Bow Brook Farm Limited 07050324 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is the retail of foodstuffs including meats, preserves and baked goods Digita Accounts Production Advanced 6.30.9574.0 true true 07050324 2022-06-01 2023-05-31 07050324 2023-05-31 07050324 bus:OrdinaryShareClass1 2023-05-31 07050324 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-05-31 07050324 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-05-31 07050324 core:CurrentFinancialInstruments 2023-05-31 07050324 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 07050324 core:Non-currentFinancialInstruments 2023-05-31 07050324 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 07050324 core:LandBuildings core:ShortLeaseholdAssets 2023-05-31 07050324 core:MotorVehicles 2023-05-31 07050324 core:OfficeEquipment 2023-05-31 07050324 core:PlantMachinery 2023-05-31 07050324 bus:SmallEntities 2022-06-01 2023-05-31 07050324 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 07050324 bus:FullAccounts 2022-06-01 2023-05-31 07050324 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 07050324 bus:RegisteredOffice 2022-06-01 2023-05-31 07050324 bus:Director1 2022-06-01 2023-05-31 07050324 bus:Director2 2022-06-01 2023-05-31 07050324 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 07050324 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 07050324 core:Buildings 2022-06-01 2023-05-31 07050324 core:LandBuildings core:ShortLeaseholdAssets 2022-06-01 2023-05-31 07050324 core:MotorVehicles 2022-06-01 2023-05-31 07050324 core:OfficeEquipment 2022-06-01 2023-05-31 07050324 core:PlantMachinery 2022-06-01 2023-05-31 07050324 countries:EnglandWales 2022-06-01 2023-05-31 07050324 2022-05-31 07050324 core:LandBuildings core:ShortLeaseholdAssets 2022-05-31 07050324 core:MotorVehicles 2022-05-31 07050324 core:OfficeEquipment 2022-05-31 07050324 core:PlantMachinery 2022-05-31 07050324 2021-06-01 2022-05-31 07050324 2022-05-31 07050324 bus:OrdinaryShareClass1 2022-05-31 07050324 core:HirePurchaseContracts core:CurrentFinancialInstruments 2022-05-31 07050324 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2022-05-31 07050324 core:CurrentFinancialInstruments 2022-05-31 07050324 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 07050324 core:Non-currentFinancialInstruments 2022-05-31 07050324 core:Non-currentFinancialInstruments core:AfterOneYear 2022-05-31 07050324 core:LandBuildings core:ShortLeaseholdAssets 2022-05-31 07050324 core:MotorVehicles 2022-05-31 07050324 core:OfficeEquipment 2022-05-31 07050324 core:PlantMachinery 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07050324

Bow Brook Farm Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2023

 

Bow Brook Farm Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Bow Brook Farm Limited

Company Information

Directors

Mrs D Maertens

MC Maertens

Registered office

Bow Brook Farm
Brickyard Lane
Drakes Broughton
Pershore, Worcestershire
Worcestershire
WR10 2AH

Accountants

Clement Rabjohns Limited
Chartered Accountants
111/113 High Street
Evesham
Worcestershire
WR11 4XP

 

Bow Brook Farm Limited

(Registration number: 07050324)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

27,891

29,798

Current assets

 

Stocks

5

34,774

51,073

Debtors

6

1,318

2,074

Cash at bank and in hand

 

5,049

1,296

 

41,141

54,443

Creditors: Amounts falling due within one year

7

(50,160)

(59,361)

Net current liabilities

 

(9,019)

(4,918)

Total assets less current liabilities

 

18,872

24,880

Creditors: Amounts falling due after more than one year

7

(13,714)

(18,419)

Net assets

 

5,158

6,461

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

5,058

6,361

Shareholders' funds

 

5,158

6,461

For the financial year ending 31 May 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 February 2024 and signed on its behalf by:
 

 

Bow Brook Farm Limited

(Registration number: 07050324)
Balance Sheet as at 31 May 2023

.........................................
Mrs D Maertens
Director

 

Bow Brook Farm Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Bow Brook Farm
Brickyard Lane
Drakes Broughton
Pershore, Worcestershire
Worcestershire
WR10 2AH
United Kingdom

These financial statements were authorised for issue by the Board on 22 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Bow Brook Farm Limited

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Other property, plant and equipment

20% straight line

Leasehold land and buildings

10% straight line

The leasehold land and buildings are not depreciated within these accounts as the asset represented an asset under construction as at 31 May 2021.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Bow Brook Farm Limited

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 2).

 

Bow Brook Farm Limited

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

4

Tangible assets

Short leasehold land and buildings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 June 2022

20,587

8,871

-

6,450

35,908

Additions

-

-

208

-

208

At 31 May 2023

20,587

8,871

208

6,450

36,116

Depreciation

At 1 June 2022

-

2,962

-

3,148

6,110

Charge for the year

-

1,413

42

660

2,115

At 31 May 2023

-

4,375

42

3,808

8,225

Carrying amount

At 31 May 2023

20,587

4,496

166

2,642

27,891

At 31 May 2022

20,587

5,909

-

3,302

29,798

 

Bow Brook Farm Limited

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

5

Stocks

2023
£

2022
£

Other inventories

34,774

51,073

6

Debtors

Current

2023
£

2022
£

Trade debtors

-

1,158

Other debtors

1,318

916

 

1,318

2,074

 

Bow Brook Farm Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

9

4,725

4,649

Directors current account

42,235

51,148

Other creditors

 

3,200

3,564

 

50,160

59,361

Due after one year

 

Loans and borrowings

9

13,714

18,419

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

13,714

18,419

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

         

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

10,684

14,264

Hire purchase contracts

3,030

4,155

13,714

18,419

 

Bow Brook Farm Limited

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

2023
£

2022
£

Current loans and borrowings

Bank borrowings

3,600

3,600

Hire purchase contracts

1,125

1,049

4,725

4,649