IRIS Accounts Production v24.1.9.2 05728932 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh057289322023-03-31057289322024-03-31057289322023-04-012024-03-31057289322022-03-31057289322022-04-012023-03-31057289322023-03-3105728932ns15:EnglandWales2023-04-012024-03-3105728932ns14:PoundSterling2023-04-012024-03-3105728932ns10:Director12023-04-012024-03-3105728932ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3105728932ns10:SmallEntities2023-04-012024-03-3105728932ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3105728932ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3105728932ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3105728932ns10:FullAccounts2023-04-012024-03-3105728932ns10:Director22023-04-012024-03-3105728932ns10:CompanySecretary12023-04-012024-03-3105728932ns10:RegisteredOffice2023-04-012024-03-3105728932ns5:CurrentFinancialInstruments2024-03-3105728932ns5:CurrentFinancialInstruments2023-03-3105728932ns5:ShareCapital2024-03-3105728932ns5:ShareCapital2023-03-3105728932ns5:CapitalRedemptionReserve2024-03-3105728932ns5:CapitalRedemptionReserve2023-03-3105728932ns5:RetainedEarningsAccumulatedLosses2024-03-3105728932ns5:RetainedEarningsAccumulatedLosses2023-03-3105728932ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-04-012024-03-3105728932ns5:PlantMachinery2023-04-012024-03-3105728932ns5:MotorVehicles2023-04-012024-03-3105728932ns5:ComputerEquipment2023-04-012024-03-3105728932ns5:LandBuildings2023-03-3105728932ns5:PlantMachinery2023-03-3105728932ns5:FurnitureFittings2023-03-3105728932ns5:LandBuildings2023-04-012024-03-3105728932ns5:FurnitureFittings2023-04-012024-03-3105728932ns5:LandBuildings2024-03-3105728932ns5:PlantMachinery2024-03-3105728932ns5:FurnitureFittings2024-03-3105728932ns5:LandBuildings2023-03-3105728932ns5:PlantMachinery2023-03-3105728932ns5:FurnitureFittings2023-03-3105728932ns5:MotorVehicles2023-03-3105728932ns5:ComputerEquipment2023-03-3105728932ns5:MotorVehicles2024-03-3105728932ns5:ComputerEquipment2024-03-3105728932ns5:MotorVehicles2023-03-3105728932ns5:ComputerEquipment2023-03-3105728932ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3105728932ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 05728932 (England and Wales)















Leach Farms Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Leach Farms Limited (Registered number: 05728932)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4 to 6


Leach Farms Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: T Leach
S Leach





SECRETARY: S Leach





REGISTERED OFFICE: Chandos House
School Lane
Buckingham
Buckinghamshire
MK18 1HD





REGISTERED NUMBER: 05728932 (England and Wales)





ACCOUNTANTS: Tearle & Carver Limited
Chandos House
School Lane
Buckingham
Buckinghamshire
MK18 1HD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Leach Farms Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Leach Farms Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Leach Farms Limited, as a body, in accordance with the terms of our engagement letter dated 1 June 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Leach Farms Limited and state those matters that we have agreed to state to the Board of Directors of Leach Farms Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Leach Farms Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Leach Farms Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Leach Farms Limited. You consider that Leach Farms Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Leach Farms Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tearle & Carver Limited
Chandos House
School Lane
Buckingham
Buckinghamshire
MK18 1HD


23 August 2024

Leach Farms Limited (Registered number: 05728932)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 440,144 461,729

CURRENT ASSETS
Stocks 145,572 146,011
Debtors 5 3,836 3,110
Cash at bank and in hand 172,423 192,889
321,831 342,010
CREDITORS
Amounts falling due within one year 6 430,570 363,828
NET CURRENT LIABILITIES (108,739 ) (21,818 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

331,405

439,911

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Capital redemption reserve 3,000 3,000
Retained earnings 308,405 416,911
SHAREHOLDERS' FUNDS 331,405 439,911

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.

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 23 August 2024 and were signed on its behalf by:





T Leach - Director


Leach Farms Limited (Registered number: 05728932)

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

1. STATUTORY INFORMATION

Leach 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.
Freehold property - 2% on cost
Plant and machinery - 12.5% on reducing balance
Motor vehicles - 25% on reducing balance
Office Equipment and F&F - 25% 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 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.

Leach Farms Limited (Registered number: 05728932)

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 549,808 271,281 12,870
Additions - - 311
At 31 March 2024 549,808 271,281 13,181
DEPRECIATION
At 1 April 2023 195,894 164,306 12,870
Charge for year 8,272 13,372 42
At 31 March 2024 204,166 177,678 12,912
NET BOOK VALUE
At 31 March 2024 345,642 93,603 269
At 31 March 2023 353,914 106,975 -

Office
Motor Equipment
vehicles and F&F Totals
£    £    £   
COST
At 1 April 2023 66,275 24,197 924,431
Additions - - 311
At 31 March 2024 66,275 24,197 924,742
DEPRECIATION
At 1 April 2023 65,435 24,197 462,702
Charge for year 210 - 21,896
At 31 March 2024 65,645 24,197 484,598
NET BOOK VALUE
At 31 March 2024 630 - 440,144
At 31 March 2023 840 - 461,729

Leach Farms Limited (Registered number: 05728932)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,836 3,110

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 1,414
Hire purchase contracts - 7,262
Wages & salaries control 5,769 -
Trade creditors 3 4
Taxation and social security 5,400 3,205
Other creditors 419,398 351,943
430,570 363,828