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Company Registration number: 08159804

Colin Smith Agricultural Contracting Ltd

Annual Report and
Unaudited Financial Statements


for the Year Ended 31 March 2024

 

Colin Smith Agricultural Contracting Ltd

Contents

Pages

Balance sheet

1 to 4

Notes to the financial statements

2

 

Colin Smith Agricultural Contracting Ltd

Balance Sheet as at 31 March 2024

2024
£

2023
£

         

Fixed assets

 

525,319

 

503,923

Current assets

265,614

 

283,310

 

Creditors: Amounts falling due within one year

(73,844)

 

(108,098)

 

Net current assets

 

191,770

 

175,212

Total assets less current liabilities

 

717,089

 

679,135

Creditors: Amounts falling due after more than one year

 

(43,826)

 

(15,880)

   

673,263

 

663,255

Capital and reserves

 

673,263

 

663,255

 

Colin Smith Agricultural Contracting Ltd

Balance Sheet as at 31 March 2024 (continued)

Notes to the financial statements for the Year Ended 31 March 2024

1

GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Low Farm
Threapland
Aspatria
Wigton
CA7 2EJ

These financial statements were authorised for issue by the Board on 30 July 2024.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

3

RELATED PARTY TRANSACTIONS

Transactions with directors

2024

At 1 April 2023
£

Repayments by director
£

At 31 March 2024
£

Mrs J Smith

Directors loan account

1,011

(1,011)

-

Mr C Smith

Directors loan account

1,011

(1,011)

-

 

Colin Smith Agricultural Contracting Ltd

Balance Sheet as at 31 March 2024 (continued)

Notes to the financial statements for the Year Ended 31 March 2024 (continued)

3

RELATED PARTY TRANSACTIONS (continued)

2023

At 1 April 2022
£

Repayments by director
£

At 31 March 2023
£

Mrs J Smith

Directors loan account

15,739

(14,728)

1,011

Mr C Smith

Directors loan account

15,739

(14,728)

1,011

 

Colin Smith Agricultural Contracting Ltd

Balance Sheet as at 31 March 2024 (continued)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 July 2024 and signed on its behalf by:
 

.........................................
Mr C Smith
Director

Company registration number: 08159804