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REGISTERED NUMBER: 11493852 (England and Wales)















Lodge Farm Trading Limited

Abridged Financial Statements for the Year Ended 31st August 2023






Lodge Farm Trading Limited (Registered number: 11493852)






Contents of the Financial Statements
for the year ended 31st August 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Lodge Farm Trading Limited

Company Information
for the year ended 31st August 2023







Directors: J E Bray
R Bray





Registered office: 1-3 High Street
Great Dunmow
Essex
CM6 1UU





Registered number: 11493852 (England and Wales)





Accountants: Walters & Company
Certified Practising Accountants
1-3 High Street
Great Dunmow
Essex
CM6 1UU

Lodge Farm Trading Limited (Registered number: 11493852)

Abridged Balance Sheet
31st August 2023

31/8/23 31/8/22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 128,486 132,247

Current assets
Stocks 208,722 195,000
Debtors 155,273 172,197
Cash at bank and in hand 25,266 10,322
389,261 377,519
Creditors
Amounts falling due within one year 257,369 284,668
Net current assets 131,892 92,851
Total assets less current liabilities 260,378 225,098

Creditors
Amounts falling due after more than
one year

(52,203

)

(72,073

)

Provisions for liabilities (13,894 ) (14,505 )
Net assets 194,281 138,520

Capital and reserves
Called up share capital 5 100 100
Retained earnings 194,181 138,420
Shareholders' funds 194,281 138,520

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Lodge Farm Trading Limited (Registered number: 11493852)

Abridged Balance Sheet - continued
31st August 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th April 2024 and were signed on its behalf by:





J E Bray - Director


Lodge Farm Trading Limited (Registered number: 11493852)

Notes to the Financial Statements
for the year ended 31st August 2023

1. Statutory information

Lodge Farm Trading Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on cost and 25% on reducing balance

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Lodge Farm Trading Limited (Registered number: 11493852)

Notes to the Financial Statements - continued
for the year ended 31st August 2023

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 16 (2022 - 18 ) .

Lodge Farm Trading Limited (Registered number: 11493852)

Notes to the Financial Statements - continued
for the year ended 31st August 2023

4. Tangible fixed assets
Totals
£   
Cost
At 1st September 2022 177,916
Additions 21,440
At 31st August 2023 199,356
Depreciation
At 1st September 2022 45,669
Charge for year 25,201
At 31st August 2023 70,870
Net book value
At 31st August 2023 128,486
At 31st August 2022 132,247

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
Cost
At 1st September 2022 84,603
Transfer to ownership (24,103 )
At 31st August 2023 60,500
Depreciation
At 1st September 2022 25,500
Charge for year 12,605
Transfer to ownership (15,417 )
At 31st August 2023 22,688
Net book value
At 31st August 2023 37,812
At 31st August 2022 59,103

5. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31/8/23 31/8/22
value: £    £   
100 Ordinary 1 100 100