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COMPANY REGISTRATION NUMBER: 01346106
Colin Roberts (Green Farm) Limited
Filleted Unaudited Financial Statements
5 April 2023
Colin Roberts (Green Farm) Limited
Statement of Financial Position
5 April 2023
2023
2022
Note
£
£
£
Current assets
Debtors
5
938
32,626
Investments
6
15
Cash at bank and in hand
34,297
31,160
--------
--------
35,235
63,801
Creditors: amounts falling due within one year
7
14,395
20,650
--------
--------
Net current assets
20,840
43,151
--------
--------
Total assets less current liabilities
20,840
43,151
--------
--------
Net assets
20,840
43,151
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
20,838
43,149
--------
--------
Shareholders funds
20,840
43,151
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 5 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 23 November 2023 , and are signed on behalf of the board by:
Mrs J V Roberts
Secretary
Company registration number: 01346106
Colin Roberts (Green Farm) Limited
Notes to the Financial Statements
Year ended 5 April 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 84 Whiting Street, Bury St Edmunds, Suffolk, IP33 1NZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods provided and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Depreciation
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:
Freehold Property
-
4% reducing balance
Plant & Machinery
-
20% reducing balance
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Debtors
2023
2022
£
£
Trade debtors
2,232
Other debtors
938
30,394
----
--------
938
32,626
----
--------
6. Investments
2023
2022
£
£
Investment - United Oilseeds Ltd
15
----
----
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
3,600
3,918
Corporation tax
2,139
Social security and other taxes
9,595
7,352
Other creditors
1,200
7,241
--------
--------
14,395
20,650
--------
--------
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mrs J V Roberts
30,395
938
( 30,395)
938
--------
----
--------
----
2022
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mrs J V Roberts
36,402
( 6,008)
30,394
----
--------
-------
--------
Interest has been charged at HMRC official rates.