Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 13182079 Mr Matthew Banks Mr Robert Bourn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13182079 2023-02-28 13182079 2024-02-28 13182079 2023-03-01 2024-02-28 13182079 frs-core:Non-currentFinancialInstruments 2024-02-28 13182079 frs-core:ComputerEquipment 2024-02-28 13182079 frs-core:ComputerEquipment 2023-03-01 2024-02-28 13182079 frs-core:ComputerEquipment 2023-02-28 13182079 frs-core:FurnitureFittings 2024-02-28 13182079 frs-core:FurnitureFittings 2023-03-01 2024-02-28 13182079 frs-core:FurnitureFittings 2023-02-28 13182079 frs-core:PlantMachinery 2024-02-28 13182079 frs-core:PlantMachinery 2023-03-01 2024-02-28 13182079 frs-core:PlantMachinery 2023-02-28 13182079 frs-core:ShareCapital 2024-02-28 13182079 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 13182079 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 13182079 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 13182079 frs-bus:SmallEntities 2023-03-01 2024-02-28 13182079 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 13182079 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 13182079 frs-bus:Director1 2023-03-01 2024-02-28 13182079 frs-bus:Director2 2023-03-01 2024-02-28 13182079 frs-countries:EnglandWales 2023-03-01 2024-02-28 13182079 2022-02-28 13182079 2023-02-28 13182079 2022-03-01 2023-02-28 13182079 frs-core:CurrentFinancialInstruments 2023-02-28 13182079 frs-core:Non-currentFinancialInstruments 2023-02-28 13182079 frs-core:ShareCapital 2023-02-28 13182079 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 13182079
Farm Finance Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Hixsons
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13182079
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,553 4,431
3,553 4,431
CURRENT ASSETS
Debtors 5 521,310 17,140,559
Cash at bank and in hand 436,329 5,590,598
957,639 22,731,157
Creditors: Amounts Falling Due Within One Year 6 (7,200 ) (5,319 )
NET CURRENT ASSETS (LIABILITIES) 950,439 22,725,838
TOTAL ASSETS LESS CURRENT LIABILITIES 953,992 22,730,269
Creditors: Amounts Falling Due After More Than One Year 7 (2,902,883 ) (25,705,788 )
NET LIABILITIES (1,948,891 ) (2,975,519 )
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account (1,948,901 ) (2,975,529 )
SHAREHOLDERS' FUNDS (1,948,891) (2,975,519)
Page 1
Page 2
For the year 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Matthew Banks
Director
26 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Farm Finance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13182079 . The registered office is 19 Oxford Road, Bournemouth, BH8 8GS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 2,045 2,232 1,681 5,958
Additions - - 299 299
As at 28 February 2024 2,045 2,232 1,980 6,257
Depreciation
As at 1 March 2023 510 558 459 1,527
Provided during the period 383 418 376 1,177
As at 28 February 2024 893 976 835 2,704
Net Book Value
As at 28 February 2024 1,152 1,256 1,145 3,553
As at 1 March 2023 1,535 1,674 1,222 4,431
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 521,310 17,140,559
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Other creditors 7,200 4,800
Taxation and social security - 518
7,200 5,319
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 2,902,883 25,705,788
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 4