Robertshaw's Farm Shop Limited 08474146 false 2022-02-01 2023-01-31 2023-01-31 The principal activity of the company is Dormant Digita Accounts Production Advanced 6.30.9574.0 true false 08474146 2022-02-01 2023-01-31 08474146 2023-01-31 08474146 bus:OrdinaryShareClass1 2023-01-31 08474146 bus:Revised 2023-01-31 08474146 core:RetainedEarningsAccumulatedLosses 2023-01-31 08474146 core:ShareCapital 2023-01-31 08474146 core:CurrentFinancialInstruments 2023-01-31 08474146 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 08474146 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 08474146 core:FurnitureFittingsToolsEquipment 2023-01-31 08474146 core:LandBuildings 2023-01-31 08474146 core:MotorVehicles 2023-01-31 08474146 core:OfficeEquipment 2023-01-31 08474146 1 2023-01-31 08474146 bus:SmallEntities 2022-02-01 2023-01-31 08474146 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 08474146 bus:FullAccounts 2022-02-01 2023-01-31 08474146 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 08474146 bus:RegisteredOffice 2022-02-01 2023-01-31 08474146 bus:Director1 2022-02-01 2023-01-31 08474146 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 08474146 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 08474146 core:FurnitureFittingsToolsEquipment 2022-02-01 2023-01-31 08474146 core:LandBuildings 2022-02-01 2023-01-31 08474146 core:LeaseholdImprovements 2022-02-01 2023-01-31 08474146 core:MotorVehicles 2022-02-01 2023-01-31 08474146 core:OfficeEquipment 2022-02-01 2023-01-31 08474146 countries:AllCountries 2022-02-01 2023-01-31 08474146 1 2022-02-01 2023-01-31 08474146 2022-01-31 08474146 core:CostValuation 2022-01-31 08474146 core:FurnitureFittingsToolsEquipment 2022-01-31 08474146 core:LandBuildings 2022-01-31 08474146 core:MotorVehicles 2022-01-31 08474146 core:OfficeEquipment 2022-01-31 08474146 1 2022-01-31 08474146 2021-02-01 2022-01-31 08474146 2022-01-31 08474146 bus:OrdinaryShareClass1 2022-01-31 08474146 core:RetainedEarningsAccumulatedLosses 2022-01-31 08474146 core:ShareCapital 2022-01-31 08474146 core:CurrentFinancialInstruments 2022-01-31 08474146 core:CurrentFinancialInstruments core:WithinOneYear 2022-01-31 08474146 core:Non-currentFinancialInstruments core:AfterOneYear 2022-01-31 08474146 core:FurnitureFittingsToolsEquipment 2022-01-31 08474146 core:LandBuildings 2022-01-31 08474146 core:MotorVehicles 2022-01-31 08474146 core:OfficeEquipment 2022-01-31 08474146 1 2022-01-31 08474146 1 2021-02-01 2022-01-31 08474146 1 2021-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08474146

Robertshaw's Farm Shop Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2023

 

Robertshaw's Farm Shop Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Robertshaw's Farm Shop Limited

(Registration number: 08474146)
Balance Sheet as at 31 January 2023

Note

2023

2022

   

£

£

£

£

Fixed assets

   

 

Tangible assets

5

 

1,705,927

 

1,673,626

Investments

6

 

100

 

100

   

1,706,027

 

1,673,726

Current assets

   

 

Stocks

301,872

 

335,152

 

Debtors

7

551,544

 

459,053

 

Cash at bank and in hand

 

365,494

 

720,457

 

 

1,218,910

 

1,514,662

 

Creditors: Amounts falling due within one year

8

(1,332,173)

 

(1,648,449)

 

Net current liabilities

   

(113,263)

 

(133,787)

Total assets less current liabilities

   

1,592,764

 

1,539,939

Creditors: Amounts falling due after more than one year

8

 

(426,164)

 

(434,374)

Provisions for liabilities

 

(129,000)

 

(89,000)

Net assets

   

1,037,600

 

