JOHN S. PILE (FARMS) LIMITED

Company Registration Number:
00883650 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

JOHN S. PILE (FARMS) LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2021

Balance sheet
Notes

JOHN S. PILE (FARMS) LIMITED

Balance sheet

As at 31 December 2021


Notes

2021

2020


£

£
Fixed assets
Intangible assets: 3 945 0
Tangible assets: 4 173,681 251,155
Investments: 5 27,278 25,363
Total fixed assets: 201,904 276,518
Current assets
Stocks: 320,641 309,872
Debtors:   158,247 108,961
Cash at bank and in hand: 289,329 138,780
Total current assets: 768,217 557,613
Creditors: amounts falling due within one year: 6 (492,205) (451,043)
Net current assets (liabilities): 276,012 106,570
Total assets less current liabilities: 477,916 383,088
Creditors: amounts falling due after more than one year: 7 (1,195) (18,677)
Provision for liabilities: (22,250) (22,500)
Total net assets (liabilities): 454,471 341,911
Capital and reserves
Called up share capital: 1,005 1,010
Profit and loss account: 453,466 340,901
Shareholders funds: 454,471 341,911

The notes form part of these financial statements

JOHN S. PILE (FARMS) LIMITED

Balance sheet statements

For the year ending 31 December 2021 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 05 November 2023
and signed on behalf of the board by:

Name: Helen Marsh
Status: Director

The notes form part of these financial statements

JOHN S. PILE (FARMS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Long leasehold property - straight line over life of the lease. Short leasehold property - straight line over life of the leasePlant and machinery – 20% reducing balance and straight lineFixtures, fittings and equipment – 15% reducing balanceDairy herd – 0%.If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Intangible fixed assets and amortisation policy

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset. If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Valuation and information policy

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

JOHN S. PILE (FARMS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

2. Employees

2021 2020
Average number of employees during the period 55 50

JOHN S. PILE (FARMS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Intangible Assets

Total
Cost £
At 01 January 2021 4,985
Additions 1,050
At 31 December 2021 6,035
Amortisation
At 01 January 2021 4,985
Charge for year 105
At 31 December 2021 5,090
Net book value
At 31 December 2021 945
At 31 December 2020 0

JOHN S. PILE (FARMS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Tangible Assets

Total
Cost £
At 01 January 2021 1,594,903
Additions 52,174
Disposals (115,870)
At 31 December 2021 1,531,207
Depreciation
At 01 January 2021 1,343,748
Charge for year 40,409
On disposals (26,631)
At 31 December 2021 1,357,526
Net book value
At 31 December 2021 173,681
At 31 December 2020 251,155

JOHN S. PILE (FARMS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

5. Fixed investments

Carrying amount at 31 December 2021: Shares in group undertakings £201; Other investments other than loans £26,976; Other investments £101; Total £27,278. Total carrying amount at 31 December 2020: £25,363.

JOHN S. PILE (FARMS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

6. Creditors: amounts falling due within one year note

At 31 December 2021: Bank loans and overdrafts £44,167; Trade creditors £263,971; Corporation tax £14,193; Social security and other taxes £11,960; Other creditors £157,914. Total £492,205. Total at 31 December 2020 £451,043.

JOHN S. PILE (FARMS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

7. Creditors: amounts falling due after more than one year note

At 31 December 2021: Other creditors £1,195. At 31 December 2020: Other creditors £18,677.

JOHN S. PILE (FARMS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

8. Related party transactions

Name of the related party: John S Pile
Relationship:
Shareholder and former director
Description of the Transaction: As a joint tenant and former director, Mr J S Pile, a shareholder, occupied a property within the farm tenancy, on a rent-free basis, until his death which occurred during the year.On 1 January 2019 Mr J S Pile sold his Animal Feed business to the company for £30,000 on an arm's length basis. The consideration comprised machinery and equipment, stock, less current liabilities. No amount was paid for goodwill. At 31 December 2021 £15,440 (2020: £17,406) remained outstanding on loan account to Mr Pile
£
Balance at 01 January 2021 17,406
Balance at 31 December 2021 15,440