Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3142022-04-01falseNo description of principal activity4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC596414 2022-04-01 2023-03-31 SC596414 2021-04-01 2022-03-31 SC596414 2023-03-31 SC596414 2022-03-31 SC596414 c:Director1 2022-04-01 2023-03-31 SC596414 c:Director2 2022-04-01 2023-03-31 SC596414 c:RegisteredOffice 2022-04-01 2023-03-31 SC596414 d:Buildings 2022-04-01 2023-03-31 SC596414 d:Buildings 2023-03-31 SC596414 d:Buildings 2022-03-31 SC596414 d:Buildings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC596414 d:PlantMachinery 2022-04-01 2023-03-31 SC596414 d:PlantMachinery 2023-03-31 SC596414 d:PlantMachinery 2022-03-31 SC596414 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC596414 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC596414 d:CurrentFinancialInstruments 2023-03-31 SC596414 d:CurrentFinancialInstruments 2022-03-31 SC596414 d:Non-currentFinancialInstruments 2023-03-31 SC596414 d:Non-currentFinancialInstruments 2022-03-31 SC596414 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC596414 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 SC596414 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 SC596414 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 SC596414 d:ShareCapital 2023-03-31 SC596414 d:ShareCapital 2022-03-31 SC596414 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC596414 d:RetainedEarningsAccumulatedLosses 2022-03-31 SC596414 c:OrdinaryShareClass1 2022-04-01 2023-03-31 SC596414 c:OrdinaryShareClass1 2023-03-31 SC596414 c:OrdinaryShareClass1 2022-03-31 SC596414 c:FRS102 2022-04-01 2023-03-31 SC596414 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 SC596414 c:FullAccounts 2022-04-01 2023-03-31 SC596414 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC596414 4 2023-03-31 SC596414 4 2022-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC596414










BACKHILL FARMING LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

 
BACKHILL FARMING LIMITED
 

COMPANY INFORMATION


DIRECTORS
Richard Stephen 
Patrick Stephen 




REGISTERED NUMBER
SC596414



REGISTERED OFFICE
Westby
64 West High Street

Forfar

Angus

DD8 1BJ




ACCOUNTANTS
EQ Accountants LLP
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
BACKHILL FARMING LIMITED
REGISTERED NUMBER: SC596414

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
926,402
937,392

Investments
 5 
100
100

  
926,502
937,492

CURRENT ASSETS
  

Stocks
  
202,410
220,528

Debtors: amounts falling due within one year
 6 
44,039
97,726

  
246,449
318,254

Creditors: amounts falling due within one year
 7 
(529,778)
(640,307)

NET CURRENT LIABILITIES
  
 
 
(283,329)
 
 
(322,053)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
643,173
615,439

Creditors: amounts falling due after more than one year
 8 
(343,330)
(387,785)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(42,232)
(43,782)

  
 
 
(42,232)
 
 
(43,782)

NET ASSETS
  
257,611
183,872


CAPITAL AND RESERVES
  

Called up share capital 
 9 
100
100

Profit and loss account
  
257,511
183,772

  
257,611
183,872


Page 1

 
BACKHILL FARMING LIMITED
REGISTERED NUMBER: SC596414

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 September 2023.





Richard Stephen
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BACKHILL FARMING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


GENERAL INFORMATION

Backhill Farming Limited is a private company, limited by shares, incorporated in Scotland with registration number SC596414. The registered office is Westby, 64 West High Street, Forfar, DD8 1BJ.  The principle place of business is Backhill, Auchterless, Turiff.

The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
BACKHILL FARMING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.ACCOUNTING POLICIES (CONTINUED)


2.3
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Tenants improvements
-
5%
straight line
Plant and machinery
-
13%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

PROVISIONS FOR LIABILITIES

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

 
2.6

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).

Page 4

 
BACKHILL FARMING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


TANGIBLE FIXED ASSETS





Tenants improvements
Plant and machinery
Total

£
£
£



COST OR VALUATION


At 1 April 2022
1,139,666
14,064
1,153,730


Additions
20,167
32,000
52,167



At 31 March 2023

1,159,833
46,064
1,205,897



DEPRECIATION


At 1 April 2022
211,592
4,746
216,338


Charge for the year on owned assets
57,991
5,166
63,157



At 31 March 2023

269,583
9,912
279,495



NET BOOK VALUE



At 31 March 2023
890,250
36,152
926,402



At 31 March 2022
928,074
9,318
937,392


5.


FIXED ASSET INVESTMENTS





Trade investments

£





At 1 April 2022
100






NET BOOK VALUE



At 31 March 2023
100



At 31 March 2022
100

Page 5

 
BACKHILL FARMING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


DEBTORS

2023
2022
£
£


Trade debtors
29,056
69,892

Other debtors
14,983
23,391

Prepayments and accrued income
-
4,443

44,039
97,726



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Bank overdrafts
118,135
222,061

Bank loans
41,753
57,002

Other loans
269,900
269,900

Trade creditors
81,571
77,945

Other taxation and social security
-
1,312

Accruals and deferred income
18,419
12,087

529,778
640,307



8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
2022
£
£

Bank loans
343,330
387,785

343,330
387,785



9.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



Page 6