Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mrs H L Bodman 03/03/2005 Mr J R Bodman 03/03/2005 Mrs H L Bodman 13 October 2023 The principal activity of the company is farming activities in the raising of swine/pigs. 05376760 2023-03-31 05376760 bus:Director1 2023-03-31 05376760 bus:Director2 2023-03-31 05376760 2022-03-31 05376760 core:CurrentFinancialInstruments 2023-03-31 05376760 core:CurrentFinancialInstruments 2022-03-31 05376760 core:Non-currentFinancialInstruments 2023-03-31 05376760 core:Non-currentFinancialInstruments 2022-03-31 05376760 core:ShareCapital 2023-03-31 05376760 core:ShareCapital 2022-03-31 05376760 core:RetainedEarningsAccumulatedLosses 2023-03-31 05376760 core:RetainedEarningsAccumulatedLosses 2022-03-31 05376760 core:Goodwill 2022-03-31 05376760 core:Non-standardIntangibleAssetClass3ComponentIntangibleAssetsOtherThanGoodwill 2022-03-31 05376760 core:Goodwill 2023-03-31 05376760 core:Non-standardIntangibleAssetClass3ComponentIntangibleAssetsOtherThanGoodwill 2023-03-31 05376760 core:LandBuildings 2022-03-31 05376760 core:PlantMachinery 2022-03-31 05376760 core:FurnitureFittings 2022-03-31 05376760 core:OtherPropertyPlantEquipment 2022-03-31 05376760 core:LandBuildings 2023-03-31 05376760 core:PlantMachinery 2023-03-31 05376760 core:FurnitureFittings 2023-03-31 05376760 core:OtherPropertyPlantEquipment 2023-03-31 05376760 2022-04-01 2023-03-31 05376760 bus:FullAccounts 2022-04-01 2023-03-31 05376760 bus:SmallEntities 2022-04-01 2023-03-31 05376760 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 05376760 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05376760 bus:Director1 2022-04-01 2023-03-31 05376760 bus:Director2 2022-04-01 2023-03-31 05376760 bus:CompanySecretary1 2022-04-01 2023-03-31 05376760 core:Goodwill core:TopRangeValue 2022-04-01 2023-03-31 05376760 core:Non-standardIntangibleAssetClass3ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2022-04-01 2023-03-31 05376760 core:PlantMachinery 2022-04-01 2023-03-31 05376760 core:FurnitureFittings 2022-04-01 2023-03-31 05376760 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-04-01 2023-03-31 05376760 2021-04-01 2022-03-31 05376760 core:Goodwill 2022-04-01 2023-03-31 05376760 core:Non-standardIntangibleAssetClass3ComponentIntangibleAssetsOtherThanGoodwill 2022-04-01 2023-03-31 05376760 core:LandBuildings 2022-04-01 2023-03-31 05376760 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 05376760 (England and Wales)

J R BODMAN LIMITED

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

J R BODMAN LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

J R BODMAN LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2023
J R BODMAN LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTORS Mrs H L Bodman
Mr J R Bodman
SECRETARY Mrs H L Bodman
REGISTERED OFFICE Hitchcock House Hilltop Park
Devizes Road
Salisbury
SP3 4UF
United Kingdom
COMPANY NUMBER 05376760 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Hitchcock House
Hilltop Park
Devizes Road
Salisbury
Wiltshire SP3 4UF
J R BODMAN LIMITED

BALANCE SHEET

As at 31 March 2023
J R BODMAN LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 10,000 15,000
Tangible assets 4 4,415,818 4,240,263
Investments 90 90
4,425,908 4,255,353
Current assets
Stocks 5 909,305 719,264
Debtors 6 141,930 51,674
1,051,235 770,938
Creditors: amounts falling due within one year 7 ( 1,301,817) ( 1,332,925)
Net current liabilities (250,582) (561,987)
Total assets less current liabilities 4,175,326 3,693,366
Creditors: amounts falling due after more than one year 8 ( 1,855,458) ( 1,947,529)
Provision for liabilities ( 480,204) ( 436,117)
Net assets 1,839,664 1,309,720
Capital and reserves
Called-up share capital 100 100
Profit and loss account 1,839,564 1,309,620
Total shareholders' funds 1,839,664 1,309,720

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 financial statements of J R Bodman Limited (registered number: 05376760) were approved and authorised for issue by the Board of Directors on 13 October 2023. They were signed on its behalf by:

Mrs H L Bodman
Director
Mr J R Bodman
Director
J R BODMAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
J R BODMAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 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

J R Bodman 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 Hitchcock House Hilltop Park, Devizes Road, Salisbury, SP3 4UF, United Kingdom.

The principal place of business is: Windesmere Farm, Cheverall Road, Worton, Devizes, Wiltshire, SN10 5UN

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.

Turnover

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. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when: The amount of revenue can be 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
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Acquired goodwill is written off in equal annual installments over its estimated useful economic life.

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date if the fair value can be measured reliably.

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Goodwill 20 years straight line
Entitlements 5 years straight line
Tangible fixed 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 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:

Land and buildings not depreciated
Plant and machinery 5 - 10 % reducing balance
Fixtures and fittings 5 % reducing balance
Other property, plant and equipment 20 years straight line
Leases

The Company as lessee
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Financial instruments

The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic. The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 15 8

3. Intangible assets

Goodwill Entitlements Total
£ £ £
Cost
At 01 April 2022 100,000 5,127 105,127
Disposals 0 ( 200) ( 200)
At 31 March 2023 100,000 4,927 104,927
Accumulated amortisation
At 01 April 2022 85,000 5,127 90,127
Charge for the financial year 5,000 0 5,000
Disposals 0 ( 200) ( 200)
At 31 March 2023 90,000 4,927 94,927
Net book value
At 31 March 2023 10,000 0 10,000
At 31 March 2022 15,000 0 15,000

4. Tangible assets

Land and buildings Plant and machinery Fixtures and fittings Other property, plant
and equipment
Total
£ £ £ £ £
Cost
At 01 April 2022 1,851,168 2,560,948 1,201,530 118,847 5,732,493
Additions 0 389,012 30,678 0 419,690
Disposals 0 ( 92,200) 0 0 ( 92,200)
At 31 March 2023 1,851,168 2,857,760 1,232,208 118,847 6,059,983
Accumulated depreciation
At 01 April 2022 0 1,085,401 365,225 41,604 1,492,230
Charge for the financial year 0 134,288 43,351 5,944 183,583
Disposals 0 ( 31,648) 0 0 ( 31,648)
At 31 March 2023 0 1,188,041 408,576 47,548 1,644,165
Net book value
At 31 March 2023 1,851,168 1,669,719 823,632 71,299 4,415,818
At 31 March 2022 1,851,168 1,475,547 836,305 77,243 4,240,263

5. Stocks

2023 2022
£ £
Stocks 909,305 719,264

6. Debtors

2023 2022
£ £
Trade debtors 113,766 33,325
Prepayments 4,304 4,279
VAT recoverable 23,860 14,070
141,930 51,674

7. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans and overdrafts 548,739 635,249
Trade creditors 430,584 476,414
Amounts owed to directors 141,206 144,296
Accruals 8,347 5,873
Taxation and social security 91,485 20,308
Obligations under finance leases and hire purchase contracts 70,007 42,432
Other creditors 11,449 8,353
1,301,817 1,332,925

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

2023 2022
£ £
Bank loans 1,719,568 1,886,744
Obligations under finance leases and hire purchase contracts 135,890 60,785
1,855,458 1,947,529