Caseware UK (AP4) 2022.0.179 2022.0.179 falsefalse2023-01-01falseholding company22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12591716 2023-01-01 2023-12-31 12591716 2022-01-01 2022-12-31 12591716 2023-12-31 12591716 2022-12-31 12591716 2022-01-01 12591716 c:Director2 2023-01-01 2023-12-31 12591716 d:Buildings 2023-12-31 12591716 d:Buildings 2022-12-31 12591716 d:CurrentFinancialInstruments 2023-12-31 12591716 d:CurrentFinancialInstruments 2022-12-31 12591716 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12591716 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12591716 d:ShareCapital 2023-12-31 12591716 d:ShareCapital 2022-12-31 12591716 d:ShareCapital 2022-01-01 12591716 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 12591716 d:RetainedEarningsAccumulatedLosses 2023-12-31 12591716 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 12591716 d:RetainedEarningsAccumulatedLosses 2022-12-31 12591716 d:RetainedEarningsAccumulatedLosses 2022-01-01 12591716 d:OtherDeferredTax 2023-12-31 12591716 d:OtherDeferredTax 2022-12-31 12591716 c:FRS102 2023-01-01 2023-12-31 12591716 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12591716 c:FullAccounts 2023-01-01 2023-12-31 12591716 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12591716 6 2023-01-01 2023-12-31 12591716 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 12591716

 




 
BFS Farm Services Limited          
 
Financial statements          

For the year ended 31 December 2023          

 
BFS Farm Services Limited
Registered number:12591716

Balance sheet
As at 31 December 2023


2023

2022
                                                                                    Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
610,000
610,000

Investments
 5 
4,382
4,382

  
614,382
614,382

Current assets
  

Debtors
 6 
167
120

Cash at bank and in hand
 7 
140
140

  
307
260

Creditors: amounts falling due within one year
 8 
(450)
(450)

Net current liabilities
  
 
 
(143)
 
 
(190)

Total assets less current liabilities
  
614,239
614,192

Provisions for liabilities
  

Deferred tax
 9 
(16,836)
(16,836)

Net assets
  
597,403
597,356


Capital and reserves
  

Called up share capital 
  
4,522
4,522

Profit and loss account
  
592,881
592,834

  
597,403
597,356


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.



 
Page 1

 
BFS Farm Services Limited
Registered number:12591716
    
Balance sheet (continued)
As at 31 December 2023


The financial statements were approved and authorised for issue by the board; and were signed on its behalf on 26 March 2024.




Michael Anthony Gascoyne-Cecil
Director























The notes on pages 5 to 9 form part of these financial statements.
Page 2

 
BFS Farm Services Limited
 

Statement of changes in equity
For the year ended 31 December 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2022
4,522
592,740
597,262



Profit for the year
-
94
94



At 1 January 2023
4,522
592,834
597,356



Profit for the year
-
47
47


At 31 December 2023
4,522
592,881
597,403


Page 3

 
BFS Farm Services Limited
 


Statement of changes in equity (continued)
For the year ended 31 December 2023




















The notes on pages 5 to 9 form part of these financial statements.

Page 4

 
BFS Farm Services Limited
 
 
Notes to the financial statements
For the year ended 31 December 2023

1.


General information

BFS Farm Services Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is 12-14 School Road, Downham, Billericay, United Kingdom, CM11 1QU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 5

 
BFS Farm Services Limited
 
 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated.


The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 6

 
BFS Farm Services Limited
 
 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.10

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in ordinary shares.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
2
2

Page 7

 
BFS Farm Services Limited
 
 
Notes to the financial statements
For the year ended 31 December 2023

4.


Tangible fixed assets





Freehold property

£



Cost 


At 1 January 2023
610,000



At 31 December 2023

610,000






Net book value



At 31 December 2023
610,000



At 31 December 2022
610,000


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


At 1 January 2023 and 31 December 2023
4,382





6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
167
120



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
140
140


Page 8

 
BFS Farm Services Limited
 
 
Notes to the financial statements
For the year ended 31 December 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
50
50

Accruals and deferred income
400
400

450
450



9.


Deferred taxation




2023
2022


£

£






At beginning of year
(16,836)
(16,836)


Charged for the year
-
-



At end of year
(16,836)
(16,836)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Held over capital gain on freehold property
(16,836)
(16,836)


10.


Related party transactions

At the balance sheet date, debtors amounting to £167 (2022 - £120) were outstanding from Billericay Farm Services Ltd. No interest is charged on these loans.

 
Page 9