Company Registration No. 08675379 (England and Wales)
ROB MORGAN AGRI CONTRACTORS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
ROB MORGAN AGRI CONTRACTORS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ROB MORGAN AGRI CONTRACTORS LIMITED
BALANCE SHEET
AS AT
29 SEPTEMBER 2024
29 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
2,700
3,585
Current assets
Debtors
5
71,976
60,613
Cash at bank and in hand
1,013
71,976
61,626
Creditors: amounts falling due within one year
6
(77,862)
(68,590)
Net current liabilities
(5,886)
(6,964)
Total assets less current liabilities
(3,186)
(3,379)
Creditors: amounts falling due after more than one year
7
(9,605)
(15,763)
Net liabilities
(12,791)
(19,142)
Capital and reserves
Called up share capital
8
1
1
Profit and loss reserves
(12,792)
(19,143)
Total equity
(12,791)
(19,142)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 29 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 23 June 2025
Mr R J Morgan
Director
Company Registration No. 08675379
ROB MORGAN AGRI CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information
Rob Morgan Agri Contractors Limited is a private company limited by shares incorporated in England and Wales. The registered office is Chestnut Cottage, Peplow, Market Drayton, Shropshire, TF9 3JU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Reporting period
The following financial statements represent the trading period from 1 October 2022 to 29 September 2023.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
25% per annum on written down value
Fixtures, fittings & equipment
20% per annum on written down value
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
ROB MORGAN AGRI CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 3 -
Deferred tax
Deferred tax is not currently recognised on the basis that it is immaterial.
1.7
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
3
Intangible fixed assets
Goodwill
£
Cost
At 30 September 2023 and 29 September 2024
10,000
Amortisation and impairment
At 30 September 2023 and 29 September 2024
10,000
Carrying amount
At 29 September 2024
At 29 September 2023
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Total
£
£
£
Cost
At 30 September 2023 and 29 September 2024
29,328
691
30,019
Depreciation and impairment
At 30 September 2023
25,969
465
26,434
Depreciation charged in the year
840
45
885
At 29 September 2024
26,809
510
27,319
ROB MORGAN AGRI CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 SEPTEMBER 2024
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Total
£
£
£
(Continued)
- 4 -
Carrying amount
At 29 September 2024
2,519
181
2,700
At 29 September 2023
3,359
226
3,585
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
25,823
20,028
Corporation tax recoverable
2,732
Other debtors
16,153
7,853
Prepayments and accrued income
30,000
30,000
71,976
60,613
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
9,133
5,480
Trade creditors
22,287
19,554
Corporation tax
15,109
17,108
Other taxation and social security
29,662
24,770
Accruals and deferred income
1,671
1,678
77,862
68,590
7
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loans and overdrafts
9,605
15,763
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
1
1
1
1