IRIS Accounts Production v24.1.4.33 09492400 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh094924002023-03-31094924002024-03-31094924002023-04-012024-03-31094924002022-03-31094924002022-04-012023-03-31094924002023-03-3109492400ns15:EnglandWales2023-04-012024-03-3109492400ns14:PoundSterling2023-04-012024-03-3109492400ns10:Director12023-04-012024-03-3109492400ns10:Director22023-04-012024-03-3109492400ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3109492400ns10:SmallEntities2023-04-012024-03-3109492400ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3109492400ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3109492400ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3109492400ns10:FullAccounts2023-04-012024-03-3109492400ns10:Director32023-04-012024-03-3109492400ns10:RegisteredOffice2023-04-012024-03-3109492400ns5:CurrentFinancialInstruments2024-03-3109492400ns5:CurrentFinancialInstruments2023-03-3109492400ns5:ShareCapital2024-03-3109492400ns5:ShareCapital2023-03-3109492400ns5:RetainedEarningsAccumulatedLosses2024-03-3109492400ns5:RetainedEarningsAccumulatedLosses2023-03-3109492400ns5:LeaseholdImprovements2023-04-012024-03-3109492400ns5:PlantMachinery2023-04-012024-03-3109492400ns5:FurnitureFittings2023-04-012024-03-3109492400ns5:MotorVehicles2023-04-012024-03-3109492400ns5:ComputerEquipment2023-04-012024-03-3109492400ns5:LeaseholdImprovements2023-03-3109492400ns5:PlantMachinery2023-03-3109492400ns5:FurnitureFittings2023-03-3109492400ns5:LeaseholdImprovements2024-03-3109492400ns5:PlantMachinery2024-03-3109492400ns5:FurnitureFittings2024-03-3109492400ns5:LeaseholdImprovements2023-03-3109492400ns5:PlantMachinery2023-03-3109492400ns5:FurnitureFittings2023-03-3109492400ns5:MotorVehicles2023-03-3109492400ns5:ComputerEquipment2023-03-3109492400ns5:MotorVehicles2024-03-3109492400ns5:ComputerEquipment2024-03-3109492400ns5:MotorVehicles2023-03-3109492400ns5:ComputerEquipment2023-03-3109492400ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3109492400ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3109492400ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-3109492400ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3109492400ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3109492400ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 09492400 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Farnsworths' Fresh Foods (Whalley) Ltd

Farnsworths' Fresh Foods (Whalley) Ltd (Registered number: 09492400)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Farnsworths' Fresh Foods (Whalley) Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs S A Farnsworth
Miss N Farnsworth
Mr M J Smith





REGISTERED OFFICE: Cumberland House
The Sidings
Whalley
Clitheroe
Lancashire
BB7 9SE





REGISTERED NUMBER: 09492400 (England and Wales)





ACCOUNTANTS: Egan Roberts Limited
Accountants
Citygate
Longridge Road
Preston
Lancashire
PR2 5BQ

Farnsworths' Fresh Foods (Whalley) Ltd (Registered number: 09492400)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 137,335 144,811

CURRENT ASSETS
Stocks 57,203 78,569
Debtors 5 101,342 120,018
Cash at bank and in hand 213,034 143,579
371,579 342,166
CREDITORS
Amounts falling due within one year 6 172,121 136,059
NET CURRENT ASSETS 199,458 206,107
TOTAL ASSETS LESS CURRENT
LIABILITIES

336,793

350,918

PROVISIONS FOR LIABILITIES 34,334 -
NET ASSETS 302,459 350,918

CAPITAL AND RESERVES
Called up share capital 90 90
Retained earnings 302,369 350,828
SHAREHOLDERS' FUNDS 302,459 350,918

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Farnsworths' Fresh Foods (Whalley) Ltd (Registered number: 09492400)

Balance Sheet - continued
31 March 2024


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 1 August 2024 and were signed on its behalf by:




Mr M J Smith - Director



Miss N Farnsworth - Director


Farnsworths' Fresh Foods (Whalley) Ltd (Registered number: 09492400)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Farnsworths' Fresh Foods (Whalley) Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% 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.

Farnsworths' Fresh Foods (Whalley) Ltd (Registered number: 09492400)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

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 19 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 15,000 111,759 85,256
Additions - 25,340 -
At 31 March 2024 15,000 137,099 85,256
DEPRECIATION
At 1 April 2023 12,326 67,498 57,370
Charge for year 535 12,680 5,577
At 31 March 2024 12,861 80,178 62,947
NET BOOK VALUE
At 31 March 2024 2,139 56,921 22,309
At 31 March 2023 2,674 44,261 27,886

Farnsworths' Fresh Foods (Whalley) Ltd (Registered number: 09492400)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 177,016 7,509 396,540
Additions - 388 25,728
At 31 March 2024 177,016 7,897 422,268
DEPRECIATION
At 1 April 2023 109,878 4,657 251,729
Charge for year 13,428 984 33,204
At 31 March 2024 123,306 5,641 284,933
NET BOOK VALUE
At 31 March 2024 53,710 2,256 137,335
At 31 March 2023 67,138 2,852 144,811

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 27,408
Reclassification/transfer (27,408 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 17,304
Reclassification/transfer (17,304 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 10,104

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 92,514 103,981
Other debtors - 173
VAT 5,519 14,095
Prepayments 3,309 1,769
101,342 120,018

Farnsworths' Fresh Foods (Whalley) Ltd (Registered number: 09492400)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 2,325
Trade creditors 113,020 69,639
Tax 39,510 47,201
Social security and other taxes 8,489 11,922
Other creditors 1,052 -
Directors' current accounts 7,050 675
Accrued expenses 3,000 4,297
172,121 136,059