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REGISTERED NUMBER: 04699348 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Speirs Farms Limited

Speirs Farms Limited (Registered number: 04699348)






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


Speirs Farms Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr G J S Speirs
Mrs A P Speirs
Mr J Speirs





SECRETARY: Mrs A P Speirs





REGISTERED OFFICE: Pepsal End Farm
Pepsal End Lane
Pepperstock
Luton
Bedfordshire
LU1 4LH





REGISTERED NUMBER: 04699348 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Speirs Farms Limited (Registered number: 04699348)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 318,580 292,323

CURRENT ASSETS
Stocks 192,700 201,100
Debtors 5 709 11,832
Cash at bank 49,217 44,110
242,626 257,042
CREDITORS
Amounts falling due within one year 6 119,412 119,641
NET CURRENT ASSETS 123,214 137,401
TOTAL ASSETS LESS CURRENT
LIABILITIES

441,794

429,724

CREDITORS
Amounts falling due after more than one
year

7

(30,556

)

-

PROVISIONS FOR LIABILITIES 8 (79,646 ) (55,499 )
NET ASSETS 331,592 374,225

CAPITAL AND RESERVES
Called up share 9 100 100
Retained earnings 331,492 374,125
SHAREHOLDERS' FUNDS 331,592 374,225

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.

Speirs Farms Limited (Registered number: 04699348)

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 11 July 2024 and were signed on its behalf by:




Mr G J S Speirs - Director Mrs A P Speirs - Director




Mr J Speirs - Director


Speirs Farms Limited (Registered number: 04699348)

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

1. STATUTORY INFORMATION

Speirs 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 recognised once goods have been provided and it is measured at market value of the consideration received or receivable, excluding any discounts, rebates and value added taxes.

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- 20% on reducing balance


Biological assets
Biological assets are valued at their fair value or cost where identified.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Speirs Farms Limited (Registered number: 04699348)

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

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery Totals
£    £    £    £   
COST
At 1 April 2023 230 32,475 545,268 577,973
Additions - - 95,000 95,000
Disposals - - (57,500 ) (57,500 )
At 31 March 2024 230 32,475 582,768 615,473
DEPRECIATION
At 1 April 2023 - 2,908 282,742 285,650
Charge for year - 1,479 61,319 62,798
Eliminated on disposal - - (51,555 ) (51,555 )
At 31 March 2024 - 4,387 292,506 296,893
NET BOOK VALUE
At 31 March 2024 230 28,088 290,262 318,580
At 31 March 2023 230 29,567 262,526 292,323

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors - 8,436
Prepayments and accrued income 709 3,396
709 11,832

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 16,667 -
Trade creditors 65,124 98,530
Other creditors 18,587 -
Directors' current accounts 16,934 19,011
Accrued expenses 2,100 2,100
119,412 119,641

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 30,556 -

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 79,646 55,499

Speirs Farms Limited (Registered number: 04699348)

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

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 55,499
Provided during year 24,147
Balance at 31 March 2024 79,646

9. CALLED UP SHARE

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100