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REGISTERED NUMBER: 06291862 (England and Wales)















Duchy Farm Kennels Limited

Unaudited Financial Statements for the Year Ended 31 July 2024






Duchy Farm Kennels Limited (Registered number: 06291862)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Duchy Farm Kennels Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: K P Payne
D Payne





SECRETARY: D Payne





REGISTERED OFFICE: 32 The Crescent
Spalding
Lincolnshire
PE11 1AF





REGISTERED NUMBER: 06291862 (England and Wales)





ACCOUNTANTS: Salway and Wright
32 The Crescent
Spalding
Lincolnshire
PE11 1AF

Duchy Farm Kennels Limited (Registered number: 06291862)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 278,446 289,281

CURRENT ASSETS
Stocks 1,200 8,000
Debtors 5 156,246 168,795
Cash in hand 200 200
157,646 176,995
CREDITORS
Amounts falling due within one year 6 355,035 319,154
NET CURRENT LIABILITIES (197,389 ) (142,159 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,057

147,122

CREDITORS
Amounts falling due after more than one
year

7

78,761

84,851
NET ASSETS 2,296 62,271

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,196 62,171
SHAREHOLDERS' FUNDS 2,296 62,271

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

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

Duchy Farm Kennels Limited (Registered number: 06291862)

Balance Sheet - continued
31 July 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 30 October 2024 and were signed on its behalf by:





K P Payne - Director


Duchy Farm Kennels Limited (Registered number: 06291862)

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

1. STATUTORY INFORMATION

Duchy Farm Kennels 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.

Turnover
Turnover 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.
Land and buildings - in accordance with the property
Office equipment - 25% on reducing balance
Equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office - 10% on reducing balance

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

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.

Government grants
Government grants received or receivable are treated as revenue and credited to the Income Statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

Duchy Farm Kennels Limited (Registered number: 06291862)

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

4. TANGIBLE FIXED ASSETS
Land and Office
buildings equipment Equipment
£    £    £   
COST
At 1 August 2023 251,732 5,187 44,944
Disposals - (5,187 ) -
At 31 July 2024 251,732 - 44,944
DEPRECIATION
At 1 August 2023 - 5,039 27,040
Charge for year - 148 4,250
Eliminated on disposal - (5,187 ) -
At 31 July 2024 - - 31,290
NET BOOK VALUE
At 31 July 2024 251,732 - 13,654
At 31 July 2023 251,732 148 17,904

Motor
vehicles Office Totals
£    £    £   
COST
At 1 August 2023 107,322 7,243 416,428
Disposals - (7,243 ) (12,430 )
At 31 July 2024 107,322 - 403,998
DEPRECIATION
At 1 August 2023 89,909 5,159 127,147
Charge for year 4,353 2,084 10,835
Eliminated on disposal - (7,243 ) (12,430 )
At 31 July 2024 94,262 - 125,552
NET BOOK VALUE
At 31 July 2024 13,060 - 278,446
At 31 July 2023 17,413 2,084 289,281

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors - 54,100
Other debtors 156,246 -
Other debtors - 114,695
156,246 168,795

Duchy Farm Kennels Limited (Registered number: 06291862)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 71,200 71,200
Trade creditors 85,247 62,510
Social security and other taxes 198,588 185,444
355,035 319,154

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans - 1-2 years 14,993 14,993
Bank loans - 2-5 years 31,254 34,648
Bank loans more 5 yr by instal 32,514 35,210
78,761 84,851

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 32,514 35,210