JOHN S. PILE (FARMS) LIMITED

Company Registration Number:
00883650 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

JOHN S. PILE (FARMS) LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

JOHN S. PILE (FARMS) LIMITED

Balance sheet

As at 31 December 2022


Notes

2022

2021


£

£
Fixed assets
Intangible assets: 3 840 945
Tangible assets: 4 193,453 173,681
Investments: 5 18,286 27,278
Total fixed assets: 212,579 201,904
Current assets
Stocks: 311,284 320,641
Debtors: 6 129,539 158,247
Cash at bank and in hand: 335,658 289,329
Total current assets: 776,481 768,217
Creditors: amounts falling due within one year: 7 (499,452) (492,205)
Net current assets (liabilities): 277,029 276,012
Total assets less current liabilities: 489,608 477,916
Creditors: amounts falling due after more than one year: 8 0 (1,195)
Provision for liabilities: (25,500) (22,250)
Total net assets (liabilities): 464,108 454,471
Capital and reserves
Called up share capital: 1,005 1,005
Profit and loss account: 463,103 453,466
Shareholders funds: 464,108 454,471

The notes form part of these financial statements

JOHN S. PILE (FARMS) LIMITED

Balance sheet statements

For the year ending 31 December 2022 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 04 April 2024
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 2022

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.

Other accounting policies

The tax charge represents the aggregate amount of current and deferred tax recognised in the reporting period. Deferred tax is recognised in respect of all timing differences at the reporting date. Fixed asset investments are recorded at cost adjusted for any accumulated impairment losses. Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

JOHN S. PILE (FARMS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 59 55

JOHN S. PILE (FARMS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Intangible Assets

Total
Cost £
At 01 January 2022 6,035
At 31 December 2022 6,035
Amortisation
At 01 January 2022 5,090
Charge for year 105
At 31 December 2022 5,195
Net book value
At 31 December 2022 840
At 31 December 2021 945

JOHN S. PILE (FARMS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Tangible Assets

Total
Cost £
At 01 January 2022 1,531,207
Additions 67,041
Disposals (59,335)
At 31 December 2022 1,538,913
Depreciation
At 01 January 2022 1,357,526
Charge for year 44,516
On disposals (56,582)
At 31 December 2022 1,345,460
Net book value
At 31 December 2022 193,453
At 31 December 2021 173,681

JOHN S. PILE (FARMS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Fixed investments

Carrying amount at 31 December 2022:Shares in group undertakings £201;Other investments other than loans £17,984;Other investments £101;Total £18,286.Total carrying amount at 31 December 2021: £27,278.

JOHN S. PILE (FARMS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Debtors

At 31 December 2022: Trade debtors £20,517; Other debtors £109,022; Total debtors £129,539. At 31 December 2021: Total debtors £158,247.

JOHN S. PILE (FARMS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

7. Creditors: amounts falling due within one year note

At 31 December 2022: Bank loans and overdrafts £34,167; Trade creditors £265,321; Corporation tax £14,193; Social security and other taxes £15,058; Other creditors £170,713; Total creditors £499,452. At 31 December 2021: Total creditors £492,205.

JOHN S. PILE (FARMS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

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

At 31 December 2022: £nil. At 31 December 2021: £1,195.

JOHN S. PILE (FARMS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

9. 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 in 2021. The property and its contents are currently being looked after by the Executor of Mr J S Pile until the administration of his estate is complete.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 business assets transferred comprised machinery, equipment, fixtures and fittings, and stock. No amount was paid for goodwill. At 31 December 2022 £15,440 (2021: £15,440) remained outstanding on loan account to Mr Pile’s estate.
£
Balance at 01 January 2022 15,440
Balance at 31 December 2022 15,440