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REGISTERED NUMBER: 11054221 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

FEEDERLAND LIMITED

FEEDERLAND LIMITED (REGISTERED NUMBER: 11054221)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FEEDERLAND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: A Fabian





REGISTERED OFFICE: 29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU





REGISTERED NUMBER: 11054221 (England and Wales)





ACCOUNTANTS: Advanta
Chartered Accountants
29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU

FEEDERLAND LIMITED (REGISTERED NUMBER: 11054221)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,875 1,930

CURRENT ASSETS
Stocks 5 46,000 42,000
Debtors 6 288 811
Cash at bank and in hand 2,900 7,867
49,188 50,678
CREDITORS
Amounts falling due within one year 7 37,656 28,361
NET CURRENT ASSETS 11,532 22,317
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,407

24,247

PROVISIONS FOR LIABILITIES 8 356 367
NET ASSETS 13,051 23,880

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 12,951 23,780
SHAREHOLDERS' FUNDS 13,051 23,880

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

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

The director acknowledges his 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 director and authorised for issue on 30 July 2024 and were signed by:





A Fabian - Director


FEEDERLAND LIMITED (REGISTERED NUMBER: 11054221)

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


1. STATUTORY INFORMATION

Feederland 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 represents amounts receivable for sale of anglers fishing equipment, net of value added tax.

Revenue from the sale of goods is recognised when the significant risks and rewards and ownership of the goods have been passed to the buyer (usually on dispatch of goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transactions will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 25% on reducing balance
Computer equipment - Over 3 years

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

FEEDERLAND LIMITED (REGISTERED NUMBER: 11054221)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


4. TANGIBLE FIXED ASSETS
Plant & Furniture,fittings Computer
machinery & equipment equipment Totals
£    £    £    £   
COST
At 1 November 2022 2,527 378 1,200 4,105
Additions - - 1,093 1,093
At 31 October 2023 2,527 378 2,293 5,198
DEPRECIATION
At 1 November 2022 1,280 95 800 2,175
Charge for year 312 71 765 1,148
At 31 October 2023 1,592 166 1,565 3,323
NET BOOK VALUE
At 31 October 2023 935 212 728 1,875
At 31 October 2022 1,247 283 400 1,930

5. STOCKS
2023 2022
£    £   
Stocks 46,000 42,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 288 811

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,396 2,424
Tax 1,043 5,875
VAT 6,222 3,476
Other creditors 343 336
Directors' current accounts 24,421 15,046
Accrued expenses 1,231 1,204
37,656 28,361

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 356 367

Deferred
tax
£   
Balance at 1 November 2022 367
Provided during year (11 )
Balance at 31 October 2023 356