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REGISTERED NUMBER: 13153244 (England and Wales)















A.C.K. Farming Limited

Unaudited Financial Statements for the Year Ended 31st January 2024






A.C.K. Farming Limited (Registered number: 13153244)






Contents of the Financial Statements
for the Year Ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A.C.K. Farming Limited

Company Information
for the Year Ended 31st January 2024







Directors: T D Prichard
P Prichard





Registered office: Earthmover's House
Llantrisant Business Park
Llantrisant
Pontyclun
CF72 8LF





Registered number: 13153244 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

A.C.K. Farming Limited (Registered number: 13153244)

Balance Sheet
31st January 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 4 26,350 33,450

Current assets
Stocks 111,810 110,069
Debtors 5 226,798 19,921
Cash at bank 14,665 10,295
353,273 140,285
Creditors
Amounts falling due within one year 6 (302,604 ) (129,518 )
Net current assets 50,669 10,767
Total assets less current liabilities 77,019 44,217

Capital and reserves
Called up share capital 2 2
Retained earnings 77,017 44,215
77,019 44,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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 29th October 2024 and were signed on its behalf by:





T D Prichard - Director


A.C.K. Farming Limited (Registered number: 13153244)

Notes to the Financial Statements
for the Year Ended 31st January 2024

1. Statutory information

A.C.K. Farming 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on cost

Stocks
Stock is recognised at the lower of cost or estimated future selling price less costs to sell.

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.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

A.C.K. Farming Limited (Registered number: 13153244)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

4. Tangible fixed assets
Plant and
machinery
£   
Cost
At 1st February 2023
and 31st January 2024 35,500
Depreciation
At 1st February 2023 2,050
Charge for year 7,100
At 31st January 2024 9,150
Net book value
At 31st January 2024 26,350
At 31st January 2023 33,450

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors - 809
Directors' loan accounts 217,793 14,843
Tax 328 342
VAT 8,677 3,927
226,798 19,921

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 20,481 25,033
Tax 9,364 -
Other creditors 271,559 39,785
Accruals and deferred income 1,200 64,700
302,604 129,518

7. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31st January 2024 and 31st January 2023:

2024 2023
£    £   
T D Prichard
Balance outstanding at start of year 10,842 (112,209 )
Amounts advanced 210,400 124,051
Amounts repaid (23,850 ) (1,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 197,392 10,842

A.C.K. Farming Limited (Registered number: 13153244)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

7. Directors' advances, credits and guarantees - continued

P Prichard
Balance outstanding at start of year 4,001 -
Amounts advanced 16,400 5,001
Amounts repaid - (1,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,401 4,001

8. Related party disclosures

During the year the company bought goods and services totalling £80,000 (2023: £97,874) from companies which the directors have a controlling interest.

Included within creditors amounts falling due within 1 year is an amount of £271,559 (2023: £102,285) due to companies where the directors have a controlling interest.

9. Ultimate controlling party

The ultimate controlling parties are Mr & Mrs Prichard by virtue of their shareholding.