Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01No description of principal activityfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false22true 00429488 2023-04-01 2024-03-31 00429488 2022-04-01 2023-03-31 00429488 2024-03-31 00429488 2023-03-31 00429488 c:Director1 2023-04-01 2024-03-31 00429488 c:Director3 2023-04-01 2024-03-31 00429488 d:Buildings 2023-04-01 2024-03-31 00429488 d:OtherPropertyPlantEquipment 2024-03-31 00429488 d:OtherPropertyPlantEquipment 2023-03-31 00429488 d:CurrentFinancialInstruments 2024-03-31 00429488 d:CurrentFinancialInstruments 2023-03-31 00429488 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00429488 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00429488 d:ShareCapital 2024-03-31 00429488 d:ShareCapital 2023-03-31 00429488 d:RetainedEarningsAccumulatedLosses 2024-03-31 00429488 d:RetainedEarningsAccumulatedLosses 2023-03-31 00429488 c:FRS102 2023-04-01 2024-03-31 00429488 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00429488 c:FullAccounts 2023-04-01 2024-03-31 00429488 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 
00429488













MECHANISED FARMING EQUIPMENT LIMITED


UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
MECHANISED FARMING EQUIPMENT LIMITED
REGISTERED NUMBER:00429488

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
111,525
111,525

  
111,525
111,525

Current assets
  

Debtors: amounts falling due within one year
 5 
240,681
252,245

Cash at bank and in hand
  
6,571
1,776

  
247,252
254,021

Creditors: amounts falling due within one year
 6 
(6,630)
(5,991)

Net current assets
  
 
 
240,622
 
 
248,030

Total assets less current liabilities
  
352,147
359,555

  

Net assets
  
352,147
359,555


Capital and reserves
  

Called up share capital 
  
131,900
131,900

Profit and loss account
  
220,247
227,655

  
352,147
359,555


Page 1

 
MECHANISED FARMING EQUIPMENT LIMITED
REGISTERED NUMBER:00429488
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
E H C Brun
................................................
F G C Brun
Director
Director


Date: 29 July 2024

Page 2

 
MECHANISED FARMING EQUIPMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Mechanised Farming Equipment Limited is a private company limited by shares incorporated in England and Wales, registration number 00429488. The company's registered office is The Estate Office, Fring Estate, King's Lynn, PE31 6SF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Commercial woodland
-
Nil

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
MECHANISED FARMING EQUIPMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
MECHANISED FARMING EQUIPMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Commercial woodland

£



Cost or valuation


At 1 April 2023
111,525



At 31 March 2024

111,525






Net book value



At 31 March 2024
111,525



At 31 March 2023
111,525

Page 5

 
MECHANISED FARMING EQUIPMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
31,071
41,934

Other debtors
209,322
210,051

Prepayments and accrued income
288
260

240,681
252,245



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
736
312

Other creditors
4,744
4,744

Accruals and deferred income
1,150
935

6,630
5,991



7.


Related party transactions

The company has taken advantage of the exemption under section 33.1A, allowing wholly owned group members to depart from the requirements to disclose transactions with other group companies.

Page 6