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REGISTERED NUMBER: 06898416 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Lodge Farm Kitchen Ltd

Lodge Farm Kitchen Ltd (Registered number: 06898416)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Lodge Farm Kitchen Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: LM Stout
JS Stout





REGISTERED OFFICE: The Lodge Farm
Coughton
Ross On Wye
Herefordshire
HR9 5SQ





REGISTERED NUMBER: 06898416 (England and Wales)





ACCOUNTANTS: Mosley & Co
14 Market Place
Ramsbottom
Bury
Lancashire
BL0 9HT

Lodge Farm Kitchen Ltd (Registered number: 06898416)

Statement of Financial Position
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 71,439 86,279

CURRENT ASSETS
Stocks 152,127 138,027
Debtors 5 119,023 134,158
Cash at bank and in hand 40,366 53,608
311,516 325,793
CREDITORS
Amounts falling due within one year 6 92,709 122,860
NET CURRENT ASSETS 218,807 202,933
TOTAL ASSETS LESS CURRENT
LIABILITIES

290,246

289,212

CREDITORS
Amounts falling due after more than
one year

7

(25,385

)

(31,110

)

PROVISIONS FOR LIABILITIES 8 (15,172 ) (13,739 )
NET ASSETS 249,689 244,363

CAPITAL AND RESERVES
Called up share capital 300 300
Share premium 224,910 224,910
Retained earnings 24,479 19,153
SHAREHOLDERS' FUNDS 249,689 244,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Lodge Farm Kitchen Ltd (Registered number: 06898416)

Statement of Financial Position - continued
31 May 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 Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:





LM Stout - Director


Lodge Farm Kitchen Ltd (Registered number: 06898416)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Lodge Farm Kitchen Ltd 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.

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.

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

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 - 20% on cost and 20% 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 year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Lodge Farm Kitchen Ltd (Registered number: 06898416)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022 48,702 336,711 385,413
Additions - 22,193 22,193
At 31 May 2023 48,702 358,904 407,606
DEPRECIATION
At 1 June 2022 34,736 264,398 299,134
Charge for year 3,214 33,819 37,033
At 31 May 2023 37,950 298,217 336,167
NET BOOK VALUE
At 31 May 2023 10,752 60,687 71,439
At 31 May 2022 13,966 72,313 86,279

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 113,159 111,389
Other debtors 5,864 22,769
119,023 134,158

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 10,000 9,997
Hire purchase contracts 3,402 3,469
Trade creditors 52,561 97,024
Taxation and social security 19,872 12,370
Other creditors 6,874 -
92,709 122,860

Lodge Farm Kitchen Ltd (Registered number: 06898416)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 21,416 31,110
Hire purchase contracts 3,969 -
25,385 31,110

8. PROVISIONS FOR LIABILITIES
31.5.23 31.5.22
£    £   
Deferred tax 15,172 13,739

Deferred
tax
£   
Balance at 1 June 2022 13,739
Provided during year 1,433
Balance at 31 May 2023 15,172

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.23 31.5.22
£    £   
JS Stout
Balance outstanding at start of year 2,544 (4,573 )
Amounts advanced 4,091 7,117
Amounts repaid (6,165 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 470 2,544