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REGISTERED NUMBER: 08659127 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BATEMAN FARMS CONTRACTING LIMITED

BATEMAN FARMS CONTRACTING LIMITED (REGISTERED NUMBER: 08659127)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BATEMAN FARMS CONTRACTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: J H Bateman
J Bateman
A Bateman
R Bateman





REGISTERED OFFICE: 27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE





REGISTERED NUMBER: 08659127 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

BATEMAN FARMS CONTRACTING LIMITED (REGISTERED NUMBER: 08659127)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,821,646 1,636,251

CURRENT ASSETS
Stocks 4,591 5,844
Debtors 5 1,196,405 906,576
Cash at bank 22,237 18,382
1,223,233 930,802
CREDITORS
Amounts falling due within one year 6 492,992 554,453
NET CURRENT ASSETS 730,241 376,349
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,551,887

2,012,600

CREDITORS
Amounts falling due after more than one
year

7

(291,924

)

(367,979

)

PROVISIONS FOR LIABILITIES (455,500 ) (315,300 )
NET ASSETS 1,804,463 1,329,321

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,804,363 1,329,221
SHAREHOLDERS' FUNDS 1,804,463 1,329,321

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

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

BATEMAN FARMS CONTRACTING LIMITED (REGISTERED NUMBER: 08659127)

BALANCE SHEET - continued
30 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





A Bateman - Director


BATEMAN FARMS CONTRACTING LIMITED (REGISTERED NUMBER: 08659127)

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

1. STATUTORY INFORMATION

Bateman Farms Contracting 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.

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover
Turnover represents net invoiced sales of goods 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% 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 Statement of Income and Retained Earnings, 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.

BATEMAN FARMS CONTRACTING LIMITED (REGISTERED NUMBER: 08659127)

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

2. ACCOUNTING POLICIES - continued

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.

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 4 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023 2,329,094 300 17,640 2,347,034
Additions 488,921 - - 488,921
Disposals (79,911 ) - - (79,911 )
At 30 September 2024 2,738,104 300 17,640 2,756,044
DEPRECIATION
At 1 October 2023 703,356 261 7,166 710,783
Charge for year 259,764 8 2,618 262,390
Eliminated on disposal (38,775 ) - - (38,775 )
At 30 September 2024 924,345 269 9,784 934,398
NET BOOK VALUE
At 30 September 2024 1,813,759 31 7,856 1,821,646
At 30 September 2023 1,625,738 39 10,474 1,636,251

BATEMAN FARMS CONTRACTING LIMITED (REGISTERED NUMBER: 08659127)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 October 2023 1,295,326
Additions 374,500
Transfer to ownership (323,350 )
At 30 September 2024 1,346,476
DEPRECIATION
At 1 October 2023 300,179
Charge for year 160,872
Transfer to ownership (38,478 )
At 30 September 2024 422,573
NET BOOK VALUE
At 30 September 2024 923,903
At 30 September 2023 995,147

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 177,221 -
Other debtors 1,019,184 906,576
1,196,405 906,576

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 312,575 353,137
Trade creditors 51,038 37,789
Taxation and social security 32,086 87,515
Other creditors 97,293 76,012
492,992 554,453

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 291,924 367,979

BATEMAN FARMS CONTRACTING LIMITED (REGISTERED NUMBER: 08659127)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Hire purchase contracts 604,499 721,116

Assets acquired under hire purchase agreements remain the property of the finance company until the agreement is complete.