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REGISTERED NUMBER: 09157085 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

D. MARCHAM AGRICULTURAL ENGINEERING LTD

D. MARCHAM AGRICULTURAL ENGINEERING LTD (REGISTERED NUMBER: 09157085)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D. MARCHAM AGRICULTURAL ENGINEERING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: D Marcham





REGISTERED OFFICE: Victoria House
26 Queen Victoria Street
Reading
Berkshire
RG1 1TG





REGISTERED NUMBER: 09157085 (England and Wales)

D. MARCHAM AGRICULTURAL ENGINEERING LTD (REGISTERED NUMBER: 09157085)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,851 75,939

CURRENT ASSETS
Stocks 80,000 61,087
Debtors 5 16,774 12,847
Cash at bank and in hand 26,086 35,654
122,860 109,588
CREDITORS
Amounts falling due within one year 6 36,100 34,361
NET CURRENT ASSETS 86,760 75,227
TOTAL ASSETS LESS CURRENT
LIABILITIES

153,611

151,166

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 153,610 151,165
153,611 151,166

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

D. MARCHAM AGRICULTURAL ENGINEERING LTD (REGISTERED NUMBER: 09157085)

BALANCE SHEET - continued
31 AUGUST 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 August 2024 and were signed by:





D Marcham - Director


D. MARCHAM AGRICULTURAL ENGINEERING LTD (REGISTERED NUMBER: 09157085)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

D. Marcham Agricultural Engineering Ltd 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 represents net sales of goods and services, excluding value added tax, as adjusted for work in progress. Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for the services rendered to its customer.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation on tangible fixed assets is charged to the profit or loss so as to write off their value over their estimated useful lives, as below:

Plant and machinery- 10% straight line
Motor vehicles- 20% straight line
Computer equipment- 20% straight line

At each reporting date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication of impairment. Any impairment is charged to profit or loss.

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

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Short term debtors are measured at transaction price, less any impairment. Short term creditors are measured at transaction price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

D. MARCHAM AGRICULTURAL ENGINEERING LTD (REGISTERED NUMBER: 09157085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022 93,530 31,008 2,338 126,876
Additions - 7,000 - 7,000
Disposals - (1,500 ) - (1,500 )
At 31 August 2023 93,530 36,508 2,338 132,376
DEPRECIATION
At 1 September 2022 37,717 12,064 1,156 50,937
Charge for year 9,353 6,336 399 16,088
Eliminated on disposal - (1,500 ) - (1,500 )
At 31 August 2023 47,070 16,900 1,555 65,525
NET BOOK VALUE
At 31 August 2023 46,460 19,608 783 66,851
At 31 August 2022 55,813 18,944 1,182 75,939

D. MARCHAM AGRICULTURAL ENGINEERING LTD (REGISTERED NUMBER: 09157085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 20,000
DEPRECIATION
At 1 September 2022 12,000
Charge for year 2,000
At 31 August 2023 14,000
NET BOOK VALUE
At 31 August 2023 6,000
At 31 August 2022 8,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 16,774 12,847

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 18,903 21,626
Taxation and social security 11,638 11,397
Other creditors 5,559 1,338
36,100 34,361