Farmtrac Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00752692

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

FARMTRAC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C A Lock

Mrs V Assinder

Mrs J Park

Mrs V Stokes

SECRETARY:

REGISTERED OFFICE:

81 North Road

Yate

Bristol

BS37 5PS

REGISTERED NUMBER:

00752692

ACCOUNTANTS:

Whittaker Gregory & Co Ltd

Brick House

21 Horse Steet

Chipping Sodbury

Bristol

BS37 6DA

FIXED ASSETS

Tangible assets

4

203,190

CURRENT ASSETS

Debtors

5

(13,756

)

(18,423

)

CREDITORS

Amounts falling due within one year

6

27,143

20,917

NET CURRENT LIABILITIES

(40,899

)

(39,340

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

162,291

163,850

CAPITAL AND RESERVES

Called up share capital

21,756

Retained earnings

140,535

142,094

162,291

163,850

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 28 December 2021 and were signed on its behalf by:

Mrs V Stokes - Director

1.	STATUTORY INFORMATION

Farmtrac Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2020

and 31 March 2021

203,190

NET BOOK VALUE

At 31 March 2021

203,190

At 31 March 2020

203,190

5.

DEBTORS

2021

2020

£

Amounts falling due within one year:

Trade debtors

12,900

Other debtors

1,133

14,033

Amounts falling due after more than one year:

Other debtors

(27,789

)

(32,456

)

Aggregate amounts

(13,756

)

(18,423

)

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

Trade creditors

707

708

Taxation and social security

18,596

13,019

Other creditors

7,840

7,190

27,143

20,917

Farmtrac Limited - Accounts to registrar (filleted) - small 18.2

Farmtrac Limited - Accounts to registrar (filleted) - small 18.2