Company Registration No. 03460396 (England and Wales)
C & M Farm Machinery Ltd.
Unaudited accounts
for the period from 1 February 2024 to 28 February 2025
C & M Farm Machinery Ltd.
Unaudited accounts
Contents
C & M Farm Machinery Ltd.
Company Information
for the period from 1 February 2024 to 28 February 2025
Secretary
Penelope Carrell
Company Number
03460396 (England and Wales)
Registered Office
8 Harbourside
Havant
Hampshire
PO9 1TJ
England
Accountants
Mallard Accounting Ltd
21 The Mallards
Havant
Hampshire
PO9 1SS
C & M Farm Machinery Ltd.
Statement of financial position
as at 28 February 2025
Tangible assets
200,441
200,692
Cash at bank and in hand
140,112
128,773
Creditors: amounts falling due within one year
(6,982)
(5,133)
Net current assets
134,084
124,738
Total assets less current liabilities
334,529
325,434
Provisions for liabilities
Net assets
334,446
325,303
Called up share capital
240,000
240,000
Revaluation reserve
25,929
25,929
Profit and loss account
68,517
59,374
Shareholders' funds
334,446
325,303
For the period ending 28 February 2025 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 6 March 2025 and were signed on its behalf by
Peter Carrell
Director
Company Registration No. 03460396
C & M Farm Machinery Ltd.
Notes to the Accounts
for the period from 1 February 2024 to 28 February 2025
C & M Farm Machinery Ltd. is a private company, limited by shares, registered in England and Wales, registration number 03460396. The registered office is 8 Harbourside, Havant, Hampshire, PO9 1TJ, England.
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.
These financial statements for the period from 1 February 2024 to 28 February 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Investment property is included at market fair value. If the investment property had not been revalued it would have been
included at historical cost as at 28th February 2025 of £174,071.
The investment property was valued on an open market basis on28th February 2025 by the director
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
C & M Farm Machinery Ltd.
Notes to the Accounts
for the period from 1 February 2024 to 28 February 2025
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2024
200,000
1,006
201,006
At 28 February 2025
200,000
1,006
201,006
At 1 February 2024
-
314
314
Charge for the period
-
251
251
At 28 February 2025
-
565
565
At 28 February 2025
200,000
441
200,441
At 31 January 2024
200,000
692
200,692
5
Investments
Other investments
Valuation at 1 February 2024
4
Valuation at 28 February 2025
4
Amounts falling due within one year
Accrued income and prepayments
954
1,098
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
5,357
4,015
Loans from directors
12
12
8
Average number of employees
During the period the average number of employees was 0 (2024: 0).