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REGISTERED NUMBER: 06861770 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

County Farm Limited

County Farm Limited (Registered number: 06861770)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


County Farm Limited

Company Information
for the Year Ended 31 March 2024







Director: Mr. J Brown





Registered office: County Farm
West Lane
East Heslerton
Malton
North Yorkshire
YO17 8RS





Registered number: 06861770 (England and Wales)





Accountants: Ullyott Limited
6 George Street
Driffield
East Yorkshire
YO25 6RA

County Farm Limited (Registered number: 06861770)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 347,236 265,151

CURRENT ASSETS
Debtors 5 94,365 73,861
Cash at bank 350,950 553,850
445,315 627,711
CREDITORS
Amounts falling due within one year 6 26,722 112,201
NET CURRENT ASSETS 418,593 515,510
TOTAL ASSETS LESS CURRENT
LIABILITIES

765,829

780,661

CREDITORS
Amounts falling due after more than one
year

7

(10,142

)

(5,215

)

PROVISIONS FOR LIABILITIES 8 (47,838 ) (47,898 )
NET ASSETS 707,849 727,548

CAPITAL AND RESERVES
Called up share capital 9 102 102
Retained earnings 707,747 727,446
SHAREHOLDERS' FUNDS 707,849 727,548

County Farm Limited (Registered number: 06861770)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 director and authorised for issue on 30 August 2024 and were signed by:





Mr. J Brown - Director


County Farm Limited (Registered number: 06861770)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

County Farm 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33% on reducing balance and 20% on reducing balance
Motor vehicles - 25% on reducing balance

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.

County Farm Limited (Registered number: 06861770)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2023 20,700 341,138 183,923 545,761
Additions - 44,881 146,721 191,602
Disposals - (16,250 ) (7,091 ) (23,341 )
At 31 March 2024 20,700 369,769 323,553 714,022
DEPRECIATION
At 1 April 2023 - 199,471 81,139 280,610
Charge for year - 28,557 25,156 53,713
Eliminated on disposal - (5,850 ) 38,313 32,463
At 31 March 2024 - 222,178 144,608 366,786
NET BOOK VALUE
At 31 March 2024 20,700 147,591 178,945 347,236
At 31 March 2023 20,700 141,667 102,784 265,151

County Farm Limited (Registered number: 06861770)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 42,000 116,822 158,822
Additions 38,000 19,500 57,500
Disposals - 30,519 30,519
At 31 March 2024 80,000 166,841 246,841
DEPRECIATION
At 1 April 2023 17,360 30,519 47,879
Charge for year 6,828 16,989 23,817
Eliminated on disposal - 63,489 63,489
At 31 March 2024 24,188 110,997 135,185
NET BOOK VALUE
At 31 March 2024 55,812 55,844 111,656
At 31 March 2023 24,640 86,303 110,943

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 50,500 56,000
Amounts owed by associates 19,673 3,660
Corporation tax 607 -
VAT 23,585 14,201
94,365 73,861

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 17,573 14,672
Corporation tax - 64,162
Social security and other taxes 2,076 539
Other creditors 4,123 3,245
Directors' current accounts 462 27,314
Accruals and deferred income 2,488 2,269
26,722 112,201

County Farm Limited (Registered number: 06861770)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 10,142 5,215

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 47,838 47,898

Deferred
tax
£   
Balance at 1 April 2023 47,898
Provided during year (60 )
Balance at 31 March 2024 47,838

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
1 Ordinary A shares £1 1 1
1 Ordinary B shares £1 1 1
102 102