and Wales)
Registered Office
FAIRVIEW FARM STUD MAIN ROAD RAVENSHEAD NOTTINGHAMSHIRE NG15 9GS
Accountants
Cramar Ltd Suite 8, Stapleford Business Hub 1 Toton Lane Stapleford Nottingham NG9 7JQ
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FAIRVIEW FARM AGRICULTURAL ENGINEERING LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
380,399 
415,657 
Current assets
Inventories
491,186 
375,766 
Debtors
140,642 
157,046 
Cash at bank and in hand
57,502 
66,824 
689,330 
599,636 
Creditors: amounts falling due within one year
(206,411)
(183,690)
Net current assets
482,919 
415,946 
Total assets less current liabilities
863,318 
831,603 
Creditors: amounts falling due after more than one year
(475,197)
(484,774)
Net assets
388,121 
346,829 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
388,119 
346,827 
Shareholders' funds
388,121 
346,829 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2023 and were signed on its behalf by
Ian Gregg Director Company Registration No. 05090216
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FAIRVIEW FARM AGRICULTURAL ENGINEERING LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
FAIRVIEW FARM AGRICULTURAL ENGINEERING LTD is a private company, limited by shares, registered in England and Wales, registration number 05090216. The registered office is FAIRVIEW FARM STUD, MAIN ROAD RAVENSHEAD, NOTTINGHAMSHIRE, NG15 9GS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2022
575,886 
Additions
9,762 
Disposals
(25,000)
At 28 February 2023
560,648 
Depreciation
At 1 March 2022
160,229 
Charge for the year
20,020 
At 28 February 2023
180,249 
Net book value
At 28 February 2023
380,399 
At 28 February 2022
415,657 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
140,642 
157,046 
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FAIRVIEW FARM AGRICULTURAL ENGINEERING LTD Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,648 
10,648 
VAT
12,127 
17,147 
Trade creditors
183,566 
155,200 
Accruals
70 
695 
206,411 
183,690 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
20,717 
31,365 
Obligations under finance leases and hire purchase contracts
453,943 
453,409 
Taxes and social security
537 
- 
475,197 
484,774 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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