Company Registration No. 03460396 (England and Wales)
C & M Farm Machinery Ltd.
Unaudited accounts
for the year ended 31 January 2024
C & M Farm Machinery Ltd.
Unaudited accounts
Contents
C & M Farm Machinery Ltd.
Company Information
for the year ended 31 January 2024
Secretary
Penelope Carrell
Company Number
03460396 (England and Wales)
Registered Office
8 Harbourside
Havant
Hampshire
PO9 1TJ
England
Accountants
Mallard Accounting Ltd
21 The Mallards
Havant
Hampshire
PO9 1SS
C & M Farm Machinery Ltd.
Statement of financial position
as at 31 January 2024
Tangible assets
200,692
200,943
Cash at bank and in hand
128,773
123,910
Creditors: amounts falling due within one year
(5,133)
(5,325)
Net current assets
124,738
119,623
Total assets less current liabilities
325,434
320,570
Provisions for liabilities
Net assets
325,303
320,391
Called up share capital
240,000
240,000
Revaluation reserve
25,929
25,929
Profit and loss account
59,374
54,462
Shareholders' funds
325,303
320,391
For the year ending 31 January 2024 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 director acknowledges his 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 and authorised for issue on 4 March 2024 and were signed on its behalf by
Peter Carrell
Director
Company Registration No. 03460396
C & M Farm Machinery Ltd.
Notes to the Accounts
for the year ended 31 January 2024
C & M Farm Machinery Ltd. is a private company, limited by shares, registered in England and Wales, registration number 03460396. The registered office is 8 Harbourside, Havant, Hampshire, PO9 1TJ, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Investment property is included at market fair value. If the investment property had not been revalued it would have been included at historical cost as at 311st January 2024 of £174,071.
The investment property was valued on an open market basis on 31 January 2024 by the director.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
C & M Farm Machinery Ltd.
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2023
200,000
1,006
201,006
At 31 January 2024
200,000
1,006
201,006
At 1 February 2023
-
63
63
Charge for the year
-
251
251
At 31 January 2024
-
314
314
At 31 January 2024
200,000
692
200,692
At 31 January 2023
200,000
943
200,943
5
Investments
Other investments
Valuation at 1 February 2023
4
Valuation at 31 January 2024
4
Amounts falling due within one year
Accrued income and prepayments
1,098
1,038
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
4,015
3,645
Loans from directors
12
12
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).