Caseware UK (AP4) 2023.0.135 2023.0.135 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity2927false2022-10-01truetruefalse 05411030 2022-10-01 2023-09-30 05411030 2021-10-01 2022-09-30 05411030 2023-09-30 05411030 2022-09-30 05411030 2021-10-01 05411030 c:Director1 2022-10-01 2023-09-30 05411030 d:PlantMachinery 2022-10-01 2023-09-30 05411030 d:PlantMachinery 2023-09-30 05411030 d:PlantMachinery 2022-09-30 05411030 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 05411030 d:MotorVehicles 2022-10-01 2023-09-30 05411030 d:MotorVehicles 2023-09-30 05411030 d:MotorVehicles 2022-09-30 05411030 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 05411030 d:FurnitureFittings 2022-10-01 2023-09-30 05411030 d:FurnitureFittings 2023-09-30 05411030 d:FurnitureFittings 2022-09-30 05411030 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 05411030 d:OfficeEquipment 2022-10-01 2023-09-30 05411030 d:OfficeEquipment 2023-09-30 05411030 d:OfficeEquipment 2022-09-30 05411030 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 05411030 d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 05411030 d:CurrentFinancialInstruments 2023-09-30 05411030 d:CurrentFinancialInstruments 2022-09-30 05411030 d:Non-currentFinancialInstruments 2023-09-30 05411030 d:Non-currentFinancialInstruments 2022-09-30 05411030 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 05411030 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 05411030 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 05411030 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 05411030 d:ShareCapital 2023-09-30 05411030 d:ShareCapital 2022-09-30 05411030 d:RetainedEarningsAccumulatedLosses 2023-09-30 05411030 d:RetainedEarningsAccumulatedLosses 2022-09-30 05411030 c:FRS102 2022-10-01 2023-09-30 05411030 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 05411030 c:FullAccounts 2022-10-01 2023-09-30 05411030 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 05411030 d:HirePurchaseContracts d:WithinOneYear 2023-09-30 05411030 d:HirePurchaseContracts d:WithinOneYear 2022-09-30 05411030 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-09-30 05411030 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-09-30 05411030 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 05411030 d:AcceleratedTaxDepreciationDeferredTax 2022-09-30 05411030 d:TaxLossesCarry-forwardsDeferredTax 2023-09-30 05411030 d:TaxLossesCarry-forwardsDeferredTax 2022-09-30 05411030 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-09-30 05411030 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-09-30 05411030 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-09-30 05411030 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-09-30 05411030 d:LeasedAssetsHeldAsLessee 2023-09-30 05411030 d:LeasedAssetsHeldAsLessee 2022-09-30 05411030 e:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 05411030










Brambletye Fruit Farm Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 September 2023

 
Brambletye Fruit Farm Limited
Registered number: 05411030

Balance sheet
As at 30 September 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
152,575
188,391

  
152,575
188,391

Current assets
  

Stocks
  
55,500
46,000

Debtors: amounts falling due within one year
 5 
46,122
40,555

Cash at bank and in hand
  
17,098
3,326

  
118,720
89,881

Creditors: amounts falling due within one year
 6 
(226,039)
(166,398)

Net current liabilities
  
 
 
(107,319)
 
 
(76,517)

Total assets less current liabilities
  
45,256
111,874

Creditors: amounts falling due after more than one year
 7 
(92,236)
(123,089)

Provisions for liabilities
  

Deferred tax
 9 
(12,277)
(15,290)

  
 
 
(12,277)
 
 
(15,290)

Net liabilities
  
(59,257)
(26,505)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(59,357)
(26,605)

  
(59,257)
(26,505)


Page 1

 
Brambletye Fruit Farm Limited
Registered number: 05411030

Balance sheet (continued)
As at 30 September 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


................................................
S Leenders
Director
Date: 24 September 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
Brambletye Fruit Farm Limited
 

 
Notes to the financial statements
For the year ended 30 September 2023

1.


General information

Brambletye Fruit Farm Limited is a private company limited by shares incorporated in England, registration number 05411030. The address of the registered office is Brambletye Fruit Farm, Brambletye Lane, Forest Row, East Sussex, RH18 5EH.
These financial statements are presented in sterling and rounded to the nearest £1.
The principal activity of the company continued to be that of the farming of fruit.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company holds net liabilities and requires support from the directors and loans to continue on a going concern basis. The directors have confirmed that they will continue to give financial support to the company until such time as its position improves and consider that it is appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
Brambletye Fruit Farm Limited
 

 
Notes to the financial statements
For the year ended 30 September 2023

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in creditors as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
Brambletye Fruit Farm Limited
 

 
Notes to the financial statements
For the year ended 30 September 2023

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line and reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Furniture, fittings and equipment
-
10%-20% reducing balance
Office equipment
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
Brambletye Fruit Farm Limited
 

 
Notes to the financial statements
For the year ended 30 September 2023

2.Accounting policies (continued)

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 29 (2022 - 27).

Page 6

 
Brambletye Fruit Farm Limited
 

 
Notes to the financial statements
For the year ended 30 September 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Furniture, fittings and equipment
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 October 2022
183,638
97,645
86,785
6,051
374,119


Additions
10,921
3,683
-
-
14,604


Disposals
(15,591)
-
(10,890)
-
(26,481)



At 30 September 2023

178,968
101,328
75,895
6,051
362,242



Depreciation


At 1 October 2022
96,600
48,255
37,128
3,745
185,728


Charge for the year on owned assets
22,574
12,427
5,860
1,585
42,446


Disposals
(11,835)
-
(6,672)
-
(18,507)



At 30 September 2023

107,339
60,682
36,316
5,330
209,667



Net book value



At 30 September 2023
71,629
40,646
39,579
721
152,575



At 30 September 2022
87,038
49,390
49,657
2,306
188,391

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Plant and machinery
19,179
25,573

Motor vehicles
19,470
25,961

38,649
51,534


5.


Debtors

2023
2022
£
£


Trade debtors
31,030
28,823

Other debtors
15,092
11,732

46,122
40,555


Page 7

 
Brambletye Fruit Farm Limited
 

 
Notes to the financial statements
For the year ended 30 September 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
19,455
27,804

Bank loans
25,833
26,822

Trade creditors
97,008
47,924

Other taxation and social security
6,725
7,133

Obligations under finance lease and hire purchase contracts
14,863
19,250

Other creditors
55,155
31,465

Accruals and deferred income
7,000
6,000

226,039
166,398



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
77,500
103,333

Net obligations under finance leases and hire purchase contracts
14,736
19,756

92,236
123,089



8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
14,863
19,250

Between 1-5 years
14,736
19,756

29,599
39,006

Page 8

 
Brambletye Fruit Farm Limited
 

 
Notes to the financial statements
For the year ended 30 September 2023

9.


Deferred taxation




2023
2022


£

£






At beginning of year
(15,290)
(21,567)


Charged to profit or loss
3,013
6,277



At end of year
(12,277)
(15,290)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(16,065)
(20,001)

Tax losses carried forward
3,788
4,711

(12,277)
(15,290)


10.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £4,128 (2022 - £4,128). Contributions totalling £1,268 (2022 - £1,459) were payable to the fund at the balance sheet date and are included in creditors.


11.


Related party transactions

During the year, the company paid rent totaling £21,600 (2022 - £33,800) to one of the directors and their close family for the use of the land and the barn which the company operates from. The rental amount is deemed to be at market value.
During the year, a director continued to provide an interest free loan to the company. The amount outstanding due to the director from the company at the year end totalled £22,600 (2022 - £449).

Page 9