1,016,565

Capital and reserves

   

 

Called up share capital

9

100

 

100

 

Profit and loss account

1,037,500

 

1,016,465

 

Total equity

   

1,037,600

 

1,016,565

 

Robertshaw's Farm Shop Limited

(Registration number: 08474146)
Balance Sheet as at 31 January 2023

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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 October 2023
 

.........................................
J A Robertshaw
Director

 

Robertshaw's Farm Shop Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Keelham Hall Farm
Thornton
Bradford
BD13 3SS

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' including the disclosure and presentation requirements of Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentation currency is pound sterling.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when the significant risks and rewards of ownership have been transferred to the buyer; the company retains no continuing involvement or control over the goods; the amount of revenue can be measured reliably and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current and deferred 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 is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

Robertshaw's Farm Shop Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Tangible 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

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:

Asset class

Depreciation method and rate

Freehold property

2% straight line basis

Furniture, fittings and equipment

10 - 12.5% straight line basis

Office equipment

25 - 33% straight line basis

Motor vehicles

25% straight line basis

Leasehold improvements

33% straight line basis

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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 inventories 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.

Provisions

Provisions are recognised when the company has an obligation at the reporting date 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

 

Robertshaw's Farm Shop Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments


Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss and any subsequent reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year was 162 (2022 - 158).

 

Robertshaw's Farm Shop Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

4

Government grants

During the year the company has received grant income of £nil (2022 - £15,720) in respect of the Coronavirus Job Retention Scheme, £667 (2022 - £28,572) in respect of coronavirus support grants and £nil (2022 - £2,000) in respect of Apprentice Grants.

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Office equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2022

1,278,350

64,904

448,693

96,009

1,887,956

Additions

6,783

-

69,584

100,500

176,867

Disposals

-

-

(2,922)

-

(2,922)

At 31 January 2023

1,285,133

64,904

515,355

196,509

2,061,901

Depreciation

At 1 February 2022

72,032

17,944

98,459

25,895

214,330

Charge for the year

26,463

7,782

73,387

36,565

144,197

Eliminated on disposal

-

-

(2,553)

-

(2,553)

At 31 January 2023

98,495

25,726

169,293

62,460

355,974

Carrying amount

At 31 January 2023

1,186,638

39,178

346,062

134,049

1,705,927

At 31 January 2022

1,206,318

46,960

350,234

70,114

1,673,626

6

Investments

2023
£

2022
£

Investments in subsidiaries

100

100

Subsidiaries

£

Cost or valuation

At 1 February 2022

100

Carrying amount

At 31 January 2023

100

At 31 January 2022

100

 

Robertshaw's Farm Shop Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

7

Debtors

Current

2023
£

2022
£

Trade debtors

18,906

39,725

Amounts owed by group undertakings

55,942

85,986

Prepayments

17,935

10,098

Other debtors

458,761

323,244

 

551,544

459,053

8

Creditors

2023
£

2022
£

Due within one year

Loans and borrowings

105,296

76,291

Trade creditors

943,061

1,228,933

Taxation and social security

77,570

108,190

Accruals and deferred income

56,996

167,962

Other creditors

149,250

67,073

1,332,173

1,648,449

Creditors include bank loans and net obligations under finance lease and hire purchase contracts which are secured of £105,296 (2022 - £76,291).

2023
£

2022
£

Due after one year

Loans and borrowings

426,164

434,374

Creditors include bank loans and net obligations under finance lease and hire purchase contracts which are secured of £426,164 (2022 - £434,374).

9

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

10

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £126,145 (2022 - £138,388).

 

Robertshaw's Farm Shop Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

11

Related party transactions

Transactions with the director

2023

At 1 February 2022
£

Advances to director
£

Repayments by director
£

At 31 January 2023
£

Interest free loan

-

281,431

(177,716)

103,715

         
       

 

2022

At 1 February 2021
£

Advances to director
£

Repayments by director
£

At 31 January 2022
£

Interest free loan

132,318

19,711

(152,029)

-