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REGISTERED NUMBER: 00374596 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

EDWARD BAARDA LIMITED

EDWARD BAARDA LIMITED (REGISTERED NUMBER: 00374596)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EDWARD BAARDA LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: A Baarda
M Baarda
Mrs L Greaves





REGISTERED OFFICE: 42 Stockbridge Road
Elloughton
Brough
East Yorkshire
HU15 1HN





REGISTERED NUMBER: 00374596 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

EDWARD BAARDA LIMITED (REGISTERED NUMBER: 00374596)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 852,262 1,009,009

CURRENT ASSETS
Stocks 80,879 79,072
Debtors 5 122,349 181,046
Cash at bank 3,416,670 3,088,781
3,619,898 3,348,899
CREDITORS
Amounts falling due within one year 6 358,901 281,815
NET CURRENT ASSETS 3,260,997 3,067,084
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,113,259

4,076,093

PROVISIONS FOR LIABILITIES 100,120 103,724
NET ASSETS 4,013,139 3,972,369

CAPITAL AND RESERVES
Called up share capital 6,000 6,000
Retained earnings 4,007,139 3,966,369
SHAREHOLDERS' FUNDS 4,013,139 3,972,369

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

EDWARD BAARDA LIMITED (REGISTERED NUMBER: 00374596)

BALANCE SHEET - continued
31 December 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:




A Baarda - Director



M Baarda - Director


EDWARD BAARDA LIMITED (REGISTERED NUMBER: 00374596)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Edward Baarda Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principle place of business at 42 Stockbridge Road, Elloughton, Brough, East Yorkshire, HU15 1HN.

The principal activity of the company is that of market gardeners.

The presentational currency of the financial statements is Pound Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold land - 2% on cost
Greenhouses and buildings - 7.5% on cost
Plant and machinery - 15% on cost and 10% on cost
Motor vehicles - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


EDWARD BAARDA LIMITED (REGISTERED NUMBER: 00374596)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for the current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on the tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government assistance
Government subsidies are released to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2022 - 32 ) .

EDWARD BAARDA LIMITED (REGISTERED NUMBER: 00374596)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Greenhouses
Freehold and Plant and Motor
land buildings machinery vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 286,324 1,664,059 3,451,044 184,795 5,586,222
Additions - - 12,092 - 12,092
At 31 December 2023 286,324 1,664,059 3,463,136 184,795 5,598,314
DEPRECIATION
At 1 January 2023 - 1,611,699 2,780,719 184,795 4,577,213
Charge for year - 16,272 152,567 - 168,839
At 31 December 2023 - 1,627,971 2,933,286 184,795 4,746,052
NET BOOK VALUE
At 31 December 2023 286,324 36,088 529,850 - 852,262
At 31 December 2022 286,324 52,360 670,325 - 1,009,009

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 3,575 66,478
Other debtors 22,025 -
VAT 32,357 42,817
Prepayments 25,049 22,068
83,006 131,363

Amounts falling due after more than one year:
Accrued income 39,343 49,683

Aggregate amounts 122,349 181,046

EDWARD BAARDA LIMITED (REGISTERED NUMBER: 00374596)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 19,209 42,119
Tax 49,013 -
Social security and other taxes 14,529 7,282
Other creditors 542 -
Directors' current accounts 231,423 202,398
Accrued expenses 44,185 30,016
358,901 281,815

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors falling due within one year are loans to the company from its directors. The balance outstanding at 31 December 2023 was £231,423 (2022: £202,397).

The loans are made on an interest free basis and are repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The company is under the control of it's board of directors by virtue of them owning 100% of the ordinary share capital. No one individual has control.