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REGISTERED NUMBER: 13935215 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 23 FEBRUARY 2022 TO 30 JUNE 2023

FOR

COLLEGE FARM (FIREWOOD) LIMITED

COLLEGE FARM (FIREWOOD) LIMITED (REGISTERED NUMBER: 13935215)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 23 FEBRUARY 2022 TO 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COLLEGE FARM (FIREWOOD) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 23 FEBRUARY 2022 TO 30 JUNE 2023







DIRECTOR: R F Rockcliffe





REGISTERED OFFICE: 27 - 29 Old Market
Wisbech
Cambridgeshire
PE13 1NE





REGISTERED NUMBER: 13935215 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

COLLEGE FARM (FIREWOOD) LIMITED (REGISTERED NUMBER: 13935215)

BALANCE SHEET
30 JUNE 2023

Notes £    £   
FIXED ASSETS
Intangible assets 4 11,000
Tangible assets 5 17,030
28,030

CURRENT ASSETS
Stocks 38,386
Debtors 6 1,191
Cash at bank and in hand 96,775
136,352
CREDITORS
Amounts falling due within one year 7 140,006
NET CURRENT LIABILITIES (3,654 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,376

PROVISIONS FOR LIABILITIES 3,100
NET ASSETS 21,276

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 21,176
21,276

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

COLLEGE FARM (FIREWOOD) LIMITED (REGISTERED NUMBER: 13935215)

BALANCE SHEET - continued
30 JUNE 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2023 and were signed by:





R F Rockcliffe - Director


COLLEGE FARM (FIREWOOD) LIMITED (REGISTERED NUMBER: 13935215)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 23 FEBRUARY 2022 TO 30 JUNE 2023

1. STATUTORY INFORMATION

College Farm (Firewood) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

At the balance sheet date the company had a working capital deficit of £3,654 by virtue of its current liabilities exceeding its current assets. The director is confident that the going concern basis for the preparation of the financial statements is appropriate, and has confirmed his continuing support for the company in writing.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


COLLEGE FARM (FIREWOOD) LIMITED (REGISTERED NUMBER: 13935215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 23 FEBRUARY 2022 TO 30 JUNE 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 15,000
At 30 June 2023 15,000
AMORTISATION
Charge for period 4,000
At 30 June 2023 4,000
NET BOOK VALUE
At 30 June 2023 11,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 25,545
At 30 June 2023 25,545
DEPRECIATION
Charge for period 8,515
At 30 June 2023 8,515
NET BOOK VALUE
At 30 June 2023 17,030

COLLEGE FARM (FIREWOOD) LIMITED (REGISTERED NUMBER: 13935215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 23 FEBRUARY 2022 TO 30 JUNE 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 1,191

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 2,847
Taxation and social security 8,564
Other creditors 128,595
140,006