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REGISTERED NUMBER: 04438093 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

JAMES CARNILL FARM SUPPLIES LIMITED

JAMES CARNILL FARM SUPPLIES LIMITED (REGISTERED NUMBER: 04438093)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JAMES CARNILL FARM SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







Directors: Mr J D Carnill
Mrs D Carnill





Registered office: 10 Stadium Business Court
Millennium Way
Pride Park
Derby
DE24 8HP





Registered number: 04438093 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
10 Stadium Business Court
Millennium Way
Pride Park
Derby
DE24 8HP

JAMES CARNILL FARM SUPPLIES LIMITED (REGISTERED NUMBER: 04438093)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £ £
Fixed assets
Tangible assets 4 9,105 16,044

Current assets
Debtors 5 92,435 101,570
Cash at bank 147,220 131,471
239,655 233,041
Creditors
Amounts falling due within one year 6 (119,521 ) (110,240 )
Net current assets 120,134 122,801
Total assets less current liabilities 129,239 138,845

Provisions for liabilities (1,500 ) (1,500 )
Net assets 127,739 137,345

Capital and reserves
Called up share capital 7 100 100
Retained earnings 127,639 137,245
Shareholders' funds 127,739 137,345

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors the Board of Directors and authorised for issue on 23 March 2024 and were signed on its behalf by:




Mr J D Carnill - Director


JAMES CARNILL FARM SUPPLIES LIMITED (REGISTERED NUMBER: 04438093)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

James Carnill Farm Supplies 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.

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
Equipment - 20% on cost

Fixed assets are initially recorded at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

JAMES CARNILL FARM SUPPLIES LIMITED (REGISTERED NUMBER: 04438093)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Equipment Totals
£ £ £ £ £
Cost
At 1 October 2022
and 30 September 2023 2,242 1,430 26,012 2,217 31,901
Depreciation
At 1 October 2022 2,242 1,430 10,404 1,781 15,857
Charge for year - - 6,503 436 6,939
At 30 September 2023 2,242 1,430 16,907 2,217 22,796
Net book value
At 30 September 2023 - - 9,105 - 9,105
At 30 September 2022 - - 15,608 436 16,044

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 92,106 101,331
Prepayments 329 239
92,435 101,570

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 19,553 -
Tax 12,699 9,065
VAT 4,169 7,556
Accruals and deferred income 2,420 2,420
Directors' loan accounts 80,680 91,199
119,521 110,240

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100

JAMES CARNILL FARM SUPPLIES LIMITED (REGISTERED NUMBER: 04438093)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£ £
Mr J D Carnill
Balance outstanding at start of year (91,199 ) (82,025 )
Amounts advanced 70,915 51,144
Amounts repaid (60,396 ) (60,318 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (80,680 ) (91,199 )