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REGISTERED NUMBER: 03907742 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

PLAIN FARMING LIMITED

PLAIN FARMING LIMITED (REGISTERED NUMBER: 03907742)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


PLAIN FARMING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: D C Heaver
P J Helyer





SECRETARY: Ms D P Harper





REGISTERED OFFICE: Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ





REGISTERED NUMBER: 03907742 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PLAIN FARMING LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Plain Farming Limited for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Plain Farming Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Plain Farming Limited and state those matters that we have agreed to state to the Board of Directors of Plain Farming Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Plain Farming Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Plain Farming Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Plain Farming Limited. You consider that Plain Farming Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Plain Farming Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ


28 August 2025

PLAIN FARMING LIMITED (REGISTERED NUMBER: 03907742)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 283,067 311,818

CURRENT ASSETS
Debtors 5 197,357 151,112
Cash at bank and in hand 69,475 57,844
266,832 208,956
CREDITORS
Amounts falling due within one year 6 132,149 95,003
NET CURRENT ASSETS 134,683 113,953
TOTAL ASSETS LESS CURRENT
LIABILITIES

417,750

425,771

CREDITORS
Amounts falling due after more than one
year

7

68,185

68,185
NET ASSETS 349,565 357,586

CAPITAL AND RESERVES
Called up share capital 8 300 300
Retained earnings 9 349,265 357,286
SHAREHOLDERS' FUNDS 349,565 357,586

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

PLAIN FARMING LIMITED (REGISTERED NUMBER: 03907742)

BALANCE SHEET - continued
31 AUGUST 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:




D C Heaver - Director



P J Helyer - Director


PLAIN FARMING LIMITED (REGISTERED NUMBER: 03907742)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Plain Farming 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.

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.
Tractors - Straight line over 25 years
Other equipment - at variable rates on reducing balance
Sprayer - 15% on reducing balance

Assets purchased at a cost exceeding £100 are capitalised.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Other
Tractors equipment Sprayer Totals
£    £    £    £   
COST
At 1 September 2023
and 31 August 2024 323,788 141,601 55,000 520,389
DEPRECIATION
At 1 September 2023 134,659 54,998 18,914 208,571
Charge for year 23,252 1,890 3,609 28,751
At 31 August 2024 157,911 56,888 22,523 237,322
NET BOOK VALUE
At 31 August 2024 165,877 84,713 32,477 283,067
At 31 August 2023 189,129 86,603 36,086 311,818

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 103,650 69,469
Tax 994 994
VAT 4,989 -
Prepayments and accrued income 87,724 80,649
197,357 151,112

PLAIN FARMING LIMITED (REGISTERED NUMBER: 03907742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 79,396 50,742
Corporation Tax 4,709 -
VAT - 12,033
Other creditors 44,264 28,628
Accrued expenses 3,780 3,600
132,149 95,003

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 68,185 68,185

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
300 Ordinary 1 300 300

9. RESERVES
Retained
earnings
£   

At 1 September 2023 357,286
Deficit for the year (8,021 )
At 31 August 2024 349,265