Company Registration No. 13193482 (England and Wales)
FARMER BOY LIMITED
Unaudited accounts
for the period from 1 March 2023 to 28 February 2024
FARMER BOY LIMITED
Unaudited accounts
Contents
FARMER BOY LIMITED
Company Information
for the period from 1 March 2023 to 28 February 2024
Director
Cristian Razvan Stefan
Company Number
13193482 (England and Wales)
Registered Office
5 MENDIP ROAD
HORNCHURCH
RM11 1LL
Accountants
BM&CO LIMITED
14 MIDDLEWELL COURT
NORTHAMPTON
NN3 9TZ
FARMER BOY LIMITED
Statement of financial position
as at 28 February 2024
Cash at bank and in hand
5,840
5,154
Creditors: amounts falling due within one year
(7,087)
(4,560)
Net current assets
8,290
5,513
Total assets less current liabilities
8,290
14,014
Creditors: amounts falling due after more than one year
-
(8,686)
Called up share capital
1
1
Profit and loss account
8,289
5,327
Shareholders' funds
8,290
5,328
For the period ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 October 2024 and were signed on its behalf by
Cristian Razvan Stefan
Director
Company Registration No. 13193482
FARMER BOY LIMITED
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
FARMER BOY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13193482. The registered office is 5 MENDIP ROAD, HORNCHURCH, RM11 1LL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Straight-line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
FARMER BOY LIMITED
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
4
Tangible fixed assets
Total
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
6
Average number of employees
During the period the average number of employees was 1 (2023: 1).