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Company Registration No. 03460396 (England and Wales)
C & M Farm Machinery Ltd. Unaudited accounts for the year ended 28 February 2026
C & M Farm Machinery Ltd. Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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C & M Farm Machinery Ltd. Company Information for the year ended 28 February 2026
Director
Peter Carrell
Secretary
Penelope Carrell
Company Number
03460396 (England and Wales)
Registered Office
8 Harbourside Havant Hampshire PO9 1TJ England
Accountants
Mallard Accounting Ltd 21 The Mallards Havant Hampshire PO9 1SS
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C & M Farm Machinery Ltd. Statement of financial position as at 28 February 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
200,190
200,441
Investments
5
4
4
200,194
200,445
Current assets
Debtors
6
946
954
Cash at bank and in hand
151,595
140,112
152,541
141,066
Creditors: amounts falling due within one year
7
(9,190)
(6,982)
Net current assets
143,351
134,084
Total assets less current liabilities
343,545
334,529
Provisions for liabilities
Deferred tax
(35)
(83)
Net assets
343,510
334,446
Capital and reserves
Called up share capital
240,000
240,000
Revaluation reserve
25,929
25,929
Profit and loss account
77,581
68,517
Shareholders' funds
343,510
334,446
For the year ending 28 February 2026 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 director acknowledges his 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 and authorised for issue on 10 March 2026 and were signed on its behalf by
Peter Carrell Director Company Registration No. 03460396
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C & M Farm Machinery Ltd. Notes to the Accounts for the year ended 28 February 2026
1
Statutory information
C & M Farm Machinery Ltd. is a private company, limited by shares, registered in England and Wales, registration number 03460396. The registered office is 8 Harbourside, Havant, Hampshire, PO9 1TJ, England.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Investment property
Investment property is included at market fair value. If the investment property had not been revalued it would have been included at historical cost as at 28th February 2025 of £174,071. The investment property was valued on an open market basis on28th February 2025 by the director
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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C & M Farm Machinery Ltd. Notes to the Accounts for the year ended 28 February 2026
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 March 2025
200,000
1,006
201,006
At 28 February 2026
200,000
1,006
201,006
Depreciation
At 1 March 2025
-
565
565
Charge for the year
-
251
251
At 28 February 2026
-
816
816
Net book value
At 28 February 2026
200,000
190
200,190
At 28 February 2025
200,000
441
200,441
5
Investments
Other investments
£
Valuation at 1 March 2025
4
Valuation at 28 February 2026
4
6
Debtors
2026
2025
£
£
Amounts falling due within one year
Accrued income and prepayments
946
954
7
Creditors: amounts falling due within one year
2026
2025
£
£
VAT
1,351
1,113
Taxes and social security
5,458
5,357
Other creditors
1,000
-
Loans from directors
12
12
Accruals
550
500
Deferred income
819
-
9,190
6,982
8
Average number of employees
During the year the average number of employees was 0 (2025: 0).
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