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REGISTERED NUMBER: SC692179 (Scotland)











































Bev Marsh Farm Office Ltd

Unaudited Financial Statements

for the Year Ended 31st March 2024






Bev Marsh Farm Office Ltd (Registered number: SC692179)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3 to 5


Bev Marsh Farm Office Ltd

Company Information
for the year ended 31st March 2024







Directors: P Marsh
Mrs B Marsh





Secretary: Mrs B Marsh





Registered office: The Owl House
Blanerne
Duns
Berwickshire
TD11 3PZ





Registered number: SC692179 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Bev Marsh Farm Office Ltd (Registered number: SC692179)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 385 649

Current assets
Debtors 5 9,566 1,952
Cash at bank 1,606 16,817
11,172 18,769
Creditors
Amounts falling due within one year 6 2,343 9,716
Net current assets 8,829 9,053
Total assets less current liabilities 9,214 9,702

Provisions for liabilities 50 123
Net assets 9,164 9,579

Capital and reserves
Called up share capital 100 100
Retained earnings 9,064 9,479
Shareholders' funds 9,164 9,579

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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th October 2024 and were signed on its behalf by:




Mrs B Marsh - Director


Bev Marsh Farm Office Ltd (Registered number: SC692179)

Notes to the Financial Statements
for the year ended 31st March 2024

1. Statutory information

Bev Marsh Farm Office Ltd is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover represents the total invoice value of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

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.
Office equipment - 20% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, accruals and directors' loans.

Directors' loans (being repayable on demand), trade debtors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Bev Marsh Farm Office Ltd (Registered number: SC692179)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

2. Accounting policies - continued
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.

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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern
The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 3 ) .

4. Tangible fixed assets
Office
equipment
£   
Cost
At 1st April 2023
and 31st March 2024 1,825
Depreciation
At 1st April 2023 1,176
Charge for year 264
At 31st March 2024 1,440
Net book value
At 31st March 2024 385
At 31st March 2023 649

Bev Marsh Farm Office Ltd (Registered number: SC692179)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 3,696 1,686
Other debtors 5,870 266
9,566 1,952

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Taxation and social security 1,744 4,212
Other creditors 599 5,504
2,343 9,716

7. Directors' advances, credits and guarantees

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

20242023
££
Director 1
Balance outstanding at start of year--
Amounts advanced5,532-
Amounts repaid--
Balance outstanding at end of year5,532-

This loan is unsecured, interest free and repayable on demand.