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REGISTERED NUMBER: 12330641 (England and Wales)















Farm Water Limited

Unaudited Financial Statements for the Year Ended 30 November 2024






Farm Water Limited (Registered number: 12330641)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Farm Water Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: R G Turner
S M Turner
A H Beynon
B M South



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 12330641 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: HSBC Bank plc
9 Chapel Street
The Magnolia Centre
Exmouth
Devon
EX8 1HR

Farm Water Limited (Registered number: 12330641)

Statement of Financial Position
30 November 2024

30.11.24 30.11.23
Notes £    £   
CURRENT ASSETS
Stocks 5 28,765 27,890
Debtors 6 6,231 12,005
Cash at bank and in hand 92,700 68,772
127,696 108,667
CREDITORS
Amounts falling due within one year 7 98,844 101,051
NET CURRENT ASSETS 28,852 7,616
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,852

7,616

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 27,852 6,616
SHAREHOLDERS' FUNDS 28,852 7,616

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:





R G Turner - Director


Farm Water Limited (Registered number: 12330641)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Farm Water 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared in accordance with applicable accounting standards and estimation techniques.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

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

5. STOCKS
30.11.24 30.11.23
£    £   
Stocks 28,765 27,890

Farm Water Limited (Registered number: 12330641)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 6,231 12,005

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 1,304 6,409
Corporation Tax 8,776 1,650
VAT 234 116
Other creditors 87,342 91,688
Accruals and deferred income 1,188 1,188
98,844 101,051

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
240 Ordinary £1 240 240
280 A Ordinary £1 280 280
380 B Ordinary £1 380 380
100 C Ordinary £1 100 100
1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 December 2023 6,616
Profit for the year 21,236
At 30 November 2024 27,852

10. RELATED PARTY DISCLOSURES

Entities with control, joint control or influence over the entity

30.11.23 30.11.22
£    £   
Purchases and consultancy 8,136 6,349
Loans from related parties 91,688 87,330



11. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by it's directors A H Beynon and R G Turner by virtue of the fact that they own a majority of the issued share capital.