Company Registration No. 4762702 (England and Wales)
M Feed Limited
Unaudited accounts
for the year ended 31 May 2025
M Feed Limited
Unaudited accounts
Contents
M Feed Limited
Company Information
for the year ended 31 May 2025
Directors
Mr Richard Mark Francis
Mrs Margaret Ann Francis
Company Number
4762702 (England and Wales)
Registered Office
Four Winds
Faugh, Heads Nook
Brampton
CA8 9EA
Accountants
Louise Utting
Scaleby Mill
Scaleby
Carlisle
CA6 4LF
M Feed Limited
Statement of financial position
as at 31 May 2025
Tangible assets
38,349
10,781
Cash at bank and in hand
108,409
74,809
Creditors: amounts falling due within one year
(476,680)
(426,362)
Net current assets
40,650
71,136
Total assets less current liabilities
78,999
81,917
Creditors: amounts falling due after more than one year
-
(11,489)
Provisions for liabilities
Deferred tax
(9,586)
(2,694)
Called up share capital
200
200
Profit and loss account
69,213
67,534
Shareholders' funds
69,413
67,734
For the year ending 31 May 2025 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by
Mr Richard Mark Francis
Director
Company Registration No. 4762702
M Feed Limited
Notes to the Accounts
for the year ended 31 May 2025
M Feed Limited is a private company, limited by shares, registered in England and Wales, registration number 4762702. The registered office is Four Winds, Faugh, Heads Nook, Brampton, CA8 9EA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
M Feed Limited
Notes to the Accounts
for the year ended 31 May 2025
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2024
1,626
8,140
28,125
37,891
Additions
-
275
43,500
43,775
Disposals
-
-
(28,125)
(28,125)
At 31 May 2025
1,626
8,415
43,500
53,541
At 1 June 2024
1,304
6,899
18,907
27,110
Charge for the year
163
301
6,525
6,989
On disposals
-
-
(18,907)
(18,907)
At 31 May 2025
1,467
7,200
6,525
15,192
At 31 May 2025
159
1,215
36,975
38,349
At 31 May 2024
322
1,241
9,218
10,781
Amounts falling due within one year
Trade debtors
408,771
421,244
M Feed Limited
Notes to the Accounts
for the year ended 31 May 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
11,373
10,108
Trade creditors
145,329
106,166
Taxes and social security
10,332
10,168
Loans from directors
308,616
284,890
8
Creditors: amounts falling due after more than one year
2025
2024
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).