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Company Registration No. 10127775 (England and Wales)
Sowdens Farm Contracting Limited Unaudited accounts for the year ended 31 December 2024
Sowdens Farm Contracting Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Sowdens Farm Contracting Limited Company Information for the year ended 31 December 2024
Directors
Philip Gordon Hill Richard Philip Hill
Company Number
10127775 (England and Wales)
Registered Office
LLOYDS BANK CHAMBERS HIGH STREET CREDITON DEVON EX17 3AH UNITED KINGDOM
Accountants
H W Martin & Co LLP Lloyds Bank Chambers High Street Crediton Devon EX17 3AH
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Sowdens Farm Contracting Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
104,678 
76,740 
Current assets
Debtors
5
11,844 
16,024 
Cash at bank and in hand
6,873 
4,723 
18,717 
20,747 
Creditors: amounts falling due within one year
6
(35,294)
(36,239)
Net current liabilities
(16,577)
(15,492)
Total assets less current liabilities
88,101 
61,248 
Creditors: amounts falling due after more than one year
7
(27,945)
- 
Net assets
60,156 
61,248 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
60,146 
61,238 
Shareholders' funds
60,156 
61,248 
For the year ending 31 December 2024 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 March 2025 and were signed on its behalf by
Richard Philip Hill Director Company Registration No. 10127775
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Sowdens Farm Contracting Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Sowdens Farm Contracting Limited is a private company, limited by shares, registered in England and Wales, registration number 10127775. The registered office is LLOYDS BANK CHAMBERS, HIGH STREET, CREDITON, DEVON, EX17 3AH, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
20% reducing balance basis
Motor vehicles
20% reducing balance basis
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
3,665 
148,290 
23,172 
175,127 
Additions
- 
81,075 
- 
81,075 
Disposals
- 
(64,020)
- 
(64,020)
At 31 December 2024
3,665 
165,345 
23,172 
192,182 
Depreciation
At 1 January 2024
- 
96,456 
1,931 
98,387 
Charge for the year
- 
17,590 
4,248 
21,838 
On disposals
- 
(32,721)
- 
(32,721)
At 31 December 2024
- 
81,325 
6,179 
87,504 
Net book value
At 31 December 2024
3,665 
84,020 
16,993 
104,678 
At 31 December 2023
3,665 
51,834 
21,241 
76,740 
- 5 -
Sowdens Farm Contracting Limited Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
11,748 
16,024 
Other debtors
96 
- 
11,844 
16,024 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,474 
3,258 
Obligations under finance leases and hire purchase contracts
7,655 
2,740 
Trade creditors
- 
4,911 
Taxes and social security
7,851 
220 
Loans from directors
14,714 
24,510 
Accruals
600 
600 
35,294 
36,239 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
27,945 
- 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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