2024-01-01 07420178 2025-05-31 07420178 2024-01-01 2025-05-31 07420178 2023-12-31 07420178 2023-01-01 2023-12-31 07420178 uk-core:WithinOneYear 2023-12-31 07420178 uk-core:WithinOneYear 2025-05-31 07420178 uk-core:ShareCapital 2025-05-31 07420178 uk-core:ShareCapital 2023-12-31 07420178 uk-core:RetainedEarningsAccumulatedLosses 2025-05-31 07420178 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 07420178 uk-bus:Director1 2024-01-01 2025-05-31 07420178 uk-core:PlantMachinery 2024-01-01 2025-05-31 07420178 uk-core:MotorVehicles 2024-01-01 2025-05-31 07420178 uk-core:FurnitureFittings 2024-01-01 2025-05-31 iso4217:GBP xbrli:pure 07420178 uk-bus:AuditExemptWithAccountantsReport 2024-01-01 2025-05-31 07420178 uk-bus:FRS102 2024-01-01 2025-05-31 07420178 uk-bus:FilletedAccounts 2024-01-01 2025-05-31 07420178 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2025-05-31
Michael Sykes Farm Produce Limited
Registered Number:07420178
For the period ended 31 May 2025
England and Wales
Unaudited Financial Statements
2
Registered Number :
07420178
As at 31 May 2025
Michael Sykes Farm Produce Limited
Statement of Financial Position
£
£
2023
2025
Notes
Fixed assets
Property, plant and equipment
-
10,885
2
-
10,885
Current assets
Trade and other receivables
33,871
13,308
3
18,857
Cash and cash equivalents
-
13,308
52,728
Trade and other payables: amounts falling due within one
year
(15,543)
(1,000)
4
37,185
12,308
Net current assets
Total assets less current liabilities
12,308
48,070
12,308
Net assets
48,070
Capital and reserves
Called up share capital
2
2
Retained earnings
12,306
48,068
12,308
48,070
Shareholders' funds
For the period ended 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 of its financial statements for the period ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
F M Sykes Director
These financial statements were approved and authorised for issue by the Board on 24 June 2025 and were signed by:
The notes form part of these financial statements
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3
For the period ended 31 May 2025
Michael Sykes Farm Produce Limited
Notes to the Financial Statements
Statutory Information
Michael Sykes Farm Produce Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07420178.
Registered address:
The Barn
Larks Rest Farm
Bolster Moor
Huddersfield
HD7 4JT
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15% Reducing balance
25% Reducing balance
Motor Vehicles
10% Reducing balance
Furniture and Fittings
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
2. Property, plant and equipment
Motor Vehicles
£
Cost or
valuation
At 01 January 2024
25,801
Disposals
(25,801)
At 31 May 2025
-
Provision for depreciation and impairment
At 01 January 2024
14,916
Charge for period
3,685
(18,601)
On disposal
At 31 May 2025
-
At 31 May 2025
Net book value
-
At 31 December 2023
10,885
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4
For the period ended 31 May 2025
Michael Sykes Farm Produce Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2025
£
£
Trade debtors
-
26,585
Prepayments and accrued income
-
4,022
Amounts owed by directors
13,308
3,195
Taxation and social security
-
69
33,871
13,308
4. Trade and other payables: amounts falling due within one year
2023
2025
£
£
Trade creditors
-
6,255
Taxation and social security
-
8,188
Accruals and deferred income
1,000
1,100
1,000
15,543
5. Average number of persons employed
During the year the average number of employees was 2 (2023 : 3)
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