Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-312022-09-01falsetrueNo description of principal activity98trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC028404 2022-09-01 2023-08-31 SC028404 2021-09-01 2022-08-31 SC028404 2023-08-31 SC028404 2022-08-31 SC028404 c:CompanySecretary1 2022-09-01 2023-08-31 SC028404 c:Director1 2022-09-01 2023-08-31 SC028404 c:Director2 2022-09-01 2023-08-31 SC028404 c:Director3 2022-09-01 2023-08-31 SC028404 c:Director4 2022-09-01 2023-08-31 SC028404 c:RegisteredOffice 2022-09-01 2023-08-31 SC028404 d:Buildings 2022-09-01 2023-08-31 SC028404 d:Buildings 2023-08-31 SC028404 d:Buildings 2022-08-31 SC028404 d:Buildings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 SC028404 d:PlantMachinery 2022-09-01 2023-08-31 SC028404 d:PlantMachinery 2023-08-31 SC028404 d:PlantMachinery 2022-08-31 SC028404 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 SC028404 d:MotorVehicles 2022-09-01 2023-08-31 SC028404 d:MotorVehicles 2023-08-31 SC028404 d:MotorVehicles 2022-08-31 SC028404 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 SC028404 d:OtherPropertyPlantEquipment 2022-09-01 2023-08-31 SC028404 d:OtherPropertyPlantEquipment 2023-08-31 SC028404 d:OtherPropertyPlantEquipment 2022-08-31 SC028404 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 SC028404 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 SC028404 d:CurrentFinancialInstruments 2023-08-31 SC028404 d:CurrentFinancialInstruments 2022-08-31 SC028404 d:Non-currentFinancialInstruments 2023-08-31 SC028404 d:Non-currentFinancialInstruments 2022-08-31 SC028404 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 SC028404 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 SC028404 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 SC028404 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 SC028404 d:ShareCapital 2023-08-31 SC028404 d:ShareCapital 2022-08-31 SC028404 d:OtherMiscellaneousReserve 2023-08-31 SC028404 d:OtherMiscellaneousReserve 2022-08-31 SC028404 d:RetainedEarningsAccumulatedLosses 2023-08-31 SC028404 d:RetainedEarningsAccumulatedLosses 2022-08-31 SC028404 c:OrdinaryShareClass1 2022-09-01 2023-08-31 SC028404 c:OrdinaryShareClass1 2023-08-31 SC028404 c:OrdinaryShareClass1 2022-08-31 SC028404 c:FRS102 2022-09-01 2023-08-31 SC028404 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 SC028404 c:FullAccounts 2022-09-01 2023-08-31 SC028404 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 SC028404 6 2022-09-01 2023-08-31 SC028404 2 2023-08-31 SC028404 2 2022-08-31 SC028404 f:PoundSterling 2022-09-01 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC028404










BARNYARDS FARM LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

 
BARNYARDS FARM LIMITED
 

COMPANY INFORMATION


DIRECTORS
G W T Smith 
N C T Smith 
Mrs I H S Smith 
Mrs J A Smith 




COMPANY SECRETARY
Miller Hendry



REGISTERED NUMBER
SC028404



REGISTERED OFFICE
Westby
64 West High Street

Forfar

Angus

DD8 1BJ




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
BARNYARDS FARM LIMITED
REGISTERED NUMBER: SC028404

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2023

2023
2022
£
£

FIXED ASSETS
  

Tangible assets
 4 
1,974,080
2,059,105

Investments
 5 
1,730
1,812

  
1,975,810
2,060,917

CURRENT ASSETS
  

Stocks
  
755,613
794,319

Debtors: amounts falling due within one year
 6 
256,763
173,301

Cash at bank and in hand
  
465,242
2,215

  
1,477,618
969,835

Creditors: amounts falling due within one year
 7 
(507,507)
(613,314)

NET CURRENT ASSETS
  
 
 
