REGISTERED NUMBER: 04638913 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Beechwood Farms Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J.E. Rees

A G Rees

Mrs V L Rees

SECRETARY:

Mrs J.E. Rees

REGISTERED OFFICE:

Moor Farm

Walwyns Castle

HAVERFORDWEST

Pembrokeshire

SA62 3EE

REGISTERED NUMBER:

04638913 (England and Wales)

FIXED ASSETS

Tangible assets

4

920,859

902,864

Investments

5

237,613

256,093

1,158,472

1,158,957

CURRENT ASSETS

Stocks

94,482

129,219

Debtors

6

27,206

35,842

121,688

165,061

CREDITORS

Amounts falling due within one year

7

351,862

469,307

NET CURRENT LIABILITIES

(230,174

)

(304,246

)

TOTAL ASSETS LESS CURRENT LIABILITIES

928,298

854,711

CREDITORS

Amounts falling due after more than one year

8

(219,237

)

(290,716

)

PROVISIONS FOR LIABILITIES

(77,140

)

(73,582

)

NET ASSETS

631,921

490,413

CAPITAL AND RESERVES

Called up share capital

200,060

200,060

Retained earnings

431,861

290,353

SHAREHOLDERS' FUNDS

631,921

490,413

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2023 and were signed on its behalf by:

Mrs J.E. Rees - Director

A G Rees - Director

1.	STATUTORY INFORMATION

Beechwood Farms 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.

Long leasehold

-

Straight line over 25 years

Plant and machinery

-

15% on reducing balance and 5% on cost

Motor vehicles

-

15% on reducing balance

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 Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Long

Plant and

Motor

Computer

leasehold

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2022

371,045

1,045,538

22,045

350

1,438,978

Additions

-

103,383

-

-

103,383

Disposals

-

(24,823

)

-

-

(24,823

)

At 31 March 2023

371,045

1,124,098

22,045

350

1,517,538

DEPRECIATION

At 1 April 2022

113,636

417,164

5,181

133

536,114

Charge for year

13,220

60,655

2,530

72

76,477

Eliminated on disposal

-

(15,912

)

-

-

(15,912

)

At 31 March 2023

126,856

461,907

7,711

205

596,679

NET BOOK VALUE

At 31 March 2023

244,189

662,191

14,334

145

920,859

At 31 March 2022

257,409

628,374

16,864

217

902,864

5.	FIXED ASSET INVESTMENTS

31.3.23

31.3.22

£

£

Other investments not loans

237,613

256,093

Additional information is as follows:

Other

investments

£

COST

At 1 April 2022

and 31 March 2023

47,253

NET BOOK VALUE

At 31 March 2023

47,253

At 31 March 2022

47,253

Investments (neither listed nor unlisted) were as follows:

31.3.23

31.3.22

£

£

Herd Asset Account

190,360

208,840

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

19,221

28,107

Other debtors

107

1,844

VAT

7,878

5,891

27,206

35,842

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans and overdrafts

83,886

103,157

Hire purchase contracts

15,000

15,000

Trade creditors

39,100

44,518

Tax

30,231

17,230

Other creditors

-

2,979

Directors' current accounts

181,070

283,993

Accrued expenses

2,575

2,430

351,862

469,307

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

NatWest Loan

7,364

18,375

NatWest Loan

97,692

125,161

NatWest Loan

94,181

112,180

Hire purchase contracts

20,000

35,000

219,237

290,716

Amounts falling due in more than five years:

Repayable by instalments

NatWest Loan

97,692

125,161

NatWest Loan

94,181

112,180

191,873

237,341