Farmer and Roper Limited 01143649 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is dormant. Digita Accounts Production Advanced 6.30.9574.0 true true 01143649 2023-04-01 2024-03-31 01143649 2024-03-31 01143649 core:CurrentFinancialInstruments 2024-03-31 01143649 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 01143649 1 2024-03-31 01143649 bus:SmallEntities 2023-04-01 2024-03-31 01143649 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 01143649 bus:FilletedAccounts 2023-04-01 2024-03-31 01143649 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 01143649 bus:RegisteredOffice 2023-04-01 2024-03-31 01143649 bus:Director1 2023-04-01 2024-03-31 01143649 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01143649 countries:EnglandWales 2023-04-01 2024-03-31 01143649 1 2023-04-01 2024-03-31 01143649 1 2023-03-31 01143649 2022-04-01 2023-03-31 01143649 2023-03-31 01143649 core:CurrentFinancialInstruments 2023-03-31 01143649 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 01143649 1 2023-03-31 01143649 1 2022-04-01 2023-03-31 01143649 1 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 01143649

Farmer and Roper Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Farmer and Roper Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Farmer and Roper Limited

(Registration number: 01143649)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

7,774

4,084

Cash at bank and in hand

 

238,535

384,263

 

246,309

388,347

Creditors: Amounts falling due within one year

5

(1,801)

(41,114)

Net assets

 

244,508

347,233

Capital and reserves

 

Called up share capital

15,000

15,000

Profit and loss account

229,508

332,233

Shareholders' funds

 

244,508

347,233

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 13 November 2024 and signed on its behalf by:
 


Mr J M Carr
Director

 

Farmer and Roper Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Queens House
42-44 New Street
Honiton
Devon
EX14 1BJ

Principal activity

The principal activity of the company is dormant.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Farmer and Roper Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Debtors

2024
£

2023
£

Other debtors

7,774

4,084

7,774

4,084

 

Farmer and Roper Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

841

39,314

Accruals and deferred income

960

1,800

1,801

41,114

6

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

7

Related party transactions

Transactions with directors

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Directors

4,084

110,000

(106,310)

7,774

         
       

 

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

Directors

5,461

6,000

(7,377)

4,084

 


Directors’ loans are repayable on demand and subject to interest on overdrawn balances at the official rate.