BrightAccountsProduction v1.0.0 v1.0.0 2023-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the management of ducks. 16 October 2024 2 2 NI625268 2024-03-31 NI625268 2023-03-31 NI625268 2022-03-31 NI625268 2023-04-01 2024-03-31 NI625268 2022-04-01 2023-03-31 NI625268 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI625268 uk-curr:PoundSterling 2023-04-01 2024-03-31 NI625268 uk-bus:AbridgedAccounts 2023-04-01 2024-03-31 NI625268 uk-core:ShareCapital 2024-03-31 NI625268 uk-core:ShareCapital 2023-03-31 NI625268 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI625268 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI625268 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 NI625268 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 NI625268 uk-bus:FRS102 2023-04-01 2024-03-31 NI625268 uk-core:PlantMachinery 2023-04-01 2024-03-31 NI625268 uk-core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 NI625268 uk-core:MotorVehicles 2023-04-01 2024-03-31 NI625268 2023-04-01 2024-03-31 NI625268 uk-bus:Director1 2023-04-01 2024-03-31 NI625268 uk-bus:Director2 2023-04-01 2024-03-31 NI625268 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI625268
 
 
MEK Farm Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 March 2024
MEK Farm Limited
Company Registration Number: NI625268
ABRIDGED BALANCE SHEET
as at 31 March 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 48,733 30,049
───────── ─────────
 
Current Assets
Debtors 18,277 20,451
Cash and cash equivalents 25,935 36,614
───────── ─────────
44,212 57,065
───────── ─────────
Creditors: amounts falling due within one year (30,653) (48,918)
───────── ─────────
Net Current Assets 13,559 8,147
───────── ─────────
Total Assets less Current Liabilities 62,292 38,196
 
Creditors:
amounts falling due after more than one year (8,178) (26,946)
───────── ─────────
Net Assets 54,114 11,250
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 54,014 11,150
───────── ─────────
Equity attributable to owners of the company 54,114 11,250
═════════ ═════════
 
The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 16 October 2024 and signed on its behalf by
           
           
________________________________          
Mr. Martin Kelly          
Director          
           
           
________________________________
Mr. Eamonn Kelly
Director
           



MEK Farm Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 March 2024

   
1. General Information
 
MEK Farm Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI625268. The registered office of the company is 77 Inishative Road, Carrickmore, Omagh, Co. Tyrone, BT79 9HT, Northern Ireland which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 March 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 10% Straight line
  Fixtures, fittings and equipment - 20% Straight line
  Motor vehicles - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 2, (2023 - 2).
 
  2024 2023
  Number Number
 
Administrative 2 2
  ═════════ ═════════
           
4. Tangible assets
  Plant and Fixtures, Motor Total
  machinery fittings and vehicles  
    equipment    
  £ £ £ £
Cost
At 1 April 2023 127,450 943 26,750 155,143
Additions - - 33,321 33,321
  ───────── ───────── ───────── ─────────
At 31 March 2024 127,450 943 60,071 188,464
  ───────── ───────── ───────── ─────────
Depreciation
At 1 April 2023 97,662 682 26,750 125,094
Charge for the financial year 11,131 174 3,332 14,637
  ───────── ───────── ───────── ─────────
At 31 March 2024 108,793 856 30,082 139,731
  ───────── ───────── ───────── ─────────
Net book value
At 31 March 2024 18,657 87 29,989 48,733
  ═════════ ═════════ ═════════ ═════════
At 31 March 2023 29,788 261 - 30,049
  ═════════ ═════════ ═════════ ═════════
       
5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 March 2024.
   
6. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.