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REGISTERED NUMBER: 00841554 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

BRYCES FARMS LIMITED

BRYCES FARMS LIMITED (REGISTERED NUMBER: 00841554)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRYCES FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mrs S A Cook
Mr J A Cook
Mr D M Cook
Miss J L Cook





SECRETARY: Mrs S A Cook





REGISTERED OFFICE: Bryces Farm
Sherfield English
Romsey
Hampshire
SO51 6FX





REGISTERED NUMBER: 00841554 (England and Wales)






BRYCES FARMS LIMITED (REGISTERED NUMBER: 00841554)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 395,660 109,110
Investments 6 - 131,994
395,660 241,104

CURRENT ASSETS
Debtors 7 97,285 88,191
Cash at bank 16,898 104,690
114,183 192,881
CREDITORS
Amounts falling due within one year 8 119,625 34,366
NET CURRENT (LIABILITIES)/ASSETS (5,442 ) 158,515
TOTAL ASSETS LESS CURRENT
LIABILITIES

390,218

399,619

CREDITORS
Amounts falling due after more than one
year

9

(80,634

)

-

PROVISIONS FOR LIABILITIES - (940 )
NET ASSETS 309,584 398,679

CAPITAL AND RESERVES
Called up share capital 11 4,500 4,500
Capital redemption reserve 4,500 4,500
Retained earnings 300,584 389,679
SHAREHOLDERS' FUNDS 309,584 398,679

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

BRYCES FARMS LIMITED (REGISTERED NUMBER: 00841554)

BALANCE SHEET - continued
31ST MARCH 2024


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 9th October 2024 and were signed on its behalf by:





Mrs S A Cook - Director


BRYCES FARMS LIMITED (REGISTERED NUMBER: 00841554)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Bryces Farms Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. Turnover is adjusted for income not invoiced at the year end.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance

No depreciation is charged on freehold property buildings since, in the opinion of the directors depreciation would be immaterial due to the long life of the buildings and their high residual value. The cost of maintaining the property is written off to the profit and loss account when incurred and therefore no depreciation is charged on improvements to premises since in the directors' opinion this preserves the long useful life and residual value of the premises.

All fixed assets are initially recorded at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

BRYCES FARMS LIMITED (REGISTERED NUMBER: 00841554)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Motor
property property machinery vehicles Totals
£    £    £    £    £   
COST
At 1st April 2023 64,187 39,976 7,830 86,050 198,043
Additions - 68,740 260,087 - 328,827
Disposals - - (9,000 ) (27,250 ) (36,250 )
At 31st March 2024 64,187 108,716 258,917 58,800 490,620
DEPRECIATION
At 1st April 2023 - - 5,771 83,162 88,933
Charge for year - - 32,527 715 33,242
Eliminated on disposal - - - (27,215 ) (27,215 )
At 31st March 2024 - - 38,298 56,662 94,960
NET BOOK VALUE
At 31st March 2024 64,187 108,716 220,619 2,138 395,660
At 31st March 2023 64,187 39,976 2,059 2,888 109,110

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st April 2023 131,994
Disposals (131,994 )
At 31st March 2024 -
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 131,994

BRYCES FARMS LIMITED (REGISTERED NUMBER: 00841554)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 699 -
Other debtors 96,586 88,191
97,285 88,191

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,334 220
Hire purchase contracts 54,621 -
Trade creditors 9,808 24,179
Taxation and social security - 6,120
Other creditors 34,862 3,847
119,625 34,366

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 80,634 -

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 20,334 220

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4,500 Ordinary £1 4,500 4,500

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
Mr M P Jewell Deceased
Balance outstanding at start of year 37,102 62,097
Amounts repaid - (24,995 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 37,102 37,102

BRYCES FARMS LIMITED (REGISTERED NUMBER: 00841554)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs S A Cook
Balance outstanding at start of year - -
Amounts advanced 1,605 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,605 -

The loan was unsecured and interest was payable at HM Revenue & Customs approved rates.

The loan to S A Cook was repaid within 9 months of the year end.