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REGISTERED NUMBER: 05186385 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

HOME FARM BAKERY LIMITED

HOME FARM BAKERY LIMITED (REGISTERED NUMBER: 05186385)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOME FARM BAKERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: J Clare
Mrs J Clare





SECRETARY: Mrs J Clare





REGISTERED OFFICE: 230 Pontefract Road
Lundwood
Barnsley
South Yorkshire
S71 5PN





REGISTERED NUMBER: 05186385 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

HOME FARM BAKERY LIMITED (REGISTERED NUMBER: 05186385)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,000 10,000
Tangible assets 5 612,345 480,638
617,345 490,638

CURRENT ASSETS
Stocks 6 29,300 27,700
Debtors 7 9,164 30,328
Cash at bank and in hand 32,410 3,212
70,874 61,240
CREDITORS
Amounts falling due within one year 8 324,618 197,771
NET CURRENT LIABILITIES (253,744 ) (136,531 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

363,601

354,107

CREDITORS
Amounts falling due after more than one
year

9

(85,700

)

(124,923

)

PROVISIONS FOR LIABILITIES 12 (85,032 ) (70,707 )
NET ASSETS 192,869 158,477

CAPITAL AND RESERVES
Called up share capital 13 100 100
Retained earnings 192,769 158,377
SHAREHOLDERS' FUNDS 192,869 158,477

HOME FARM BAKERY LIMITED (REGISTERED NUMBER: 05186385)

BALANCE SHEET - continued
30TH NOVEMBER 2023


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

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

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 Profit and Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th August 2024 and were signed on its behalf by:




J Clare - Director



Mrs J Clare - Director


HOME FARM BAKERY LIMITED (REGISTERED NUMBER: 05186385)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

Home Farm Bakery 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to leasehold - 2% on cost
Fixtures, fittings & equipment - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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 Profit and Loss Account 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.

HOME FARM BAKERY LIMITED (REGISTERED NUMBER: 05186385)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2022 - 48 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st December 2022
and 30th November 2023 100,000
AMORTISATION
At 1st December 2022 90,000
Amortisation for year 5,000
At 30th November 2023 95,000
NET BOOK VALUE
At 30th November 2023 5,000
At 30th November 2022 10,000

5. TANGIBLE FIXED ASSETS
Improvements Fixtures,
Freehold to fittings
property leasehold & equipment
£    £    £   
COST
At 1st December 2022 - 128,878 685,225
Additions 129,510 - 65,759
Disposals - - -
At 30th November 2023 129,510 128,878 750,984
DEPRECIATION
At 1st December 2022 - 20,381 405,004
Charge for year - 2,577 31,742
Eliminated on disposal - - -
At 30th November 2023 - 22,958 436,746
NET BOOK VALUE
At 30th November 2023 129,510 105,920 314,238
At 30th November 2022 - 108,497 280,221

HOME FARM BAKERY LIMITED (REGISTERED NUMBER: 05186385)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st December 2022 134,876 8,151 957,130
Additions 556 6,422 202,247
Disposals (24,995 ) - (24,995 )
At 30th November 2023 110,437 14,573 1,134,382
DEPRECIATION
At 1st December 2022 43,696 7,411 476,492
Charge for year 14,237 1,571 50,127
Eliminated on disposal (4,582 ) - (4,582 )
At 30th November 2023 53,351 8,982 522,037
NET BOOK VALUE
At 30th November 2023 57,086 5,591 612,345
At 30th November 2022 91,180 740 480,638

Included in the net book value of tangible fixed assets held at 30th November 2023 was £91226 (2022 £65992) in respect of assets held under finance leases and hire purchase contracts.


6. STOCKS
2023 2022
£    £   
Stocks 29,300 27,700

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 8,428 4,402
Directors' current accounts - 18,953
VAT - 6,127
Prepayments 736 846
9,164 30,328

HOME FARM BAKERY LIMITED (REGISTERED NUMBER: 05186385)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 10) 51,225 39,051
Hire purchase contracts 13,638 18,809
Trade creditors 78,726 89,567
Tax 38,855 2,770
Social security and other taxes 10,637 8,602
VAT 3,327 -
Other creditors 8,042 9,199
Directors' current accounts 90,996 -
Accrued expenses 29,172 29,773
324,618 197,771

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 10) 45,943 104,625
Hire purchase contracts 39,757 20,298
85,700 124,923

10. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 11,308 9,039
Bank loans 39,917 30,012
51,225 39,051

Amounts falling due between two and five years:
Bank loans - more than 1 year 45,943 104,625

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 11,308 9,039
Bank loans 85,860 134,637
Hire purchase contracts 53,395 39,107
150,563 182,783

HOME FARM BAKERY LIMITED (REGISTERED NUMBER: 05186385)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

12. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 85,032 70,707

Deferred
tax
£   
Balance at 1st December 2022 70,707
Provided during year 14,325
Movement in the year
Balance at 30th November 2023 85,032

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
98 Ordinary £1 98 98
1 Ordinary "A" £1 1 1
1 Ordinary "B" £1 1 1
100 100

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th November 2023 and 30th November 2022:

2023 2022
£    £   
J Clare
Balance outstanding at start of year 9,476 5,435
Amounts advanced - 4,041
Amounts repaid (9,476 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 9,476

Mrs J Clare
Balance outstanding at start of year 9,476 5,435
Amounts advanced - 4,041
Amounts repaid (9,476 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 9,476

HOME FARM BAKERY LIMITED (REGISTERED NUMBER: 05186385)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

15. RELATED PARTY DISCLOSURES

The directors consider the following to be related parties of the company;

Mr and Mrs J Clare Directors of the company

Transactions with the above related parties were made on a normal commercial basis and were as follows;

2023 2022
£    £   

Rent of premises owned or leased by Mr and Mrs J Clare 30000 30000


The following balances were owed to/(due from) the company as at 30th November;

2023 2022
£    £   

Mr and Mrs J Clare 0 18953

During the year the company bought a property from the directors at market value.

16. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of the directors by virtue of their controlling shareholding in the company.