Company Registration No. 03427509 (England and Wales)
Farmer Palmer's Farm Park Limited
Unaudited accounts
for the year ended 31 January 2023
Farmer Palmer's Farm Park Limited
Unaudited accounts
Contents
Farmer Palmer's Farm Park Limited
Company Information
for the year ended 31 January 2023
Directors
Sandra Palmer-Snellin
Philip Palmer
Company Number
03427509 (England and Wales)
Registered Office
Stable House
Organford
Poole
BH16 6EU
Accountants
Prime Entry Ltd
The Office Rose Cottage
Cole Street Lane
Gillingham
Dorset
SP8 5JQ
Farmer Palmer's Farm Park Limited
Statement of financial position
as at 31 January 2023
Tangible assets
707,706
613,100
Cash at bank and in hand
506,326
566,149
Creditors: amounts falling due within one year
(237,044)
(159,198)
Net current assets
335,812
482,684
Total assets less current liabilities
1,121,898
1,174,164
Creditors: amounts falling due after more than one year
(372,771)
(441,336)
Net assets
749,127
732,828
Called up share capital
127
127
Profit and loss account
749,000
732,701
Shareholders' funds
749,127
732,828
For the year ending 31 January 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 17 August 2023 and were signed on its behalf by
Sandra Palmer-Snellin
Director
Company Registration No. 03427509
Farmer Palmer's Farm Park Limited
Notes to the Accounts
for the year ended 31 January 2023
Farmer Palmer's Farm Park Limited is a private company, limited by shares, registered in England and Wales, registration number 03427509. The registered office is Stable House, Organford , Poole, BH16 6EU.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Land & buildings
10% Red, Balance
Plant & machinery
25% Red. Balance
Motor vehicles
25% Red. Balance
Fixtures & fittings
25% Red. Balance
Computer equipment
25% Red. Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Farmer Palmer's Farm Park Limited
Notes to the Accounts
for the year ended 31 January 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 February 2022
597,896
1,012,166
39,500
7,810
77,254
1,734,626
Additions
105,461
67,372
132,153
16,003
6,332
327,321
Disposals
(105,020)
(2,993)
(19,974)
-
-
(127,987)
At 31 January 2023
598,337
1,076,545
151,679
23,813
83,586
1,933,960
At 1 February 2022
158,476
848,705
34,890
7,275
72,180
1,121,526
Charge for the year
23,567
57,526
32,197
4,135
1,583
119,008
On disposals
-
(2,280)
(12,000)
-
-
(14,280)
At 31 January 2023
182,043
903,951
55,087
11,410
73,763
1,226,254
At 31 January 2023
416,294
172,594
96,592
12,403
9,823
707,706
At 31 January 2022
439,420
163,461
4,610
535
5,074
613,100
6
Investments
Subsidiary undertakings
Valuation at 1 February 2022
78,380
Valuation at 31 January 2023
78,380
Amounts falling due within one year
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,001
-
Trade creditors
119,672
39,136
Taxes and social security
54,508
103,270
Other creditors
7,973
3,260
Loans from directors
41,338
6,076
9
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
372,771
441,336
Farmer Palmer's Farm Park Limited
Notes to the Accounts
for the year ended 31 January 2023
10
Average number of employees
During the year the average number of employees was 48 (2022: 48).