Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08724336 Mr Timothy Paterson-Brown Mr Trevor Coultan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08724336 2022-12-31 08724336 2023-12-31 08724336 2023-01-01 2023-12-31 08724336 frs-core:CurrentFinancialInstruments 2023-12-31 08724336 frs-core:Non-currentFinancialInstruments 2023-12-31 08724336 frs-core:ComputerEquipment 2023-12-31 08724336 frs-core:ComputerEquipment 2023-01-01 2023-12-31 08724336 frs-core:ComputerEquipment 2022-12-31 08724336 frs-core:FurnitureFittings 2023-12-31 08724336 frs-core:FurnitureFittings 2023-01-01 2023-12-31 08724336 frs-core:FurnitureFittings 2022-12-31 08724336 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 08724336 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08724336 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 08724336 frs-core:MotorVehicles 2023-12-31 08724336 frs-core:MotorVehicles 2023-01-01 2023-12-31 08724336 frs-core:MotorVehicles 2022-12-31 08724336 frs-core:PlantMachinery 2023-12-31 08724336 frs-core:PlantMachinery 2023-01-01 2023-12-31 08724336 frs-core:PlantMachinery 2022-12-31 08724336 frs-core:ShareCapital 2023-12-31 08724336 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08724336 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08724336 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08724336 frs-bus:SmallEntities 2023-01-01 2023-12-31 08724336 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08724336 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08724336 frs-core:UnlistedNon-exchangeTraded 2023-12-31 08724336 frs-core:UnlistedNon-exchangeTraded 2022-12-31 08724336 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 08724336 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 08724336 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 08724336 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 08724336 frs-bus:Director1 2023-01-01 2023-12-31 08724336 frs-bus:Director2 2023-01-01 2023-12-31 08724336 frs-core:CurrentFinancialInstruments 1 2023-12-31 08724336 frs-countries:EnglandWales 2023-01-01 2023-12-31 08724336 2021-12-31 08724336 2022-12-31 08724336 2022-01-01 2022-12-31 08724336 frs-core:CurrentFinancialInstruments 2022-12-31 08724336 frs-core:Non-currentFinancialInstruments 2022-12-31 08724336 frs-core:ShareCapital 2022-12-31 08724336 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 08724336 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 08724336
Northfields Farm Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08724336
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 998,800 1,011,594
Investments 4 40 40
998,840 1,011,634
CURRENT ASSETS
Debtors 5 447,509 157,016
Cash at bank and in hand 6,721 14,485
454,230 171,501
Creditors: Amounts Falling Due Within One Year 6 (35,286 ) (42,707 )
NET CURRENT ASSETS (LIABILITIES) 418,944 128,794
TOTAL ASSETS LESS CURRENT LIABILITIES 1,417,784 1,140,428
Creditors: Amounts Falling Due After More Than One Year 7 (247,713 ) (247,713 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (60,225 ) (60,225 )
NET ASSETS 1,109,846 832,490
CAPITAL AND RESERVES
Called up share capital 8 155 155
Profit and Loss Account 1,109,691 832,335
SHAREHOLDERS' FUNDS 1,109,846 832,490
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Trevor Coultan
Director
16/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% straight line
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 25% reducing balance
2. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 3)
1 3
3. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2023 1,112,095 14,720 1,200 117
As at 31 December 2023 1,112,095 14,720 1,200 117
Depreciation
As at 1 January 2023 106,011 9,674 821 92
Provided during the period 11,910 757 95 5
As at 31 December 2023 117,921 10,431 916 97
Net Book Value
As at 31 December 2023 994,174 4,289 284 20
As at 1 January 2023 1,006,084 5,046 379 25
Page 3
Page 4
Computer Equipment Total
£ £
Cost
As at 1 January 2023 1,141 1,129,273
As at 31 December 2023 1,141 1,129,273
Depreciation
As at 1 January 2023 1,081 117,679
Provided during the period 27 12,794
As at 31 December 2023 1,108 130,473
Net Book Value
As at 31 December 2023 33 998,800
As at 1 January 2023 60 1,011,594
4. Investments
Unlisted
£
Cost
As at 1 January 2023 40
As at 31 December 2023 40
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 40
As at 1 January 2023 40
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 30,437 32,840
Prepayments and accrued income - 197
Other debtors - 9,907
Amounts due to other group entities 417,072 114,072
447,509 157,016
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 101 78
Other taxes and social security 8,906 1,118
VAT 6,278 11,276
Net wages 201 201
Accruals and deferred income 19,800 30,034
35,286 42,707
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Amounts owed to parent undertaking 247,713 247,713
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 155 155
Page 5