2022-02-012023-01-312023-01-31false01294347E. G. FASHAM (FARMS) LIMITED2023-09-05iso4217:GBPxbrli:pure012943472022-02-01012943472023-01-31012943472022-02-012023-01-31012943472021-02-01012943472022-01-31012943472021-02-012022-01-3101294347bus:SmallEntities2022-02-012023-01-3101294347bus:AuditExempt-NoAccountantsReport2022-02-012023-01-3101294347bus:FullAccounts2022-02-012023-01-3101294347bus:PrivateLimitedCompanyLtd2022-02-012023-01-3101294347core:WithinOneYear2023-01-3101294347core:AfterOneYear2023-01-3101294347core:WithinOneYear2022-01-3101294347core:AfterOneYear2022-01-3101294347core:ShareCapital2023-01-3101294347core:SharePremium2023-01-3101294347core:RevaluationReserve2023-01-3101294347core:OtherReservesSubtotal2023-01-3101294347core:RetainedEarningsAccumulatedLosses2023-01-3101294347core:ShareCapital2022-01-3101294347core:SharePremium2022-01-3101294347core:RevaluationReserve2022-01-3101294347core:OtherReservesSubtotal2022-01-3101294347core:RetainedEarningsAccumulatedLosses2022-01-3101294347core:LandBuildings2023-01-3101294347core:PlantMachinery2023-01-3101294347core:Vehicles2023-01-3101294347core:FurnitureFittings2023-01-3101294347core:OfficeEquipment2023-01-3101294347core:NetGoodwill2023-01-3101294347core:IntangibleAssetsOtherThanGoodwill2023-01-3101294347core:ListedExchangeTraded2023-01-3101294347core:UnlistedNon-exchangeTraded2023-01-3101294347core:LandBuildings2022-01-3101294347core:PlantMachinery2022-01-3101294347core:Vehicles2022-01-3101294347core:FurnitureFittings2022-01-3101294347core:OfficeEquipment2022-01-3101294347core:NetGoodwill2022-01-3101294347core:IntangibleAssetsOtherThanGoodwill2022-01-3101294347core:ListedExchangeTraded2022-01-3101294347core:UnlistedNon-exchangeTraded2022-01-3101294347core:LandBuildings2022-02-012023-01-3101294347core:PlantMachinery2022-02-012023-01-3101294347core:Vehicles2022-02-012023-01-3101294347core:FurnitureFittings2022-02-012023-01-3101294347core:OfficeEquipment2022-02-012023-01-3101294347core:NetGoodwill2022-02-012023-01-3101294347core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3101294347core:ListedExchangeTraded2022-02-012023-01-3101294347core:UnlistedNon-exchangeTraded2022-02-012023-01-3101294347core:MoreThanFiveYears2022-02-012023-01-3101294347core:Non-currentFinancialInstruments2023-01-3101294347core:Non-currentFinancialInstruments2022-01-3101294347dpl:CostSales2022-02-012023-01-3101294347dpl:DistributionCosts2022-02-012023-01-3101294347dpl:AdministrativeExpenses2022-02-012023-01-3101294347core:LandBuildings2022-02-012023-01-3101294347core:PlantMachinery2022-02-012023-01-3101294347core:Vehicles2022-02-012023-01-3101294347core:FurnitureFittings2022-02-012023-01-3101294347core:OfficeEquipment2022-02-012023-01-3101294347core:NetGoodwill2022-02-012023-01-3101294347core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3101294347dpl:GroupUndertakings2022-02-012023-01-3101294347dpl:ParticipatingInterests2022-02-012023-01-3101294347dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3101294347core:ListedExchangeTraded2022-02-012023-01-3101294347dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3101294347core:UnlistedNon-exchangeTraded2022-02-012023-01-3101294347dpl:CostSales2021-02-012022-01-3101294347dpl:DistributionCosts2021-02-012022-01-3101294347dpl:AdministrativeExpenses2021-02-012022-01-3101294347core:LandBuildings2021-02-012022-01-3101294347core:PlantMachinery2021-02-012022-01-3101294347core:Vehicles2021-02-012022-01-3101294347core:FurnitureFittings2021-02-012022-01-3101294347core:OfficeEquipment2021-02-012022-01-3101294347core:NetGoodwill2021-02-012022-01-3101294347core:IntangibleAssetsOtherThanGoodwill2021-02-012022-01-3101294347dpl:GroupUndertakings2021-02-012022-01-3101294347dpl:ParticipatingInterests2021-02-012022-01-3101294347dpl:GroupUndertakingscore:ListedExchangeTraded2021-02-012022-01-3101294347core:ListedExchangeTraded2021-02-012022-01-3101294347dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-02-012022-01-3101294347core:UnlistedNon-exchangeTraded2021-02-012022-01-3101294347core:NetGoodwill2023-01-3101294347core:IntangibleAssetsOtherThanGoodwill2023-01-3101294347core:LandBuildings2023-01-3101294347core:PlantMachinery2023-01-3101294347core:Vehicles2023-01-3101294347core:FurnitureFittings2023-01-3101294347core:OfficeEquipment2023-01-3101294347core:AfterOneYear2023-01-3101294347core:WithinOneYear2023-01-3101294347core:ListedExchangeTraded2023-01-3101294347core:UnlistedNon-exchangeTraded2023-01-3101294347core:ShareCapital2023-01-3101294347core:SharePremium2023-01-3101294347core:RevaluationReserve2023-01-3101294347core:OtherReservesSubtotal2023-01-3101294347core:RetainedEarningsAccumulatedLosses2023-01-3101294347core:NetGoodwill2022-01-3101294347core:IntangibleAssetsOtherThanGoodwill2022-01-3101294347core:LandBuildings2022-01-3101294347core:PlantMachinery2022-01-3101294347core:Vehicles2022-01-3101294347core:FurnitureFittings2022-01-3101294347core:OfficeEquipment2022-01-3101294347core:AfterOneYear2022-01-3101294347core:WithinOneYear2022-01-3101294347core:ListedExch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E. G. FASHAM (FARMS) LIMITED

