Silverfin false 31/01/2023 01/02/2022 31/01/2023 Mr R Haddy 18/01/2012 Mrs J Haddy 18/01/2012 19 October 2023 The principal activity of the company is retail sale of food through a farm shop and café. 07914207 2023-01-31 07914207 bus:Director1 2023-01-31 07914207 bus:Director2 2023-01-31 07914207 2022-01-31 07914207 core:CurrentFinancialInstruments 2023-01-31 07914207 core:CurrentFinancialInstruments 2022-01-31 07914207 core:ShareCapital 2023-01-31 07914207 core:ShareCapital 2022-01-31 07914207 core:RetainedEarningsAccumulatedLosses 2023-01-31 07914207 core:RetainedEarningsAccumulatedLosses 2022-01-31 07914207 core:LandBuildings 2022-01-31 07914207 core:PlantMachinery 2022-01-31 07914207 core:Vehicles 2022-01-31 07914207 core:LandBuildings 2023-01-31 07914207 core:PlantMachinery 2023-01-31 07914207 core:Vehicles 2023-01-31 07914207 bus:OrdinaryShareClass1 2023-01-31 07914207 bus:OrdinaryShareClass2 2023-01-31 07914207 bus:OrdinaryShareClass3 2023-01-31 07914207 bus:OrdinaryShareClass4 2023-01-31 07914207 bus:OrdinaryShareClass5 2023-01-31 07914207 bus:OtherShareClass1 2023-01-31 07914207 2022-02-01 2023-01-31 07914207 bus:FullAccounts 2022-02-01 2023-01-31 07914207 bus:SmallEntities 2022-02-01 2023-01-31 07914207 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 07914207 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 07914207 bus:Director1 2022-02-01 2023-01-31 07914207 bus:Director2 2022-02-01 2023-01-31 07914207 core:LandBuildings core:TopRangeValue 2022-02-01 2023-01-31 07914207 core:PlantMachinery 2022-02-01 2023-01-31 07914207 core:Vehicles core:TopRangeValue 2022-02-01 2023-01-31 07914207 2021-02-01 2022-01-31 07914207 core:LandBuildings 2022-02-01 2023-01-31 07914207 core:Vehicles 2022-02-01 2023-01-31 07914207 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 07914207 bus:OrdinaryShareClass1 2021-02-01 2022-01-31 07914207 bus:OrdinaryShareClass2 2022-02-01 2023-01-31 07914207 bus:OrdinaryShareClass2 2021-02-01 2022-01-31 07914207 bus:OrdinaryShareClass3 2022-02-01 2023-01-31 07914207 bus:OrdinaryShareClass3 2021-02-01 2022-01-31 07914207 bus:OrdinaryShareClass4 2022-02-01 2023-01-31 07914207 bus:OrdinaryShareClass4 2021-02-01 2022-01-31 07914207 bus:OrdinaryShareClass5 2022-02-01 2023-01-31 07914207 bus:OrdinaryShareClass5 2021-02-01 2022-01-31 07914207 bus:OtherShareClass1 2022-02-01 2023-01-31 07914207 bus:OtherShareClass1 2021-02-01 2022-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07914207 (England and Wales)

BOSCASTLE FARM SHOP LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2023
Pages for filing with the registrar

BOSCASTLE FARM SHOP LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2023

Contents

BOSCASTLE FARM SHOP LIMITED

BALANCE SHEET

As at 31 January 2023
BOSCASTLE FARM SHOP LIMITED

BALANCE SHEET (continued)

As at 31 January 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 282,392 308,871
282,392 308,871
Current assets
Stocks 42,650 46,758
Debtors 4 31,446 49,108
Cash at bank and in hand 375,262 319,116
449,358 414,982
Creditors: amounts falling due within one year 5 ( 83,613) ( 104,591)
Net current assets 365,745 310,391
Total assets less current liabilities 648,137 619,262
Provision for liabilities ( 24,233) ( 22,228)
Accruals and deferred income ( 90,026) ( 95,510)
Net assets 533,878 501,524
Capital and reserves
Called-up share capital 6 600 600
Profit and loss account 533,278 500,924
Total shareholders' funds 533,878 501,524

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

Directors' responsibilities:

The financial statements of Boscastle Farm Shop Limited (registered number: 07914207) were approved and authorised for issue by the Director on 19 October 2023. They were signed on its behalf by:

Mr R Haddy
Director
BOSCASTLE FARM SHOP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2023
BOSCASTLE FARM SHOP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Boscastle Farm Shop Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Boscastle Farm Shop, Hillsborough, St Juliot, Boscastle,, Cornwall, PL35 0HH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT. Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. The company recognises revenue when:
The amount of revenue can reliably measured;
It is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings 23 years straight line
Plant and machinery 15 % reducing balance
Vehicles 4 years straight line
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 29 29

3. Tangible assets

Land and buildings Plant and machinery Vehicles Total
£ £ £ £
Cost
At 01 February 2022 275,595 254,255 7,500 537,350
Additions 0 5,670 0 5,670
At 31 January 2023 275,595 259,925 7,500 543,020
Accumulated depreciation
At 01 February 2022 83,713 141,016 3,750 228,479
Charge for the financial year 12,787 17,487 1,875 32,149
At 31 January 2023 96,500 158,503 5,625 260,628
Net book value
At 31 January 2023 179,095 101,422 1,875 282,392
At 31 January 2022 191,882 113,239 3,750 308,871

4. Debtors

2023 2022
£ £
Trade debtors 0 984
Other debtors 31,446 48,124
31,446 49,108

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 14,096 26,227
Taxation and social security 64,169 70,496
Other creditors 5,348 7,868
83,613 104,591

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary A Shares of £1 each shares of £ 1.00 each 100 100
100 Ordinary B Shares of £1 each shares of £ 1.00 each 100 100
100 Ordinary C Shares of £1 each shares of £ 1.00 each 100 100
100 Ordinary D Shares of £1 each shares of £ 1.00 each 100 100
100 Ordinary E Shares of £1 each shares of £ 1.00 each 100 100
100 Ordinary shares of £1 each shares of £ 1.00 each 100 100
600 600

7. Financial commitments

Commitments

The total amount of financial commitments not included in the balance sheet is £93,951 (2022 - £98,222).

8. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Balance brought forward (47,400) (7,911)
Advances to director (71,095) (129,789)
Repayments by director 98,000 90,000
Interest charged on loan account (850) 0
Balance carried forward (21,345) (47,400)

Other related party transactions

2023 2022
£ £
Advances to shareholder in form of a loan (53,000) 0
Repayments by shareholder 45,000 0
Interest charged on loan (124) 0
Balance carried forward (8,124) 0