| Farmcash Ltd |
| Registered number: |
14016448 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
1,440 |
|
|
- |
| Tangible assets |
4 |
|
|
2,488 |
|
|
- |
|
|
|
|
3,928 |
|
|
- |
|
| Current assets |
| Debtors |
5 |
|
238,342 |
|
|
- |
| Cash at bank and in hand |
|
|
48,973 |
|
|
1,068 |
|
|
|
287,315 |
|
|
1,068 |
|
| Creditors: amounts falling due within one year |
6 |
|
(168,645) |
|
|
- |
|
| Net current assets |
|
|
|
118,670 |
|
|
1,068 |
|
| Total assets less current liabilities |
|
|
|
122,598 |
|
|
1,068 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(107,819) |
|
|
(11,470) |
|
|
| Net assets/(liabilities) |
|
|
|
14,779 |
|
|
(10,402) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
14,679 |
|
|
(10,502) |
|
| Shareholder's funds |
|
|
|
14,779 |
|
|
(10,402) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| M Jones |
| Director |
| Approved by the board on 18 September 2025 |
|
| Farmcash Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is recognised when the service is completed or when the goods are received. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Computer Equipment |
over 5 years |
|
|
Debtors |
|
Short term debtors are measured at transaction price which is usually the invoice price less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price which is usually the invoice price. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
1 |
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Website development: |
|
|
Cost |
|
Additions |
1,800 |
|
At 31 March 2025 |
1,800 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
Provided during the year |
360 |
|
At 31 March 2025 |
360 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
1,440 |
|
|
|
|
|
|
|
|
|
|
Website development costs are being written off in equal annual instalments over its estimated economic life of 5 years. |
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Computer Equipment |
| £ |
|
Cost |
|
Additions |
2,636 |
|
At 31 March 2025 |
2,636 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the year |
148 |
|
At 31 March 2025 |
148 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
2,488 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
70,507 |
|
- |
|
Assigned debtors |
|
47,211 |
|
- |
|
Other debtors |
120,624 |
|
- |
|
|
|
|
|
|
238,342 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
49,330 |
|
- |
|
Assigned creditors |
|
10,020 |
|
- |
|
Taxation and social security costs |
13,034 |
|
- |
|
Other creditors |
96,261 |
|
- |
|
|
|
|
|
|
168,645 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
107,819 |
|
11,470 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Related party transactions |
|
|
Included in other creditors is an amount of £107,819 (2024: £11,470) which is owed to the director by the company. |
|
|
| 9 |
Other information |
|
|
Farmcash Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Monkley Stables |
|
Rode |
|
Frome |
|
England |
|
BA11 6QQ |