A & JM Bunting Limited 06748903 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is dairy farming Digita Accounts Production Advanced 6.30.9574.0 true 06748903 2023-04-01 2024-03-31 06748903 2024-03-31 06748903 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-03-31 06748903 core:CurrentFinancialInstruments 2024-03-31 06748903 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06748903 core:FurnitureFittingsToolsEquipment 2024-03-31 06748903 core:LandBuildings 2024-03-31 06748903 core:OtherPropertyPlantEquipment 2024-03-31 06748903 bus:SmallEntities 2023-04-01 2024-03-31 06748903 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06748903 bus:FilletedAccounts 2023-04-01 2024-03-31 06748903 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06748903 bus:RegisteredOffice 2023-04-01 2024-03-31 06748903 bus:Director1 2023-04-01 2024-03-31 06748903 bus:Director2 2023-04-01 2024-03-31 06748903 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06748903 core:Buildings 2023-04-01 2024-03-31 06748903 core:ComputerEquipment 2023-04-01 2024-03-31 06748903 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 06748903 core:LandBuildings 2023-04-01 2024-03-31 06748903 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 06748903 core:PlantMachinery 2023-04-01 2024-03-31 06748903 countries:UnitedKingdom 2023-04-01 2024-03-31 06748903 2023-03-31 06748903 core:FurnitureFittingsToolsEquipment 2023-03-31 06748903 core:LandBuildings 2023-03-31 06748903 core:OtherPropertyPlantEquipment 2023-03-31 06748903 2022-04-01 2023-03-31 06748903 2023-03-31 06748903 core:CurrentFinancialInstruments 2023-03-31 06748903 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 06748903 core:FurnitureFittingsToolsEquipment 2023-03-31 06748903 core:LandBuildings 2023-03-31 06748903 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 06748903

A & JM Bunting Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

A & JM Bunting Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

A & JM Bunting Limited

Company Information

Directors

Mr A Bunting

Mrs J M Bunting

Registered office

The Old Vicarage
51 St John
Street
Ashbourne
Derbyshire
DE6 1GP

Accountants

Coates and Partners Limited
Chartered Accountants
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

 

A & JM Bunting Limited

(Registration number: 06748903)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

91,450

103,753

Other financial assets

5

1,256

-

 

92,706

103,753

Current assets

 

Stocks

10,135

94,119

Debtors

6

150,631

167,318

Cash at bank and in hand

 

210,040

159,475

 

370,806

420,912

Creditors: Amounts falling due within one year

7

(20,560)

(79,444)

Net current assets

 

350,246

341,468

Total assets less current liabilities

 

442,952

445,221

Provisions for liabilities

(19,779)

(22,567)

Net assets

 

423,173

422,654

Capital and reserves

 

Called up share capital

102

102

Retained earnings

423,071

422,552

Shareholders' funds

 

423,173

422,654

For the financial year ending 31 March 2024 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

A & JM Bunting Limited

(Registration number: 06748903)
Balance Sheet as at 31 March 2024 (continued)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.

Approved and authorised by the Board on 13 September 2024 and signed on its behalf by:
 

.........................................
Mr A Bunting
Director

   
     
 

A & JM Bunting Limited

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

1

General information

The company is a private company limited by share capital incorporated in United Kingdom registration number: 06748903.

The address of its registered office is:
The Old Vicarage
51 St John
Street
Ashbourne
Derbyshire
DE6 1GP
United Kingdom

These financial statements were authorised for issue by the Board on 13 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency is £ sterling.

 

A & JM Bunting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Buildings

5% straight line basis

Plant and machinery

15% reducing balance

Computer equipment

33% straight line basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Biological assets, living plants and animals are included at the lower of cost and estimated selling price less costs to sell. Cost is determined on a first in first out basis, net realisable value is based on estimated selling price, less any costs which may arise on realisation. Purchased livestock is valued at cost of purchase plus costs of rearing to the valuation date or to maturity, if earlier. Livestock which is homebred, farm reared or acquired some time before maturity and matured on the farm is valued at deemed cost at the following rates: cattle and sheep 60% and 75% of open market value, herds and flocks on herd basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 3).

 

A & JM Bunting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

22,979

1,337

265,107

289,423

Additions

-

-

36,000

36,000

Disposals

-

-

(66,150)

(66,150)

At 31 March 2024

22,979

1,337

234,957

259,273

Depreciation

At 1 April 2023

9,495

1,208

174,967

185,670

Charge for the year

1,149

43

11,208

12,400

Eliminated on disposal

-

-

(30,247)

(30,247)

At 31 March 2024

10,644

1,251

155,928

167,823

Carrying amount

At 31 March 2024

12,335

86

79,029

91,450

At 31 March 2023

13,484

129

90,140

103,753

 

A & JM Bunting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

5

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

Additions

1,256

1,256

At 31 March 2024

1,256

1,256

Impairment

Carrying amount

At 31 March 2024

1,256

1,256

6

Debtors

Current

2024
£

2023
£

Trade debtors

-

18,433

Prepayments

3,207

4,634

Other debtors

147,424

144,251

 

150,631

167,318

 

A & JM Bunting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

820

10,740

Taxation and social security

11,434

59,395

Accruals and deferred income

4,235

4,520

Other creditors

4,071

4,789

20,560

79,444

8

Related party transactions

Other transactions with directors

At 1 April 2023 £108,269 was owed to the company by the directors. During the year the directors were advanced £92,374 and repaid £88,932. The maximum amount outstanding during the year was £109,794. The loan was repayable on demand and was subject to interest charged at a rate of 2% per annum.