A & JM Bunting Limited 06748903 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is dairy farming Digita Accounts Production Advanced 6.30.9574.0 true 06748903 2022-04-01 2023-03-31 06748903 2023-03-31 06748903 core:RetainedEarningsAccumulatedLosses 2023-03-31 06748903 core:ShareCapital 2023-03-31 06748903 core:CurrentFinancialInstruments 2023-03-31 06748903 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 06748903 core:FurnitureFittingsToolsEquipment 2023-03-31 06748903 core:LandBuildings 2023-03-31 06748903 core:OtherPropertyPlantEquipment 2023-03-31 06748903 bus:SmallEntities 2022-04-01 2023-03-31 06748903 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 06748903 bus:FullAccounts 2022-04-01 2023-03-31 06748903 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 06748903 bus:RegisteredOffice 2022-04-01 2023-03-31 06748903 bus:Director1 2022-04-01 2023-03-31 06748903 bus:Director2 2022-04-01 2023-03-31 06748903 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06748903 core:Buildings 2022-04-01 2023-03-31 06748903 core:ComputerEquipment 2022-04-01 2023-03-31 06748903 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 06748903 core:LandBuildings 2022-04-01 2023-03-31 06748903 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 06748903 core:PlantMachinery 2022-04-01 2023-03-31 06748903 countries:UnitedKingdom 2022-04-01 2023-03-31 06748903 2022-03-31 06748903 core:FurnitureFittingsToolsEquipment 2022-03-31 06748903 core:LandBuildings 2022-03-31 06748903 core:OtherPropertyPlantEquipment 2022-03-31 06748903 2021-04-01 2022-03-31 06748903 2022-03-31 06748903 core:RetainedEarningsAccumulatedLosses 2022-03-31 06748903 core:ShareCapital 2022-03-31 06748903 core:CurrentFinancialInstruments 2022-03-31 06748903 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 06748903 core:FurnitureFittingsToolsEquipment 2022-03-31 06748903 core:LandBuildings 2022-03-31 06748903 core:OtherPropertyPlantEquipment 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 06748903

A & JM Bunting Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

A & JM Bunting Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

A & JM Bunting Limited

Company Information

Directors

Mr A Bunting

Mrs J M Bunting

Registered office

The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

Accountants

Coates and Partners Limited
Chartered Accountants
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

 

A & JM Bunting Limited

(Registration number: 06748903)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

103,753

108,385

Current assets

 

Stocks

94,119

237,065

Debtors

5

167,318

52,105

Cash at bank and in hand

 

159,475

30,104

 

420,912

319,274

Creditors: Amounts falling due within one year

6

(79,444)

(106,401)

Net current assets

 

341,468

212,873

Total assets less current liabilities

 

445,221

321,258

Provisions for liabilities

(22,567)

(17,813)

Net assets

 

422,654

303,445

Capital and reserves

 

Allotted, called up and fully paid share capital

102

102

Profit and loss account

422,552

303,343

 

422,654

303,445

Total equity

 

422,654

303,445

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

A & JM Bunting Limited

(Registration number: 06748903)
Balance Sheet as at 31 March 2023 (continued)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.

Approved and authorised by the Board on 29 September 2023 and signed on its behalf by:
 

.........................................
Mr A Bunting
Director

   
     
 

A & JM Bunting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital incorporated in United Kingdom registration number: 06748903.

The address of its registered office is:
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP
England

These financial statements were authorised for issue by the Board on 29 September 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency is £ sterling.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Buildings

5% straight line basis

 

A & JM Bunting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

2

Accounting policies (continued)

Plant and machinery

15% reducing balance

Computer equipment

33% straight line basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Biological assets, living plants and animals are included at the lower of cost and estimated selling price less costs to sell. Cost is determined on a first in first out basis, net realisable value is based on estimated selling price, less any costs which may arise on realisation. Purchased livestock is valued at cost of purchase plus costs of rearing to the valuation date or to maturity, if earlier. Livestock which is homebred, farm reared or acquired some time before maturity and matured on the farm is valued at deemed cost at the following rates: cattle and sheep 60% and 75% of open market value, herds and flocks on herd basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 4).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2022

22,979

1,337

276,582

300,898

Additions

-

-

27,150

27,150

Disposals

-

-

(38,625)

(38,625)

At 31 March 2023

22,979

1,337

265,107

289,423

Depreciation

At 1 April 2022

8,346

1,143

183,024

192,513

Charge for the year

1,149

65

11,959

13,173

Eliminated on disposal

-

-

(20,016)

(20,016)

At 31 March 2023

9,495

1,208

174,967

185,670

Carrying amount

At 31 March 2023

13,484

129

90,140

103,753

At 31 March 2022

14,633

194

93,558

108,385

 

A & JM Bunting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

5

Debtors

Current

2023
£

2022
£

Trade debtors

18,433

40,803

Prepayments

4,634

4,883

Other debtors

144,251

6,419

 

167,318

52,105

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

10,740

22,304

Taxation and social security

59,395

28,394

Accruals and deferred income

4,520

5,534

Other creditors

4,789

50,169

79,444

106,401

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2022 - £64,000).

8

Related party transactions

Other transactions with directors

During the year the company advanced £116,509 to the directors. £8,243 was repaid prior to 31 March 2023 and the maximum amount outstanding during the year was £116,509. The loan was repayable on demand and was subject to interest charged at a rate of 2% per annum.