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Company Registration No. 06894207 (England and Wales)
Farm View Accountancy Ltd Unaudited accounts for the year ended 31 March 2025
Farm View Accountancy Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Farm View Accountancy Ltd Company Information for the year ended 31 March 2025
Directors
Mr R Woolley Mrs H Woolley
Company Number
06894207 (England and Wales)
Registered Office
Crown House York Road, SHIPTONTHORPE YORK YO43 3PF
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Farm View Accountancy Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
23,807
29,195
Tangible assets
5
295,199
274,851
319,006
304,046
Current assets
Inventories
1,500
3,250
Debtors
6
152,655
113,239
Cash at bank and in hand
20
587
154,175
117,076
Creditors: amounts falling due within one year
7
(89,210)
(97,462)
Net current assets
64,965
19,614
Total assets less current liabilities
383,971
323,660
Creditors: amounts falling due after more than one year
8
(146,916)
(149,205)
Provisions for liabilities
Deferred tax
(21,814)
(1,385)
Net assets
215,241
173,070
Capital and reserves
Called up share capital
1
1
Profit and loss account
215,240
173,069
Shareholders' funds
215,241
173,070
For the year ending 31 March 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 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 5 December 2025 and were signed on its behalf by
Mr R Woolley Director Company Registration No. 06894207
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Farm View Accountancy Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Farm View Accountancy Ltd is a private company, limited by shares, registered in England and Wales, registration number 06894207. The registered office is Crown House, York Road, SHIPTONTHORPE, YORK, YO43 3PF.
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:
Land & buildings
2% on cost
Plant & machinery
20% on a reducing balance
Motor vehicles
20% on a reducing balance
Fixtures & fittings
20% on a reducing balance
Computer equipment
30% on a reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is written off straight-line over 10 years
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Farm View Accountancy Ltd Notes to the Accounts for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024
53,884
At 31 March 2025
53,884
Amortisation
At 1 April 2024
24,689
Charge for the year
5,388
At 31 March 2025
30,077
Net book value
At 31 March 2025
23,807
At 31 March 2024
29,195
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
278,710
7,826
1,500
7,611
295,647
Additions
25,966
2,775
-
-
28,741
At 31 March 2025
304,676
10,601
1,500
7,611
324,388
Depreciation
At 1 April 2024
11,148
4,026
885
4,737
20,796
Charge for the year
6,093
1,315
123
862
8,393
At 31 March 2025
17,241
5,341
1,008
5,599
29,189
Net book value
At 31 March 2025
287,435
5,260
492
2,012
295,199
At 31 March 2024
267,562
3,800
615
2,874
274,851
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
29,502
23,353
Other debtors
123,153
89,886
152,655
113,239
- 6 -
Farm View Accountancy Ltd Notes to the Accounts for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
46,831
43,294
VAT
8,224
12,407
Trade creditors
273
1,808
Amounts owed to group undertakings and other participating interests
11,018
11,000
Taxes and social security
20,839
23,971
Deferred income
2,025
4,982
89,210
97,462
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
146,916
149,205
Aggregate of amounts that fall due for payment after five years
40,502
67,390
The bank loan is secured over the freehold property of the company.
9
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Mr R Woolley
Loan
49,886
116,144
84,147
81,883
49,886
116,144
84,147
81,883
The loan was repaid within nine months following the year end.
10
Average number of employees
During the year the average number of employees was 4 (2024: 4).
- 7 -