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REGISTERED NUMBER: 07389930 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2023

FOR

G R FARMS LIMITED

G R FARMS LIMITED (REGISTERED NUMBER: 07389930)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G R FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2023







DIRECTOR: J G Roberts





SECRETARY: J G Roberts





REGISTERED OFFICE: High Street
Weaverham
Northwich
Cheshire
CW8 3HA





REGISTERED NUMBER: 07389930 (England and Wales)

G R FARMS LIMITED (REGISTERED NUMBER: 07389930)

BALANCE SHEET
30TH SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,450,502 1,365,434

CURRENT ASSETS
Stocks 256,240 281,800
Debtors 5 740,770 608,542
Cash at bank 76,116 78,664
1,073,126 969,006
CREDITORS
Amounts falling due within one year 6 774,058 849,962
NET CURRENT ASSETS 299,068 119,044
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,749,570

1,484,478

CREDITORS
Amounts falling due after more than
one year

7

(202,516

)

(183,945

)

PROVISIONS FOR LIABILITIES (86,020 ) (72,896 )
NET ASSETS 1,461,034 1,227,637

G R FARMS LIMITED (REGISTERED NUMBER: 07389930)

BALANCE SHEET - continued
30TH SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,460,834 1,227,437
1,461,034 1,227,637

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 31st July 2024 and were signed by:





J G Roberts - Director


G R FARMS LIMITED (REGISTERED NUMBER: 07389930)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


1. STATUTORY INFORMATION

G R 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.

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.
Freehold property - 5% on cost
Plant and machinery - 20% 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.

G R FARMS LIMITED (REGISTERED NUMBER: 07389930)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
FINANCIAL ASSETS

Trade, group and other debtors

Trade, group and other debtors (including accrued income) which are receivable within one year and which do not constitute a financing transaction are initially measured at the transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled and any impairment losses.

A provision for impairment of trade debtors is established where there is objective evidence that the amounts due will not be collected according to the original terms of the contract. Impairment losses are recognised in profit or loss for the excess of the carrying value of the trade debtor over the present value of the future cash flows discounted using the original effective interest rate. Subsequent reversals of an impairment loss that objectively relate to an event occurring after the impairment loss was recognised, are recognised immediately in profit or loss.

FINANCIAL LIABILITIES

Trade, group and other creditors

Trade, group and other creditors (including accruals) payable within one year that do not constitute a financing transaction are initially measured at the transaction price and subsequently measured at amortised cost, being transaction price less any amounts settled.

Derecognition of financial assets and liabilities

A financial asset is only derecognised when the contractual rights to cash flows expire or are settled, or substantially all the risks and rewards of ownership are transferred to another party, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party. A financial liability (or part thereof) is derecognised when the obligation specified in the contract is discharged, cancelled or expires.

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.

G R FARMS LIMITED (REGISTERED NUMBER: 07389930)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH 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 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
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 11 (2022 - 9 ) .

G R FARMS LIMITED (REGISTERED NUMBER: 07389930)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


4. TANGIBLE FIXED ASSETS
Freehold Plant and Herd
property machinery account Totals
£    £    £    £   
COST
At 1st October 2022 275,427 857,032 792,059 1,924,518
Additions - 233,926 12,860 246,786
Disposals - (44,750 ) - (44,750 )
At 30th September 2023 275,427 1,046,208 804,919 2,126,554
DEPRECIATION
At 1st October 2022 85,716 473,368 - 559,084
Charge for year 13,855 125,495 - 139,350
Eliminated on disposal - (22,382 ) - (22,382 )
At 30th September 2023 99,571 576,481 - 676,052
NET BOOK VALUE
At 30th September 2023 175,856 469,727 804,919 1,450,502
At 30th September 2022 189,711 383,664 792,059 1,365,434

5. DEBTORS
30.9.23 30.9.22
£    £   
Amounts falling due within one year:
Trade debtors 230,609 343,883
Other debtors 462,968 218,106
693,577 561,989

Amounts falling due after more than one year:
Other debtors 47,193 46,553

Aggregate amounts 740,770 608,542

G R FARMS LIMITED (REGISTERED NUMBER: 07389930)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.9.23 30.9.22
£    £   
Hire purchase contracts 106,964 83,456
Trade creditors 329,420 424,397
Taxation and social security 151,712 99,354
Other creditors 185,962 242,755
774,058 849,962

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
30.9.23 30.9.22
£    £   
Hire purchase contracts 202,516 183,945

8. RELATED PARTY DISCLOSURES

J & J G Roberts (Directors partnership) owed GR Farms Limited £459,653 as at 30th September 2023.