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REGISTERED NUMBER: 05128707 (England and Wales)














MCM Farm Services Limited

Unaudited Financial Statements

For The Year Ended 30 June 2024






MCM Farm Services Limited (Registered number: 05128707)






Contents of the Financial Statements
For The Year Ended 30 June 2024




Page

Company Information 1

Chartered Accountants' Report 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


MCM Farm Services Limited

Company Information
For The Year Ended 30 June 2024







DIRECTORS: I Morley
M G Cowton



SECRETARY: Mrs S Morley



REGISTERED OFFICE: 15 Prospect Street
Bridlington
East Yorkshire
YO15 2AE



REGISTERED NUMBER: 05128707 (England and Wales)



ACCOUNTANTS: Charles A. Wood & Co.
Chartered Accountants
15 Prospect Street
Bridlington
East Yorkshire
YO15 2AE



BANKERS: Barclays Bank PLC
6 Manor Street
Bridlington
East Yorkshire
YO15 2RU

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
MCM Farm Services Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MCM Farm Services Limited for the year ended 30 June 2024 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of MCM Farm Services Limited, as a body, in accordance with the terms of our engagement letter dated 18 February 2022. Our work has been undertaken solely to prepare for your approval the financial statements of MCM Farm Services Limited and state those matters that we have agreed to state to the Board of Directors of MCM Farm Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MCM Farm Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that MCM Farm Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MCM Farm Services Limited. You consider that MCM Farm Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MCM Farm Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charles A. Wood & Co.
Chartered Accountants
15 Prospect Street
Bridlington
East Yorkshire
YO15 2AE


20 March 2025

MCM Farm Services Limited (Registered number: 05128707)

Abridged Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 40,004 22,472
40,004 22,472

CURRENT ASSETS
Stocks 300 350
Debtors 53,462 23,798
Cash at bank 4,803 -
58,565 24,148
CREDITORS
Amounts falling due within one year 54,861 36,033
NET CURRENT ASSETS/(LIABILITIES) 3,704 (11,885 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,708

10,587

CREDITORS
Amounts falling due after more than one
year

(7,805

)

-

PROVISIONS FOR LIABILITIES (9,669 ) (5,249 )
NET ASSETS 26,234 5,338

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 26,134 5,238
SHAREHOLDERS' FUNDS 26,234 5,338

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

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

The directors acknowledge their 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.

MCM Farm Services Limited (Registered number: 05128707)

Abridged Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:





I Morley - Director


MCM Farm Services Limited (Registered number: 05128707)

Notes to the Financial Statements
For The Year Ended 30 June 2024

1. STATUTORY INFORMATION

MCM Farm Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of five years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Buildings - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
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.

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.


MCM Farm Services Limited (Registered number: 05128707)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 15,000
AMORTISATION
At 1 July 2023
and 30 June 2024 15,000
NET BOOK VALUE

At 30 June 2024 -
At 30 June 2023 -

MCM Farm Services Limited (Registered number: 05128707)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 173,884
Additions 37,200
Disposals (25,200 )
At 30 June 2024 185,884
DEPRECIATION
At 1 July 2023 151,412
Charge for year 11,695
Eliminated on disposal (17,227 )
At 30 June 2024 145,880
NET BOOK VALUE
At 30 June 2024 40,004
At 30 June 2023 22,472

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
Additions 37,200
At 30 June 2024 37,200
DEPRECIATION
Charge for year 9,300
At 30 June 2024 9,300
NET BOOK VALUE
At 30 June 2024 27,900

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
M G Cowton
Balance outstanding at start of year - -
Amounts advanced 6,095 14,007
Amounts repaid (6,095 ) (14,007 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

MCM Farm Services Limited (Registered number: 05128707)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

I Morley
Balance outstanding at start of year - -
Amounts advanced 7,709 9,691
Amounts repaid (7,709 ) (9,691 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

7. RELATED PARTY DISCLOSURES

The following balances were due to the Director:
2024 2023
£    £   
I Morley 9,331 2,336
M G Cowton 9,266 1,831

8. ULTIMATE CONTROLLING PARTY

The controlling party is I Morley and M G Cowton.