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Company registration number: NI603826
A F Farm Services Limited
Unaudited filleted abridged financial statements
31 July 2024
A F Farm Services Limited
Contents
Directors and other information
Accountant's report
Abridged statement of financial position
Notes to the financial statements
A F Farm Services Limited
Directors and other information
Director Mr Archie Fleming
Company number NI603826
Registered office Killybracken
Dungannon
Co Tyrone
BT70 1LP
Accountant GDP Accountants Ltd
122A Moore Street
Aughnacloy
Co Tyrone
BT69 6AA
Bankers Bank of Ireland
Scotch Street
Dungannon
Co Tyrone
A F Farm Services Limited
Report to the director on the preparation of the
unaudited statutory financial statements of A F Farm Services Limited
Year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of A F Farm Services Limited for the year ended 31 July 2024 as set out on pages 5 to 10 from the company's accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the director of A F Farm Services Limited, as a body, in accordance with the terms of my engagement letter dated 5 February 2024. My work has been undertaken solely to prepare for your approval the financial statements of A F Farm Services Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than A F Farm Services Limited and its director as a body for my work or for this report.
It is your duty to ensure that A F Farm Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A F Farm Services Limited. You consider that A F Farm Services Limited is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of A F Farm Services Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
GDP Accountants Ltd
Chartered Certified Accountants
122A Moore Street
Aughnacloy
Co Tyrone
BT69 6AA
21 October 2024
A F Farm Services Limited
Abridged statement of financial position
31 July 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 57,652 14,627
________ ________
57,652 14,627
Current assets
Stocks 500 500
Debtors 91,766 87,704
Cash at bank and in hand 55,967 22,818
________ ________
148,233 111,022
Creditors: amounts falling due
within one year ( 149,865) ( 65,926)
________ ________
Net current (liabilities)/assets ( 1,632) 45,096
________ ________
Total assets less current liabilities 56,020 59,723
Creditors: amounts falling due
after more than one year ( 6,612) ( 13,194)
Provisions for liabilities ( 14,414) ( 2,780)
________ ________
Net assets 34,994 43,749
________ ________
Capital and reserves
Called up share capital 100 100
Profit and loss account 34,894 43,649
________ ________
Shareholders funds 34,994 43,749
________ ________
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of financial position for the current year ending 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 21 October 2024 , and are signed on behalf of the board by:
Mr Archie Fleming
Director
Company registration number: NI603826
A F Farm Services Limited
Notes to the financial statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in N Ireland. The address of the registered office is Killybracken, Dungannon, Co Tyrone, BT70 1LP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 15 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Tangible assets
£
Cost
At 1 August 2023 37,585
Additions 46,540
________
At 31 July 2024 84,125
________
Depreciation
At 1 August 2023 22,958
Charge for the year 3,515
________
At 31 July 2024 26,473
________
Carrying amount
At 31 July 2024 57,652
________
At 31 July 2023 14,627
________