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REGISTERED NUMBER: 02629706 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

CONCEPT FARM MACHINERY LIMITED

CONCEPT FARM MACHINERY LIMITED (REGISTERED NUMBER: 02629706)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CONCEPT FARM MACHINERY LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2024







DIRECTORS: G ALEOTTI
E A P ALEOTTI





SECRETARY: G ALEOTTI





REGISTERED OFFICE: 19 Westholm
London
NW11 6LH





REGISTERED NUMBER: 02629706 (England and Wales)






CONCEPT FARM MACHINERY LIMITED (REGISTERED NUMBER: 02629706)

BALANCE SHEET
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 76 89
Investments 5 978,936 859,374
979,012 859,463

CURRENT ASSETS
Debtors 6 374,853 315,610
Cash at bank 476,502 344,870
851,355 660,480
CREDITORS
Amounts falling due within one year 7 682,252 616,657
NET CURRENT ASSETS 169,103 43,823
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,148,115

903,286

PROVISIONS FOR LIABILITIES 89,069 59,178
NET ASSETS 1,059,046 844,108

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,058,946 844,008
1,059,046 844,108

CONCEPT FARM MACHINERY LIMITED (REGISTERED NUMBER: 02629706)

BALANCE SHEET - continued
30 November 2024


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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2025 and were signed on its behalf by:





G ALEOTTI - Director


CONCEPT FARM MACHINERY LIMITED (REGISTERED NUMBER: 02629706)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Concept Farm Machinery 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life. Plant and machinery etc - 15% on reducing balance.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

CONCEPT FARM MACHINERY LIMITED (REGISTERED NUMBER: 02629706)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 4,859
DEPRECIATION
At 1 December 2023 4,770
Charge for year 13
At 30 November 2024 4,783
NET BOOK VALUE
At 30 November 2024 76
At 30 November 2023 89

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 December 2023 859,374
Revaluations 119,562
At 30 November 2024 978,936
NET BOOK VALUE
At 30 November 2024 978,936
At 30 November 2023 859,374

CONCEPT FARM MACHINERY LIMITED (REGISTERED NUMBER: 02629706)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 November 2024 is represented by:

Other
investments
£   
Valuation in 2015 138,009
Valuation in 2016 45,575
Valuation in 2017 53,135
Valuation in 2018 (19,207 )
Valuation in 2019 75,970
Valuation in 2020 40,656
Valuation in 2021 38,323
Valuation in 2022 (99,104 )
Valuation in 2023 37,180
Valuation in 2024 119,562
Cost 548,837
978,936

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 312,634 260,920
Other debtors 62,219 54,690
374,853 315,610

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 130,933 97,775
Taxation and social security 98,111 65,475
Other creditors 453,208 453,407
682,252 616,657