Broadoak Game Farm Limited 09508389 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of raising of poultry. Digita Accounts Production Advanced 6.30.9574.0 true 09508389 2023-04-01 2024-03-31 09508389 2024-03-31 09508389 bus:Director1 1 2024-03-31 09508389 core:RetainedEarningsAccumulatedLosses 2024-03-31 09508389 core:ShareCapital 2024-03-31 09508389 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09508389 bus:SmallEntities 2023-04-01 2024-03-31 09508389 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09508389 bus:FullAccounts 2023-04-01 2024-03-31 09508389 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09508389 bus:RegisteredOffice 2023-04-01 2024-03-31 09508389 bus:Director1 2023-04-01 2024-03-31 09508389 bus:Director1 1 2023-04-01 2024-03-31 09508389 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09508389 core:Goodwill 2023-04-01 2024-03-31 09508389 core:LandBuildings 2023-04-01 2024-03-31 09508389 core:MotorCars 2023-04-01 2024-03-31 09508389 core:PlantMachinery 2023-04-01 2024-03-31 09508389 countries:EnglandWales 2023-04-01 2024-03-31 09508389 2023-03-31 09508389 bus:Director1 1 2023-03-31 09508389 2022-04-01 2023-03-31 09508389 2023-03-31 09508389 bus:Director1 1 2023-03-31 09508389 core:RetainedEarningsAccumulatedLosses 2023-03-31 09508389 core:ShareCapital 2023-03-31 09508389 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09508389 bus:Director1 1 2022-04-01 2023-03-31 09508389 bus:Director1 1 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 09508389

Broadoak Game Farm Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2024

 

Broadoak Game Farm Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 5

 

Broadoak Game Farm Limited

(Registration number: 09508389)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

37,000

74,000

Tangible assets

5

370,990

289,937

 

407,990

363,937

Current assets

 

Stocks

52,500

77,500

Debtors

1,124,148

782,607

Cash at bank and in hand

 

102,570

119,368

 

1,279,218

979,475

Creditors: Amounts falling due within one year

(721,736)

(604,224)

Net current assets

 

557,482

375,251

Total assets less current liabilities

 

965,472

739,188

Provisions for liabilities

(55,802)

(27,317)

Net assets

 

909,670

711,871

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

909,570

711,771

Total equity

 

909,670

711,871

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.

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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 3 September 2024
 

Mr Paul Yates

Director

 

Broadoak Game Farm Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the director on 3 September 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

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

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

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

Broadoak Game Farm Limited

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

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

Land and buildings

2% straight line

Motor vehicles

25% reducing balance

Plant and machinery

25% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 15 (2023 - 12).

 

Broadoak Game Farm Limited

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

4

Intangible assets

Total
£

Cost or valuation

At 1 April 2023

370,000

At 31 March 2024

370,000

Amortisation

At 1 April 2023

296,000

Amortisation charge

37,000

At 31 March 2024

333,000

Carrying amount

At 31 March 2024

37,000

At 31 March 2023

74,000

5

Tangible assets

Total
£

Cost or valuation

At 1 April 2023

514,357

Additions

123,215

Disposals

(9,750)

At 31 March 2024

627,822

Depreciation

At 1 April 2023

224,420

Charge for the year

36,678

Eliminated on disposal

(4,266)

At 31 March 2024

256,832

Carrying amount

At 31 March 2024

370,990

At 31 March 2023

289,937

 

Broadoak Game Farm Limited

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

6

Related party transactions

2024

At 1 April 2023
£

Advances to Director
£

Repayments by Director
£

At 31 March 2024
£

Mr Paul Yates

Advances and repayments including interest at HMRC official rate

184,563

320,653

(1,000)

504,215

         
       

 

2023

At 1 April 2022
£

Advances to Director
£

Repayments by Director
£

At 31 March 2023
£

Mr Paul Yates

Advances and repayments including interest at HMRC official rate

166,101

124,218

(105,756)

184,563