Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-314truetrue2023-04-01falseNo description of principal activity4The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11403519 2023-04-01 2024-03-31 11403519 2022-04-01 2023-03-31 11403519 2024-03-31 11403519 2023-03-31 11403519 c:Director1 2023-04-01 2024-03-31 11403519 c:Director2 2023-04-01 2024-03-31 11403519 d:Buildings 2023-04-01 2024-03-31 11403519 d:Buildings 2024-03-31 11403519 d:Buildings 2023-03-31 11403519 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11403519 d:PlantMachinery 2023-04-01 2024-03-31 11403519 d:PlantMachinery 2024-03-31 11403519 d:PlantMachinery 2023-03-31 11403519 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11403519 d:FurnitureFittings 2023-04-01 2024-03-31 11403519 d:FurnitureFittings 2024-03-31 11403519 d:FurnitureFittings 2023-03-31 11403519 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11403519 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11403519 d:CurrentFinancialInstruments 2024-03-31 11403519 d:CurrentFinancialInstruments 2023-03-31 11403519 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11403519 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11403519 d:ShareCapital 2024-03-31 11403519 d:ShareCapital 2023-03-31 11403519 d:RetainedEarningsAccumulatedLosses 2024-03-31 11403519 d:RetainedEarningsAccumulatedLosses 2023-03-31 11403519 c:FRS102 2023-04-01 2024-03-31 11403519 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11403519 c:FullAccounts 2023-04-01 2024-03-31 11403519 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11403519 2 2023-04-01 2024-03-31 11403519 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 11403519










BORDER FARMING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
BORDER FARMING LIMITED
REGISTERED NUMBER:11403519

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
408,526
269,768

  
408,526
269,768

Current assets
  

Stocks
  
1,420
200

Debtors: amounts falling due within one year
 5 
40,966
38,823

Cash at bank and in hand
  
326,253
434,915

  
368,639
473,938

Creditors: amounts falling due within one year
 6 
(47,287)
(49,503)

Net current assets
  
 
 
321,352
 
 
424,435

Total assets less current liabilities
  
729,878
694,203

Provisions for liabilities
  

Deferred tax
  
(51,778)
(67,442)

  
 
 
(51,778)
 
 
(67,442)

Net assets
  
678,100
626,761


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
678,000
626,661

  
678,100
626,761


Page 1

 
BORDER FARMING LIMITED
REGISTERED NUMBER:11403519
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
R J Pilch
................................................
Mrs S E Pilch
Director
Director


Date: 9 July 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BORDER FARMING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Border Farming Limited is a private company limited by shares and incorporated in England and Wales, registration number 11403519. The registered office is Black Horse Farm, Syleham, Eye, Suffolk, England, IP21 4LP. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. 
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
BORDER FARMING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
Plant and machinery
-
15%
Reducing balance
Tractors
-
20%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
BORDER FARMING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 5

 
BORDER FARMING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Tractors
Total

£
£
£
£



Cost or valuation


At 1 April 2023
-
348,828
120,020
468,848


Additions
164,886
15,367
5,000
185,253


Disposals
-
(67)
-
(67)



At 31 March 2024

164,886
364,128
125,020
654,034



Depreciation


At 1 April 2023
-
133,050
66,030
199,080


Charge for the year on owned assets
-
34,667
11,798
46,465


Disposals
-
(37)
-
(37)



At 31 March 2024

-
167,680
77,828
245,508



Net book value



At 31 March 2024
164,886
196,448
47,192
408,526



At 31 March 2023
-
215,778
53,990
269,768

Page 6

 
BORDER FARMING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
25,966
38,823

Prepayments and accrued income
15,000
-

40,966
38,823



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
7,297
3,573

Corporation tax
8,662
32,673

Other taxation and social security
7,626
6,482

Other creditors
21,827
5,000

Accruals and deferred income
1,875
1,775

47,287
49,503


 
Page 7