GJG FARMING LIMITED

Company Registration Number:
11717245 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2023

Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

GJG FARMING LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

GJG FARMING LIMITED

Company Information

for the Period Ended 31 January 2023




Director: Graham J Greaves
Registered office: Clifton Grange Farm
36 Worksop Road
Thorpe Salvin
Worksop
England
S80 3JU
Company Registration Number: 11717245 (England and Wales)

GJG FARMING LIMITED

Directors' Report Period Ended 31 January 2023

The directors present their report with the financial statements of the company for the period ended 31 January 2023

Principal Activities

The principal activity of the company is the operation of a farm business, mainly focused on arable crops and grass for animal feed.

Additional information

The director considers that the results of trading for the year and the financial position at the year end were satisfactory.

Directors

The directors shown below have held office during the whole of the period from 01 February 2022 to 31 January 2023
Graham J Greaves

This report was approved by the board of directors on 18 October 2023
And Signed On Behalf Of The Board By:

Name: Graham J Greaves
Status: Director

GJG FARMING LIMITED

Profit and Loss Account

for the Period Ended 31 January 2023


Notes

2023
£

2022
£
Turnover 31,890 15,375
Cost of sales ( 19,692 ) ( 12,217 )
Gross Profit or (Loss) 12,198 3,158
Administrative Expenses ( 26,464 ) ( 1,590 )
Operating Profit or (Loss) ( 14,266 ) 1,568
Interest Receivable and Similar Income 2,215 563
Profit or (Loss) Before Tax ( 12,051 ) 2,131
Profit or (Loss) for Period ( 12,051 ) 2,131

The notes form part of these financial statements

GJG FARMING LIMITED

Balance sheet

As at 31 January 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 73,459 38,771
Total fixed assets: 73,459 38,771
Current assets
Stocks: 28,514 9,626
Debtors: 5 46,639 45,613
Cash at bank and in hand: 31,434 33,678
Total current assets: 106,587 88,917
Prepayments and accrued income: 1,254 1,354
Creditors: amounts falling due within one year: 6 ( 164,152 ) ( 98,960 )
Net current assets (liabilities): ( 56,311 ) ( 8,689 )
Total assets less current liabilities: 17,148 30,082
Creditors: amounts falling due after more than one year: 7 ( 32,449 ) ( 32,449 )
Accruals and deferred income: ( 863 ) ( 1,746 )
Total net assets (liabilities): ( 16,164 ) ( 4,113 )

The notes form part of these financial statements

GJG FARMING LIMITED

Balance sheet continued

As at 31 January 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: ( 16,165 ) ( 4,114 )
Shareholders funds: ( 16,164 ) ( 4,113 )

For the year ending 31 January 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 18 October 2023
And Signed On Behalf Of The Board By:

Name: Graham J Greaves
Status: Director

The notes form part of these financial statements

GJG FARMING LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    The financial statements have been prepared under the historical cost convention.

    Turnover policy

    Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

    Tangible fixed assets depreciation policy

    Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over the useful economic life as follows;
    Asset class - Equipment - Plant & Machinery
    Depreciation method & rate - ranging from 10% to 20% straight line

    Valuation information and policy

    Stock is valued at the lower of cost and net realisable value, after taking due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

GJG FARMING LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

GJG FARMING LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 3. Off balance sheet disclosure

    No

GJG FARMING LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Tangible assets

Plant & machinery Total
Cost £ £
At 01 February 2022 57,410 57,410
Additions 51,510 51,510
Disposals - -
Revaluations - -
Transfers - -
At 31 January 2023 108,920 108,920
Depreciation
At 01 February 2022 18,639 18,639
Charge for year 16,822 16,822
On disposals - -
Other adjustments - -
At 31 January 2023 35,461 35,461
Net book value
At 31 January 2023 73,459 73,459
At 31 January 2022 38,771 38,771

GJG FARMING LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

5. Debtors


2023
£

2022
£
Other debtors 46,639 45,613
Total 46,639 45,613

GJG FARMING LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Trade creditors 18,360
Other creditors 145,792 98,960
Total 164,152 98,960

GJG FARMING LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

7.Creditors: amounts falling due after more than one year


2023
£

2022
£
Other creditors 32,449 32,449
Total 32,449 32,449