1 July 2024 v2025.83.1 limited_company_frs_102_section_1a_v1_1_3 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP045441972024-07-012025-06-30045441972025-06-30045441972024-06-3004544197core:WithinOneYear2025-06-3004544197core:WithinOneYear2024-06-3004544197core:AfterOneYear2024-06-3004544197core:ShareCapital2025-06-3004544197core:ShareCapital2024-06-3004544197core:RetainedEarningsAccumulatedLosses2025-06-3004544197core:RetainedEarningsAccumulatedLosses2024-06-3004544197bus:Director12024-07-012025-06-3004544197bus:Director22024-07-012025-06-3004544197bus:RegisteredOffice2024-07-012025-06-3004544197core:MotorVehicles2024-07-012025-06-3004544197core:OfficeEquipment2024-07-012025-06-30045441972023-07-012024-06-3004544197core:PlantMachinery2024-07-0104544197core:PlantMachinery2024-07-012025-06-3004544197core:PlantMachinery2025-06-3004544197core:PlantMachinery2024-06-300454419712024-07-012025-06-3004544197countries:EnglandWales2024-07-012025-06-3004544197bus:AuditExemptWithAccountantsReport2024-07-012025-06-3004544197bus:PrivateLimitedCompanyLtd2024-07-012025-06-3004544197bus:SmallEntities2024-07-012025-06-3004544197bus:FullAccounts2024-07-012025-06-30
Company registration number:
04544197
Farmec Engineering Services Limited
Unaudited Filleted Financial Statements for the year ended
30 June 2025
Farmec Engineering Services Limited
Statement of Financial Position
30 June 2025
20252024
Note££
Fixed assets    
Tangible assets 5
12,120
 
10,102
 
Current assets    
Stocks
14,945
 
21,350
 
Debtors 6
148,646
 
143,728
 
Cash at bank and in hand
118,921
 
210,553
 
282,512
 
375,631
 
Creditors: amounts falling due within one year 7
(76,238
 )
(169,243
 )
Net current assets
206,274
 
206,388
 
Total assets less current liabilities 218,394   216,490  
Creditors: amounts falling due after more than one year 8 -  
(9,167
 )
Net assets
218,394
 
207,323
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
218,294
 
207,223
 
Shareholders funds
218,394
 
207,323
 
For the year ending
30 June 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
19 November 2025
, and are signed on behalf of the board by:
Mr Trevor Franks
Mr Neil Ratcliffe
DirectorDirector
Company registration number:
04544197
Farmec Engineering Services Limited
Notes to the Financial Statements
Year ended
30 June 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Unit 6A Oldham Street
,
Hanley
,
Stoke on Trent
,
Staffordshire
,
ST1 3EY
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Motor vehicles
25% reducing balance
Office equipment
15% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
10
(2024:
12.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 July 2024
49,041
 
Additions
8,331
 
Disposals
(22,760
 )
At
30 June 2025
34,612
 
Depreciation  
At
1 July 2024
38,939
 
Charge
3,702
 
Disposals
(20,149
 )
At
30 June 2025
22,492
 
Carrying amount  
At
30 June 2025
12,120
 
At 30 June 2024
10,102
 

6 Debtors

20252024
££
Trade debtors
146,076
 
132,467
 
Other debtors
2,570
 
11,261
 
148,646
 
143,728
 

7 Creditors: amounts falling due within one year

20252024
££
Bank loans and overdrafts
9,167
 
10,000
 
Trade creditors
17,137
 
52,668
 
Taxation and social security
47,215
 
100,264
 
Other creditors
2,719
 
6,311
 
76,238
 
169,243
 

8 Creditors: amounts falling due after more than one year

20252024
££
Bank loans and overdrafts -  
9,167
 

10 Controlling party

Mr Trevor Franks and Mr Neil Ratcliffe are the ultimate controlling parties by virtue of their equal shareholding in the company