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REGISTERED NUMBER: 08934249 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

DECOY FARMING LIMITED

DECOY FARMING LIMITED (REGISTERED NUMBER: 08934249)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DECOY FARMING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: E D Clark
Mrs D L Clark





REGISTERED OFFICE: Decoy Farms
Upper Winchendon
Aylesbury
Buckinghamshire
HP18 0EL





REGISTERED NUMBER: 08934249 (England and Wales)





ACCOUNTANTS: Martin and Company
Two Brewers House
50 North Street
Thame
Oxfordshire
OX9 3BH

DECOY FARMING LIMITED (REGISTERED NUMBER: 08934249)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 759,418 771,116

CURRENT ASSETS
Stocks 273,200 219,650
Debtors 5 13,146 45,424
Cash at bank 133,572 1,995
419,918 267,069
CREDITORS
Amounts falling due within one year 6 714,813 686,083
NET CURRENT LIABILITIES (294,895 ) (419,014 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

464,523

352,102

CREDITORS
Amounts falling due after more than one
year

7

(92,024

)

(141,561

)

PROVISIONS FOR LIABILITIES (135,818 ) (133,372 )
NET ASSETS 236,681 77,169

CAPITAL AND RESERVES
Called up share capital 90 90
Retained earnings 236,591 77,079
236,681 77,169

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

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

DECOY FARMING LIMITED (REGISTERED NUMBER: 08934249)

BALANCE SHEET - continued
30TH SEPTEMBER 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 23rd April 2025 and were signed on its behalf by:





E D Clark - Director


DECOY FARMING LIMITED (REGISTERED NUMBER: 08934249)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. STATUTORY INFORMATION

Decoy Farming 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.
Storage containers - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Tractors and combines - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

DECOY FARMING LIMITED (REGISTERED NUMBER: 08934249)

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


2. ACCOUNTING POLICIES - continued

Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability

Government grants
Government grants are recognised at fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifics performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Storage Short Plant and
containers leasehold machinery
£    £    £   
COST
At 1st October 2023 193,214 216,144 410,778
Additions 9,010 - 21,917
Disposals - - -
At 30th September 2024 202,224 216,144 432,695
DEPRECIATION
At 1st October 2023 80,550 - 230,210
Charge for year 12,168 - 25,471
Eliminated on disposal - - -
At 30th September 2024 92,718 - 255,681
NET BOOK VALUE
At 30th September 2024 109,506 216,144 177,014
At 30th September 2023 112,664 216,144 180,568

DECOY FARMING LIMITED (REGISTERED NUMBER: 08934249)

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


4. TANGIBLE FIXED ASSETS - continued

Tractors
and Motor Computer
combines vehicles equipment Totals
£    £    £    £   
COST
At 1st October 2023 330,370 45,390 2,664 1,198,560
Additions 56,000 38,300 767 125,994
Disposals (50,250 ) (35,890 ) - (86,140 )
At 30th September 2024 336,120 47,800 3,431 1,238,414
DEPRECIATION
At 1st October 2023 93,181 21,466 2,037 427,444
Charge for year 42,645 9,180 349 89,813
Eliminated on disposal (18,695 ) (19,566 ) - (38,261 )
At 30th September 2024 117,131 11,080 2,386 478,996
NET BOOK VALUE
At 30th September 2024 218,989 36,720 1,045 759,418
At 30th September 2023 237,189 23,924 627 771,116

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,696 912
Other debtors 11,450 44,512
13,146 45,424

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 32,101
Hire purchase contracts 25,919 25,919
Trade creditors 33,948 1,833
Taxation and social security 28,391 5,128
Other creditors 626,555 621,102
714,813 686,083

Amounts due under hire purchase agreements within one year are secured against the assets to which they relate.

DECOY FARMING LIMITED (REGISTERED NUMBER: 08934249)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 22,999 48,918
Other creditors 69,025 92,643
92,024 141,561

Amounts due under hire purchase agreements after more than one year are secured against the assets to which they relate.