1 April 2022 false No description of principal activity Taxfiler 2023.10 05860104business:PrivateLimitedCompanyLtd2022-04-012023-03-31 058601042022-03-31 058601042022-04-012023-03-31 05860104business:AuditExemptWithAccountantsReport2022-04-012023-03-31 05860104business:FilletedAccounts2022-04-012023-03-31 058601042023-03-31 05860104business:Director12022-04-012023-03-31 05860104business:Director22022-04-012023-03-31 05860104business:Director32022-04-012023-03-31 05860104business:CompanySecretary12022-04-012023-03-31 05860104business:RegisteredOffice2022-04-012023-03-31 058601042022-03-31 05860104core:WithinOneYear2023-03-31 05860104core:WithinOneYear2022-03-31 05860104core:AfterOneYear2023-03-31 05860104core:AfterOneYear2022-03-31 05860104core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 05860104core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 05860104core:RevaluationReservecore:PreviouslyStatedAmount2023-03-31 05860104core:RevaluationReservecore:PreviouslyStatedAmount2022-03-31 05860104core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 05860104core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 05860104core:PreviouslyStatedAmount2023-03-31 05860104core:PreviouslyStatedAmount2022-03-31 05860104business:SmallEntities2022-04-012023-03-31 05860104countries:EnglandWales2022-04-012023-03-31 05860104core:PlantMachinery2022-04-012023-03-31 05860104core:Goodwill2022-03-31 05860104core:Goodwill2023-03-31 05860104core:Goodwill2022-04-012023-03-31 05860104core:PlantMachinery2022-03-31 05860104core:PlantMachinery2023-03-31 058601042021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 05860104 (England and Wales)
Trevor Bacon Limited Unaudited accounts for the year ended 31 March 2023
Trevor Bacon Limited Unaudited accounts Contents
Page
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Trevor Bacon Limited Company Information for the year ended 31 March 2023
Directors
Brenda Bacon Catherine Joanne Crofts Susan Louise Puckering
Secretary
Susan Louise Puckering
Company Number
05860104 (England and Wales)
Registered Office
SPINK HALL FARM SPINK HALL LANE STOCKSBRIDGE SHEFFIELD S YORKSHIRE S36 1FL
Accountants
C&M Accountancy Services Ltd 19 Yoredale Avenue Chapeltown Sheffield South Yorkshire S35 2ZW
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Trevor Bacon Limited for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Trevor Bacon Limited for the year ended 31 March 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
This report is made solely to the Board of Directors of Trevor Bacon Limited, as a body, in accordance with the terms of our engagement letter dated 1 January 2014. Our work has been undertaken solely to prepare for your approval the accounts of Trevor Bacon Limited and state those matters that we have agreed to state to the Board of Directors of Trevor Bacon Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Trevor Bacon Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Trevor Bacon Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Trevor Bacon Limited. You consider that Trevor Bacon Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Trevor Bacon Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
C&M Accountancy Services Ltd Member in Practice 19 Yoredale Avenue Chapeltown Sheffield South Yorkshire S35 2ZW 19 October 2023
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Trevor Bacon Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
10,250 
13,250 
Investment property
1,010,000 
720,000 
1,020,250 
733,250 
Current assets
Inventories
7,000 
7,000 
Debtors
6,135 
2,857 
Cash at bank and in hand
46,602 
36,565 
59,737 
46,422 
Creditors: amounts falling due within one year
(57,006)
(54,053)
Net current assets/(liabilities)
2,731 
(7,631)
Total assets less current liabilities
1,022,981 
725,619 
Creditors: amounts falling due after more than one year
(150,000)
(150,000)
Net assets
872,981 
575,619 
Capital and reserves
Called up share capital
50 
50 
Revaluation reserve
649,501 
359,501 
Profit and loss account
223,430 
216,068 
Shareholders' funds
872,981 
575,619 
For the 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. 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by
Susan Louise Puckering Director Company Registration No. 05860104
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Trevor Bacon Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Trevor Bacon Limited is a private company, limited by shares, registered in England and Wales, registration number 05860104. The registered office is SPINK HALL FARM, SPINK HALL LANE, STOCKSBRIDGE SHEFFIELD, S YORKSHIRE, S36 1FL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Trevor Bacon Limited Notes to the Accounts for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
60,000 
At 31 March 2023
60,000 
Amortisation
At 1 April 2022
46,750 
Charge for the year
3,000 
At 31 March 2023
49,750 
Net book value
At 31 March 2023
10,250 
At 31 March 2022
13,250 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2022
53,319 
At 31 March 2023
53,319 
Depreciation
At 1 April 2022
53,319 
At 31 March 2023
53,319 
Net book value
At 31 March 2023
- 
6
Investment property
2023 
£ 
Fair value at 1 April 2022
720,000 
Net gain from fair value adjustments
290,000 
At 31 March 2023
1,010,000 
Investment properties are included in the balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and are not depreciated. This treatment is contrary toto the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,147 
1,754 
Deferred tax asset
905 
1,103 
Other debtors
83 
- 
6,135 
2,857 
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Trevor Bacon Limited Notes to the Accounts for the year ended 31 March 2023
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
3,782 
1,886 
Taxes and social security
2,276 
1,251 
Loans from directors
50,176 
50,176 
Accruals
772 
740 
57,006 
54,053 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
150,000 
150,000 
10
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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