Company Registration No. 08675379 (England and Wales)
ROB MORGAN AGRI CONTRACTORS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 SEPTEMBER 2023
PAGES FOR FILING WITH REGISTRAR
ROB MORGAN AGRI CONTRACTORS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
ROB MORGAN AGRI CONTRACTORS LIMITED
BALANCE SHEET
AS AT
29 SEPTEMBER 2023
29 September 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
1,000
Tangible assets
4
3,585
4,762
Current assets
Debtors
5
60,613
58,805
Cash at bank and in hand
1,013
13,046
61,626
71,851
Creditors: amounts falling due within one year
6
(68,590)
(60,177)
Net current (liabilities)/assets
(6,964)
11,674
Total assets less current liabilities
(3,379)
17,436
Creditors: amounts falling due after more than one year
7
(15,763)
(17,293)
Net (liabilities)/assets
(19,142)
143
Capital and reserves
Called up share capital
8
1
1
Profit and loss reserves
(19,143)
142
Total equity
(19,142)
143

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Period ended 29 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 23 August 2024
Mr R J Morgan
Director
Company Registration No. 08675379
ROB MORGAN AGRI CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 SEPTEMBER 2023
- 2 -
1
Accounting policies
Company information

Rob Morgan Agri Contractors Limited is a private company limited by shares incorporated in England and Wales. The registered office is Chestnut Cottage, Peplow, Market Drayton, Shropshire, TF9 3JU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Reporting period

The following financial statements represent the trading period from 1 October 2022 to 29 September 2023.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% per annum on written down value
Fixtures, fittings & equipment
20% per annum on written down value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Leases
ROB MORGAN AGRI CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 SEPTEMBER 2023
1
Accounting policies
(Continued)
- 3 -

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2023
2022
Number
Number
Total
1
1
3
Intangible fixed assets
Goodwill
£
Cost
At 1 October 2022 and 29 September 2023
10,000
Amortisation and impairment
At 1 October 2022
9,000
Amortisation charged for the Period
1,000
At 29 September 2023
10,000
Carrying amount
At 29 September 2023
-
0
At 30 September 2022
1,000
ROB MORGAN AGRI CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 SEPTEMBER 2023
- 4 -
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Total
£
£
£
Cost
At 1 October 2022 and 29 September 2023
29,328
691
30,019
Depreciation and impairment
At 1 October 2022
24,849
408
25,257
Depreciation charged in the Period
1,120
57
1,177
At 29 September 2023
25,969
465
26,434
Carrying amount
At 29 September 2023
3,359
226
3,585
At 30 September 2022
4,479
283
4,762
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
20,028
24,353
Corporation tax recoverable
2,732
-
0
Other debtors
7,853
4,452
Prepayments and accrued income
30,000
30,000
60,613
58,805
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
5,480
8,611
Trade creditors
19,554
10,317
Corporation tax
17,108
16,128
Other taxation and social security
24,770
23,498
Accruals and deferred income
1,678
1,623
68,590
60,177
7
Creditors: amounts falling due after more than one year
2023
2022
Notes
£
£
Bank loans and overdrafts
15,763
17,293
ROB MORGAN AGRI CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 SEPTEMBER 2023
- 5 -
8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
1
1
1
1
ROB MORGAN AGRI CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 SEPTEMBER 2023
- 6 -
9
Directors' transactions

Dividends totalling £0 (2022 - £12,000) were paid in the Period in respect of shares held by the company's directors.

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