LAW FARMS LTD

Company Registration Number:
06561236 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2024

Period of accounts

Start date: 01 October 2023

End date: 30 September 2024

LAW FARMS LTD

Contents of the Financial Statements

for the Period Ended 30 September 2024

Balance sheet
Notes

LAW FARMS LTD

Balance sheet

As at 30 September 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 90,861 89,213
Total fixed assets: 90,861 89,213
Current assets
Stocks: 4,818 0
Debtors:   70,272 61,179
Cash at bank and in hand: 2,231 358
Total current assets: 77,321 61,537
Creditors: amounts falling due within one year:   (222,340) (178,674)
Net current assets (liabilities): (145,019) (117,137)
Total assets less current liabilities: (54,158) (27,924)
Creditors: amounts falling due after more than one year:   (26,833) (31,500)
Total net assets (liabilities): (80,991) (59,424)
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:433,40033,400
Profit and loss account: (114,491) (92,924)
Shareholders funds: (80,991) (59,424)

The notes form part of these financial statements

LAW FARMS LTD

Balance sheet statements

For the year ending 30 September 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 02 June 2025
and signed on behalf of the board by:

Name: P Lawrence
Status: Director

The notes form part of these financial statements

LAW FARMS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents net invoiced sales of crops plus support income, excluding value added tax.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 20% on cost and 10% on cost

Other accounting policies

Stocks Stocks of corn on hand are valued at selling price less 25%. Stocks of seed, fertilizer and spray, together with contracting charges, 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. Hire purchase and leasing commitments Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

LAW FARMS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

LAW FARMS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible Assets

Total
Cost £
At 01 October 2023 162,944
Additions 2,358
At 30 September 2024 165,302
Depreciation
At 01 October 2023 73,731
Charge for year 710
At 30 September 2024 74,441
Net book value
At 30 September 2024 90,861
At 30 September 2023 89,213

LAW FARMS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Revaluation reserve

2024
£
Balance at 01 October 2023 33,400
Surplus or deficit after revaluation 0
Balance at 30 September 2024 33,400

LAW FARMS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Related party transactions

During the year the company was controlled by Mr P Lawrence.