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REGISTERED NUMBER: 08025269 (England and Wales)













Financial Statements

for the Year Ended 30 April 2023

for

J J Cook Farm Machinery Limited

J J Cook Farm Machinery Limited (Registered number: 08025269)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


J J Cook Farm Machinery Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: J J Cook



REGISTERED OFFICE: Kestrel Business Park
Gonerby Lane
GRANTHAM
Lincolnshire
NG32 2DU



REGISTERED NUMBER: 08025269 (England and Wales)



ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



BANKERS: HSBC
Stonebow
221 High Street
LINCOLN
Lincolnshire
LN1 1TS

J J Cook Farm Machinery Limited (Registered number: 08025269)

Abridged Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 55,166 123,111
55,166 123,111

CURRENT ASSETS
Stocks 1,148,548 117,074
Debtors 585,164 2,580,881
Cash at bank 260,235 795,648
1,993,947 3,493,603
CREDITORS
Amounts falling due within one year 407,718 1,075,442
NET CURRENT ASSETS 1,586,229 2,418,161
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,641,395

2,541,272

PROVISIONS FOR LIABILITIES 5,667 22,637
NET ASSETS 1,635,728 2,518,635

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,635,628 2,518,535
1,635,728 2,518,635

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

J J Cook Farm Machinery Limited (Registered number: 08025269)

Abridged Balance Sheet - continued
30 April 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 February 2024 and were signed by:





J J Cook - Director


J J Cook Farm Machinery Limited (Registered number: 08025269)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

J J Cook Farm Machinery Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

J J Cook Farm Machinery Limited (Registered number: 08025269)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

J J Cook Farm Machinery Limited (Registered number: 08025269)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2022
and 30 April 2023 10,000
AMORTISATION
At 1 May 2022
and 30 April 2023 10,000
NET BOOK VALUE

At 30 April 2023 -
At 30 April 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2022 230,958
Additions 38,350
Disposals (137,399 )
At 30 April 2023 131,909
DEPRECIATION
At 1 May 2022 107,847
Charge for year 19,468
Eliminated on disposal (50,572 )
At 30 April 2023 76,743
NET BOOK VALUE
At 30 April 2023 55,166
At 30 April 2022 123,111

J J Cook Farm Machinery Limited (Registered number: 08025269)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

6. RELATED PARTY DISCLOSURES

Dale Farm Holdings Ltd

The above company own 100% of the share capital of J J Cook Farm Machinery Limited. In 2022 land was transferred to the holding company at Market Value.

Included in debtors in an amount of £329,055 (2022 - £2,038,946). This is unsecured and interest free.

JJ Cook

JJ Cook is a Director of J J Cook Farm Machinery Limited and 100% shareholder of the holding company. Included in creditors is a balance of £Nil (2022 - £97,421) owing to J J Cook. This is unsecured and interest free.