REGISTERED NUMBER: 07351882 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

TUNMORE FARM SERVICES LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

348,780

441,678

348,780

441,678

CURRENT ASSETS

Debtors

6

671,795

709,942

Cash at bank and in hand

250

49,391

672,045

759,333

CREDITORS

Amounts falling due within one year

7

(398,761

)

(343,162

)

NET CURRENT ASSETS

273,284

416,171

TOTAL ASSETS LESS CURRENT LIABILITIES

622,064

857,849

CREDITORS

Amounts falling due after more than one year

8

(114,289

)

(260,994

)

PROVISIONS FOR LIABILITIES

(87,195

)

(107,025

)

NET ASSETS

420,580

489,830

CAPITAL AND RESERVES

Called up share capital

10

3

3

Retained earnings

420,577

489,827

SHAREHOLDERS' FUNDS

420,580

489,830

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

Mr M J Tunmore - Director

Mr M D Tunmore - Director

1.	STATUTORY INFORMATION

Tunmore Farm Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07351882

Registered office:

Roseville

Mile Road

Carleton Rode

Norwich

Norfolk

NR16 1NE

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 represents the fair value of services provided during the year. Turnover is recognised as contract activity progresses and the right to consideration is earned. Fair value reflects the amount expected to be recoverable from clients. Turnover excludes value added tax.

Unbilled turnover on individual contracts is included as accrued income within other debtors.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, was amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.

EMPLOYEES

The average number of employees during the year was 5 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2023

and 30 September 2024

105,000

AMORTISATION

At 1 October 2023

and 30 September 2024

105,000

NET BOOK VALUE

At 30 September 2024

-

At 30 September 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2023

1,284,710

Additions

17,097

At 30 September 2024

1,301,807

DEPRECIATION

At 1 October 2023

843,032

Charge for year

109,995

At 30 September 2024

953,027

NET BOOK VALUE

At 30 September 2024

348,780

At 30 September 2023

441,678

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 October 2023

524,577

Additions

12,275

Transfer to ownership

(46,455

)

At 30 September 2024

490,397

DEPRECIATION

At 1 October 2023

191,203

Charge for year

87,505

Transfer to ownership

(33,480

)

At 30 September 2024

245,228

NET BOOK VALUE

At 30 September 2024

245,169

At 30 September 2023

333,374

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

340,562

293,902

Other debtors

331,233

416,040

671,795

709,942

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

25,399

25,000

Hire purchase contracts

90,222

88,720

Trade creditors

96,161

60,939

Taxation and social security

177,869

159,066

Other creditors

9,110

9,437

398,761

343,162

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,167

29,167

Hire purchase contracts

110,122

231,827

114,289

260,994

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

200,344

320,547

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary A

£1

1

1

2

Ordinary B

£1

2

2

3

3

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024

2023

£

£

Mr M J Tunmore

Balance outstanding at start of year

147,178

141,434

Amounts advanced

93,771

94,283

Amounts repaid

(92,685

)

(88,539

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

148,264

147,178

Mr M D Tunmore

Balance outstanding at start of year

90,225

74,743

Amounts advanced

74,667

132,882

Amounts repaid

(97,960

)

(117,400

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

66,932

90,225

Interest has been charged on the overdrawn directors loan account of £5,709 (2023 - £5,392) .