Registered Number
01294347
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2023

E. G. FASHAM (FARMS) LIMITED
Company Information
for the year from 1 February 2022 to 31 January 2023

Directors

Mr P J Fasham
Mrs P A Fasham

Registered Address

Beaconsfield
Fulletby
Nr. Horncastle
LN9 6JY

Registered Number

01294347 (England and Wales)
E. G. FASHAM (FARMS) LIMITED
Balance Sheet as at
31 January 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets7469,796436,886
469,796436,886
Current assets
Debtors84,31377,062
Current asset investments242,112220,852
Cash at bank and on hand228,711194,035
475,136491,949
Creditors amounts falling due within one year9(35,193)(34,454)
Net current assets (liabilities)439,943457,495
Total assets less current liabilities909,739894,381
Provisions for liabilities10(14,812)-
Net assets894,927894,381
Capital and reserves
Called up share capital5,0025,002
Share premium25,00025,000
Profit and loss account864,925864,379
Shareholders' funds894,927894,381
The financial statements were approved and authorised for issue by the Board of Directors on 5 September 2023, and are signed on its behalf by:
Mr P J Fasham
Director
Mrs P A Fasham
Director

Registered Company No. 01294347
E. G. FASHAM (FARMS) LIMITED
Notes to the Financial Statements
for the year ended 31 January 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company is farming activities
4.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
5.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Land & building and Fixtures & Fittings are not depreciated in the year

Reducing balance (%)
Plant and machinery15
Vehicles25
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
6.Employee information

20232022
Average number of employees during the year22
7.Property, plant and equipment

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

££££££
Cost or valuation
At 01 February 22503,075139,11411,475106,6975,875766,236
Additions-2,77531,490--34,265
Disposals-(8,400)---(8,400)
At 31 January 23503,075133,48942,965106,6975,875792,101
Depreciation and impairment
At 01 February 22112,322132,66311,34267,3125,711329,350
Charge for year-1,120---1,120
On disposals-(8,165)---(8,165)
At 31 January 23112,322125,61811,34267,3125,711322,305
Net book value
At 31 January 23390,7537,87131,62339,385164469,796
At 31 January 22390,7536,45113339,385164436,886
8.Debtors

2023

2022

££
Trade debtors / trade receivables-73,315
Prepayments and accrued income4,3133,747
Total4,31377,062
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables5,3701,522
Taxation and social security9,56213,611
Other creditors6,1526,080
Accrued liabilities and deferred income14,10913,241
Total35,19334,454
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
10.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)14,812-
Total14,812-