Company Registration No. 09566009 (England and Wales)
M J FARMER LIMITED
Unaudited accounts
for the year ended 30 April 2024
M J FARMER LIMITED
Unaudited accounts
Contents
M J FARMER LIMITED
Company Information
for the year ended 30 April 2024
Company Number
09566009 (England and Wales)
Registered Office
Office 42 IMEX Business Centre
Oxleasow Road
Redditch
Worcs
B98 0RE
Accountants
AC Counts & Services Ltd
Office 42
Imex Business Centre, Oxleasow Road
Redditch
Worcestershire
B98 0RE
M J FARMER LIMITED
Statement of financial position
as at 30 April 2024
Tangible assets
8,266
9,843
Inventories
169,247
212,197
Cash at bank and in hand
13,194
9,395
Creditors: amounts falling due within one year
(114,987)
(126,892)
Net current assets
68,355
101,585
Total assets less current liabilities
76,621
111,428
Creditors: amounts falling due after more than one year
(20,833)
(30,833)
Called up share capital
2
2
Profit and loss account
55,786
80,593
Shareholders' funds
55,788
80,595
For the year ending 30 April 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 December 2024 and were signed on its behalf by
Matthew Farmer
Director
Company Registration No. 09566009
M J FARMER LIMITED
Notes to the Accounts
for the year ended 30 April 2024
M J FARMER LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09566009. The registered office is Office 42 IMEX Business Centre, Oxleasow Road, Redditch, Worcs, B98 0RE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance Method
Motor vehicles
25% Reducing Balance Method
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The financial statements have been prepared on a going concern basis. This assumes the continued support of the director. The director has indicated his support will continue for the foreseeable future.
M J FARMER LIMITED
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 May 2023
13,270
7,150
20,420
At 30 April 2024
13,428
7,150
20,578
At 1 May 2023
5,767
4,810
10,577
Charge for the year
1,150
585
1,735
At 30 April 2024
6,917
5,395
12,312
At 30 April 2024
6,511
1,755
8,266
At 30 April 2023
7,503
2,340
9,843
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
260
3,900
Proposed dividends
52,832
51,832
Other creditors
35,644
35,644
Loans from directors
22,316
31,080
7
Creditors: amounts falling due after more than one year
2024
2023
8
Transactions with related parties
At the year end there was a balance of £28045 (2021 - £25319) owed to sole director, Mr M J Farmer.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).