2
31/12/2023
2023-12-31
false
false
false
false
false
false
false
false
false
false
true
false
false
true
false
false
false
false
false
false
false
No description of principal activities is disclosed
2023-01-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
12731396
2023-01-01
2023-12-31
12731396
2023-12-31
12731396
2022-12-31
12731396
2022-01-01
2022-12-31
12731396
2022-12-31
12731396
core:PlantMachinery
2023-01-01
2023-12-31
12731396
bus:Director2
2023-01-01
2023-12-31
12731396
core:PlantMachinery
2022-12-31
12731396
core:PlantMachinery
2023-12-31
12731396
core:WithinOneYear
2023-12-31
12731396
core:WithinOneYear
2022-12-31
12731396
core:RetainedEarningsAccumulatedLosses
2023-12-31
12731396
core:RetainedEarningsAccumulatedLosses
2022-12-31
12731396
core:PlantMachinery
2022-12-31
12731396
bus:SmallEntities
2023-01-01
2023-12-31
12731396
bus:AuditExempt-NoAccountantsReport
2023-01-01
2023-12-31
12731396
bus:FullAccounts
2023-01-01
2023-12-31
12731396
bus:SmallCompaniesRegimeForAccounts
2023-01-01
2023-12-31
12731396
bus:CompanyLimitedByGuarantee
2023-01-01
2023-12-31
REGISTRAR
Company registration number:
12731396
Zerodig Farms Limited
Company limited by guarantee
Unaudited filleted financial statements
31 December 2023
Zerodig Farms Limited
Company limited by guarantee
Contents
Statement of financial position
Notes to the financial statements
Zerodig Farms Limited
Company limited by guarantee
Statement of financial position
31 December 2023
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
6 |
21,599 |
|
|
|
15,907 |
|
|
Investments |
|
|
- |
|
|
|
29 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
21,599 |
|
|
|
15,936 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Debtors |
|
7 |
4,510 |
|
|
|
1,558 |
|
|
Cash at bank and in hand |
|
|
11,020 |
|
|
|
20,261 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
15,530 |
|
|
|
21,819 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
8 |
(
217,394) |
|
|
|
(
167,280) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current liabilities |
|
|
|
|
(
201,864) |
|
|
|
(
145,461) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
(
180,265) |
|
|
|
(
129,525) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net liabilities |
|
|
|
|
(
180,265) |
|
|
|
(
129,525) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Profit and loss account |
|
|
|
|
(
180,265) |
|
|
|
(
129,525) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Members deficit |
|
|
|
|
(
180,265) |
|
|
|
(
129,525) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
09 August 2024
, and are signed on behalf of the board by:
Christopher Upton
Director
Company registration number:
12731396
Zerodig Farms Limited
Company limited by guarantee
Notes to the financial statements
Year ended 31 December 2023
1.
General information
The company is a private company limited by guarantee, registered in in England. The address of the registered office is 13 Portland Road, Edgbaston, Birmingham, B16 9HN.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.The accounts are rounded to the nearest £1.
Going concern
The directors will continue the current and future sources of funding or support for a period of twelve months from the date of approval of the financial statements and this will be more than adequate for the company's needs.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Plant and machinery |
- |
15 % |
straight line |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
4.
Limited by guarantee
The liability of the members is limited to a maximum of £1 per member upon the winding up of the company.
5.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2022:
3
).
6.
Tangible assets
|
|
Plant and machinery |
Total |
|
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 January 2023 |
23,452 |
23,452 |
|
|
|
|
|
|
Additions |
15,554 |
15,554 |
|
|
|
|
|
|
Disposals |
(
1,000) |
(
1,000) |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
At 31 December 2023 |
38,006 |
38,006 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 January 2023 |
7,545 |
7,545 |
|
|
|
|
|
|
Charge for the year |
9,162 |
9,162 |
|
|
|
|
|
|
Disposals |
(
300) |
(
300) |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
At 31 December 2023 |
16,407 |
16,407 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 December 2023 |
21,599 |
21,599 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
At 31 December 2022 |
15,907 |
15,907 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7.
Debtors
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade debtors |
|
4,510 |
1,558 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Other creditors |
|
217,394 |
167,280 |
|
|
|
_______ |
_______ |
|
|
|
|
|