Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-300false2022-04-07No description of principal activity9falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14033980 2022-04-06 14033980 2022-04-07 2023-04-30 14033980 2021-04-07 2022-04-06 14033980 2023-04-30 14033980 c:Director1 2022-04-07 2023-04-30 14033980 d:MotorVehicles 2022-04-07 2023-04-30 14033980 d:MotorVehicles 2023-04-30 14033980 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-07 2023-04-30 14033980 d:FurnitureFittings 2022-04-07 2023-04-30 14033980 d:FurnitureFittings 2023-04-30 14033980 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-07 2023-04-30 14033980 d:OwnedOrFreeholdAssets 2022-04-07 2023-04-30 14033980 d:CurrentFinancialInstruments 2023-04-30 14033980 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 14033980 d:ShareCapital 2023-04-30 14033980 d:RetainedEarningsAccumulatedLosses 2023-04-30 14033980 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-04-30 14033980 c:OrdinaryShareClass1 2022-04-07 2023-04-30 14033980 c:OrdinaryShareClass1 2023-04-30 14033980 c:FRS102 2022-04-07 2023-04-30 14033980 c:AuditExempt-NoAccountantsReport 2022-04-07 2023-04-30 14033980 c:FullAccounts 2022-04-07 2023-04-30 14033980 c:PrivateLimitedCompanyLtd 2022-04-07 2023-04-30 14033980 e:PoundSterling 2022-04-07 2023-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14033980









CROW FARM SHOP LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2023

 
CROW FARM SHOP LTD
REGISTERED NUMBER: 14033980

BALANCE SHEET
AS AT 30 APRIL 2023

30 April 2023
Note
£

Fixed assets
  

Tangible assets
 4 
9,934

  
9,934

Current assets
  

Stocks
 5 
17,400

Debtors: amounts falling due within one year
 6 
72,739

Cash at bank and in hand
 7 
7,652

  
97,791

Creditors: amounts falling due within one year
 8 
(108,501)

Net current (liabilities)/assets
  
 
 
(10,710)

Total assets less current liabilities
  
(776)

  

Net (liabilities)/assets
  
(776)


Capital and reserves
  

Called up share capital 
 10 
10

Profit and loss account
  
(786)

  
(776)


Page 1

 
CROW FARM SHOP LTD
REGISTERED NUMBER: 14033980
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 12 February 2024.




................................................
Alex Ward
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
CROW FARM SHOP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

1.


General information

Crow Farm Shop Ltd is a private company limited by shares, incorporated in England and Wales on 07 April 2022. The principal activity throughout the period was that of farm shop and catering services. The Company started trading on 07 April 2023.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis. This assumes the continuing support of its director, which he has pledged for the foreseeable future.

 
2.3

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:

Sale of goods

Revenue 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 revenue 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

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 3

 
CROW FARM SHOP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance

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.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
CROW FARM SHOP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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.

Page 5

 
CROW FARM SHOP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.11

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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 6

 
CROW FARM SHOP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

3.


Employees

Period ended 30 April 2023
£

Wages and salaries
199,918

Social security costs
11,178

Cost of defined contribution scheme
4,781

215,877


The average monthly number of employees, including directors, during the period was 9.


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


Additions
8,465
4,700
13,165



At 30 April 2023

8,465
4,700
13,165



Depreciation


Charge for the period on owned assets
2,116
1,115
3,231



At 30 April 2023

2,116
1,115
3,231



Net book value



At 30 April 2023
6,349
3,585
9,934

Page 7

 
CROW FARM SHOP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

5.


Stocks

Period ended 30 April 2023
£

Finished goods and goods for resale
17,400

17,400



6.


Debtors

Period ended 30 April 2023
£


Trade debtors
5,618

Other debtors
66,873

Prepayments and accrued income
248

72,739



7.


Cash and cash equivalents

Period ended 30 April 2023
£

Cash at bank and in hand
7,652

7,652


Page 8

 
CROW FARM SHOP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

8.


Creditors: Amounts falling due within one year

Period ended 30 April 2023
£

Trade creditors
52,231

Other taxation and social security
3,770

Other creditors
50,830

Accruals and deferred income
1,670

108,501



9.


Financial instruments

Period ended 30 April 2023
£

Financial assets


Financial assets measured at fair value through profit or loss
7,652




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


10.


Share capital

Period ended 30 April 2023
£
Allotted, called up and fully paid


10 Ordinary shares of £1 each
10


Upon incorporation 10 Ordinary £1 shares were issued at par.


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £4,781. Contributions totalling £1,172 were payable to the fund at the balance sheet date.

Page 9

 
CROW FARM SHOP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

12.


Controlling party

The Company is controlled by the director, Alex Ward, by virtue of his shareholding as described in the director's report.

 
Page 10