970,111
 
 
356,521

TOTAL ASSETS LESS CURRENT LIABILITIES
  
2,945,921
2,417,438

Creditors: amounts falling due after more than one year
 8 
(171,973)
(246,696)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(214,908)
(100,341)

  
 
 
(214,908)
 
 
(100,341)

NET ASSETS
  
2,559,040
2,070,401


CAPITAL AND RESERVES
  

Called up share capital 
 9 
7,500
7,500

Other reserves
  
60,184
60,184

Profit and loss account
  
2,491,356
2,002,717

  
2,559,040
2,070,401


Page 1

 
BARNYARDS FARM LIMITED
REGISTERED NUMBER: SC028404

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2023

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 April 2024.






N C T Smith
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BARNYARDS FARM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


GENERAL INFORMATION

The company Barnyards Farm Limited is limited by shares and incorporated in Scotland. The address of the registered offce is Westby, 64 West High Street, Forfar, Angus, DD8 1BJ and the company resgistration number is SC028404. The company's place of business is Barnyards Farm, Tannadice, Forfar, Angus, DD8 3QA.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover 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 turnover 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 3

 
BARNYARDS FARM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 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 reporting 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 reporting 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 reporting 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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, see below:.

Depreciation is provided on the following basis:

Land and buildings
-
4.0%
straight line on buildings only
Plant and machinery
-
12.5%
reducing balance
Motor vehicles
-
25.0%
reducing balance
Solar panels
-
5.0%
straight line

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 unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 4

 
BARNYARDS FARM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's statement of financial position when the Company becomes party to the contractual provisions of the instrument.

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.

 
2.7

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 9 (2022 - 8).


4.


TANGIBLE FIXED ASSETS





Heritable Property
Plant and machinery
Motor vehicles
Solar panels
Total

£
£
£
£
£



COST OR VALUATION


At 1 September 2022
1,322,667
1,944,341
77,309
65,670
3,409,987


Additions
-
108,100
1,500
-
109,600


Disposals
-
(98,500)
-
-
(98,500)



At 31 August 2023

1,322,667
1,953,941
78,809
65,670
3,421,087



DEPRECIATION


At 1 September 2022
208,904
1,099,829
38,865
3,284
1,350,882


Charge for the year on owned assets
23,177
113,494
9,987
3,284
149,942


Disposals
-
(53,817)
-
-
(53,817)



At 31 August 2023

232,081
1,159,506
48,852
6,568
1,447,007



NET BOOK VALUE



At 31 August 2023
1,090,586
794,435
29,957
59,102
1,974,080



At 31 August 2022
1,113,763
844,512
38,444
62,386
2,059,105

Page 5

 
BARNYARDS FARM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


FIXED ASSET INVESTMENTS





Unlisted investments

£



COST OR VALUATION


At 1 September 2022
4,188



At 31 August 2023

4,188



IMPAIRMENT


At 1 September 2022
2,376


Charge for the period
82



At 31 August 2023

2,458



NET BOOK VALUE



At 31 August 2023
1,730



At 31 August 2022
1,812


6.


DEBTORS

2023
2022
£
£


Trade debtors
225,253
113,585

Other debtors
15,091
45,618

Prepayments and accrued income
16,419
14,098

256,763
173,301


Page 6

 
BARNYARDS FARM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Bank overdrafts
-
47,404

Bank loans
9,768
9,527

Other loans
82,421
-

Trade creditors
130,366
347,198

Obligations under finance lease and hire purchase contracts
46,785
66,332

Other creditors
230,788
131,897

Accruals and deferred income
7,379
10,956

507,507
613,314



8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
2022
£
£

Bank loans
171,973
199,911

Net obligations under finance leases and hire purchase contracts
-
46,785

171,973
246,696


The bank loans are secured over the assets of the company.


9.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



7,500 (2022 - 7,500) Ordinary shares of £1.00 each
7,500
7,500



Page 7