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REGISTERED NUMBER: 05132862 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Severn Valley Farmers Ltd

Severn Valley Farmers Ltd (Registered number: 05132862)






Contents of the Financial Statements
for the year ended 30 September 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Severn Valley Farmers Ltd

Company Information
for the year ended 30 September 2023







DIRECTORS: R W Adams
A W Jebb
D A Lee
R L Trow
M C Jones
D J Powell
R N Bowdler
M A Leeke


REGISTERED OFFICE: C/o Caerwyn Jones Emstrey
House Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG


REGISTERED NUMBER: 05132862 (England and Wales)


ACCOUNTANTS: Caerwyn Jones
Chartered Accountants
Emstrey House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG


BANKERS: Lloyds Bank Plc
1 Pride Hill
Shrewsbury
Shropshire
SY1 1DG

Severn Valley Farmers Ltd (Registered number: 05132862)

Statement of Financial Position
30 September 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 310,644 440,833
Cash at bank 28,519 92,624
339,163 533,457
CREDITORS
Amounts falling due within one year 5 256,698 438,791
NET CURRENT ASSETS 82,465 94,666
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,465

94,666

CREDITORS
Amounts falling due after more than
one year

6

85,305

93,493
NET (LIABILITIES)/ASSETS (2,840 ) 1,173

RESERVES
Income and expenditure account (2,840 ) 1,173
(2,840 ) 1,173

Severn Valley Farmers Ltd (Registered number: 05132862)

Statement of Financial Position - continued
30 September 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 surplus or deficit 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 30 July 2024 and were signed on its behalf by:





M C Jones - Director


Severn Valley Farmers Ltd (Registered number: 05132862)

Notes to the Financial Statements
for the year ended 30 September 2023

1. STATUTORY INFORMATION

Severn Valley Farmers Ltd is a private company, limited by guarantee , 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.

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 statement of financial position date.


Severn Valley Farmers Ltd (Registered number: 05132862)

Notes to the Financial Statements - continued
for the year ended 30 September 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 statement of financial position 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 NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 309,844 440,206
Other debtors 800 627
310,644 440,833

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 250,146 432,674
Taxation and social security 4,876 2,919
Other creditors 1,676 3,198
256,698 438,791

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 85,305 93,493

7. LIMITED BY GUARANTEE

The company is limited by guarantee. Each members liability is restricted to £10.