REGISTERED NUMBER: 04142476 (England and Wales)

JPR FARM DIRECT LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

5

DIRECTORS:

P A Furness

J A Furness

SECRETARY:

J A Furness

REGISTERED OFFICE:

Cartledge House Farm

Great Hucklow

Buxton

Derbyshire

SK17 8RG

REGISTERED NUMBER:

04142476 (England and Wales)

ACCOUNTANTS:

Ian R Collins & Co

Chartered Accountants

The Bridge House

Dronfield

S18 2XL

FIXED ASSETS

Tangible assets

4

44,846

51,096

CURRENT ASSETS

Stocks

18,312

15,495

Debtors

5

3,423

3,626

Cash at bank

20,194

27,259

41,929

46,380

CREDITORS

Amounts falling due within one year

6

(11,980

)

(15,106

)

NET CURRENT ASSETS

29,949

31,274

TOTAL ASSETS LESS CURRENT LIABILITIES

74,795

82,370

PROVISIONS FOR LIABILITIES

(8,521

)

(9,708

)

NET ASSETS

66,274

72,662

CAPITAL AND RESERVES

Called up share capital

666

666

Share premium

(3,016

)

(3,016

)

Retained earnings

68,624

75,012

SHAREHOLDERS' FUNDS

66,274

72,662

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2023 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 24th August 2023 and were signed on its behalf by:

P A Furness - Director

J A Furness - Director

1.	STATUTORY INFORMATION

JPR Farm Direct Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

10% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants

Government grants shall be recognised in the profit and loss account so as to match them with the expenditure towards which they are intended to contribute.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st February 2022

60,046

1,640

21,000

4,203

86,889

Additions

441

-

-

-

441

At 31st January 2023

60,487

1,640

21,000

4,203

87,330

DEPRECIATION

At 1st February 2022

11,383

489

21,000

2,921

35,793

Charge for year

5,810

277

-

604

6,691

At 31st January 2023

17,193

766

21,000

3,525

42,484

NET BOOK VALUE

At 31st January 2023

43,294

874

-

678

44,846

At 31st January 2022

48,663

1,151

-

1,282

51,096

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

84

2,747

Other debtors

3,339

879

3,423

3,626

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

197

763

Trade creditors

5,516

3,461

Taxation and social security

878

5,125

Other creditors

5,389

5,757

11,980

15,106

7.	ULTIMATE CONTROLLING PARTY

P A Furness and J A Furness have equal control of the Company.

8.	CONTROLLING INTEREST

The company was under the control of P A Furness and J A Furness throughout the current and preceding year.