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REGISTERED NUMBER: 09669100 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

C & H Ford Farm Ltd

C & H Ford Farm Ltd (Registered number: 09669100)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C & H Ford Farm Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: C R Ford
Mrs H S Ford





REGISTERED OFFICE: 128 High Street
Crediton
Devon
EX17 3LQ





REGISTERED NUMBER: 09669100 (England and Wales)





ACCOUNTANTS: Bedford & Co Limited
128 High Street
Crediton
Devon
EX17 3LQ

C & H Ford Farm Ltd (Registered number: 09669100)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 776,836 433,856
776,836 433,856

CURRENT ASSETS
Stocks 1,156,361 1,076,939
Debtors 6 298,207 431,615
Cash at bank 586,659 -
2,041,227 1,508,554
CREDITORS
Amounts falling due within one year 7 1,331,562 1,143,071
NET CURRENT ASSETS 709,665 365,483
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,486,501

799,339

CREDITORS
Amounts falling due after more than one
year

8

-

(9,421

)

PROVISIONS FOR LIABILITIES (191,438 ) (65,023 )
NET ASSETS 1,295,063 724,895

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,294,963 724,795
SHAREHOLDERS' FUNDS 1,295,063 724,895

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 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.

C & H Ford Farm Ltd (Registered number: 09669100)

Balance Sheet - continued
30 November 2023


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 5 August 2024 and were signed on its behalf by:





C R Ford - Director


C & H Ford Farm Ltd (Registered number: 09669100)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

C & H Ford Farm 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.

The company's place of business is Peadon Farm, Fiddington, Bridgwater, Somerset, TA5 1JH.

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 from the sale of goods, excluding discounts, rebates, value added tax and other sales taxes.
Revenue is recognised when goods are delivered to customers such that risks and rewards of ownership have been transferred to them and that there is sufficient reliable evidence that delivery of goods has occurred.

Quotas and entitlements
Being the amount paid in connection with the acquisition of quota and entitlement rights in 2015, has been fully amortised evenly over its estimated useful life of five years.

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

Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to sell.

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.

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.

C & H Ford Farm Ltd (Registered number: 09669100)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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.

Biological assets
Biological assets, living plants and animals have been valued at the lower of cost and estimated selling price less costs to sell. Where cost is not readily available, deemed cost is used.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022
and 30 November 2023 14,760
AMORTISATION
At 1 December 2022
and 30 November 2023 14,760
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 925,794
Additions 644,344
Disposals (225,300 )
At 30 November 2023 1,344,838
DEPRECIATION
At 1 December 2022 491,938
Charge for year 158,545
Eliminated on disposal (82,481 )
At 30 November 2023 568,002
NET BOOK VALUE
At 30 November 2023 776,836
At 30 November 2022 433,856

C & H Ford Farm Ltd (Registered number: 09669100)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS - continued

Included in the above figures are assets under hire purchase and finance lease agreements with a net book value of nil (2022 - £71,396). The depreciation charged on these assets during the year was nil (2022 - £34,863)

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 283,905 402,751
Other debtors 14,302 28,864
298,207 431,615

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 36,458 46,526
Hire purchase contracts - 22,817
Taxation and social security 82,928 32,644
Other creditors 1,212,176 1,041,084
1,331,562 1,143,071

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts - 9,421

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank overdrafts 10,625 10,693
Bank loans 25,833 35,833
Hire purchase contracts - 32,238
36,458 78,764

The company's bankers, Barclays Bank PLC hold a fixed and floating charge over the property or undertaking of the company dated 11 August 2015.