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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
Page
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C & M Farm Machinery Ltd. Company Information for the period from 1 February 2024 to 28 February 2025
Director
Peter Carrell
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
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C & M Farm Machinery Ltd. Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
200,441 
200,692 
Investments
4 
4 
200,445 
200,696 
Current assets
Debtors
954 
1,098 
Cash at bank and in hand
140,112 
128,773 
141,066 
129,871 
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
Deferred tax
(83)
(131)
Net assets
334,446 
325,303 
Capital and reserves
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
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C & M Farm Machinery Ltd. Notes to the Accounts for the period from 1 February 2024 to 28 February 2025
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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 taxation
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.
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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 
Depreciation
At 1 February 2024
- 
314 
314 
Charge for the period
- 
251 
251 
At 28 February 2025
- 
565 
565 
Net book value
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 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
954 
1,098 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
1,113 
606 
Taxes and social security
5,357 
4,015 
Loans from directors
12 
12 
Accruals
500 
500 
6,982 
5,133 
8
Average number of employees
During the period the average number of employees was 0 (2024: 0).
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