Farmappy Ltd - Filleted accounts

Registered number

14618991

Farmappy Ltd

Filleted Accounts

31 January 2026

Farmappy Ltd
Registered number:		14618991
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		31,266			30,241

Current assets
Debtors	4	359			237
Cash at bank and in hand		-			534
		359			771

Creditors: amounts falling due within one year	5	(32,630)			(31,495)

Net current liabilities			(32,271)			(30,724)

Net liabilities			(1,005)			(483)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(1,105)			(583)

Shareholder's funds			(1,005)			(483)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Magnus Betts
Director
Approved by the board on 29 October 2026

Farmappy Ltd
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Amortisation begins when the asset is available for use. App development costs are amortised on a straight-line basis over 3 years.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees	2026		2025
Number			Number

	Average number of persons employed by the company	0		0


3	Intangible fixed assets			£
	App:

	Cost
	At 1 February 2025			30,241
	Additions			1,025
	At 31 January 2026			31,266

	Amortisation
	At 31 January 2026			-

	Net book value
	At 31 January 2026			31,266
	At 31 January 2025			30,241

	The app is still in development and therefore amortisation has not begun as it is not yet available for use. Amortisation will commence when the app is available for use and will be charged on a straight-line basis over 3 years.


4	Debtors	2026		2025
£			£

	Deferred tax asset	259		137
	Called up share capital not paid	100		100
		359		237


5	Creditors: amounts falling due within one year	2026		2025
£			£

	Bank loans and overdrafts	7		-
	Amounts owed to related party	32,263		31,135
	Other creditors	360		360
		32,630		31,495


6	Related party transactions

	During the year the Company received advances of £1,128 (2025: £1,960) from Dexmah Limited, a related party by virtue of common directorship and shareholding with the Company’s director/shareholder, Magnus Betts. The advances are interest-free, unsecured and repayable on demand. The balance outstanding to Dexmah Limited at 31 January 2026 was £32,263 (2025: £31,135), included within creditors: amounts falling due within one year. No guarantees were given or received in respect of these balances.


7	Other information

	Farmappy Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	100 Amity Road
	Reading
	Berkshire
	RG1 3LL