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REGISTERED NUMBER: 08025269 (England and Wales)













Financial Statements

for the Year Ended 30 April 2024

for

J J Cook Farm Machinery Limited

J J Cook Farm Machinery Limited (Registered number: 08025269)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J J Cook Farm Machinery Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: J J Cook



REGISTERED OFFICE: Kestrel Business Park
Gonerby Lane
GRANTHAM
Lincolnshire
NG32 2DU



REGISTERED NUMBER: 08025269 (England and Wales)



ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



BANKERS: HSBC
Stonebow
221 High Street
LINCOLN
Lincolnshire
LN1 1TS

J J Cook Farm Machinery Limited (Registered number: 08025269)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 58,089 55,166
58,089 55,166

CURRENT ASSETS
Stocks 572,858 1,148,548
Debtors 6 310,973 585,164
Cash at bank 642,937 260,235
1,526,768 1,993,947
CREDITORS
Amounts falling due within one year 7 720,893 407,718
NET CURRENT ASSETS 805,875 1,586,229
TOTAL ASSETS LESS CURRENT
LIABILITIES

863,964

1,641,395

PROVISIONS FOR LIABILITIES 14,522 5,667
NET ASSETS 849,442 1,635,728

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 849,342 1,635,628
849,442 1,635,728

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

J J Cook Farm Machinery Limited (Registered number: 08025269)

Balance Sheet - continued
30 April 2024


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 director and authorised for issue on 24 January 2025 and were signed by:





J J Cook - Director


J J Cook Farm Machinery Limited (Registered number: 08025269)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

J J Cook Farm Machinery 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.


J J Cook Farm Machinery Limited (Registered number: 08025269)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

J J Cook Farm Machinery Limited (Registered number: 08025269)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 10,000
AMORTISATION
At 1 May 2023
and 30 April 2024 10,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 11,022 2,176 114,773 3,938 131,909
Additions 43,100 - 850 - 43,950
Disposals - - (71,250 ) - (71,250 )
At 30 April 2024 54,122 2,176 44,373 3,938 104,609
DEPRECIATION
At 1 May 2023 9,303 2,176 62,032 3,232 76,743
Charge for year 5,031 - 2,596 316 7,943
Eliminated on disposal - - (38,166 ) - (38,166 )
At 30 April 2024 14,334 2,176 26,462 3,548 46,520
NET BOOK VALUE
At 30 April 2024 39,788 - 17,911 390 58,089
At 30 April 2023 1,719 - 52,741 706 55,166

J J Cook Farm Machinery Limited (Registered number: 08025269)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 102,183 54,101
Amounts owed by group undertakings - 329,055
Other debtors 3,100 6,476
VAT - 4,989
Prepayments and accrued income 23,029 20,765
Deposits 182,661 169,778
310,973 585,164

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 191,007 15,608
Tax 123,866 387,461
VAT 368,561 -
Other creditors 34,459 149
Accruals and deferred income 3,000 4,500
720,893 407,718

8. RELATED PARTY DISCLOSURES

Dale Farm Holdings Ltd

The above company own 100% of the share capital of J J Cook Farm Machinery Limited.

Included in debtors in an amount of £0 (2023 - £329,055). This is unsecured and interest free.

Rents were paid during the year totalling £100,000 (2023: £0). This was at market value.