IRIS Accounts Production v24.1.0.578 02078618 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh020786182022-07-31020786182023-07-31020786182022-08-012023-07-31020786182021-07-31020786182021-08-012022-07-31020786182022-07-3102078618ns15:EnglandWales2022-08-012023-07-3102078618ns14:PoundSterling2022-08-012023-07-3102078618ns10:Director12022-08-012023-07-3102078618ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3102078618ns10:SmallEntities2022-08-012023-07-3102078618ns10:AuditExemptWithAccountantsReport2022-08-012023-07-3102078618ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3102078618ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3102078618ns10:FullAccounts2022-08-012023-07-3102078618ns10:OrdinaryShareClass12022-08-012023-07-3102078618ns10:Director22022-08-012023-07-3102078618ns10:Director32022-08-012023-07-3102078618ns10:CompanySecretary12022-08-012023-07-3102078618ns10:RegisteredOffice2022-08-012023-07-3102078618ns5:CurrentFinancialInstruments2023-07-3102078618ns5:CurrentFinancialInstruments2022-07-3102078618ns5:Non-currentFinancialInstruments2023-07-3102078618ns5:Non-currentFinancialInstruments2022-07-3102078618ns5:ShareCapital2023-07-3102078618ns5:ShareCapital2022-07-3102078618ns5:RetainedEarningsAccumulatedLosses2023-07-3102078618ns5:RetainedEarningsAccumulatedLosses2022-07-3102078618ns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-08-012023-07-3102078618ns5:LeaseholdImprovements2022-08-012023-07-3102078618ns5:PlantMachinery2022-08-012023-07-3102078618ns5:LandBuildings2022-07-3102078618ns5:LeaseholdImprovements2022-07-3102078618ns5:PlantMachinery2022-07-3102078618ns5:LandBuildings2022-08-012023-07-3102078618ns5:LandBuildings2023-07-3102078618ns5:LeaseholdImprovements2023-07-3102078618ns5:PlantMachinery2023-07-3102078618ns5:LandBuildings2022-07-3102078618ns5:LeaseholdImprovements2022-07-3102078618ns5:PlantMachinery2022-07-3102078618ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-07-3102078618ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-08-012023-07-3102078618ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-07-3102078618ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-07-3102078618ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3102078618ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3102078618ns10:OrdinaryShareClass12023-07-31
REGISTERED NUMBER: 02078618 (England and Wales)


























Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Kirklington Farms Limited

Kirklington Farms Limited (Registered number: 02078618)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Kirklington Farms Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: J G Broadberry
J J Broadberry
Mrs J M Broadberry





SECRETARY: J G Broadberry





REGISTERED OFFICE: North Lodge Farm
Winkburn
Newark
Nottinghamshire
NG22 8PL





REGISTERED NUMBER: 02078618 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Kirklington Farms Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kirklington Farms Limited for the year ended 31 July 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Kirklington Farms Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kirklington Farms Limited and state those matters that we have agreed to state to the Board of Directors of Kirklington Farms Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kirklington Farms Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kirklington Farms Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kirklington Farms Limited. You consider that Kirklington Farms Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kirklington Farms Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES


18 April 2024

Kirklington Farms Limited (Registered number: 02078618)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 421,883 435,733

CURRENT ASSETS
Stocks 182,310 168,258
Debtors 5 41,220 10,792
Cash at bank 19,741 36,600
243,271 215,650
CREDITORS
Amounts falling due within one year 6 179,335 167,197
NET CURRENT ASSETS 63,936 48,453
TOTAL ASSETS LESS CURRENT
LIABILITIES

485,819

484,186

CREDITORS
Amounts falling due after more than one
year

7

(1,750

)

-

PROVISIONS FOR LIABILITIES (46,802 ) (45,850 )
NET ASSETS 437,267 438,336

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 437,265 438,334
SHAREHOLDERS' FUNDS 437,267 438,336

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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

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 18 April 2024 and were signed on its behalf by:





J G Broadberry - Director


Kirklington Farms Limited (Registered number: 02078618)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Kirklington Farms 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Land and buildings - 5% on cost and 2% on cost
Improvements to property - 5% on cost
Plant and equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of the ownership remain with the lessor are charged to profit and loss account as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Kirklington Farms Limited (Registered number: 02078618)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Improvements
Land and to Plant and
buildings property equipment Totals
£    £    £    £   
COST
At 1 August 2022 293,926 16,153 359,498 669,577
Additions - - 19,346 19,346
Disposals - - (25,452 ) (25,452 )
At 31 July 2023 293,926 16,153 353,392 663,471
DEPRECIATION
At 1 August 2022 53,821 11,032 168,991 233,844
Charge for year 5,007 807 27,382 33,196
Eliminated on disposal - - (25,452 ) (25,452 )
At 31 July 2023 58,828 11,839 170,921 241,588
NET BOOK VALUE
At 31 July 2023 235,098 4,314 182,471 421,883
At 31 July 2022 240,105 5,121 190,507 435,733

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

Plant and
machinery
etc
£   
COST
At 1 August 2022 75,300
Additions 16,000
Transfer to ownership (75,300 )
At 31 July 2023 16,000
DEPRECIATION
At 1 August 2022 14,323
Charge for year 1,000
Transfer to ownership (14,323 )
At 31 July 2023 1,000
NET BOOK VALUE
At 31 July 2023 15,000
At 31 July 2022 60,977

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 41,220 10,792

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 3,500 11,779
Trade creditors 32,529 19,662
Taxation and social security 12,961 15,587
Other creditors 130,345 120,169
179,335 167,197

Kirklington Farms Limited (Registered number: 02078618)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 1,750 -

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 5,250 11,779

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2