THE FARM SHOP LYNE LTD

Company Registration Number:
06484813 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

THE FARM SHOP LYNE LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

THE FARM SHOP LYNE LTD

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 44,554 0
Tangible assets: 4 55,786 62,592
Total fixed assets: 100,340 62,592
Current assets
Stocks: 244,141 294,776
Debtors: 5 78,370 71,039
Cash at bank and in hand: 30,883 27,709
Total current assets: 353,394 393,524
Creditors: amounts falling due within one year: 6 (602,032) (467,683)
Net current assets (liabilities): (248,638) (74,159)
Total assets less current liabilities: (148,298) (11,567)
Creditors: amounts falling due after more than one year: 7 (53,259) (31,889)
Provision for liabilities: (9,608) (11,892)
Total net assets (liabilities): (211,165) (55,348)
Capital and reserves
Called up share capital: 200 200
Profit and loss account: (211,365) (55,548)
Shareholders funds: (211,165) (55,348)

The notes form part of these financial statements

THE FARM SHOP LYNE LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 September 2024
and signed on behalf of the board by:

Name: D Hollick
Status: Director

The notes form part of these financial statements

THE FARM SHOP LYNE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

THE FARM SHOP LYNE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 21 21

THE FARM SHOP LYNE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 141,621
Additions 49,505
Disposals (141,621)
At 31 December 2023 49,505
Amortisation
At 01 January 2023 141,621
Charge for year 4,951
On disposals (141,621)
At 31 December 2023 4,951
Net book value
At 31 December 2023 44,554
At 31 December 2022 0

THE FARM SHOP LYNE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 248,657
Additions 22,469
Disposals (18,904)
At 31 December 2023 252,222
Depreciation
At 01 January 2023 186,065
Charge for year 25,216
On disposals (14,845)
At 31 December 2023 196,436
Net book value
At 31 December 2023 55,786
At 31 December 2022 62,592

THE FARM SHOP LYNE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

Trade Debtors £57,012 (2022 = £11,922) Other Debtors £21,358 (2022 = £59,117). The 2022 other debtors include the overdrawn loan account of the directors D&S Hollick. The amount outstanding on 31st December 2022 was £1,885. The balance outstanding on 31st December 2023 was £0. The maximum outstanding during the year was £7,284.

THE FARM SHOP LYNE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

Bank overdraft £19,058 (2022 £36,230) Trade Creditors £407,955 (2022 £287,822) Hire Purchase £4,733 (2022 £19,095) Taxation £35,629 (2022 £29,254) Director's Loans £46,387 (2022 £378) Other Creditors £88,270 (2022 £94,904) Other creditors includes hire purchase liabilities due within 1 year £3,156 (2022 £19,095) and other loans of £75,433 (2022 £70,921)

THE FARM SHOP LYNE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due after more than one year note

Hire Purchase & Loans £53,259 (2022 £31,889)

THE FARM SHOP LYNE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

8. Related party transactions

Name of the related party: D & S Hollick
Relationship:
Directors
Description of the Transaction: During the year the company purchased the goodwill of the partnership business of the directors at an arms length and independent valuation amounting to £49,505.
£
Balance at 01 January 2023 0
Balance at 31 December 2023 0