Acorah Software Products - Accounts Production 19.2.450 false true 28 February 2025 1 March 2024 false 1 March 2025 28 February 2026 28 February 2026 09264444 Mr James Kay iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09264444 2025-02-28 09264444 2026-02-28 09264444 2025-03-01 2026-02-28 09264444 frs-core:CurrentFinancialInstruments 2026-02-28 09264444 frs-core:PlantMachinery 2026-02-28 09264444 frs-core:PlantMachinery 2025-03-01 2026-02-28 09264444 frs-core:PlantMachinery 2025-02-28 09264444 frs-core:CapitalRedemptionReserve 2026-02-28 09264444 frs-core:ShareCapital 2026-02-28 09264444 frs-core:RetainedEarningsAccumulatedLosses 2026-02-28 09264444 frs-bus:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 09264444 frs-bus:FilletedAccounts 2025-03-01 2026-02-28 09264444 frs-bus:SmallEntities 2025-03-01 2026-02-28 09264444 frs-bus:AuditExempt-NoAccountantsReport 2025-03-01 2026-02-28 09264444 frs-bus:SmallCompaniesRegimeForAccounts 2025-03-01 2026-02-28 09264444 frs-core:CostValuation 2025-02-28 09264444 frs-core:CostValuation 2026-02-28 09264444 frs-core:ProvisionsForImpairmentInvestments 2025-02-28 09264444 frs-core:ProvisionsForImpairmentInvestments 2026-02-28 09264444 frs-bus:Director1 2025-03-01 2026-02-28 09264444 frs-countries:EnglandWales 2025-03-01 2026-02-28 09264444 2024-02-29 09264444 2025-02-28 09264444 2024-03-01 2025-02-28 09264444 frs-core:CurrentFinancialInstruments 2025-02-28 09264444 frs-core:CapitalRedemptionReserve 2025-02-28 09264444 frs-core:ShareCapital 2025-02-28 09264444 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28
Registered number: 09264444
Farm Direct Limited
Unaudited Financial Statements
For The Year Ended 28 February 2026
Farm Direct Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Farm Direct Limited
Balance Sheet
As At 28 February 2026
Balance Sheet
Registered number: 09264444

| 2026 | 2025
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 9 |  | 304
Investments | 5 |  | 150 |  | 150
|  |  | 159 |  | 454
CURRENT ASSETS
Debtors | 6 | (648 ) |  | 1,901 |
Cash at bank and in hand |  | 172,034 |  | 181,043 |
|  | 171,386 |  | 182,944 |
Creditors: Amounts Falling Due Within One Year | 7 | (36,415 ) |  | (68,566 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 134,971 |  | 114,378
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 135,130 |  | 114,832
NET ASSETS |  |  | 135,130 |  | 114,832
CAPITAL AND RESERVES
Called up share capital | 8 |  | 240 |  | 240
Capital redemption reserve |  |  | 60 |  | 60
Profit and Loss Account |  |  | 134,830 |  | 114,532
SHAREHOLDERS' FUNDS |  |  | 135,130 |  | 114,832

Page 1
Page 2
Farm Direct Limited
Balance Sheet (continued)
As At 28 February 2026
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 member has 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.
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 Profit and Loss Account.
On behalf of the board

Mr James Kay Director
04/06/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Farm Direct Limited
Notes to the Financial Statements
For The Year Ended 28 February 2026
Notes to the Financial Statements
1. General Information
Farm Direct Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09264444 . The registered office is The Counting House, 9 High Street, Tring, Hertfordshire, HP23 5TE.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:

Plant & Machinery | 33% straight line

2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
Farm Direct Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2026
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2025: 3)
3 3
4. Tangible Assets

| Plant & Machinery
--- | ---
| £
Cost
As at 1 March 2025 | 3,517
As at 28 February 2026 | 3,517
Depreciation
As at 1 March 2025 | 3,213
Provided during the period | 295
As at 28 February 2026 | 3,508
Net Book Value
As at 28 February 2026 | 9
As at 1 March 2025 | 304

5. Investments

| Joint Ventures
--- | ---
| £
Cost or Valuation
As at 1 March 2025 | 150
As at 28 February 2026 | 150
Provision
As at 1 March 2025 | -
As at 28 February 2026 | -
Net Book Value
As at 28 February 2026 | 150
As at 1 March 2025 | 150

6. Debtors

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | (8,151 ) |  | 126
Prepayments and accrued income | 5,674 |  | -
Other debtors | 901 |  | 301
VAT | 928 |  | 1,474
| (648 ) |  | 1,901

Page 4
Page 5
Farm Direct Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2026
7. Creditors: Amounts Falling Due Within One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Trade creditors | 5,014 |  | (282 )
Corporation tax | 5,482 |  | 55,626
Other taxes and social security | 7,139 |  | 5,633
Other creditors | 715 |  | 51
Accruals and deferred income | 18,065 |  | 7,538
| 36,415 |  | 68,566

8. Share Capital

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 240 |  | 240

9. Related Party Transactions
Purchases from Related Company (Three Farms Export (PTY) Ltd)
The company purchased goods from Three Farms Export (PTY) Ltd, a company under common control, totalling £1,635,998.31 during the year. Transactions were carried out in the normal course of business and at standard market prices.
At year-end, £0.00 was outstanding and included within trade creditors.
Page 5