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REGISTERED NUMBER: 05176682 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Farmgene Limited

Farmgene Limited (Registered number: 05176682)






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


Farmgene Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: I F McDougall
J Shave





SECRETARY: T M Shave





REGISTERED OFFICE: 10 Bell Gardens
South Marston
Swindon
Wiltshire
SN3 4TB





REGISTERED NUMBER: 05176682 (England and Wales)





ACCOUNTANTS: Shave Consulting
Timothy Shave, FCCA
10 Bell Gardens
South Marston
Swindon
Wiltshire
SN3 4TB

Farmgene Limited (Registered number: 05176682)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 88,495 72,442
Investments 5 1 1
88,496 72,443

CURRENT ASSETS
Debtors 6 274,930 298,272
Cash at bank 33,306 -
308,236 298,272
CREDITORS
Amounts falling due within one year 7 209,941 166,850
NET CURRENT ASSETS 98,295 131,422
TOTAL ASSETS LESS CURRENT
LIABILITIES

186,791

203,865

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 186,790 203,864
SHAREHOLDERS' FUNDS 186,791 203,865

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.

Farmgene Limited (Registered number: 05176682)

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 Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





I F McDougall - Director


Farmgene Limited (Registered number: 05176682)

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

1. STATUTORY INFORMATION

Farmgene 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 represents net invoiced sales of good and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment - 10% straight line method

Motor Vehicles - 25% reducing balance method

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Farmgene Limited (Registered number: 05176682)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 191,718
Additions 33,695
At 30 June 2024 225,413
DEPRECIATION
At 1 July 2023 119,276
Charge for year 17,642
At 30 June 2024 136,918
NET BOOK VALUE
At 30 June 2024 88,495
At 30 June 2023 72,442

5. FIXED ASSET INVESTMENTS

The company is the sole shareholder of Australian Charollais Sheep Pty Ltd.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 274,930 298,272

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts - 8,721
Trade creditors 78,692 32,342
Taxation and social security 61,562 75,228
Other creditors 69,687 50,559
209,941 166,850