Norfolk Farm Machinery Club (Normac) Limited

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2—3

Registered number: 09912444

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		136		181

			136		181
CURRENT ASSETS
Debtors	5	319		369
Cash at bank and in hand		11,508		17,887

		11,827		18,256
Creditors: Amounts Falling Due Within One Year	6	(973 )		(989 )

NET CURRENT ASSETS (LIABILITIES)			10,854		17,267

TOTAL ASSETS LESS CURRENT LIABILITIES			10,990		17,448

NET ASSETS			10,990		17,448

Income Statement			10,990		17,448

MEMBERS' FUNDS			10,990		17,448

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.

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 Income Statement.

On behalf of the board

Mr. James Garrod

Director

26 September 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Norfolk Farm Machinery Club (Normac) Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 09912444 .

The registered office is Easton College, Easton, Norwich, NR9 5DX.

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.

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:

Fixtures & Fittings

25% Reducing Balance

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 January 2024	1,801

As at 31 December 2024	1,801

Depreciation
As at 1 January 2024	1,620
Provided during the period	45

As at 31 December 2024	1,665

Net Book Value
As at 31 December 2024	136

As at 1 January 2024	181

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	319	369

Page 2

Page 3

Norfolk Farm Machinery Club (Normac) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Other creditors	973	989

7. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Page 3