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REGISTERED NUMBER: 06393213 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

FARM & COUNTRY SUPPLIES LIMITED

FARM & COUNTRY SUPPLIES LIMITED (REGISTERED NUMBER: 06393213)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FARM & COUNTRY SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: C Kruse
A Kruse
K Badman





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 06393213 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

FARM & COUNTRY SUPPLIES LIMITED (REGISTERED NUMBER: 06393213)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 196,395 104,828

CURRENT ASSETS
Stocks 205,246 138,449
Debtors 5 359,281 87,750
Cash at bank and in hand 323,622 227,509
888,149 453,708
CREDITORS
Amounts falling due within one year 6 704,456 455,404
NET CURRENT ASSETS/(LIABILITIES) 183,693 (1,696 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

380,088

103,132

CREDITORS
Amounts falling due after more than one
year

7

(44,008

)

(51,466

)

PROVISIONS FOR LIABILITIES (30,406 ) (30,406 )
NET ASSETS 305,674 21,260

CAPITAL AND RESERVES
Called up share capital 105 105
Capital redemption reserve 10 (30,896 ) -
Retained earnings 10 336,465 21,155
SHAREHOLDERS' FUNDS 305,674 21,260

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

FARM & COUNTRY SUPPLIES LIMITED (REGISTERED NUMBER: 06393213)

BALANCE SHEET - continued
31 MARCH 2025


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 May 2025 and were signed on its behalf by:




C Kruse - Director A Kruse - Director




K Badman - Director


FARM & COUNTRY SUPPLIES LIMITED (REGISTERED NUMBER: 06393213)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Farm & Country Supplies 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 33% 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.

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.

FARM & COUNTRY SUPPLIES LIMITED (REGISTERED NUMBER: 06393213)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2024 76,018 1,478 184,324 261,820
Additions 67,227 1,868 112,994 182,089
Disposals - (967 ) (73,694 ) (74,661 )
At 31 March 2025 143,245 2,379 223,624 369,248
DEPRECIATION
At 1 April 2024 21,839 532 134,621 156,992
Charge for year 24,281 440 48,028 72,749
Eliminated on disposal - (348 ) (56,540 ) (56,888 )
At 31 March 2025 46,120 624 126,109 172,853
NET BOOK VALUE
At 31 March 2025 97,125 1,755 97,515 196,395
At 31 March 2024 54,179 946 49,703 104,828

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2024 109,979
Additions 81,744
Disposals (15,999 )
At 31 March 2025 175,724
DEPRECIATION
At 1 April 2024 76,901
Charge for year 36,303
Eliminated on disposal (11,187 )
At 31 March 2025 102,017
NET BOOK VALUE
At 31 March 2025 73,707
At 31 March 2024 33,078

FARM & COUNTRY SUPPLIES LIMITED (REGISTERED NUMBER: 06393213)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 359,138 87,472
Prepayments and accrued income 143 278
359,281 87,750

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,467 10,355
Hire purchase contracts (see note 8) 43,619 23,689
Trade creditors 286,881 213,532
Tax 67,803 (22,086 )
Social security and other taxes 14,439 26,945
VAT 91,626 51,390
Other creditors 10,093 13,558
Stud Farm 13,000 13,000
Directors' current accounts 100,728 69,861
Shareholders' loan account 40,000 40,000
Accruals and deferred income 25,800 15,160
704,456 455,404

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 2-5 years 2,617 12,944
Hire purchase contracts (see note 8) 41,391 38,522
44,008 51,466

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025 2024
£    £   
Net obligations repayable:
Within one year 43,619 23,689
Between one and five years 41,391 38,522
85,010 62,211

FARM & COUNTRY SUPPLIES LIMITED (REGISTERED NUMBER: 06393213)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts 85,010 62,211

The hire purchase creditor is secured against the asset to which it relates.

10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 April 2024 21,155 - 21,155
Profit for the year 315,310 315,310
Purchase of own shares - (30,896 ) (30,896 )
At 31 March 2025 336,465 (30,896 ) 305,569