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REGISTERED NUMBER: 10699906 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

BAINSBECK FARMS LTD

BAINSBECK FARMS LTD (REGISTERED NUMBER: 10699906)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

BAINSBECK FARMS LTD

COMPANY INFORMATION
for the Year Ended 31st March 2024







DIRECTORS: Mr A J Hayton
Mrs M R Hayton





REGISTERED OFFICE: Bainsbeck Barn
Arkholme
CARNFORTH
Lancashire
LA6 1BA





REGISTERED NUMBER: 10699906 (England and Wales)





ACCOUNTANTS: Taylor, Robertson & Willett Ltd
95 King Street
Lancaster
Lancashire
LA1 1RH

BAINSBECK FARMS LTD (REGISTERED NUMBER: 10699906)

BALANCE SHEET
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 103,135 77,130

CURRENT ASSETS
Stocks 50,950 34,650
Debtors 5 - 97,129
Cash at bank 13,879 38
64,829 131,817
CREDITORS
Amounts falling due within one year 6 110,605 162,530
NET CURRENT LIABILITIES (45,776 ) (30,713 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,359

46,417

CREDITORS
Amounts falling due after more than one year 7 12,582 22,504
NET ASSETS 44,777 23,913

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 44,677 23,813
SHAREHOLDERS' FUNDS 44,777 23,913

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

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

BAINSBECK FARMS LTD (REGISTERED NUMBER: 10699906)

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

The financial statements were approved by the Board of Directors and authorised for issue on 9th September 2024 and were signed on its behalf by:





Mr A J Hayton - Director


BAINSBECK FARMS LTD (REGISTERED NUMBER: 10699906)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Bainsbeck Farms Ltd 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.
Plant and machinery - 15% on reducing balance
Motor & tractor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

BAINSBECK FARMS LTD (REGISTERED NUMBER: 10699906)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor &
Freehold Plant and tractor
property machinery vehicles Totals
£    £    £    £   
COST
At 1st April 2023 25,918 64,197 20,000 110,115
Additions 29,756 5,200 - 34,956
At 31st March 2024 55,674 69,397 20,000 145,071
DEPRECIATION
At 1st April 2023 - 19,181 13,804 32,985
Charge for year - 7,402 1,549 8,951
At 31st March 2024 - 26,583 15,353 41,936
NET BOOK VALUE
At 31st March 2024 55,674 42,814 4,647 103,135
At 31st March 2023 25,918 45,016 6,196 77,130

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 84,848
Other debtors - 12,281
- 97,129

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 2,745 -
Taxation and social security 3,513 2,217
Other creditors 93,699 149,665
110,605 162,530

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,582 22,504

BAINSBECK FARMS LTD (REGISTERED NUMBER: 10699906)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2024

8. RELATED PARTY DISCLOSURES

AJ Hayton Welding & Fabrication Ltd

A company owned and controlled by the director Mr AJ Hayton.

Rent was charged by the related party during the year, amounting to £6,000 (2023 £6,000).

Amount due to related party at the balance sheet date £6,000 (2023 Nil).

BAINSBECK FARMS LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
BAINSBECK FARMS LTD

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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st March 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Our report is prepared solely for the confidential use of the directors and should not be relied upon by any third party without prior reference to ourselves.






Taylor, Robertson & Willett Ltd
95 King Street
Lancaster
Lancashire
LA1 1RH


9th September 2024