Farmed Services Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 09967083

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		14,167		23,356

			14,167		23,356
CURRENT ASSETS
Debtors	5	1,842		1,815
Cash at bank and in hand		8,398		21,225

		10,240		23,040
Creditors: Amounts Falling Due Within One Year	6	(11,957 )		(11,473 )

NET CURRENT ASSETS (LIABILITIES)			(1,717 )		11,567

TOTAL ASSETS LESS CURRENT LIABILITIES			12,450		34,923

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,654 )		(4,438 )

NET ASSETS			9,796		30,485

CAPITAL AND RESERVES
Called up share capital	7		10		10
Profit and Loss Account			9,786		30,475

SHAREHOLDERS' FUNDS			9,796		30,485

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Farmed Services Limited

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 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 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Dr D J Farmer

Director

11 June 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Farmed Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09967083 . The registered office is Cypress House Assarts Road, Malvern Wells, Worcestershire, WR14 4HW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	20% Straight Line
Fixtures & Fittings	20% Straight Line
Computer Equipment	33% Straight Line

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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Farmed Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 February 2024	37,976	948	11,387	50,311
Additions	-	-	224	224

As at 31 January 2025	37,976	948	11,611	50,535

Depreciation
As at 1 February 2024	16,412	760	9,783	26,955
Provided during the period	7,595	188	1,630	9,413

As at 31 January 2025	24,007	948	11,413	36,368

Net Book Value
As at 31 January 2025	13,969	-	198	14,167

As at 1 February 2024	21,564	188	1,604	23,356

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	1,599	1,572
Other taxes and social security	243	243

	1,842	1,815

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	88	1,131
Corporation tax	173	1,778
VAT	2,666	2,435
Directors' loan accounts	9,030	6,129

	11,957	11,473

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10	10

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