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REGISTERED NUMBER: 06060479 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2024

for

The Farmers' Market (Gb) Limited

The Farmers' Market (Gb) Limited (Registered number: 06060479)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


The Farmers' Market (Gb) Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: R W Harding
F M Harding
J E Pearson





SECRETARY: R W Harding





REGISTERED OFFICE: Norton Barton
Launcells
Bude
EX23 9LG





REGISTERED NUMBER: 06060479 (England and Wales)





ACCOUNTANTS: Peter Hodgson & Co.
Chartered Accountants
Shadwell House
65 Lower Green Road
Tunbridge Wells
Kent
TN4 8TW

The Farmers' Market (Gb) Limited (Registered number: 06060479)

Statement of Financial Position
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 273,505 303,894

CURRENT ASSETS
Debtors 5 36,619 41,784
Cash at bank 230,642 104,575
267,261 146,359
CREDITORS
Amounts falling due within one year 6 58,611 57,964
NET CURRENT ASSETS 208,650 88,395
TOTAL ASSETS LESS CURRENT
LIABILITIES

482,155

392,289

CREDITORS
Amounts falling due after more than one
year

7

(900

)

(2,100

)

PROVISIONS FOR LIABILITIES 8 (59,975 ) (49,954 )
NET ASSETS 421,280 340,235

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 10 420,280 339,235
SHAREHOLDERS' FUNDS 421,280 340,235

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

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

The Farmers' Market (Gb) Limited (Registered number: 06060479)

Statement of Financial Position - continued
31 January 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 18 October 2024 and were signed on its behalf by:





R W Harding - Director


The Farmers' Market (Gb) Limited (Registered number: 06060479)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

The Farmers' Market (Gb) 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.

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.

Significant judgements and estimates
There are no significant judgements or estimates pertaining to these accounts that the directors feel need to be brought to the attention of users of these accounts.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - Straight line over 20 years

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Financial instruments
Basic financial instruments comprising debtors, bank and cash are recorded at fair value.

Functional currency
The functional currency sued by the company is £ Sterling.

3. EMPLOYEES AND DIRECTORS

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

The Farmers' Market (Gb) Limited (Registered number: 06060479)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
At 1 February 2023
and 31 January 2024 607,788
DEPRECIATION
At 1 February 2023 303,894
Charge for year 30,389
At 31 January 2024 334,283
NET BOOK VALUE
At 31 January 2024 273,505
At 31 January 2023 303,894

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,202 28,847
Prepayments 417 12,937
36,619 41,784

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,787 39,075
Tax 45,597 13,275
VAT 1,127 933
Accrued expenses 1,100 3,488
Deferred grants - 1,193
58,611 57,964

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Shareholders' loan 900 900
Deferred grants - 1,200
900 2,100

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 59,975 49,954

The Farmers' Market (Gb) Limited (Registered number: 06060479)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2023 49,954
Provided during year 10,021
Balance at 31 January 2024 59,975

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
500 Ordinary A, B & C Shares £1 500 500
300 Ordinary B Shares £1 200 200
200 Ordinary C Shares £1 300 300
1,000 1,000

10. RESERVES
Retained
earnings
£   

At 1 February 2023 339,235
Profit for the year 111,045
Dividends (30,000 )
At 31 January 2024 420,280

11. ULTIMATE CONTROLLING PARTY

The company is controlled by the three directors who own 100% of the share capital.