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REGISTERED NUMBER: 03634649 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2024

for

ALLFARM INSTALLATIONS LIMITED

ALLFARM INSTALLATIONS LIMITED (Registered number: 03634649)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALLFARM INSTALLATIONS LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mr C J Slade





REGISTERED OFFICE: Units 5 & 6, Riverside View
Industrial Estate
Wickham Market
WOODBRIDGE
Suffolk
IP13 0TA





REGISTERED NUMBER: 03634649 (England and Wales)





ACCOUNTANTS: Turner & Ellerby
Chartered Certified Accountants
5 Church Street
Framlingham
Woodbridge
Suffolk
IP13 9BQ

ALLFARM INSTALLATIONS LIMITED (Registered number: 03634649)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,988 37,078

CURRENT ASSETS
Stocks 5 46,512 38,567
Debtors 6 20,212 81,868
Cash at bank and in hand 266 221
66,990 120,656
CREDITORS
Amounts falling due within one year 7 54,253 106,095
NET CURRENT ASSETS 12,737 14,561
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,725

51,639

CREDITORS
Amounts falling due after more than one
year

8

(13,949

)

(24,111

)

PROVISIONS FOR LIABILITIES 11 (9,498 ) (7,045 )
NET ASSETS 39,278 20,483

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 39,276 20,481
SHAREHOLDERS' FUNDS 39,278 20,483

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

ALLFARM INSTALLATIONS LIMITED (Registered number: 03634649)

Balance Sheet - continued
31 December 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 28 February 2025 and were signed by:





Mr C J Slade - Director


ALLFARM INSTALLATIONS LIMITED (Registered number: 03634649)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

ALLFARM INSTALLATIONS 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.

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 reducing balance
Motor vehicles - 20% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

ALLFARM INSTALLATIONS LIMITED (Registered number: 03634649)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2024 4,998 43,731 50,111 98,840
Additions - 20,055 14,000 34,055
Disposals - - (21,471 ) (21,471 )
At 31 December 2024 4,998 63,786 42,640 111,424
DEPRECIATION
At 1 January 2024 4,998 31,993 24,771 61,762
Charge for year - 6,359 6,138 12,497
Eliminated on disposal - - (12,823 ) (12,823 )
At 31 December 2024 4,998 38,352 18,086 61,436
NET BOOK VALUE
At 31 December 2024 - 25,434 24,554 49,988
At 31 December 2023 - 11,738 25,340 37,078

5. STOCKS
2024 2023
£    £   
Stocks 40,000 36,047
Unbilled sales contracts 6,512 2,520
46,512 38,567

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,554 59,891
S455 Tax - 20,154
Loan - 400
Prepayments 658 1,423
20,212 81,868

ALLFARM INSTALLATIONS LIMITED (Registered number: 03634649)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 21,831 9,911
Trade creditors 9,082 49,999
Tax 2,073 1,635
PAYE & other taxes 2,413 2,339
VAT 8,833 10,851
Net wages 5,771 8,055
Directors' current accounts - 19,055
Accrued expenses 4,250 4,250
54,253 106,095

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 13,949 24,111

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 11,669 -
Bank loans 10,162 9,911
21,831 9,911

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,418 10,162

Amounts falling due between two and five years:
Bank loans - 2-5 years 3,531 13,949

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 11,669 -
Bank loans 24,111 34,022
35,780 34,022

Bank borrowings are secured by a charge over the company's assets.


ALLFARM INSTALLATIONS LIMITED (Registered number: 03634649)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 9,498 7,045

Deferred
tax
£   
Balance at 1 January 2024 7,045
Charge to Income Statement during year 2,453
Balance at 31 December 2024 9,498

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mr S Dickons
Balance outstanding at start of year - 87,651
Amounts repaid - (87,651 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -