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REGISTERED NUMBER: 09278294 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

A & M Evans Farms Co Limited

A & M Evans Farms Co Limited (Registered number: 09278294)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A & M Evans Farms Co Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Mr J A Evans
Mrs M A Evans
Mr H G Jones
Mrs B Jones





REGISTERED OFFICE: Glan y Wern Farm
Llandyrnog
Denbighshire
LL16 4HL





REGISTERED NUMBER: 09278294 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

A & M Evans Farms Co Limited (Registered number: 09278294)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 768,516 777,370
Investments 5 388,479 755,170
1,156,995 1,532,540

CURRENT ASSETS
Stocks 167,200 150,000
Debtors 6 415,788 291,025
Cash at bank 630,691 165,052
1,213,679 606,077
CREDITORS
Amounts falling due within one year 7 886,206 804,170
NET CURRENT ASSETS/(LIABILITIES) 327,473 (198,093 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,484,468

1,334,447

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,484,368 1,334,347
SHAREHOLDERS' FUNDS 1,484,468 1,334,447

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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2024 and were signed on its behalf by:





Mrs B Jones - Director


A & M Evans Farms Co Limited (Registered number: 09278294)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

A & M Evans Farms Co 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 represents net invoiced sales of goods, livestock and service, excluding value added tax.

Grants, subsidies and rents are recognised at the point the company becomes legally entitled to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Stocks
Livestock stocks are held at fair value, being the open market value as at the reporting date. Other stocks are held at the lower of cost or net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

A & M Evans Farms Co Limited (Registered number: 09278294)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 717,230 95,296 812,526
Additions - 5,650 5,650
Disposals - (3,800 ) (3,800 )
At 31 March 2024 717,230 97,146 814,376
DEPRECIATION
At 1 April 2023 - 35,156 35,156
Charge for year - 13,158 13,158
Eliminated on disposal - (2,454 ) (2,454 )
At 31 March 2024 - 45,860 45,860
NET BOOK VALUE
At 31 March 2024 717,230 51,286 768,516
At 31 March 2023 717,230 60,140 777,370

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 755,170
PROVISIONS

Impairments 366,691
At 31 March 2024 366,691
NET BOOK VALUE
At 31 March 2024 388,479
At 31 March 2023 755,170

Shares in group undertakings represent the holding of 100% of the issued share capital in Chwarel Bryncir Quarry Prosesu Dwyfach Processing Cyf.

An annual impairment is recorded to reflect the current net assets held in the subsidiary.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 393,788 223,288
Amounts owed by group undertakings 22,000 -
Other debtors - 67,737
415,788 291,025

A & M Evans Farms Co Limited (Registered number: 09278294)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 13,245 70,488
Amounts owed to associates - 15,170
Taxation and social security 161,859 101,660
Other creditors 711,102 616,852
886,206 804,170