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Registered number: 10908748
The Feed Station Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Cooper Associates Accountants Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10908748
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,314 17,412
15,314 17,412
CURRENT ASSETS
Stocks 5 750 600
Debtors 6 82,900 82,900
Cash at bank and in hand 7,933 11,075
91,583 94,575
Creditors: Amounts Falling Due Within One Year 7 (102,115 ) (61,659 )
NET CURRENT ASSETS (LIABILITIES) (10,532 ) 32,916
TOTAL ASSETS LESS CURRENT LIABILITIES 4,782 50,328
Creditors: Amounts Falling Due After More Than One Year 8 (15,833 ) (35,833 )
NET (LIABILITIES)/ASSETS (11,051 ) 14,495
CAPITAL AND RESERVES
Called up share capital 9 40 40
Profit and Loss Account (11,091 ) 14,455
SHAREHOLDERS' FUNDS (11,051) 14,495
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms A Garcia-Tirado
Director
9th April 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Feed Station Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10908748 . The registered office is 40 St James Buildings, St James Street, Taunton, Somerset, TA1 1JR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold n/a
Plant & Machinery 25% reducing balance
Fixtures & Fittings 20% reducing balance
Office equipment 20% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2022: 18)
14 18
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Office equipment Total
£ £ £ £ £
Cost
As at 1 December 2022 - 6,074 28,783 2,615 37,472
Additions - 2,087 720 - 2,807
As at 30 November 2023 - 8,161 29,503 2,615 40,279
Depreciation
As at 1 December 2022 - 1,519 18,018 523 20,060
Provided during the period - 1,661 2,826 418 4,905
As at 30 November 2023 - 3,180 20,844 941 24,965
Net Book Value
As at 30 November 2023 - 4,981 8,659 1,674 15,314
As at 1 December 2022 - 4,555 10,765 2,092 17,412
5. Stocks
2023 2022
£ £
Stock 750 600
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 695 695
Other debtors 82,205 82,205
82,900 82,900
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 19,728 9,840
Bank loans and overdrafts - 7
Other loans 10,000 -
Other taxes and social security 4,275 1,244
VAT 4,934 6,251
Other creditors 2,395 161
Accruals 2,256 1,947
Credit card 1,803 -
Directors' loan accounts 56,724 42,209
102,115 61,659
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other loans 15,833 35,833
15,833 35,833
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 40 40
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