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REGISTERED NUMBER: 02451328 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

DUNNING FARMS LIMITED

DUNNING FARMS LIMITED (REGISTERED NUMBER: 02451328)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DUNNING FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTOR: J P Dunning





REGISTERED OFFICE: Staddlestones Farm
Penton Mewsey
Andover
SP11 0RQ





REGISTERED NUMBER: 02451328 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

DUNNING FARMS LIMITED (REGISTERED NUMBER: 02451328)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,849 19,243

CURRENT ASSETS
Stocks 163,515 264,048
Debtors 5 123,932 62,607
Cash at bank 127,549 99,725
414,996 426,380
CREDITORS
Amounts falling due within one year 6 152,257 197,126
NET CURRENT ASSETS 262,739 229,254
TOTAL ASSETS LESS CURRENT
LIABILITIES

267,588

248,497

CREDITORS
Amounts falling due after more than one
year

7

-

(18,788

)

PROVISIONS FOR LIABILITIES (1,212 ) (3,656 )
NET ASSETS 266,376 226,053

CAPITAL AND RESERVES
Called up share capital 8 95 95
Retained earnings 9 266,281 225,958
SHAREHOLDERS' FUNDS 266,376 226,053

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

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

DUNNING FARMS LIMITED (REGISTERED NUMBER: 02451328)

BALANCE SHEET - continued
31ST JANUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6th August 2024 and were signed by:





J P Dunning - Director


DUNNING FARMS LIMITED (REGISTERED NUMBER: 02451328)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024


1. STATUTORY INFORMATION

Dunning 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.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Property improvements - 5% straight line
Plant and machinery - 20% straight line
Motor vehicles - 20% straight line

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 Statement of Income and Retained Earnings, 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.

DUNNING FARMS LIMITED (REGISTERED NUMBER: 02451328)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2023 40,012
Additions 47,855
Disposals (56,740 )
At 31st January 2024 31,127
DEPRECIATION
At 1st February 2023 20,769
Charge for year 8,014
Eliminated on disposal (2,505 )
At 31st January 2024 26,278
NET BOOK VALUE
At 31st January 2024 4,849
At 31st January 2023 19,243

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 103,344 32,114
Other debtors 20,588 30,493
123,932 62,607

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 10,000
Trade creditors 101,298 50,572
Taxation and social security 43,112 25,309
Other creditors 7,847 111,245
152,257 197,126

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 18,788

DUNNING FARMS LIMITED (REGISTERED NUMBER: 02451328)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
95 Ordinary £1 95 95

9. RESERVES
Retained
earnings
£   

At 1st February 2023 225,958
Profit for the year 127,323
Dividends (87,000 )
At 31st January 2024 266,281