IRIS Accounts Production v24.3.2.46 04229282 director 1.7.23 30.6.24 30.6.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042292822023-06-30042292822024-06-30042292822023-07-012024-06-30042292822022-06-30042292822022-07-012023-06-30042292822023-06-3004229282ns15:EnglandWales2023-07-012024-06-3004229282ns14:PoundSterling2023-07-012024-06-3004229282ns10:Director12023-07-012024-06-3004229282ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3004229282ns10:SmallEntities2023-07-012024-06-3004229282ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3004229282ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3004229282ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3004229282ns10:FullAccounts2023-07-012024-06-3004229282ns10:OrdinaryShareClass12023-07-012024-06-3004229282ns10:CompanySecretary12023-07-012024-06-3004229282ns10:RegisteredOffice2023-07-012024-06-3004229282ns5:CurrentFinancialInstruments2024-06-3004229282ns5:CurrentFinancialInstruments2023-06-3004229282ns5:ShareCapital2024-06-3004229282ns5:ShareCapital2023-06-3004229282ns5:RetainedEarningsAccumulatedLosses2024-06-3004229282ns5:RetainedEarningsAccumulatedLosses2023-06-3004229282ns5:PlantMachinery2023-07-012024-06-3004229282ns5:FurnitureFittings2023-07-012024-06-3004229282ns5:MotorVehicles2023-07-012024-06-3004229282ns5:ComputerEquipment2023-07-012024-06-3004229282ns5:PlantMachinery2023-06-3004229282ns5:FurnitureFittings2023-06-3004229282ns5:MotorVehicles2023-06-3004229282ns5:ComputerEquipment2023-06-3004229282ns5:PlantMachinery2024-06-3004229282ns5:FurnitureFittings2024-06-3004229282ns5:MotorVehicles2024-06-3004229282ns5:ComputerEquipment2024-06-3004229282ns5:PlantMachinery2023-06-3004229282ns5:FurnitureFittings2023-06-3004229282ns5:MotorVehicles2023-06-3004229282ns5:ComputerEquipment2023-06-3004229282ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3004229282ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3004229282ns5:WithinOneYear2024-06-3004229282ns5:WithinOneYear2023-06-3004229282ns10:OrdinaryShareClass12024-06-30
REGISTERED NUMBER: 04229282 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

FARMSERVE LIMITED

FARMSERVE LIMITED (REGISTERED NUMBER: 04229282)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FARMSERVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: D W Barber





SECRETARY: M J Barber





REGISTERED OFFICE: 24 South Avenue
Elstow
Bedford
Bedfordshire
MK42 9YS





REGISTERED NUMBER: 04229282 (England and Wales)





ACCOUNTANTS: Rawlinson Pryde Limited
Chartered Accountants
Argent House
5 Goldington Road
Bedford
Bedfordshire
MK40 3JY

FARMSERVE LIMITED (REGISTERED NUMBER: 04229282)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,558 19,455

CURRENT ASSETS
Stocks 29,753 39,141
Debtors 5 107,823 213,858
Cash at bank 937,344 836,190
1,074,920 1,089,189
CREDITORS
Amounts falling due within one year 6 243,532 302,708
NET CURRENT ASSETS 831,388 786,481
TOTAL ASSETS LESS CURRENT LIABILITIES 848,946 805,936

PROVISIONS FOR LIABILITIES 3,965 3,914
NET ASSETS 844,981 802,022

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 843,981 801,022
SHAREHOLDERS' FUNDS 844,981 802,022

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 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.

FARMSERVE LIMITED (REGISTERED NUMBER: 04229282)

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.

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 26 March 2025 and were signed by:





D W Barber - Director


FARMSERVE LIMITED (REGISTERED NUMBER: 04229282)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Farmserve 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 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 - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 10% on cost

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Stock and work in progress
Revenue is recognised over time as activities progress to reflect the company's performance of its contractual obligations. Where a job is partially complete the company recognises revenue to the extent that it has obtained the right to consideration through its performance.

Accrued income is calculated by reference to the sales value of individual jobs taking into account all direct costs, an appropriate proportion of fixed and variable overheads and estimated gross profit and assessed for stage of completion.

Where it remains, stock and work in progress is stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost included all direct expenditure and an appropriate proportion of fixed and variable overheads.

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity. An equity instrument is any contract that evidences residual interest in the assets of the company after deducting any liabilities.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.


FARMSERVE LIMITED (REGISTERED NUMBER: 04229282)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
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.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount of the asset. Where the carrying amount exceeds its recoverable amount an impairment loss is recognised in the profit and loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

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

FARMSERVE LIMITED (REGISTERED NUMBER: 04229282)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 28,795 5,247 50,675 2,302 87,019
Additions 229 - - - 229
At 30 June 2024 29,024 5,247 50,675 2,302 87,248
DEPRECIATION
At 1 July 2023 16,361 351 50,675 177 67,564
Charge for year 1,370 525 - 231 2,126
At 30 June 2024 17,731 876 50,675 408 69,690
NET BOOK VALUE
At 30 June 2024 11,293 4,371 - 1,894 17,558
At 30 June 2023 12,434 4,896 - 2,125 19,455

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 40,354 28,004
Other debtors 14,192 107,177
Accrued income 47,619 73,375
Prepayments 5,658 5,302
107,823 213,858

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 24,811 11,224
Tax 21,905 25,013
Social security and other taxes 2,059 1,994
VAT 1,672 18,953
Directors' current accounts 184,546 157,341
Accrued expenses 8,539 88,183
243,532 302,708

FARMSERVE LIMITED (REGISTERED NUMBER: 04229282)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 3,750 3,750

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1,000 Ordinary £1 1,000 1,000